Freemelt Holding AB (publ) publishes the Interim report for October – December, Q4 and the full year 2023

20 Feb 2024 | Regulatory

Nasdaq First North-listed Freemelt – a deep-tech, green-tech company whose groundbreaking solutions create new conditions for rapid growth in 3D printing publishes the Interim report for October – December, Q4 and full year 2023.

 

Breakthrough agreement with Fortune 500 technology company
The most significant event in the fourth quarter of 2023 and one of the major milestones in Freemelt’s history to date is the breakthrough agreement for eMELT signed with a leading global Fortune 500 technology company. The two parties will integrate eMELT into the customer’s manufacturing process for industrial serial production of tungsten components, aiming to optimize productivity and cost per manufactured component.

Unique concept in place – One-of-a-Kind
During the period, Freemelt launched another model in the eMELT family, the eMELT-iD. Freemelt has a unique product and service offering supporting customers from material process, and application development to an efficient implementation of industrial serial production with 3D printing.

Continued interest in Freemelt ONE
During the period, Freemelt received an order and delivered a Freemelt ONE machine to IHI Europe Ltd. After the period, an order was received from The University of Sheffield for a Freemelt ONE machine.

Strategic collaboration with WEAREAM – eMELT-iD enables innovative serial production for the Italian manufacturing industry
In early February 2024, Freemelt entered into a strategic partnership with WEAREAM, Italy, aiming to accelerate 3D printing as a manufacturing technology for industrial serial production. Within the agreement, a eMELT-iD machine will be installed at WEAREAM’s facility, with the start of production in Q3 2024. This strategic partnership ensures that eMELT and the E-PBF technology (Electron Powder Bed Fusion) take another important step in establishing Freemelt and eMELT as the leading technology for innovative serial production of industrial applications.

Fourth quarter October – December and full-year 2023, Key figures

KSEK  Oct-Dec  Oct-Dec  Full year  Full year
  2023  2022  2023  2022 
         
Net sales  7 648  12 203  22 310  37 323 
Operating result  -19 364  -13 878  -84 024  -67 647 
Result after fin. items  -18 382  -13 868  -82 854  -67 593 
Balance sheet total  254 686  268 624  254 686  268 624 
Solidity 94%  96%  94%  96% 
Cash flow  -13 030  -2 864  23 052  -46 048 

February 21, 11 am CET, Freemelt’s CEO Daniel Gidlund and CFO Martin Granlund present significant events and key figures for the fourth quarter and full year 2023. The presentation is followed by a Q&A, moderated by Finwire.

You can find the link to the live webcast here: Freemelt Q4 webcast

The full report is available attached and here: Freemelt Financial Reports

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Latest update: 2024-02-20