Exhibit 99.1
Consolidated statement of comprehensive income
For the six months ended June 30:
kEUR | 2023 | 2022 | ||||||
Continuing operations | ||||||||
Revenue | 38,276 | 9,431 | ||||||
Cost of sales | -38,807 | -14,255 | ||||||
Gross profit (loss) | -531 | -4,824 | ||||||
Research and development expenses | -1,659 | -1,030 | ||||||
Selling and general administrative expenses | -16,284 | -12,706 | ||||||
Impairment losses on trade receivables and contract assets | -596 | -141 | ||||||
Other income | 1,913 | 7,080 | ||||||
Other expenses | -2,835 | -384 | ||||||
Operating result | -19,992 | -12,005 | ||||||
Finance income | 136 | 5,023 | ||||||
Finance expenses | -10,936 | -161 | ||||||
Net finance result | -10,800 | 4,862 | ||||||
Result before tax | -30,792 | -7,143 | ||||||
Income tax benefits (expenses) | 1,999 | -166 | ||||||
Result for the period | -28,793 | -7,309 | ||||||
Other comprehensive income | ||||||||
Items that are or may be reclassified subsequently to profit or loss | ||||||||
Foreign operations – foreign currency translation differences | 51 | 43 | ||||||
Other comprehensive income for the period, net of tax | 51 | 43 | ||||||
Total comprehensive income for the period | -28,742 | -7,266 | ||||||
Profit (loss) attributable to: | ||||||||
Shareholders of the parent | -28,793 | -7,309 | ||||||
Non-controlling interests | - | - | ||||||
Total comprehensive income attributable to: | ||||||||
Shareholders of the parent | -28,742 | -7,266 | ||||||
Non-controlling interests | - | - | ||||||
Earnings (loss) per share (in EUR) | - | - | ||||||
Diluted | -0.59 | -0.15 | ||||||
Basic | -0.59 | -0.15 |
Due to rounding, the sum of the numbers presented in the table above might not precisely equal the totals we provide.
As of June 30, 2023, foreign currency gains are presented as part of other operating income and foreign currency losses as part of other operating expenses. As of June 30, 2022, foreign currency gains had been presented as part of finance income whereas foreign currency losses had been presented as part of finance expense. Therefore, prior year figures have been adjusted accordingly to reflect the adjustment in presentation.
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Consolidated statement of financial position
ASSETS | Jun. 30, | Dec. 31, | ||||||
kEUR | 2023 | 2022 | ||||||
Intangible assets | 23,514 | 22,059 | ||||||
Right-of-use assets | 3,572 | 3,366 | ||||||
Property, plant, and equipment | 6,161 | 5,390 | ||||||
Other investments (non-current) | 245 | 3,373 | ||||||
Trade and other receivables (non-current) | 4 | 4 | ||||||
Deferred tax assets | - | - | ||||||
Non-current assets | 33,496 | 34,192 | ||||||
Inventories | 61,682 | 53,137 | ||||||
Contract assets | - | 6 | ||||||
Trade and other receivables (current) | 26,860 | 17,666 | ||||||
Cash and cash equivalents | 13,964 | 34,441 | ||||||
Current assets | 102,506 | 105,250 | ||||||
Total assets | 136,002 | 139,442 |
EQUITY AND LIABILITIES | Jun. 30, | Dec. 31, | ||||||
kEUR | 2023 | 2022 | ||||||
Share capital | 4 | 4 | ||||||
Capital reserves | 217,292 | 216,815 | ||||||
Other equity | 95 | 45 | ||||||
Retained earnings | -136,117 | -117,211 | ||||||
Profit (loss) | -28,793 | -18,906 | ||||||
Equity attributable to owners of the Company | 52,481 | 80,747 | ||||||
Non-controlling interests | - | - | ||||||
Total equity | 52,481 | 80,747 | ||||||
Lease liabilities (non-current) | 2,849 | 2,635 | ||||||
Warrant liabilities (non-current) | 14,138 | 2,439 | ||||||
Trade and other payables (non-current) | 171 | 150 | ||||||
Contract liabilities (non-current) | 101 | 138 | ||||||
Other provisions (non-current) | 7,754 | 6,719 | ||||||
Deferred tax liabilities | 2,227 | 4,241 | ||||||
Non-current liabilities | 27,240 | 16,322 | ||||||
Lease liabilities (current) | 856 | 842 | ||||||
Loans and borrowings (current) | 10,872 | - | ||||||
Tax liabilities | 190 | 190 | ||||||
Trade and other payables (current) | 19,752 | 15,702 | ||||||
Contract liabilities (current) | 22,686 | 23,583 | ||||||
Other provisions (current) | 1,925 | 2,056 | ||||||
Current liabilities | 56,281 | 42,373 | ||||||
Total liabilities | 83,521 | 58,695 | ||||||
Total equity and liabilities | 136,002 | 139,442 |
Due to rounding, the sum of the numbers presented in the table above might not precisely equal the totals we provide.
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