Overview
Sweden greentech firm's Q1 net sales rose sharply yr/yr
Company reported continued operating loss and negative operating cash flow for Q1
SaltX and Holcim achieved breakthrough producing cement clinker in fully electrified process
Outlook
SaltX did not provide specific guidance for the current quarter or full year
Result Drivers
ELECTRIFIED CEMENT BREAKTHROUGH - SaltX and Holcim produced Portland-quality cement clinker in a fully electrified process, which the company called a major breakthrough
FUNDING AGREEMENTS - SaltX received MSEK 110 through a rights issue and entered an agreement with Frontier for USD 1.5 mln in funding for permanent carbon removal technology development
Company press release:
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 7.90 mln
SEK 10 mln (1 Analyst)
Q1 Adjusted EPS
-SEK 0.10
Q1 EBIT
-SEK 23 mln
Q1 Operating Cash Flow
-SEK 16.10 mln
Analyst Coverage
Wall Street's median 12-month price target for SaltX Technology Holding AB (publ) is SEK5.75, about 5.3% above its May 4 closing price of SEK5.46
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