HALF YEAR REPORT JANUARY - JUNE 2016
Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO), a world leader in
intelligent lighting technology for controlled environments horticulture,
presents their Half Year Report for 2016 today.
Turnover and profit/loss January - June
Net turnover amounted to 9 868 (3,977) KSEK.
Operating profit/loss amounted to -20 153 (-14,104) KSEK
Profit/loss after tax was -20 238 (-14,237) KSEK or -1 (-1) SEK per share.
Significant events
January - March
Redeye releases a Company Report on Heliospectra entitled "LED Lightning
Strikes Growers"
Heliospectra (publ) receives a grant of 500,000 SEK for the development of
energy & water- efficient plant cultivations in the Middle East
Heliospectra carries out high-level recruitment of leading industry manager in
the United States, Caroline N Wells
Heliospectra receives an order worth 2.2MSEK from Washington State based grower
Heliospectra wins a new order in Canada worth 650,000 SEK
April - June
Scandinavian microalgae producer selects Heliospectras LX60 LED grow light
system, the order is valued at 1,4MSEK
Heliospectra announces water-cooled LED light for commercial use - first
application to be carried out in space
Heliospectra present new findings at the 8th International Symposium on Light
in Horticulture
Heliospectra participate in GreenTech 2016, one of the largest horticulture
exhibitions in the world
The Grove Nevada experiences exceptionally positive results by using
Heliospectras LED grow lights
Heliospectra receives an order worth 4.6MSEK from a large international Ag-tech
company Events after the end of the period
Heliospectra receives an order from a Cannabis grower in Alaska
A Word From the CEO
Dear shareholders of Heliospectra AB (publ),
As we sum up the first half of the year during the summer months we are able to
deliver the positive news that we have increased our turnover with almost 150%
compared to the previous year. In addition to this we ended the latest quarter
by receiving an order for 4.6MSEK from a large international AGTech company,
which is further evidence of our ongoing expansion. More positive news is that
our gross profit continues to increase and is now over 30%.
All of our marketing efforts have been fruitful. We have established a powerful
team in the United States - covering sales and marketing together with support
for cultivation technology and competence - which is working successfully with
the Sweden based team.
When we measure all of our sales and marketing events and compare them to the
past year we can see clearly that the amount of potential customers and deals
have increased considerably. On one hand it is true that larger deals have a
tendency to take more time, but at the same time we have noted that we are
loosing less deals. And when that does happen it is usually due to the customer
choosing to continue with traditional HPS lights.
Otherwise the trend distinctly shows that currently the medicinal cannabis
market is increasing the strongest right now, this due to most customers
setting up entirely new installations. The greenhouse market is overall larger
but the actors often have existing investments that need to be written off,
which means that there are fewer new installations short-term. Conversely we
can see increased activity in both vertical farming and automation, areas where
our systems fit in very well and we have already successfully established
ourselves. Moreover we shouldnt underestimate the Ag-tech market, comprised of
companies, institutes and universities, which is highlighted by the 4,6MSEK
order we recently received.
These three market segments are closing in on each other. We can see this for
example through staff moving freely between the segments and passing their
knowledge forward. An effect of this is that the greenhouse industry have begun
to cultivate more and more indoors, while growers of medicinal cannabis have
begun to cultivate in greenhouses. This is good news for those of us with
products that thrive in all of these areas and are also adapted for automation
and connections with intelligent systems.
A growing market also opens up the door for competition. Among the competitors
we now include larger companies such as Phillips and Gavita. Heliospectra
stands strong against them - especially since we are one of the few smaller
players that act professionally with long-term objectives on the international
market. It is clear that our customers appreciate this. Our customers often
visit us and evaluate us as a company while they survey our manufacturing and
delivery capacity. We usually pass these evaluations with flying colors. Being
listed generates both transparency and legitimacy, which together with a solid
ownership structure provides us with a strong vote of confidence.
Overall we confidently look to the future and are truly appreciative for the
support from our shareholders.
Staffan Hillberg, CEO Heliospectra AB (publ)
For the full report: http://ir.heliospectra.com/se/finansiella-rapporter/
http://ir.heliospectra.com/se/finansiella-rapporter/
END.
GOTHENBURG, Sweden/SAN FRANCISCO, CA, August 26, 2016
Investor Relations:
Staffan Hillberg, CEO of Heliospectra |
+46 (0)708 36 59 44
staffan.hillberg@heliospectra.com mailto:staffan.hillberg@heliospectra.com
Michael Swartz, Senior Analyst | Viridian Capital Advisors, LLC |
+1 212-333-0257 |
mswartz@viridianca.com mailto:mswartz@viridianca.com
G&W is Heliospectras Certified Advisor for Nasdaq First North -
www.gwkapital.se http://www.gwkapital.se
www.heliospectra.com http://www.heliospectra.com
The following documents can be retrieved from beQuoted
Heliospectra Pressrelease 2016-08-26 English.pdf -
http://www.bequoted.com/beQPress/download.asp?Id=18608
Heliospectra Half Year Report 2016 English.pdf -
http://www.bequoted.com/beQPress/download.asp?Id=18609
About Heliospectra AB
Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO) (www.heliospectra.com
http://www.heliospectra.com ) specializes in intelligent lighting technology
for plant research and greenhouse cultivation. The Companys lighting system
provides an effective and durable technology for cultivating greenhouse and
indoor plants by combining several different groups of versatile light emitting
diodes (LEDs) with optics, remote sensing techniques, and a robust heat
dissipation solution. This proprietary setup gives growers the ability to
control the intensity and wavelengths of the light emitted, creating a spectrum
specifically adjusted to different plant species and growth stages to better
facilitate photosynthesis. The complete, highly-engineered lamp produces crops
that look better, taste better, and have a longer shelf-life than those grown
under HID lamps. The technology not only reduces energy consumption by up to
50%, but also helps stimulate growth characteristics and improve plant quality.
Other benefits include reduced light pollution, lower mercury use due to the
avoidance of traditional HID/HPS bulbs, and less HVAC investment and monthly
expense requirements.
Heliospectra products are based on in-depth knowledge in plant physiology and
photosynthesis along with a unique way to utilize modern LED technology. After
six years of development in Sweden, the company has now begun to expand into
the international market. The company has raised more than $ 21 million in
capital and has received more than $2.6 million through academic scholarships
and grants. It has also received numerous awards for its forward thinking
technology. Principal owners: Weland Steel www.welandstal.se
http://www.welandstal.se , Swedish Industrial Fund www.industrifonden.se
http://www.industrifonden.se , Midroc www.midroc.se http://www.midroc.se ,
Avanza Pension www.avanza.se http://www.avanza.se .
Forward-Looking Statements
The statements in this press release constitute forward-looking statements
within the meaning of federal securities laws. Such statements are based on our
current beliefs and expectations and are inherently subject to significant
business, economic and competitive uncertainties and contingencies, many of
which are beyond our control. In addition, such forward-looking statements are
subject to assumptions with respect to future business strategies and decisions
that are subject to change. Potential risks and uncertainties include, but are
not limited to, technical advances in the industry as well as political and
economic conditions present within the industry. We do not take any obligation
to update any forward-looking statement to reflect events or developments after
a forward-looking statement was made.
This information is information that Heliospectra AB (publ) is obliged to make
public pursuant to the EU Market Abuse Regulation. The information was
submitted for publication, through the agency of the contact person set out
above, at 08.00 CEST on August 26, 2016.
