Göteborg, Sweden and San Francisco, California, USA
August 31, 2015
Heliospectra AB (OTCQB: HLSPY, FIRSTNORTH: HELIO), a world leader in intelligent lighting technology for plant research and greenhouse cultivation, increases it’s half year revenue by 113% from 1,863 KSEK in 2014 to 3,977 KSEK in 2015.
Staffan Hillberg, CEO of Heliospectra commented: “Our efforts in sales and marketing have been very successful, especially in the North American market. We have a multitude of units for evaluation with potential customers and it is our experience that this leads to increase in sales.”
After the end of the half year period, Heliospectra received its largest order ever equal to 672 KUSD (5.7 MSEK) from growers in Las Vegas in co-operation with American Cannabis. Installation is planned for Q4-2015.
The US market for medical cannabis is one of the fastest growing markets in North American and is forecasted to reach 10.2 MUSD in 2017 which is 700% growth from 2013. 23 states have approved legislation for growing medical cannabis and many more states are expected to follow. There are also plans for approvals in other countries such as Germany, UK and Australia plus expansion in Israel.
Staffan Hillberg, CEO of Heliospectra commented: “The market for our products and services and primarily the LX60-series grow lights is extensive. Heliospectra continues to stay ahead of the competition. The LX60-series has received top grades in all tests that have been done which is very promising for the future.”
Heliospectra, Half Year Report in brief, period Januari-June 2015:
- Net turnover was KSEK 3,977 (1,863)
- Operating profit/loss was KSEK -14,104 (-18,895)
- Proft/loss after tax was KSEK -14,237 (-19,546) or SEK -1 (-1) per share
- Operating cash flow was KSEK -15,521 (-16,987)
The complete report is available on the IR pages at www.heliospectra.com
Heliospectra halvårsrapport januari-juni 2015
Heliospectra Half Year Report January-June 2015
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