2016 year end result released – Revenues grow 73%

Today, February 28, 2017 AcouSort released its 2016 Year-End financial report. Link to the full report in Swedish may be found here: Bokslutskommuniké 2016

Financial Highlights from the report are:

Twelve Months (2016-01-01 – 2016-12-31)

• Revenues:                       2,722 (1,575) KSEK
• Profits/Loss before tax:    -830 (-298) KSEK

Q4 only (2016-10-01 – 2016-12-31)

• Revenues:                            999 (267) KSEK
• Profit/Loss before tax:     -881 (-235) KSEK

(Amounts in brackets (  ) are 2015 numbers)

Other Q4 Highlights

• October: Sale of first commercial AcouTrap system to large life science player
• 21 November: AcouSort is accepted for listing at AktieTorget
• 22 November: The memorandum related to the IPO is published and the subscription period is initiated
• 6 December: The subscription period is concluded and the SEK 11M emission is subscribed 695%
• December: AcouSort is invited to exhibit its novel AcouTrap platform at the Innovation AveNEW at SLAS2017 in Washington DC, February 2017