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For the three months ended 31 March 2019, Nuevolution AB (publ) revenues increased 70% to SEK14.1M. Net loss decreased 44% to SEK12M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Research and development expenses decrease of 15% to SEK20.7M (expense), Selling/General/Admin. Expense decrease of 7% to SEK6.5M (expense).
Period Ending: | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 |
---|---|---|---|---|
Total Revenue | 14.06 | 1.14 | 0.99 | 0.58 |
Gross Profit | ||||
Operating Income | -13.03 | -25.16 | -24.26 | -33.85 |
Net Income | -12.03 | -23.62 | -22.65 | -32.14 |
Period Ending: | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 |
---|---|---|---|---|
Total Assets | 142.45 | 134.29 | 156.15 | 186.39 |
Total Liabilities | 37.58 | 18.51 | 16.27 | 20.85 |
Total Equity | 104.87 | 115.78 | 139.88 | 165.53 |
Period Ending: | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 |
---|---|---|---|---|
Period Length: | 3 Months | 12 Months | 9 Months | 6 Months |
Cash From Operating Activities | -24.59 | -105.94 | -87.11 | -59.09 |
Cash From Investing Activities | -0.07 | -0.29 | -0.47 | -0.37 |
Cash From Financing Activities | -1.16 | 102.86 | 103.26 | 103.57 |
Net Change in Cash | -24.94 | -3.66 | 15.93 | 46.93 |
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