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Senaste pressmeddelanden och rapporter för bolaget.

Datum Källa Rubrik Typ Alternativ
2023-01-16 Smart Wires Smart Wires: SMART WIRES AWARDED CONTRACT OF $29 - 31 MILLION FROM NATIONAL GRID ELECTRICITY TRANSMISSION FOR NEW PROJECTS UNDER EXISTING FRAMEWORK AGREEMENT Pressreleaser Visa Stäng
2022-12-23 Smart Wires Smart Wires: SMART WIRES TECHNOLOGY LTD. ANNOUNCES 2022 FULL-YEAR ORDERS OF $24.6 MILLION Pressreleaser Visa Stäng
2022-12-23 Smart Wires Smart Wires: SMART WIRES TECHNOLOGY LTD. ANNOUNCES ADDITIONAL CLOSING OF USD $5 MILLION IN PREFERRED STOCK FINANCING AND RESPONDS TO QUESTIONS REGARDING DELISTING Pressreleaser Visa Stäng
2022-11-18 Redeye Redeye: Smart Wires - watt a story Analyser Ladda ner | Visa Stäng
2022-11-17 Smart Wires Smart Wires: SMART WIRES TECHNOLOGY LTD ISSUES Q3 2022 INTERIM REPORT AND UPDATES ORDER GUIDANCE Pressreleaser Ladda ner | Visa Stäng
2022-11-16 Smart Wires Smart Wires: SMART WIRES TECHNOLOGY LTD. ANNOUNCES A FINANCING OF USD $5 MILLION AND ITS INTENTION TO APPLY FOR DELISTING OF ITS SDRS FROM NASDAQ FIRST NORTH GROWTH MARKET Pressreleaser Visa Stäng
2022-11-14 Smart Wires Smart Wires: SMART WIRES TECHNOLOGY LTD BOARD APPROVES REVISIONS TO AMENDED & RESTATED MEMORANDUM AND ARTICLES Pressreleaser Visa Stäng
2022-11-10 Smart Wires Smart Wires: SMART WIRES DELIVERS FIRST DIGITAL POWER FLOW CONTROL TECHNOLOGY PROJECT IN CANADA Pressreleaser Visa Stäng
2022-10-31 Smart Wires Smart Wires: SMART WIRES TECHNOLOGY LTD REFOCUSES BUSINESS AND REDUCES COST STRUCTURE Pressreleaser Visa Stäng
2022-10-10 Smart Wires Smart Wires: SMART WIRES TECHNOLOGY LTD SUSPENDS REVENUE GUIDANCE, REVISES ORDERS GUIDANCE AND SEEKS TO PURSUE STRATEGIC ALTERNATIVE TRANSACTIONS Pressreleaser Visa Stäng
2022-08-16 Smart Wires Smart Wires: U.S. RECOGNIZES ROLE OF GRID ENHANCING TECHNOLOGY AS PART OF MAJOR CLEAN ENERGY LEGISLATION Pressreleaser Visa Stäng
2022-08-16 Redeye Redeye: Smart Wires - High Expectations for Order Pipeline to Come Through Analyser Ladda ner | Visa Stäng
2022-08-11 Smart Wires Smart Wires: SMART WIRES TECHNOLOGY LTD, Q2 2022 INTERIM REPORT Pressreleaser Ladda ner | Visa Stäng
Pressreleaser | 11 Aug 2022 | Smart Wires

Smart Wires: SMART WIRES TECHNOLOGY LTD, Q2 2022 INTERIM REPORT

After the end of the quarter, we updated the market on the company’s outlook for the rest of 2022. We lowered the revenue outlook to $55M to $60M compared to the previously stated $65M to $70M due to the impact of continued supply chain disruption on our production volume and technology deployment.

Cash at the end of the quarter was $30.2M. We are managing our cash profile through careful management of quarterly spending and driving improved payment terms with both vendors and suppliers, while continuing to explore strategic financing opportunities.

