2017 year end result released

Today, February 28, 2018 AcouSort released its 2017 Year-End financial report. Link to the full report in Swedish may be found hereAcouSort – Q4 2017 Report

Financial Highlights from the report are:

Twelve Months (2017-01-01 – 2017-12-31)

  • Revenues:                       2,594 (2,722) KSEK
  • Profits/Loss before tax:    -6,072 (-830) KSEK

Q4 only (2017-10-01 – 2017-12-31)

  • Revenues:                            784 (999) KSEK
  • Profit/Loss before tax:     -2,171 (-891) KSEK

(Amounts in brackets (  ) are 2016 numbers)

Other Q4 Highlights

  • 3 October: AcouSort releases a status update on ongoing projects including the decision to assemble 10 AcouTrap systems in-house
  • 14 November it is announced that AcouSort has agreed with OEM partner 3 to conduct a new feasibility study within veterinary applications of AcouSorts separation technology
  • 22 December a press release is announcing the agreement with OEM partner 1 on a non-binding term sheet outlining agreement on conditions for a Commercialization Agreement for commercializing AcouSort’s technology and the results of joint feasibility studies conducted
  • 19 January AcouSort released the news that a joint patent application with DTU in Denmark had been filed and all rights to the joint invention have been acquired from DTU.