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BoMill Q3 Report July – September 2023

17 November 2023, 08:30 CET

BoMill AB (”BoMill” or the “Company”) hereby publishes the Interim Report for the period July 1 – September 30, 2023. The Interim Report is available as an attached file to this release and on BoMill’s website. Below is a summary of the report.

Focus on commercial development – new orders and strategic partnerships

CEO Andreas Jeppsson comments:

“A new order on BoMill InSight™ and new partnerships with leading companies expanding our distribution network in strategic markets, is the result of our intense commercial activities and the success of our first BoMill InSight™ installations.”

Net sales and income for the second quarter (July – September 2023)             

  • Net sales amounted to KSEK 0 (KSEK 88).
  • Net income after financial items amounted to KSEK -5 298 (KSEK -5 169).
  • Net income per net weighted average share amounted to SEK -0,06 (SEK -0,11).
  • Cash flow during the third quarter amounted to KSEK -5 920 (KSEK -6 314).
  • As of September 30, 2023, cash and cash equivalents in the Company amounted to KSEK 15 709 (KSEK 18 997).

Net sales and income for the first six months (January – September 2023)     

  • Net sales amounted to KSEK 5 371 (KSEK 540).
  • Net income after financial items amounted to KSEK -13 439 (KSEK -16 871).
  • Net income per net weighted average share amounted to SEK -0,21 (SEK –0,58).
  • Cash flow during the period amounted to KSEK 1 065 (KSEK 4 455).
  • Orders received during the period amounted to approximately MSEK 4,2 (MSEK 2,8).

Highlights during the third quarter

  • On August 3, BoMill confirmed the first installations of BoMill InSight™ are successful.
  • On September 7, BoMill announced a distribution agreement with Nexeed Inc. for the Canadian market.
  • On September 12, BoMill announced a distribution agreement with I.P. Global Tech & Machinery for the Mexican market.
  • On September 13, BoMill signed agreement with Baltijos Javai worth EUR 270 000

Highlights after the end of the period

  • On October 3, BoMill announced its forthcoming presence at Agritechnica
  • On October 20, BoMill announced the Nomination Committee for the 2024 Annual General Meeting.

BoMill Q3 report can be found on BoMill’s website (www.bomill.com/investors/reports)

For additional information about BoMill, visit www.bomill.com or contact:

Andreas Jeppsson, CEO | Phone: +46 (0)727 00 11 82 | E-mail: andreas.jeppsson@bomill.com

BoMill has developed and markets 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 is listed on Nasdaq Stockholm First North Growth Market under the ticker: BOMILL

Certified Adviser: Svensk Kapitalmarknadsgranskning AB - www.skmg.se

For more information about BoMill, please visit www.bomill.com

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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.

Today, Wednesday April 17, 2024, is the last day of trading in shares of BoMill AB (the “Company”) including the right to obtain subscription rights.

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