Anoto reports decrease in net sales and gross margin, while operating loss remains. Mats Karlsson appointed interim CEO

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

In the second quarter of 2024, Anoto reported a decrease in net sales to MSEK 6 (from 9) and a decrease in gross margin to 38% (from 51%). Operating loss remained the same at MSEK -16. Mats Karlsson was appointed interim CEO, and a convertible investment agreement with two investors was announced for USD 1,500,000.

Anoto’s net sales for January – June 2024 were reported at MSEK 19 (from 22), with a decreased gross margin of 58% (from 74%). Operating loss decreased marginally to MSEK -30. An Annual General Meeting in July authorized the Board to issue new shares, warrants, or convertible bonds worth up to 66,400,000 ordinary shares.

Additionally, an agreement was reached with BDO to continue as Anoto’s auditor for the remaining year of the mandate. For more details and the complete report, visit Anoto’s website. Anoto is a Swedish technology company specializing in digital writing and drawing solutions and is traded on the Nasdaq Stockholm.



Read more at GlobeNewswire:: Interim Report January – June 2024