Terminating coverage

Record Q2 sales with more to come in H2

Record quarter for sales & orders as expected

Record quarter for orders: six Freemelt ONEs

Soft Q1 sales, but 3 machine & 3 project orders

Soft sales driven by e-MELT delivery timing

Development orders bode well for sales

Q4 sales somewhat better, rights issue in focus

Preliminary Q4 results

Q4 report postponed due to rights issue

Developing customers

Better cost control than expected

A slew of development orders

Sales lag for now but demand seems high

Revenue lower on later delivery than expected

First eMELT delivery in Q2e

A slow start to an exciting year

Q1: sales SEK 0.82m, adj. EBIT -12m, no deliveries. Q2 to be more eventful, SEK >12m of orders announced. First eMELT in Q2, Saab and UKAEA projects bode well.

Final quarter before eMELT uneventful

Q1'24 results fast comment

Commercialisation within reach

Q1e: one Freemelt ONE delivery, SEK 4.9m sales, SEK -8.8m EBIT. First eMELT-iD sold, time to start converting partnerships to sales. Demand high , according to management – especially for tungsten.

Freemelt - Strong Q3 might encourage new investors

Sales and EBIT beat of 45% and 17% We raise estimates on Q3 numbers and eMELT Positive outlook intact, assuming capital can be raised