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INVISIO Interim Report January-June 2023: Continued strong order intake and a well-filled order book

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STOCKHOLM, July 21, 2023 /PRNewswire/ —

CEO comment

“The strong trend continues. The order intake was just over SEK 400 million, which is a record for an individual quarter. The current trend with high order intake and an order book of almost SEK 800 million, as well as a generally active market, means that we stand by previous statements concerning continued strong sales, order intake and profitability in 2023.”

April-June 2023          

  • Revenue: 298.8 m (153.7)
  • Gross profit: SEK 163.3 m (88.4)
  • Gross margin: 60.5 % (57.5)
  • EBITDA: SEK 60.5 m (3.4)
  • EBITDA margin: 22.4 % (2.2)
  • Operating profit/loss: SEK 45.4 m (-8.3)
  • Operating margin: 16.8 % (-5,4)
  • Profit/loss for the period: SEK 27.3 m (-7.3)
  • Earnings per share: SEK 0.60 (-0.16)
  • Cash flow from operating activities SEK 85.9 m (8.1)
  • Order intake: SEK 402.2 m (157.7)
  • Order book: SEK 790.3 m (481.7)

January-June 2023           

  • Revenue: SEK 581.2 m (291.1)
  • Gross profit: SEK 357.9 m (170.4)
  • Gross margin: 61.6 % (58.5)
  • EBITDA: SEK 157.1 m (11.2)
  • EBITDA margin: 27.0 % (3.8)
  • Operating profit/loss: SEK 129.3 m (-12.1)
  • Operating margin: 22.2 % (-4.2)
  • Profit/loss for the period: SEK 87.3 m (-11.7)
  • Earnings per share: SEK 1.92 (-0.26)
  • Cash flow from operating activities SEK 166.2 m (11.5)
  • Order intake: SEK 717.2 m (554.2)
  • Order book: SEK 790.4 m (481.7)

Important events in the quarter            

  • For the first time the order intake exceeded SEK 400 million in an individual quarter and rolling twelve-month sales SEK 1 billion.
  • INVISIO received its largest order ever, worth SEK 130 million, from the US Department of Defense.
  • The company received an order worth SEK 90 million from a European NATO country.
  • INVISIO launched a new generation of the V60 control unit, which enables data traffic, giving enhanced user functionality and flexibility.

Important events after the quarter            

  • There are no important events after the quarter to report.

For additional information, please contact:
Lars Højgård Hansen, CEO, INVISIO 
Mobile: +45 5372 7722  |  E-mail: [email protected]

Thomas Larsson, CFO, INVISIO
Mobile: +45 5372 7735  |  E-mail: [email protected]

Invitation to conference call 

INVISIO invites the media, investors and analysts to a conference call on Friday, July 21, at 10:00 CEST, when the President and CEO Lars Højgård Hansen will present INVISIO’s report for the first half of 2023.

The conference call will be held in English, starting with a brief presentation followed by a question-and-answer session. A link will be published on INVISIO’s website to a recording and the presentation shown, about an hour after the end of the conference call.

Registration

Pre-registration is required in order to participate and put questions at the conference call. After registration a telephone number and conference ID will be provided. Please complete registration 5–10 minutes prior to the scheduled starting time to facilitate a timely start to the conference call.

Registration link

https://events.inderes.se/teleconference/?id=100368

Audiocast

To follow the presentation online, please use the link below:

https://invisio.videosync.fi/2023-07-21-q2-2023

For further information, please contact:

Michael Peterson, Director IR & Corporate Communication, INVISIO
Mobile: +45 5372 7733 | E-mail: [email protected]

This information is information that INVISIO AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation. The information was released for public disclosure, through the agency of the CEO, on July 21, 2023, 08:30 (CEST).

About INVISIO AB (publ)
INVISIO develops and sells advanced communication systems with hearing protection that enable professionals in noisy and mission critical environments to communicate and operate effectively. The company operates under two brands, INVISIO and Racal Acoustics, combining insights in acoustics and human hearing with broad engineering know-how in software, materials technology and interface. Sales are via the headquarters in Copenhagen and sales offices in the USA, France, the UK, Italy and Thailand, as well as via a global network of partners and resellers. INVISIO’s registered office is in Stockholm, Sweden, and the company’s share is listed on Nasdaq Stockholm (IVSO). Read more at www.invisio.com.

