TC TECH Sweden AB (publ) publishes its interim report
TC TECH has today published its interim report for the period January 1 to March 31, 2022.
Net sales amounted to 5 795 (0) TSEK in the first quarter of 2022. In the same period, net profit/loss totalled -4 014 (-4100) TSEK. Cash flow from operating activities was -6 102 (-3 803) TSEK in the period from January 1st to March 31st 2022.
Developments in the first quarter of 2022
The Board of Directors of TC TECH Sweden AB (publ) has, subject to approval at the Extraordinary General Meeting, resolved to carry out a rights issue of shares that, upon full subscription, will provide the Company with approximately SEK 24.8 million before issue costs.
Developments after March 31st, 2022
TC TECH Sweden AB (publ) Held an Extraordinary General Meeting was held on 7 April. At the meeting, approximately 47% of the company's shares were represented. The EGM resolved unanimously to approve the Board of Directors' resolution on a rights issue of not more than 6,349,349 shares, entailing an increase in the share capital by a maximum of SEK 507,947.92.
For further information, please contact:
Alexander Luiga, C.E.O., TC TECH Sweden AB (publ)
Tel: +46 (0)8-788 08 01
Email: alexander.luiga@tctech.se
www.tctech.se
This information was submitted for publication through the agency of the contact person set out above, at 8.00 C.E.T. on April 28th 2022.
About TC TECH
TC TECH is an innovative high-tech company that has developed its very own system for the production of advanced plastic details with nano patterns. Operations are based on an IPR-protected induction technique that makes it possible to heat and cool material – rapidly and with high precision. Initially, TC TECH has chosen to focus on systems for the production of diffusers for mini-LED and so-called Light Guide Plates (LGP) for screens and displays. TC TECH has its statutory seat and head office in Stockholm (Spånga), Sweden, where also R&D operations are based.
The TC TECH share is listed on Nasdaq First North Growth Market.
Arctic Securities is the company's Certified Adviser, email: certifiedadviser@arctic.com, tel: +46 844 68 61 00.