INVISIO Communications Year-End Report January – December 2013
Stockholm, February 18, 2014
A doubling of sales, profit within reach
INVISIO (IVSO) has published its Year-End Report for January to December 2013. Among the main events are a doubling of sales for the year and a record order from TCAPS within the U.S. Army worth SEK 40 m. The order backlog per December 31 amounts to SEK 50 m. The full report can be downloaded at www.invisio.com.
Lars Højgård Hansen, CEO INVISIO, comments:
“INVISIO’s sales doubled in 2013 compared to 2012, from SEK 43.0 m to SEK 85.3 m. Thus, 2013 is the sixth consecutive year with increased sales within INVISIO’s focus since 2008: The global niche for ad-vanced systems for hearing protection and interference-free communication in difficult conditions. Not only our sales have increased; our technology leadership in the industry has been fortified.”
| SEK m | Q4 2013 |
Q4 2012 |
Jan-Dec 2013 | Jan-Dec 2012 |
| Total income | 24.8 | 17.9 | 85.3 | 43.0 |
| Gross Profit | 9.3 | 7.4 | 37.0 | 18.1 |
| Gross Margin (%) | 37.4 | 41.1 | 43.5 | 42.1 |
| EBITDA | -3.8 | -4.6 | -5.3 | -20.6 |
| Operating Profit/Loss | -4.5 | -6.4 | -10.5 | -25.8 |
| Profit/Loss after tax | -3.1 | -7.9 | -10.5 | -29.5 |
| Profit/Loss per share (SEK) | -0.08 | -0.22 | -0.27 | -0.83 |
Important Events October – December
- Largest order so far of SEK 40 m was received in October. The order is for the military program TCAPS, administered by PEO Soldier within the U.S. Army.
- An additional order of SEK 4.8 m was received from a NATO country’s army
- An order from Australia of approximately SEK 4.8 m through the distribution partner Defcon Technologies.
- An order of SEK 7.6 m was received from a NATO-country.
- The financial position was strengthened through two directed share issues of approximately SEK 10 m and SEK 5.7 m and a prolongation in the amortization plans.
- Outgoing backlog amounted per December 31 to SEK 50.
Important Events After the Period
- An order of SEK 5.2 m on a number of units of the communication systems INVISIO V60 was received from a NATO country.
- An order from Australia of approximately SEK 1.8 m through the distribution partner Defcon Technologies.
For more information about INVISIO, please visit www.invisio.com.
For additional information, please contact:
Lars Højgård Hansen, CEO INVISIO Communications
Mobile: + 45 53 72 7722
E-mail: lhh@invisio.com
About INVISIO Communications AB
INVISIO Communications AB is a public company listed on the NASDAQ OMX First North Premier Segment (ticker code: IVSO) an alternative market on NASDAQ OMX Stockholm. INVISIO specializes in voice communications in difficult conditions. The company develops, manufactures, markets and sells communication solutions, such as advanced headsets control units and accessories for use with two-way radio. Our solutions are primarily for professional users who often work in difficult environments. The customers are for example found in the military and military Special Forces, police and SWAT teams, emergency services, the security sector, and various industries throughout the world. Additional information is available on the company’s website at www.invisio.com. Mangold Fondkommission AB is Certified Adviser for INVISIO Communications AB.