Brief: Shape Robotics Receives Major Order, Raises 2023 Guidance

Shape Robotics A/S

08/06/2023 07:07

June 8 (Reuters) - Shape Robotics A/S  SHAPE.CO :
    * SHAPE ROBOTICS RECEIVES MAJOR ORDER AND RAISES THE
GUIDANCE FOR
2023
    * UPDATED 2023 GUIDANCE: REVENUE DKK 145 - 155 MILLION
    * UPDATED 2023 GUIDANCE : EBITDA (BEFORE ONE-OFF COSTS) DKK
4-6
MILLION
    * SHAPE ROBOTICS AND NETWORK ONE DISTRIBUTION (NOD) HAS
AGREED TO
SIGNIFICANTLY INCREASE EXISTING FRAMEWORK AGREEMENT BETWEEN
PARTIES
    * AGREEMENT SPANS OVER NEXT 18 MONTHS AND IS VALUED AT 30
MILLION
EUROS (APPROX. DKK 223 MILLION) AS MINIMUM TOTAL PURCHASES IN
TIME SPAN
    * AGREEMENT WILL BE TRANSLATED INTO A SERIES OF PURCHASE
ORDERS
THROUGHOUT 2023 AND 2024, WITH INITIAL DELIVERIES EXPECTED TO
AMOUNT TO 3 MILLION EUROS IN JUNE (EQUIVALENT TO DKK 22 MILLION)
    * FRAMEWORK AGREEMENT ALONE IS EXPECTED TO CAPTURE A
SIGNIFICANT
PART OF SHAPE ROBOTICS' PROJECTED REVENUE AND RESULTS FOR 2023

Source text for Eikon:  ID:nWkrccXVyz 
Further company coverage:  SHAPE.CO 

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