BoMill Q1 Interim Report, January – March 2022

20 April 2022, 10:30 CET

BoMill AB (”BoMill” or the “Company”) hereby publishes the Interim Report for the period January 1 – March 31, 2022. 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:

“The first quarter has been eventful. A new share issue was proposed to secure the finalization of the development and launch of our new generation grain sorting equipment later in 2022. I am happy to conclude that our high level of commercial activities has resulted in an order from grain processing company Gl. Buurholt at the start of the second quarter.”

Net sales and income for the first quarter (January – March, 2022)

Net sales amounted to KSEK 452 (KSEK 42).
Net income after financial items amounted to KSEK -5 286 (KSEK -5 178).
Net income per net weighted average share amounted to SEK -0,34 (SEK -0,43).
Cash flow during the first quarter amounted to KSEK -4 738 (KSEK -8 017).
As of March 31, 2022, cash and cash equivalents in the Company amounted to KSEK 9 804 (KSEK 17 329.)

Highlights during the first quarter

On March 8, the Board of directors proposed a new share issue with preferential rights amounting to MSEK 23,3.
On March 8, there was a call for an extraordinary general meeting on April 8 with decisions regarding the proposed new share issue

Highlights after the end of the period

On April 1, BoMill announced an order of MSEK 2,8 from Gl. Buurholt, a leading Danish mobile grain processor. The equipment is scheduled to be delivered in Q1 2023.
On April 8, in accordance with the proposals from the Board of Directors, the extraordinary general meeting approved a reduction of the share equity to 7 754 845 SEK., new Articles of Association and a share issue of 23,3 MSEK with preferential rights. The subscription period starts April 28 and ends May 12. Trade in subscriptions rights will be made during April 28 and May 9.

Documents

For more information about BoMill, please contact:

Andreas Jeppsson, CEO

Phone: +46 727 001 182

E-mail: andreas.jeppsson@bomill.com

Certified Adviser: Svensk Kapitalmarknadsgranskning AB

Phone: +46 11 32 30 732

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 appoints Hansi Biedermann as Business Development Manager

30 May 2023

Non regulatory

BoMill AB (publ) announces the appointment of Hansi Biedermann to the newly established role of Business Development Manager. He assumes the position from May 12, 2023 and is part of the Operation Management Team.

BoMill signs agreement of 1.0MSEK with global grain processor

23 May 2023

Regulatory

BoMill AB has signed an agreement worth approximately 1.0 MSEK, with a leading multinational grain processing company. The agreement is part of a project evaluating BoMill InSight™ and covers a six-month rental period.

Communiqué from Annual General Meeting in BoMill AB

11 May 2023

Regulatory

Idag, den 11 maj 2023, hölls årsstämma i BoMill AB (publ), 556556-4332. Nedan följer en sammanfattning av de beslut som fattades. Samtliga beslut fattades med erforderlig majoritet.

Today, May 11, 2023, the Annual General Meeting of BoMill AB (publ), 556556-4332, was held. Below is a summary of the decisions made. All decisions were made by the required majority.

See all news and releases