Market demand continues to gain pace, strengthening from quarter to quarter, and we’re well positioned to benefit from the long-term trends. Our order backlog has grown to $72M with additional orders expected in the back half of 2022, driving our expected orders intake to between $100M to $120M for 2022, with more than half coming from key customers in the UK, Australia and Colombia.”

Peter Wells

CEO of Smart Wires

The Company’s Key Business Highlights for Q2 2022:

  • As anticipated, global supply chain disruptions led to a low-volume quarter
  • Given continued supply chain challenges, full year revenue outlook was reduced to $55 million to $60 million
  • Orders outlook remains on track for $100 million to $120 million
  • Current order backlog at $72 million slated for 2022 and 2023 delivery
  • Q2 Revenue of $8.2 million, -20% vs. Q2 2021
  • Q2 Net loss of $18 million, +26% vs. Q2 2021
  • Q2 non-GAAP adjusted EBITDA loss of $16.1 million, -7% vs. Q2 2021
  • ~50% of order target contracted already or in late contracting stage; $120+ million of high-probability, new opportunities identified this year from lighthouse customers; strong position and potential for order upside in 2022
  • $18 million – $20 million order received for second largescale project with ISA Transelca
  • New global HQ opened in North Carolina; Colombian subsidiary officially incorporated
  • Organization strengthened with key appointments
  • Reseller partnership with ELES Group subsidiary Operato broadens commercial offering to include dynamic rating software SUMO

Smart Wires Technology Ltd (”Smart Wires”) presents its Q2 2022 Interim Report at 15:00 CEST on 11 August 2022 via audiocast teleconference at the following link: https://tv.streamfabriken.com/smart-wires-q2-2022 . Teleconference: Dial-in number SE: +46850558366 UK: +443333009271 US: +16467224957

The full Smart Wires Technology Ltd Q2 2022 Interim Report is attached to this release, and can be found at: https://www.smartwires.com/investors/financial-reports-presentations/ .

Important notice about forward-looking information

This interim report contains certain forward-looking information and statements that reflect the Company’s current views on future events as well as financial and operational developments. Words such as ”refer”, ”assess”, ”expect”, ”can”, ”plan”, ”estimate”, ”calculate”, ”could” and other expressions that indicate indications or assessments regarding future developments or trends, and which does not relate to historical facts, constitutes forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties because it is dependent on future events and circumstances. Forward-looking information does not constitute a guarantee regarding future results or development and the actual outcome may differ materially from what is stated in forward-looking information. Neither the Company nor anyone else make any representations about publishing updates or revisions of forward-looking information as a result of new information, future events or similar circumstances other than as provided by applicable mandatory rules and regulations.

CONTACTS

Julie Andrews, CFO

E-mail: julie.andrews@smartwires.com

Tel: +1 901 687 8314

Smart Wires’ Certified Adviser is Erik Penser Bank AB, Apelbergsgatan 27, Box 7405, SE-103 91 Stockholm, E-mail: certifiedadviser@penser.se,Tel: 08-463 83 00, www.penser.se.

This information is information that Smart Wires Technology Ltd is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2022-08-11, 07:30 CET.

ABOUT SMART WIRES TECHNOLOGY LTD.

Smart Wires conducts grid technology business that helps utilize, modernize, optimize, and monetize grid capacity to meet the demands and opportunities of the energy transition. The Company operates in the global transmission grid technology market and is a leader in modular power flow control technology. Power flow control technology controls and directs power flow on high voltage electric transmission systems. Smart Wires serves transmission owners, primarily electric utilities. Transmission owners use power flow controllers to eliminate line overloads by redirecting power to other lines, to reduce transmission congestion, and to enable renewable energy connection and dispatch. Currently, Smart Wires’ main projects are located in Europe, the United States and Australia with upcoming projects in South America and Canada. The Company has a large customer base comprised of utilities globally. Smart Wires Technology Ltd is listed on the Nasdaq First North Growth Market. For more information, please visit www.smartwires.com.

