The period in summary
First half of 2021 (first half of 2020 in brackets)
- Total income amounted to SEK 17.4 million (11.9 million)1
- Net sales amounted to SEK 8.3 million (4.7 million)
- Operating results amounted to SEK -9.7 million (-18.9 million)
- Net results amounted to SEK -10.6 million (-20.5 million)
- Earnings per share amounted to SEK -0.44 (-1.02)
- Cash at the end of the period amounted to SEK 1.8 million* (10.8 million)
*On 30 June 2021, SEK 23.4 million remained undrawn on the credit line.
Significant events in the first half of 2021
- On 21 February 2021, Ranplan signed a technology and reseller partnership with Magna Systems, a market leader in providing comprehensive and innovative RF solutions for telco customers in the Asia Pac region.
- On 17 May 2021, at the AGM in Stockholm, it was resolved that Tomas Isaksson be re-elected as chairman of the board, and that Jie Zhang, Wendy Yang and Jon Ullmark be re-elected as ordinary members of the board (Jinxing Xue and Per Lindberg declined re-election as ordinary members of the board).
- On 15 June 2021, Ranplan Wireless launched the first version of its Automatic Cell Optimiser (ACO) module.
Significant events after 30 June 2021
- On 18 August 2021, Ranplan announced that Chongqing College of Electronic Engineering (CQCEE) - one of the leading technical institutions in China - has awarded Ranplan Wireless a contract worth around USD 140k (SEK 1.2 million) for the provision of software licenses, training and support over a three-year period. Deliveries of the software resulting in net sales are envisaged to take place in the second half of the 2021 calendar.
1 Total income comprises the sum of net sales (related to commercial products and services), other income (associated with research projects) and other operating income (derived from R&D tax credits).
Words from the CEO
Even though the COVID pandemic still restrains our market activities, the financial performance in the first half of 2021 is quite reassuring. Net sales related to commercial products and services essentially doubled as expressed in US dollars, losses from operations nearly halved as reported in Swedish krona, and the pipeline of new business prospect expanded in all major regions. Following the gradual lifting of restrictions in various parts of the world, we now discern considerably stronger demand than six-to-twelve months ago. Several projects, previously cancelled or deferred, have been re-shaped or re-started; the pace of 5G deployment has gathered steam; and additional spectrum has been or will soon be set aside for industrial applications – attracting the interest of an increasingly eclectic mix of existing and new customers: mobile network operators, internet service providers (web-scale giants), neutral hosts, system integrators, enterprise IT managers and telecom equipment manufacturers. As an independent software company with no hardware ties and the recognised pioneer of HetNet design (‘indoor and outdoor radio networks operating in harmony’), we are well positioned to take advantage of salient trends and, in so doing, help our customers and partners explore three of the most powerful themes in the era of (real) 5G: (i) Open Radio Access Networks (‘mixing and matching vendors’); (ii) Mobile Edge Computing (‘meeting exacting requirements in terms of capacity, latency and speed’); and not least (iii) Private Wireless Scenarios (‘providing businesses and governments with networks truly tailor-made to their specific needs’).
In tandem with the re-opening of society, we have witnessed a pronounced rebound in demand (from the unusually depressed levels of the first and the second halves of 2020). The cause-and-effect is lucidly clear. As employees gradually return to the office, shoppers progressively get back to the malls and sport fans begin to partially fill stadia, providers of wireless services, whether in a public or private setting, have regained confidence in their ability to effectively dimension, install and operate 4G/5G networks for indoor use. Nowhere is the upswing more tangible than in the enterprise domain – a customer segment, including governments, whose needs – indoor- and HetNet-centric in nature – are ideally fulfilled by us.
We aim to build on the impetus in the marketplace, explore heightened interest in our expanded and enriched product portfolio, cement existing relationships and forge new mutually beneficial ones. While closely monitoring the COVID-19 situation, we intend to strengthen our go-to-market activities through better utilisation of existing resources, selective recruitment and forging additional partnerships with resellers and sales agents. True to our customer commitments, we strive to keep R&D investments at current levels (all of which expensed as incurred, made-up c. 100% of total income in the first half of 2021).
On a final note, I wish to extend my gratitude to our contractors, employees, customers and partners for the commitment, patience and trust that they display. We learn from each other; we inspire each other; we elevate each other. What we accomplish together, brings us together – making us stronger for longer.
Per Lindberg, CEO
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For further information, please contact:
Per Lindberg, CEO
Tel: +46 793407592
This information is information that Ranplan Group AB 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 above, on 31 August, 2021 at 08.00 CET.
FNCA Sweden AB, +46(0)8-528 00 399 firstname.lastname@example.org, is the Company's Certified Adviser at Nasdaq First North