Insplorion AB (publ) (INSP) Q1 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

The time is 16.00 and we are here to listen to Insplorion. We welcome you to this presentation of Insplorion's Q1 report, which is followed by a question time. With us from the company we have Johan Rask, who is the CEO, and Per Gilliam, CFO. And with that said, I'll hand it over to you, Johan and Per. Thank you very much, Adam. As I said, my name is Johan Rask and with me here is Per, our CFO, and we will talk a little about the quarterly report and also hope that there are a few questions that hopefully we can answer in a good way. But we start with A few key comments and then it's Per's turn. Yes, the first quarter for 2024. We have a net income of almost one million SEK and the revenues are related to the projects that we had yesterday. We will show a slide on this a little later, but it is primarily hydrogen projects. The total revenue is 1.6. The costs are still activated, which is linked to the hydrogen sensor that we activate. We see a clear improvement in the result, if you compare it with the first quarter last year, but also the whole year 2023. And it is primarily the top line that increases, but also a reduced cost base. due to good cost control. The cash flow for the quarter is 5.5 million minus. The liquid funds we close in the quarter is 5.6 million, but then we also have to keep in mind that we have CO2 that comes as a capital contribution right at the beginning of the second quarter. So it was 5.9 million before costs, 5.4 after. The current events during the quarter were that we presented this ATEX certification, i.e. for a sensor to be able to sit in potentially explosive environments. That timeline, Q1 2025, we published during the quarter. We have also entered a new pilot study of our prototype MPS P1 in chemistry this time. Very exciting. Johan...