Overview
Sweden fuel cell plate maker's Q1 net sales rose yr/yr, but operating loss persisted
Company improved cash position via rights issue and new European electrolyzer agreement
Cost control measures contributed to reduced operating loss compared to prior year
Outlook
Cell Impact says it remains dependent on increasing cash generation from operations in coming quarters
Company sees Asia as the geographic market with the strongest demand currently
Cell Impact continues to focus on business expansion and future high-volume production
Result Drivers
COST CONTROL - Co said high cost awareness and operational adaptation helped reduce operating loss
GEOGRAPHIC DEMAND - Co said Asia was the geographic market with the strongest demand in the quarter
Company press release: ID:nWkrh1RMp
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 2.20 mln
Q1 Adjusted EPS
-SEK 0.05
Q1 EBIT
-SEK 16.60 mln
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)