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Q3 interim report: High revenue growth and positive EBITDA

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Company Announcement no. 84
Copenhagen, November 8, 2022

This announcement is a summary and should be read in conjunction with Shape Robotics’ interim report for Q3, 2022, published on November 8th 2022. The interim report will be available on the company’s website.

Financial highlights

The results from the first 9 months of 2022

  • The Company has realized a YTD revenue of MDKK 36.5 (5.2), corresponding to a revenue growth of 599%, and a revenue in Q3 of MDKK 20.8 (0.9).
  • Contribution Margin YTD amounts to MDKK 10.9 (2.3), and MDKK 5.2 (0.2) in Q3.
  • Contribution Margin in % YTD amounts to 30% (45%)
  • EBITDA YTD is MDKK -5.3 (-10.3), and MDKK +0,4 (-5.1) for Q3.
  • Net result YTD is improved with MDKK 1.8 compared to same period last year
  • Inventory level has increased more than MDKK 30 compared to FY 2021, including approx. MDKK 12 added to the consolidated balance sheet from the acquisition of VTS end of August.
  • Borrowings/credit facilities has increased approx. MDKK 34 compared to FY 2021, of which MDKK 4 is added to the consolidated balance sheet from the acquisition of VTS end of August.

Outlook 2022

  • The Company expects the full year revenue 2022 to be in the range of MDKK 81 to 93 with an EBITDA of MDKK +2 to +4 in the 2nd half of 2022.

In connection with this quarterly report, the annual report for 2022 and future reports, Shape Robotics A/S, Shape Robotics Romania S.R.L and Video Technic Systems S.R.L appear as a group.

The consolidated financial statements have been prepared as a summary of the company's and subsidiary's periodic accounts by adding uniform accounting records. The consolidation shall eliminate intra-group income and costs, shareholdings and internal balances between the consolidated companies.

Newly acquired companies are recognized in the consolidated financial statements from the time when control is obtained according to the "takeover method". Comparison figures have therefore not been corrected.

Other accounting policies remain unchanged.

Sign up for the live presentation of the Q3 report on November 8th 13:00 here

Additional information and investor relations
André Fehrn, CEO Shape Robotics A/S
Tlf.  (+45) 2444 8556
Email: ir@shaperobotics.com
Rugmarken 18, 3520 Farum, Denmark
CVR-nr. 38322656
www.shaperobotics.com

Certified advisor contact
Norden CEF A/S 
John Norden Tel: +45 20 72 02 00
Email: jn@nordencef.dk
www.nordencef.dk

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