Redeye Today: Heliospectra: Sowing the seeds in H1 to reap the harvest in H2

Heliospectra reports net sales of SEK 5. 1 million and EBIT of SEK -10. 8 million for Q2 2016. On the positive side, CEO Hillberg confirms the great potential in the market and notes that Heliospectra stands well positioned to reap the rewards from intensified sales and marketing during the first half of the year.

The company has managed to secure bridge financing of SEK 20 million from its main shareholders confirming continued support and a strong belief in Heliospectra’s potential. On the negative side, net sales came in below our estimates and costs came in above our estimates. Whilst we are positive to the further gross margin improvement, up three percentage points from the first quarter, other external costs increased more than we expected.