Anoto's quarterly report for January-June 2024 shows a decrease in revenue and negative results.

From GlobeNewswire: 2024-08-22 12:00:00

Anoto’s quarterly report for January-June 2024 shows a decrease in net revenue to 19 MSEK, with a lower gross margin of 58% and a negative operating result of -30 MSEK. The company appointed Mats Karlsson as Acting CEO and secured a $1.5 million investment agreement with Mark Stolkin and DDM Debt AB.

In the second quarter of 2024, Anoto reported a decrease in net revenue to 6 MSEK, with a lower gross margin of 38%. The operating result remained at -16 MSEK, while the EPS before and after dilution increased slightly to -0.04 SEK. Anoto also announced key personnel changes and a new investment agreement to support general business purposes.

Anoto’s post-report events include authorizing the issuance of up to 66,400,000 new shares, options, and/or convertibles to finance ongoing operations and attract long-term investors. The company’s auditor, BDO, confirmed its continued role for the remaining year. Anoto’s full quarterly report is available for further details and transparency.

Anoto is a Swedish technology company known for its innovations in information-rich patterns and optical recognition. The company specializes in digital writing and drawing solutions and owns Knowledge AI, a leading AI-based educational solutions provider. Anoto’s stock is listed on NASDAQ Stockholm’s Small Cap list under ANOT.



Read more at GlobeNewswire:: Delårsrapport för januari – juni 2024