Interim report for AudioDev AB
Press release 2008-07-15
·Net sales totalled SEK 59.7 million (68.3)
·Profit/loss after financial items amounted to SEK -15.3 million (-27.0)
·Net profit/loss for the quarter totalled SEK -12.2 million (-19.3)
·Profit/loss per share, after dilution, was SEK -0.73 (-1.15)
·The order backlog totalled SEK 26.9 million (11.1) at the end of the quarter
·The format war about optical media based on blue laser is over following Warner Bros Entertainment's decision to use the BD blue laser format exclusively, and Toshiba have since announced that they are phasing out the development and production of the HD-DVD competing format.
·AudioDev secured several key orders for blue laser analyzers in the second quarter with a total order value of around SEK 27.5 million. Several of these orders are intended for continuous production.
AudioDev discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 12.30 p.m. on July 15th 2008.