Invisio Communications Interim Report January – March 2014

07 May 2014 · Regulatory · Press Release · Report

Stockholm, May 7, 2014

INVISIO turns profitable

INVISIO (IVSO) has published its Interim Report for January to March 2014. Among the main events are that INVISIO has turned to profit and received a first follow-up order from the American military program TCAPS.

Lars Højgård Hansen, CEO INVISIO, comments:

“We are happy and proud to be able to show profit for the first quarter of the year, according to our earlier promises. INVISIO increased sales by 63 percent, compared to the corresponding period last year, from SEK 27.0 million to SEK 44.1 million. The result was improved by SEK 4.2 million, from SEK 0.9 million to SEK 5.1 million. Sales for the first quarter already exceed full-year sales of 2012, which illustrates the growth we are experiencing.”

SEK m	Q1 2014	Q1 2013
Total income	44.1	27.0
Gross Profit	18.9	11.9
Gross Margin (%)	42.9	44.3
EBITDA	7.8	3.0
Operating Profit	6.5	1.6
Profit after tax	5.1	0.9
Profit per share (SEK)	0.12	0.02

Important Events January – March

A first follow-up order of SEK 20 million through the American partner TEA Headsets on complete communications and hearing protection systems from the military program TCAPS.
An order of SEK 5.2 million on a number of units of the communication systems INVISIO V60 from a NATO country.
An order from Australia of approximately SEK 1.8 m through the distribution partner Defcon Technologies.
Outgoing backlog amounted per March 31 to SEK 38.8 million.

Important Events After the Period

The Management Group buys 470,000 shares in INVISIO, in total.

The full report can be downloaded at www.invisio.com.

For additional information, please contact:

Lars Højgård Hansen, CEO INVISIO Communications

Mobile: + 45 53 72 7722

E-mail: lhh@invisio.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. Our solutions are 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 website at www.invisio.com. Mangold Fondkommission AB (www.mangold.se) is Certified Adviser for INVISIO Communications AB.