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
Contacts
For more information, please contact:
Daniel Gidlund, CEO
daniel.gidlund@freemelt.com
070-246 45 01
About Us
Freemelt is a deep-tech, green-tech company whose ground-breaking solution creates new opportunities for rapid growth in 3D printing, also known as Additive Manufacturing, a technology under substantial growth revolutionizing the traditional manufacturing industry, by offering a sustainable production process with optimized product design, shorter lead times, minimal waste and reduced environmental footprint.
Freemelt's protected technology enables a more greener, cost-efficient 3D printing to a consistent and high quality. By choosing an open-source solution, the conditions are created for strong growth and expansion towards manufacturing markets. Freemelt was founded in 2017, is listed on Nasdaq First North Growth Markets, has 38 employees, head office in Gothenburg and a manufacturing unit in Linköping. Read more at www.freemelt.com.
This information is information that Freemelt Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-02-20 08:00 CET.