2022-08-10 Smart Wires Smart Wires: SMART WIRES EXTENDS COMMERCIAL OFFERING BY PARTNERING WITH SOFTWARE PROVIDER OPERATO Pressreleaser Visa Stäng
2022-08-04 Smart Wires Smart Wires: INVITATION TO SMART WIRES' Q2 2022 CONFERENCE CALL ON AUGUST 11 Pressreleaser Visa Stäng
2022-07-21 Smart Wires Smart Wires: SMART WIRES GIVES UPDATE ON 2022 OUTLOOK DUE TO GLOBAL SUPPLY CHAIN DISRUPTION Pressreleaser Visa Stäng
2022-07-13 Smart Wires Smart Wires: SMART WIRES OFFICIALLY INCORPORATES SUBSIDIARY FOR LATIN AMERICA REGION IN MEDELLIN, COLOMBIA Pressreleaser Visa Stäng
2022-06-09 Smart Wires Smart Wires: SMART WIRES ANNOUNCES CHANGE OF AUDITOR TO DELOITTE & TOUCHE, LLP Pressreleaser Visa Stäng
2022-06-07 Redeye Redeye: Redeye Initiates Coverage of Smart Wires Analyser Ladda ner | Visa Stäng
2022-05-25 Smart Wires Smart Wires: SMART WIRES CEO LEADS DISCUSSION WITH ENERGY LEADERS ABOUT GETS AND POLICY SHAPING THE INDUSTRY Pressreleaser Visa Stäng
2022-05-18 Smart Wires Smart Wires: SMART WIRES RECIEVES ORDER OF $18 - 20 MILLION FOR A SECOND LARGESCALE PROJECT IN COLOMBIA Pressreleaser Visa Stäng
2022-05-12 Smart Wires Smart Wires: SMART WIRES TECHNOLOGY LTD, Q1 2022 INTERIM REPORT Pressreleaser Ladda ner | Visa Stäng
2022-05-11 Smart Wires Smart Wires: SMART WIRES STRENGTHENS TEAM BY APPOINTING INDUSTRY LEADERS TO KEY TECHNICAL MANAGEMENT ROLES Pressreleaser Visa Stäng
2022-05-09 Smart Wires Smart Wires: SMART WIRES CEO TO INTERVIEW FERC COMMISSIONER ALLISON CLEMENTS Pressreleaser Visa Stäng
2022-05-02 Smart Wires Smart Wires: INVITATION TO SMART WIRES TECHNOLOGY LTD PRESENTATION OF THE Q1 2022 INTERIM REPORT Pressreleaser Visa Stäng
2022-04-28 Smart Wires Smart Wires: SMART WIRES TECHNOLOGY LTD PUBLISHES ANNUAL REPORT 2021 Pressreleaser Ladda ner | Visa Stäng
2022-04-22 Smart Wires Smart Wires: NOTICE OF ANNUAL GENERAL MEETING OF THE MEMBERS OF THE COMPANY Pressreleaser Ladda ner | Visa Stäng
2022-04-22 Smart Wires Smart Wires: US FEDERAL GOVERNMENT GIVES SMART WIRES TECHNOLOGY A BOOST Pressreleaser Visa Stäng
2022-04-22 Smart Wires Smart Wires: SMART WIRES APPOINTS ENERGY INDUSTRY LEADER HÊDD ROBERTS AS GENERAL MANAGER, EUROPE Pressreleaser Visa Stäng
2022-03-29 Smart Wires Smart Wires: LEADING WIND INDUSTRY EXPERT JESSICA JOYCE APPOINTED AS SVP - AMERICAS AT SMART WIRES Pressreleaser Visa Stäng

Kommande händelser

16 Mar 2023 | Bokslutskommuniké 2022
17 May 2023 | Årsstämma 2022