The following files are available for download:

https://mb.cision.com/Main/17798/3807793/2198066.pdf

INVISIO Interim report January-June 2023

View original content:https://www.prnewswire.co.uk/news-releases/invisio-interim-report-january-june-2023-continued-strong-order-intake-and-a-well-filled-order-book-301882820.html

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Blockchain

Binance Announces Adjustment of Tick Size for Spot Trading Pairs

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Binance, a leading cryptocurrency exchange, has announced adjustments to the tick size (the minimum change in the unit price) of specific spot trading pairs. These adjustments are aimed at enhancing market liquidity and improving the overall trading experience for users. The changes are scheduled to be completed by 05:00 (UTC) and 07:00 (UTC) on May 23, 2024.

Traders can find details about the tick sizes of all spot trading pairs on Binance in the platform’s Trading Rules. Importantly, the adjustment will not impact spot trading and related functionalities. API users will also observe changes in the tick size, and they can stay updated with the latest tick size using the GET /api/v3/exchangeInfo endpoint. Additional details and updates can be found in the API Changelog.

Existing spot orders will not be affected by the tick size update. Orders placed before the update will continue to be matched with the original tick size. However, traders are advised to adjust their trading strategies accordingly to avoid any unnecessary impact on their trading activities.

Binance emphasizes the importance of referencing the English version of the announcement for the most accurate and up-to-date information, as there may be discrepancies in translated versions. The exchange remains committed to providing a seamless trading experience and appreciates the support of its users. Users are reminded to exercise caution and make informed decisions when trading on the platform.

Source: blockchain.news

The post Binance Announces Adjustment of Tick Size for Spot Trading Pairs appeared first on HIPTHER Alerts.

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Blockchain

OKX Announces Support for New USDC Spot Trading Pairs

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According to an official announcement released on May 16, 2024, OKX will introduce new USDC trading pairs in the spot trading section between 7:00 am and 8:00 am UTC on May 20, 2024. This addition aims to broaden trading options for OKX users and contribute to the expanding USDC ecosystem.

In light of the risks associated with digital asset trading, OKX has issued a cautionary note to all users. They emphasize that information provided by OKX and third parties is for informational and educational purposes only. OKX does not guarantee the accuracy or completeness of any information and does not provide financial, investment, or other forms of advice.

OKX highlights the speculative nature and high volatility of digital assets, cautioning that they may become illiquid at any time, potentially resulting in the loss of the entire investment. Therefore, OKX advises users to conduct thorough research and assess their risk tolerance before engaging in digital asset trading.

For inquiries regarding the new USDC spot trading pairs or any other concerns, users can contact OKX through their support center or engage with the OKX team on various platforms. OKX’s proactive approach in addressing user inquiries and fostering community interaction underscores its commitment to user satisfaction and the overall growth of the crypto ecosystem.

Source: blockchain.news

The post OKX Announces Support for New USDC Spot Trading Pairs appeared first on HIPTHER Alerts.

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Blockchain

ShibaSwap rolls out major upgrade, moves to Shibarium

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ShibaSwap, the decentralized exchange (DEX) affiliated with the Shiba Inu ecosystem, has announced a significant upgrade by migrating to the Shibarium blockchain. This move is expected to introduce a range of new utilities for users, as stated in a recent press release.

The upgrade includes features such as a revamped dashboard, enhanced user experience, discovery charts for trending tokens, and an improved process for onboarding new tokens onto the DEX.

Lead developer Shytoshi Kusama expressed enthusiasm for the upgrade, highlighting its potential to empower DEFI innovators and facilitate community token interaction on Shibarium. Kusama also invited the community to explore the new swap and encouraged existing Shibarium tokens to transition to the platform seamlessly, while assuring that further updates are in the pipeline.

A portion of transaction fees will be utilized to enhance liquidity pool (LP) value in swap transactions, benefiting users and the yield farming community, according to the press release.

The upgrade rollout will prioritize enhancing discovery and can be expected to include more regular updates and upgrades, as noted by fellow developer and contributor Kaal.

The upgrade aims to minimize gas fees and ensure faster transactions, in addition to supporting various segments of the Shiba Inu Ecosystem, including $SHIB and $LEASH tokens, SHEboshis DN-404 tokens, SHIB The Metaverse, ShibaSwap DEX, and the Shiba Eternity game.

Shibarium’s layer 2 mainnet, launched in August 2023, saw the creation of 21 million wallets and was trialed by millions of users. It introduced a new consensus mechanism called proof-of-participation (PoP), which selects validators based on their holdings of the associated cryptocurrency.

As of the latest data, the price of SHIB stands at $0.0002548, reflecting an almost 7% increase in the last 24 hours, with SHIB being the 11th largest in terms of market cap, according to CoinMarketCap.

Source: cointelegraph.com

The post ShibaSwap rolls out major upgrade, moves to Shibarium appeared first on HIPTHER Alerts.

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