Nanologica AB (publ) (NICA) Q1 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, Andreas Bhagwani, CEO and one of the largest owners of Nanorodica. I am here to comment on the report for the first quarter. In short, we have a very exciting project with a product called Enlabsiv, a non-silica product that we have now sold during this quarter. Super exciting. We have converted our distribution agreement in China. We have carried out a pre-trial submission. First, a little about the numbers. 5 million in sales, it is our highest product sales ever within Logica, which we are very proud of. A slightly lower result than expected, we have a decline of 4 million, which I will comment on a little closer very soon. For those of you who have studied the balance sheet, we know that we have a pre-selection rate that has increased by 4 million. The production works and we get the product out, so that's good. 23.5, a little over in liquid materials, then one should say that the performance emission The money has not yet reached the deadline. The production. For those of you who have read the report, you know that we have had some problems with the production again. We wanted to redo a setting. We had quite a low exchange rate in one process step. We made setting changes and received significantly lower exchange rates. That is, products that disappeared. And then we made a reduction of that. Since then, we have gone back to the original the settings that we had earlier. And it is also the case that this process step is not dependent, especially dependent on right now, so it does not stop production. A little bit about sales then, as you know, we have had products, we have started selling products and now we also have sales that came in in the quarter. We had a goal in 2024 to cover 100 million. We still think it is possible to cover 100 million, but rather ...