Heliospectra AB (publ) Interim Management Statement January – March 2018

Heliospectra Continues Growth with a 140 Percent Improvement in Recognized Revenue for Q1 Compared to Same Period Last Year

(GOTHENBURG, Sweden/SAN FRANCISCO, CA, April 27th, 2018) – Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO), a world leader in intelligent lighting technology for controlled environments horticulture, today present their Interim Management Statement for January - March 2018.

Turnover and profit/loss January - March

Significant events

Januari – March

Events after the end of the period

A Word From the CEO

Dear shareholders of Heliospectra AB (publ),

I’m pleased to report to you that 2018 started strong for Heliospectra. Our industry-leading technology was selected for several milestone projects around the globe. This includes one of the top 5 largest LED horticultural light system installations for medicinal crops, and one of the world’s most prestigious botanical gardens – Kew Royal Botanical Gardens.

Our Company continues to execute against every aspect of our 2018 business plan from revenue growth to capital and operational cost containment. This is evidenced by the 140 percent improvement in recognized revenue versus the year-ago period. Order intake increased by 31 percent, which is indicative of larger transaction sizes. Additionally, we achieved a bottom-line gain of 35 percent by improving both our market competitiveness and operational efficiency. While increased order size can lead to margin compression, we have offset this with improved economies of scale and manufacturing efficiencies.

Our customer collaborations, including those with HelioCORE™ control system beta program participants, produced the outstanding results we projected. For example, the John Innes Centre, an esteemed plant science institution in the UK, bred food staple crops 57 percent faster through our system’s demonstrated ability to accelerate harvests compared to any other lighting product. Additionally, a leading Canadian microgreens producer is reporting summer season crop yields and quality while using energy in the most efficient manner. Our HelioCORE™ system adjusts light output based on natural light conditions and energy prices to use only the energy required for optimal light levels and minimal costs year-round. After a successful beta period, we are pleased to announce the general availability of the HelioCORE™ system.

We are moving through the first half of the year at a strong clip that will accelerate. Through 2018, you’ll appreciate our focus on improving operational performance to strengthen these essential Heliospectra market differentiators: expand undisputed quality leadership, deliver world-class customer service, and relentlessly improve business performance. With this mission firmly in mind, I thank both my team and you, our shareholders, for your steadfast commitment to the Heliospectra vision.

Ali Ahmadian, CEO
Heliospectra AB (publ)

For the full report: http://ir.heliospectra.com/en/financial-reports/ 

Gothenburg 2018-04-27

Investor Relations:

Ali Ahmadian, CEO of Heliospectra | +46 (0)72 203 6344 | ir@heliospectra.com

Redeye is Heliospectra Certified Advisor for Nasdaq First North - www.redeye.se


About Heliospectra

Heliospectra AB (publ) (OTCQB: HLS, FIRST NORTH: HELIO) is the industry’s most proven intelligent lighting technology for greenhouse and controlled plant growth environments. With the vision to make commercial crop production more connected and resource-efficient, growers and commercial producers across six continents use Heliospectra holistic and flexible solutions to consistently increase yields while producing crops that achieve quality appearance, superior nutritional or medicinal value and longer shelf life, harvest after harvest. Founded in 2006 and winner of multiple international awards and recognitions, Heliospectra has raised more than $32 million in capital to date. For more information, please visit https://www.heliospectra.com.

Forward-Looking Statements

The statements in this press release constitute forward-looking statements within the meaning of federal securities laws. Such statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, such forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Potential risks and uncertainties include, but are not limited to, technical advances in the industry as well as political and economic conditions present within the industry. We do not take any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made.

This information is information that Heliospectra AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CEST / 3 AM EDT on April 27, 2018. 


Heliospectra Interim Report Jan-Mar 2018.pdf