STOCKHOLM, May 8, 2020 /PRNewswire/ —

January – March 2020

Net sales totaled SEK 17,712 (11,670) thousand which corresponds to an increase of 52 %.

Operating loss totaled SEK -21,986 (-22,227) thousand, operating costs are significantly higher than last year and reflect the investments made to meet project deliveries within Automotive Solutions and the continued development of the new business area AIS (Applied Artificial Intelligence Systems). However, the positive sales trend during the quarter means that earnings are still at the same level as last year.

Profit/loss after financial items was SEK -22,105 (-22,293) thousand

Profit/loss after tax per share is negative.

Cash and cash equivalents totaled SEK 110,628 thousand at the end of March

In February, a design win was obtained for another Chinese OEM. The estimated order value is approximately

Read More At Article Source | Article Attribution