Press releases

Fourth quarter 2023 (compared to fourth quarter 2022)

• Net sales amounted to SEK 650 thousand (79)
• Adjusted EBITDA for non-recurring items amounted to SEK -3,841 thousand (-3,834)
• Operating profit amounted to SEK -10,344 thousand (-3,976)
• The period's result amounted to SEK -11,481 thousand (-5,877)
• Earnings per share before dilution SEK -0.01 (-0.07)
• Total cash flow for the period amounted to SEK -219 thousand (-3,381)
• Equity ratio amounted to 80% (72%)

"It is with joy and humility that I, together with the employees and the board, will lay the foundation for the Company's strategy and future growth journey. I am optimistic about the coming years - the Company has enormous potential, and I look forward to leading the work," says CEO Leif Borg.

Selection of significant events during the fourth quarter of 2023:

- The Company delivered the first order of the packaged sensor JIRS40 to the Chinese customer Yoyon for an order value of USD 28,200.

- The Company announced the outcome of the preferential issue of units, consisting of shares and warrants of series TO2 and TO3. The rights issue was subscribed to approximately 88.6%, corresponding to 129,197,795 units. Approximately SEK 36.2 million is added to the Company through the rights issue before issue costs.

- The Company entered into a cooperation agreement with Chinese Green Motive Smart Technology (GMT) regarding long-term commercial cooperation regarding developing sensor solutions and related technology in household appliances. The agreement includes the Company's proprietary sensor element, JIRS30, and the silicon-based sensor, JIRS40.

Selection of significant events after the end of the period:

- The Company received a design win and a first order from Chinese Green Motive Smart Technology (GMT) for an order value of approximately SEK 890,000. The end customer is a global Tier 1 OEM.

- The Company delivered the second order of the packaged sensor JIRS40 to Yoyon for an order value of USD 110,100, corresponding to approximately SEK 1,150,000. The parties are in dialogue about additional orders for 2024.

- The Company entered into a distribution agreement with Ansal Components, which covers the Company's three products, JIRS10, JIRS30, and JIRS40, and later in the period, received a first order from Ansal for an evaluation kit. The collaboration with Ansal is the first result of the European expansion plan JonDeTech has initiated.

- The Company announced the outcome of the exercise of the warrants of series TO2, and a total of 656,753,350 warrants of series TO2 were exercised, corresponding to approximately 72.6 percent of the outstanding warrants of series TO2. Through the exercise of the warrants of series TO2, approximately SEK 15.4 million is added to JonDeTech before issue costs.

For more information, please contact:

Leif Borg, CEO JonDeTech, tel: +46 73 810 93 10, mail: leif.borg@jondetech.com

About JonDeTech

JonDeTech is a supplier of sensor technology. The company markets a portfolio of IR sensor elements based on proprietary nanotechnology and silicon MEMS. The nanoelements are extremely thin, built-in flexible plastic, and can be manufactured in high volumes at a low cost, which opens up for a variety of applications, such as temperature and heat flow measurements, presence detection, and gas detection. The company is listed on Nasdaq First North Growth Market. Redeye is the company's Certified Adviser. Read more at www.jondetech.se or see how the IR sensor works at www.youtube.com/watch?v=2vEc3dRsDq8.

This information is information that JonDeTech Sensors AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the above contact person's agency, at 08:00 CEST on 21, February 2024.