BoMill Q2 Report April – June 2023
24 August 2023, 08:30 CET
BoMill AB (”BoMill” or the “Company”) hereby publishes the Interim Report for the period April 1 – June 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.
Successful first installations of BoMill InSight™ paves way for commercial expansion
CEO Andreas Jeppsson comments:
“Another important milestone reached for BoMill, during this second quarter 2023, with the first two commercial installations of BoMill InSight™.“
Net sales and income for the second quarter (April – June 2023)
- Net sales amounted to KSEK 5 316 (KSEK 0).
- Net income after financial items amounted to KSEK -2 459 (KSEK -6 415).
- Net income per net weighted average share amounted to SEK -0,05 (SEK -0,25).
- Cash flow during the second quarter amounted to KSEK 14 498 (KSEK 15 507).
- Orders received as of June 30, 2023, amounted to MSEK 1,0 (MSEK 2,8).
- As of June 30, 2023, cash and cash equivalents amounted to KSEK 21 629 (KSEK 25 311).
Net sales and income for the first six months (January – June, 2023)
- Net sales amounted to KSEK 5 371 (KSEK 452).
- Net income after financial items amounted to KSEK -6 415 (KSEK -11 701).
- Net income per net weighted average share amounted to SEK -0,17 (SEK -0,57).
- Cash flow during the period amounted to KSEK 6 985 (KSEK 10 769).
- Orders received during the period amounted to MSEK 1,0 (MSEK 2,8).
Highlights during the second quarter
- BoMill InSight™ showcased at IAOM Expo in Minneapolis (USA) on April 17-21 (Press release April 3, 2023)
- On April 6, in accordance with the proposals from the Board of Directors, the extraordinary general meeting approved a reduction of the share equity by 9 305 814 SEK, new Articles of Association and a share issue of 21,9 MSEK with preferential rights, with a subscription period between April 19 and May 3.
- On May 8, BoMill announced that the share issue, ended on May 3, was fully subscribed. Following registration to the Swedish Companies Registration Office, the registered share capital amounts to 27 917 442 SEK divided into 93 058 140 shares with a quota value of 0,30 SEK.
- On May 23, BoMill 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.
- 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. (Press release May 30, 2023)
- On June 27, BoMill entered into a distribution agreement with Tripette & Renaud for the French market.
Highlights after the end of the period
- On August 3, BoMill announced that two BoMill InSight™ were successfully installed and now in operation, a third installation is scheduled for later this year.
BoMill Q2 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
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BoMill announces that the Rights Issue is registered and the last day of trading in BoMill's BTA is June 10, 2024
5 June 2024
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.
BoMill AB (the "Company" or "BoMill") announces that the rights issue of new shares with preferential rights for the shareholders was resolved by the ordinary general meeting April 12, 2024 and whose outcome was announced by the Company through a press release on May 15, 2024 (the "Rights Issue"), is now registered with the Swedish Companies Registration Office and the paid subscribed shares ("BTA") will therefore be replaced with ordinary shares.
BoMill announces outcome of the wholly guaranteed Rights Issue
15 May 2024
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.
BoMill AB (the "Company" or "BoMill") announces hereby the outcome of the wholly guaranteed rights issue of shares with a subscription period ended on May 14, 2024 (the "Rights Issue").
The outcome of the Rights Issue shows that 26 962 308 shares were subscribed for with the support of subscription rights, corresponding to approximately 96.6 percent of the Rights Issue; and 8 289 101 shares were subscribed for without the support of subscription rights, corresponding to approximately 29.7 percent of the Rights Issue. In total, 35 251 409 shares were subscribed for with and without the support of subscription rights with an issue amount of SEK 21 150 845.40, corresponding to approximately 126.3 percent of the Rights Issue. Thus, the Rights Issue was oversubscribed, and no guarantee undertaking will be utilized. BoMill will receive a total issue amount of approximately SEK 16.8 million before transaction costs through the Rights Issue.