IVISYS AB announces profitable January 2018

IVISYS AB announces profitable January 2018

Press release
IVISYS AB
556998-4981
8 February 2018

Today, 8 February 2018, IVISYS AB (‘IVISYS’) announces that January 2018 was a profitable month for IVISYS ApS (the operative unit of IVISYS). The unaudited result is an EBIT of 705 TSEK and a revenue of 1.4 MSEK for January, resulting from primarily two previously published orders.

IVISYS ApS has experienced a profitable month in January 2018, with incoming revenue of 1.4 MSEK during the month. The number is significant when compared to the unaudited revenue for the whole of 2017, which is 2.4 MSEK. Thus, the January 2018 revenue equals 58 % of 2017’s revenue.

The January 2018 result is a consequence of orders previously published.

CEO Jakob Kesje comments

‘Both of these orders were based on thorough screening processes by the customers, ensuring that IVISYS were able to meet their very high quality standards. It is very pleasing that we are able to help companies that are already known to be best-in-class to lift their ability to deliver flawless products to an unprecedented level. In addition, it is also satisfying to be able to report that we saw a substantial result impact from our orders during January. The positive result provides a good base for what could become our first profitable quarter,’ says Jakob Kesje.

For further information:

Jakob Kesje, CEO IVISYS AB
Phone: +46 (0) 763 111 911
E-mail: jk@ivisys.com

Certified Adviser

Sedermera Fondkommission is Certified Adviser to IVISYS.

This information is information that IVISYS AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above on 8 February 2018.

About IVISYS

IVISYS provides vision-based quality inspection solutions for industry, which can replace both manual and mechanical quality control. IVISYS’ unique patented solutions make it possible to perform complex quality control while keeping the existing production flow unaffected. Unlike existing solutions, IVISYS’ approach makes it possible to perform complex surface controls, control measurements on the micron level and control multiple components in one instant process. The solutions are based on IVISYS’ patented image data processing, which differs fundamentally from the conventional processes used within vision systems today. IVISYS is capable of utilising high-resolution cameras in the company’s image processing, while at the same time processing image information faster than the company’s competitors. The solutions offered, have an average payback period of approximately six months for customers currently relying on mechanical or manual control.

IVISYS is the winner of Frost & Sullivan’s 2017 Entrepreneur of the Year in Europe Award.