INVISIO Communications Interim Report January to March 2012

Stockholm, April 19, 2012

INVISIO Communications (IVSO) has published its interim Report for January to March 2012. The report’s main bullets are below, and the report as a whole can be downloaded as pdf from INVISIO’s website.

Lars Højgård Hansen, CEO INVISIO Communications, comments:

” During the year´s first quarter we saw a good order intake and we received the second largest single order ever for our professional products. Due to long lead times on certain components, several planned deliveries were delayed and therefore sales during the quarter were lower than expected. The order book for our professional products was however the second highest ever at the end of the quarter.”

Interim Report January – March 2012

• Total income decreased to SEK 6.3 m (9.6)
• Sales for the business area Professional products decreased with 21.6 percent compared with the corresponding period 2011, and adjusted for currency effects with 20.8 percent
• Gross profit amounted to SEK 2.7 m (5.5)
• Gross margin amounted to 43.1 percent (57.3)
• Operating loss amounted to SEK -7.8 m (-6.0)
• Loss after tax amounted to SEK -8.5 m (-6.7)
• Loss per share amounted to SEK -0.25 Kr (-0.26)
• The order book for the business area Professional products was SEK 7.8 m (3.5) at the end of the quarter

Important Events January – March

• INVISIO has received a large order from a customer in the US. The order is for the headset INVISIO M3 with INVISIO PTT (Push to Talk). The total order value is approximately SEK 6.0 m. 
• INVISIO has again through its Australian distribution partner Defcon Technologies received an order from the Australian Department of Defence. The order is again for INVISIO M3 headsets. The total order value is approximately SEK 1.0 m and the products will be delivered during the second quarter of 2012.

Important Events after the period

• Thomas Larsson is appointed new Chief Financial Officer for INVISIO Communications. Larsson starts his employment during April and will enter his position during the summer when the current CFO Bengt Nilsson is leaving the company due to retirement. 
• The Board for INVISIO Communications AB has on April 19, 2012, decided to carry out a share issue with shareholder precedence to TAMT AB of a maximum of
  2 500 000 shares, corresponding to about 7.4 percent of the total currently outstanding shares. Through the emission, the Company’s share capital will increase with SEK 2 500 000. The subscription price is SEK 3.10 per share. The share issue provides the Company with a total of SEK 7 750 000. There are no share issue costs. In addition to the share issue, INVISIO has received a loan guarantee from Yggdrasil AB of SEK 5.0 m. Yggdrasil controls 8.7 percent of the shares and votes in INVISIO and the potential loan would therefore be regarded as a related party transaction.

For additional information, please contact:

Lars Højgård Hansen, CEO INVISIO Communications
Mobile: + 45 53 72 7722
E-mail: lhh@invisiocommunications.com

About INVISIO Communications AB
INVISIO Communications AB is a public company listed on the NASDAQ OMX First North Premier Segment (ticker code: IVSO) an alternative market on NASDAQ OMX Stockholm. INVISIO specializes in voice communications in difficult conditions. The company develops, manufactures, markets and sells communication solutions such as advanced headsets control units and accessories for use with two-way radio, primarily for professional users who often work in difficult environments. The customers are for example found in the military and military Special Forces, police and SWAT teams, emergency services, the security sector, and various industries throughout the world. Additional information is available on the company’s web site at www.invisiocommunications.com. Mangold Fondkommission AB is Certified Adviser for INVISIO Communications AB.