Skip to main contentSkip to navigationSkip to search
Logotype

BoMill Q1 Report, January – March 2021

6 May 2021, 11:03 CET

BoMill AB (”BoMill” or the “Company”) hereby publishes the Interim Report for the period January 1 – March 31, 2021. The Interim Report is available as an attached file to this release and on BoMill’s website. Below is a summary of the report.

CEO Andreas Jeppsson comments:

“During the first quarter, we maintained momentum in terms of building a stronger marketing and sales organization, while continuing work on our ongoing development projects. All of this will be important as we now advance our efforts to implement an updated business strategy, with an increased focus on key segments such as the brewing industry.”

Net sales and income for the first quarter (January – March 2021)                      

  • Net sales amounted to KSEK 42 (KSEK 36).
  • Net income after financial items amounted to KSEK -5 178 (KSEK -5 389).
  • Net income per share amounted to SEK -0,43 (SEK -130,52).
  • Cash flow during the first quarter amounted to KSEK -8 017 (KSEK -3 137).
  • As of March 31, 2021, cash and cash equivalents in the Company amounted to KSEK 17 329 (KSEK 1 081).

Highlights during the first quarter                       

  • On January 26, 2021, BoMill announced that the Company had signed an agreement with Lilla Harrie Valskvarn AB to test the Company’s updated sorting technology, which is based on the TriQ model.
  • On January 27, 2021, the Extraordinary General Meeting in BoMill resolved on a directed issue of 330,000 warrants. The warrants entitle rights for the founder, Bo Löfqvist , and Managing Director Andreas Jeppsson to subscribe for new shares in the Company.
  • On March 19, 2021, BoMill published its Year-End Report for the period January 1 – December 31, 2020. The report is available on BoMill’s website.

Recruitments during the first quarter

  • BoMill appointed a new Chief Technical Officer (CTO), who will join the Company from June 1.

  • BoMill appointed a new Global Marketing Manager, starting from March 1.

Highlights after the first quarter                         

  • On April 6, 2021, BoMill sent out a notice to the Company’s AGM on May 6, 2021.
  • On April 12, 2021, BoMill announced the recruitment of a new Chief Financial Officer (CFO), Per Heander. Per Heander has over two decades experience from the venture capital segment. He will join BoMill as CFO on May 6, 2021.
  • On April 15, 2021, BoMill published the Annual Report for the fiscal year 2020. The Annual Report is available on BoMill’s website.

 

For more information about BoMill, please contact:

Andreas Jeppsson, CEO

Phone: +46 (0) 727 001 182

E-mail: andreas.jeppsson@bomill.com  

 

Certified Adviser: Svensk Kapitalmarknadsgranskning AB

Phone: +46 70 755 95 51

E-mail: ca@skmg.se


 

BoMill has developed and is marketing a patented technology for sorting grain on a commercial scale, based on the internal qualities of each kernel. The method is the only one of its kind on the market today and is estimated to have the potential to become a Golden Standard within the industry. The Company operates in several markets and has sold sorting equipment to a number of reputable companies in the grain industry. For more information about BoMill, please visit www.bomill.com.

Latest news and releases

BoMill Annual Report 2023

20 March 2024

Regulatory

The Board of Directors and CEO of BoMill AB (“BoMill”) hereby publish the Annual Report for the fiscal year 2023.

Notice of Annual General Meeting in BoMill AB (publ)

12 March 2024

Regulatory

The shareholders of BoMill AB with company registration number 556556-4332 (“BoMill”) are hereby summoned to annual general meeting on Friday 12 April 2024, at 10.00 am at BoMill’s premises on Gottorpsvägen 58 A, 218 45 Vintrie. Convening notice will also be made by advertising in the Swedish National Gazette, and in the Svenska Dagbladet advertising will be made that a summons has been made. In addition, the convening notice is kept available in its entirety on BoMill's website www.bomill.com.

BoMill Board of Directors proposes a secured new share issue of maximum SEK 16.8 million to take the next step in further scaling up the commercialization of BoMill InSight

12 March 2024

Regulatory

THIS PRESS RELEASE IS NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR INTO AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, OR THE UNITED STATES OF AMERICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER ACTIONS. PLEASE REFER TO THE SECTION “IMPORTANT INFORMATION” BELOW.

The board of directors of BoMill AB (”BoMill” or the ”Company”) proposes a share issue with preferential rights for the shareholders to be resolved at the annual general meeting on 12 April 2024 (the “Rights Issue”). The Rights Issue provides the Company with a maximum amount of approximately SEK 16.8 million before transaction costs. Every holding of ten (10) existing shares entitles the right to subscribe for three (3) new shares at a subscription price of SEK 0.60 per share. The subscription period is proposed to be 25 April – 14 May 2024 with trading in the subscription rights during 25 April – 8 May 2024. The maximum dilution of shares and votes is approximately 23%.

See all news and releases