"We are pleased to report positive EBITDA in the third quarter of 2019, before adjustments related to the divestment of our Chinese subsidiary.
We continue to see a strong momentum in our focused go-to-market activities, with a year-on-year order intake growth of 24%. The largest growth for the quarter, 158% year-on-year, came from the Communication Service Provider vertical. My assessment is that we are advancing into larger business opportunities across the board. I see the proof-points of this as we continue to secure orders with new light-house customers, representing very relevant growth scaling engines for
Third Quarter 2019
· Order intake for the quarter increased by 24% and amounted to 37.3 (30.1) MSEK.
· Net sales amounted to 31.8 (29.4) MSEK.
· Revenues increased by 4% and amounted to 31.9 (30.8) MSEK.
· Gross profit decreased by 2% and amounted to 25.9 (26.5) MSEK, equal to a gross margin of 81 (86)%.
· EBITDA amounted to -4.0 (-5.7) MSEK.
· Adjusted EBITDA before charges related to the divestment of Chinese subsidiary amounted to 0.2 (-5.7) MSEK.
· EBIT amounted to -14.5 (-13.3) MSEK.
· Result before taxes for the period amounted to -25.8 (-17.1) MSEK.
· Earnings per share amounted to -1.05
· Operating cash flow amounted to -12.5 (-13.5) MSEK.
· Cash by the end of the period was 42.2 (47.5) MSEK.
The full quarterly report can be found at the Company's web page. https://www.clavister.com/company/investor-relations/financial-reports/2019-q3/
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