Resqunit AB - Half Year Report H2-2022

Resqunit AB Half Year Interim Report H2-2022

Resqunit AB (publ) ("Resqunit") February 24rd, 2023, at 15.30 CET - publishes Half Year Interim Report H2-2022

Second half year 2022 - compared to second half year 2021

Group revenue have been limited in both periods.
Operating profit amounted to -4,194 kSEK (-6,141 kSEK)
Earnings per share -0,40 SEK (-0,58 SEK )

Key figures (SEK)

Jul-Dec 2022, Group, unaudited (Jul-Dec 2021, Group Proforma, unaudited)
Net sales, SEK    296,435    (0)
Operating profit    SEK    -4,193,865    (-6,141,967)
Earnings per share    -0,40    (-0,58)
Equity per share    0,36    (1,01)
Outstanding shares    11,155,295    (10,610,277)
Solidity (%)    25%    (73%)

CEO Helge Trettø Olsen comment:

"As we wrapped up 2022, we were pleased to report an order backlog of over 10 MSEK and a sales pipeline exceeding 15 MSEK. In our unwavering commitment to delivering products of the highest quality and safety standards, we have made some minor product modifications that were identified during the final quality control process, resulting in some manufacturing delays. Despite these setbacks and the additional challenges brought on by the Covid-19 pandemic, our professional team has been able to effectively navigate these hurdles, allowing our manufacturing to bounce back to start product deliveries in Q1 2023."

Main events during H2 2022

• August 23, Resqunit participated in the on-stage discussion at Nor-Fishing, one of the largest fishing fairs in the world, and met with Norwegian Minister of Fisheries. An important achievement by our team in the promotion of the solutions.
• September 7, our CEO Helge Trettø Olsen presented Resqunit at the Mangold Insight event Tech Invest.
• September, Resqunit was selected to join Blue Bio Value Acceleration’s 5th edition, as one of 18 startups from 12 different countries, training of our sales team. 
• October 5, Chief Sales Officer Erik Nobbe and Captain Sig Hansen participated at the "Ocean Health Is Wealth: Ocean-Friendly Solutions for Aquaculture and Fishing" at The Responsible Seafood Conference, in Seattle, USA.
• October 12, Resqunit attended the 24th Annual Nova Scotia Department of Fisheries and Aquaculture Minister’s & at the SeaFarmers Conference in Halifax, Nova Scotia.
• October 17, CEO Helge Trettø Olsen's Resqunit AB company update was broadcasted by Financial Stockholm.
• October 28, Resqunit CEO interviewed by Aquademia podcast from Global Seafood Alliance. Discussing innovation and combatting ghost gear.
• November, Our product is installed on Sig's crab pots used in the TV show "The Viking Returns" on Discovery Channel, giving exposure to a large audience worldwide. 
• November 8, Resqunit attended the Börsevent by Michel Issa in Stockholm at the Oscar Theatre, with our CEO on stage presenting Resqunit.
• November 17, Resqunit presenting at DNB NXT Stavanger, at the event named "Redefining Growth".

Important external event

• October 22, THE MSC FISHERIES STANDARD VERSION 3.0 is launched, putting greater responsibility on certified fisheries to prevent and reduce the impact of lost fishing gear.

Main events after the period

• January 24, 2023, Resqunit entered into a distribution agreement with Ad Mare Solutions Lda to bring Resqunit Trap Recovery System to the Portuguese market.
• January 23, 2023, Resqunit completed a directed private placement of SEK 3.75 million to the institutional investors DSD AS and MIF Marine Invest with a subscription share price of SEK 4.50
• February 14, 2023, Resqunit announced a significant milestone in its global expansion strategy with the signing of a distribution agreement with Intermas Group. This partnership will see Resqunit products sold in over 70 countries.

DISCLOSURE REGULATION

This information is information that Resqunit AB is obliged to make public pursuant to the EU Market Abuse Regulation (MAR) 596/2014. The information in this press release has been published through the agency of the contact persons set out above, on February 24rd, 2023, at 15.30 CET

This release will also be available at https://www.resqunit.com/financial-reports/

Certified Advisor
Mangold Fondkommission AB

For additional information, please contact:
Helge Trettø Olsen, CEO, Resqunit AB
Email: helge@resqunit.com
Phone: +47 901 68 908

Resqunit is an ocean tech company developing innovative equipment to disarm and retrieve lost fishing gear. Through sensor data collection and software, the company aims to increase knowledge about the oceans and increase catch predictability. Every year between 500 000 and 1 000 000 metric tons of fishing gear is lost at sea. A significant amount of this consists of plastic, which over time dissolves into microplastic particles and enters the food chain. Lost gear harms both the fishing, animal stocks and the environment. Resqunit AB (publ) was founded in 2021 as a parent holding company (listco) holding 100% of the shares in the Norwegian subsidiary Resqunit AS, founded in 2017.