IMSYS AB: Report for 2022 second quarter

MAR

The business year's second quarter, August 1st - October 31st has been heavily focused on market analysis and organisational work together with completely finalising the new product IM4000. Our new CEO assumed his position on September 14th and has made sure that more work is done in tandem and with physical presence in the office. Also our new CTO revamped the entire organisation including both software and hardware teams. This new and sharpened team is focusing on improved business acumen, customer value as well as better project management and long term product focus.

  • New organisation in place
  • Work on market analysis and benmchmarking for launch of IM4000
  • Succesful recruiting work

The business year's second quarter, August 1st - October 31st has been heavily focused on market analysis and organisational work together with completely finalising the new product IM4000. Our new CEO assumed his position on September 14th and has made sure that more work is done in tandem and with physical presence in the office. Also our new CTO revamped the entire organisation including both software and hardware.

"All work is targeted on better project management, long term product focus and improved customer value" says CEO Jonas Wærn.

The result for Imsys' business year's second quarter was:

  • Total sales amounted to 650 Tkr (181 Tkr) , year to date 670 Tkr
  • Profit after financial items amounted to -1 333 Tkr (-3 003 Tkr) YTD 4 248 Tkr
  • Investments in development work amounted to 3 832 Tkr (3 459 Tkr) YTD 13 497 Tkr
  • The gross margin on product sales amounted to 62,5 % (67,8 %) YTD 68,4%
  • Earnings in SEK per share amounted to - 0,09 (-0,23) YTD 0,27

The complete Interim Report for 2 Quarter, 6 Months, is available for download on the Company's website; www.imsys.ai.

This information is information that Imsys AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (MAR). The information was submitted for publication on 14 December 2022 at 08:00 CET

This press message is a translation from the original which has been published in Swedish prior to this English version. In any and all legal considerations, the press message and the Interim Report published in Swedish, serves as the company's official versions.

For more information, please contact:

Jonas Wærn

CEO Imsys AB (Publ) E-mail:jonas.waern@imsystech.com,  Phone: 0703-228663

Imsys AB (publ) is a Swedish AI-company. Imsys develops, designs and sells a self-created flexible microprocessor historically used for highly specialized applications. This has drastically changed during the past years and nowadays the customers are found within artificial intelligence, AI. Imsys' customers are from all sorts of segments in the industrialized world and are active within image sensing, functional safety in Automotive, safety and security solutions and smart sensors, but also within mobile communication (5G), medical image analysis, blockchain-solutions, dynamic pricing and applications that demand massive calculations.

Datum 2022-12-14, kl 08:00
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