Brief: Artificial Solutions International Q1 Order Intake Up At SEK 19.5 Mln

Teneo AI AB

18/05/2020 06:40

May 18 (Reuters) - Artificial Solutions International AB
 ASAIN.ST :
    * QUATERLY REPORT JANUARY TO MARCH 2020
    * Q1 NET SALES TOTALLED 15.3 MSEK (12.6)
    * Q1 ORDER BACKLOG INCREASED TO 56.3 MSEK (40.8)
    * Q1 ORDER INTAKE SEK 19.5 MILLION VERSUS SEK 16.8 MILLION
YEAR
AGO
    * Q1 ADJUSTED EBITDA LOSS SEK 25.1 MILLION VERSUS LOSS SEK
27.7
MILLION YEAR AGO
    * COMPANY REMAINS CONFIDENT IT WILL ACHIEVE ORDER INTAKE
GROWTH IN
LINE WITH OR IN EXCESS OF ITS MARKET IN GENERAL
    * OMPANY ALSO REMAINS CONFIDENT THAT COMPANY WILL ACHIEVE A
RUN
RATE GROSS MARGIN OF 70% BY END OF FINANCIAL YEAR
    * COMPANY ALSO BELIEVES THAT USAGE REVENUES WILL EXCEED 80%
OF
TURNOVER BY END OF 2022

Source text for Eikon:  ID:nWkr4h9NFT 
Further company coverage:  ASAIN.ST 

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