Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Regulatory press release

poLight ASA - The quarter has confirmed the potential in several market segments

poLight
KEY EVENTS in the Quarter

*  Design-in award and sample purchase order received for an augmented reality
display case

*  Follow-up order related to the scan engine EX30 (Honeywell)

*  Augmented reality opportunity pipeline promising, both for short/medium-term
professional use cases and longer-term consumer applications

*  Despite a somewhat softer smartphone market due to the challenging situation
in China, progress still being made on existing and new PoCs

*  Other application areas, such as medical and industrial are maturing

Horten, 12 May 2022 - poLight ASA (OSE: PLT) today announced its results for Q1
2022.

Customer-related activities continued at a high level in the first quarter.
poLight is actively engaged in several segments.

EBITDA totalled NOK -18.5 million in Q1 2022, compared with NOK -20.2 million in
Q1 2021.

As at 31 March 2022 poLight had cash of NOK 150.2 million, compared with NOK
68.4 million as at 31 March 2021.

"We made good progress in many areas during the quarter, although it was
somewhat impacted by the challenging situation in China. Progress in the
augmented reality cases we are exploring remains promising, and there are
candidates for design-wins this year and onwards. With respect to smartphone
cases, we see OEMs being more cautious about releasing new phone models, and we
foresee this will impact the timing of the first smartphone case for poLight.
That said, interest and activity related to TLens® has been, and remains,
encouraging.", said Øyvind Isaksen, the CEO of poLight.

Q1 report and presentation

Please find the report and presentation for Q1 2022 enclosed.

poLight Q1 2022
report.pdf (https://mb.cision.com/Public/14821/3565348/b302c7849ab8cee2.pdf)

poLight Q1 2022
presentation.pdf (https://mb.cision.com/Public/14821/3565348/89bc7d712c694619.pd
f
)

Presentation and webcast

CEO Øyvind Isaksen and CFO Alf Henning Bekkevik will present the company's
results today at 09:00 CET through live webcast. Please join the Q1 2022 results
webcast by clicking here:

poLight ASA Webcast Q1 2022
(royalcast.com) (https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/202205
1
2_6)

The presentation and supporting material will be given in English.

A recorded version of the webcast will be made available on www.polight.com
shortly after the broadcast has been concluded.

Further information from:

Dr. Øyvind Isaksen, CEO, poLight ASA: +47 90 87 63 98

Alf Henning Bekkevik, CFO, poLight ASA: +47 91 63 05 14

About poLight ASA

poLight offers a new autofocus lens which "replicates" the human eye for use in
devices such as smartphones, wearables, barcode, machine vision systems and
various medical equipment. poLight's TLens enables better system performance and
new user experiences due to benefits such as extremely fast focus, small
footprint, no magnetic interference, low power consumption and constant field of
view. poLight is headquartered in Horten, Norway, with employees in Finland,
China, UK, USA, Russia, Taiwan, and representation in Korea and Japan. For more
information, please visit  https://www.polight.com
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.