TC TECH Sweden AB (publ) publishes its Summarized Financial Statements
TC TECH has today published its summarized financial statement report for the period January 1 to December 30, 2019
Net sales amounted to 4 358 (48) TSEK in the fourth quarter of 2019. Net profit/loss totalled -6 007 (-10 326) TSEK in the fourth quarter of the year. Cash flow from operating activities was -3 991 (-13 500) TSEK in the period from October 1st to December 31st 2019.
Net sales amounted to 14 193 (48) TSEK in the full year of 2019, while Net profit/loss totalled -27 640 (-32 365) TSEK in the full year 2019. Cash flow from operating activities was -22 181 (-26 498) TSEK in the full year 2019.
Developments in the fourth quarter of 2019
- TC TECH Sweden AB (publ) has in October made a directed equity issue of 1 412 700 shares, based on the authorization granted by the AGM held on May 9th 2019. As a result of this resolution, the company’s share capital increased by SEK 113 016 and liquid funds by around SEK 19 million.
Developments after year-end 2019
- TC TECH Sweden AB (publ) announced that the company has received an order for an evaluation project of LGPs from a German sub-supplier in the automotive industry. This is TC TECH’s first inroad into the automotive industry.
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 February 21st 2020.
About TC TECH
TC TECH develops, manufactures and sells systems used for the replication of nano-structures in polymer products. The company’s business operations are based on an IPR-protected induction technology developed by TC TECH’s own R & D team. The technology makes it possible to heat and cool different kinds of material – in very short time, and with very high precision. The technology is well suited for polymers, and the company has chosen Light Guide Plates (LGP) as its initial focus. LGP is an acrylic panel that directs and diffuses the light emitted from the light source behind the display. TC TECH’s system makes it possible to produce displays that are thinner, refracts light more efficiently while at the same time reducing energy consumption.
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.