MyFC Holding (publ) financial report January – September 2018

The quarter July – September 2018

  • Net sales: KSEK 202 (6)
  • Operating loss: MSEK -15.4 (-10.7)
  • Earnings per share: SEK -0,22 kr (-0,33)

Significant events July – September 2018

  • MyFC runs an electric car on water at Almedalen political week
  • myFC makes key recruitment within mobile integration
  • myFC ships JAQ Hybrid to Lightec Japan

Significant events after the end of the period

  • myFC makes adjustments in the Group Leadership Team
  • myFC showcases prototype smartphone charged by integrated fuel cell
  • myFC launches JAQ Hybrid in Japan together with Lightec Inc
  • myFC develops technology that secures the company’s recurring revenues from fuel, and protects users and manufacturers from counterfeit fuel cards
  • myFC reinforces Group leadership with Tord Karlin as Research & Development Director

Comment from CEO Björn Westerholm:

All our focus areas have developed well during the third quarter. From a sales perspective, I am pleased to have delivered JAQ Hybrid to Japan. Both because Lightec is our first customer outside China, and because Japan is arguably the world's most advanced mobile market. During the coming quarter, we will continue our implementation of the strategy, our talks with potential partners and customers, and our continued technical and commercial development with sustained intensity.”

For more information, please contact:
myFC Press Office
Mail: press@myfc.se
Phone: +46 (0) 738 09 33 83

This information is information that myFC is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 26 of October 2018.

For further information, please contact: 
myFC Press Office 
Email:  press@myfc.se 
Phone: +46 (0) 738 09 33 83

About myFC

MyFC is a Swedish innovation company and market leader in micro fuel cells which develops green energy solutions and markets the underlying components and advantages of its patented technologies to the smartphone world, power bank manufacturers and manufacturers (OEM) in the automotive industry. In 2017, myFC launched its JAQ Hybrid platform, which co-locates fuel cell and battery. JAQ Hybrid is the company's third hydrogen-powered product following JAQ and PowerTrekk. It runs on the company's patented fuel consisting of salt, water and reactants. MyFC was founded in 2005 and is part of the group myFC Holding AB. MyFC Holding was listed on NASDAQ First North in May 2014. Its head office is located in Stockholm and the company's Certified Advisor is Avanza Bank. For more information, visit www.myfcpower.com

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About Us

Swedish innovation company myFC offers thin, scalable fuel cells that are easy to dimension and adapt to any electric application. myFC develops hybrid technology solutions combining batteries and hydrogen-based micro fuel cells for extended usage and reduced carbon footprint. The company was founded in 2005 and was listed on NASDAQ | First North Growth Market in 2014. Its headquarters are in Stockholm. For more information, visit myfc.se

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