ADR Update: Milestones adding up
Thinfilm has reported Q315 results showing a 3.5% q-o-q decline in revenues and a 19.3% q-o-q increase in operating losses, mainly due to lumpy grant revenues and rising external development costs resulting from the ramp-up of production capacity. The key milestones during the quarter were Xerox’s announcement of the launch of Thinfilm labels, the placing of a pilot order by Diageo, and Ypsomed announcing its intention to use NFC OpenSense in autoinjectables. We see the potential for news of further new order inflows, progress in capacity expansion and in product development to further increase interest in the stock in coming quarters.Thin Film Electronics is an electronics group based in Norway. Co. is engaged in the development of printed electronics. Co. commercializes printed rewritable memory and creates printed system products that include memory, sensing, display and wireless communication. Co.'s products include memory labels, storing digital data on a thin, rewritable label; brand protection solutions, consisting of adhesive labels that generate a distinct forensic electrical signature; sensor labels, which sense information and store data; display labels, low cost display media to communicate the information stored in the ThinFilm Memory; and NFC Smart Labels.
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