Skip to main content

Anoto publishes reviewed interim report for the period July–September 2020 with a clarification from the Company’s CEO

Written by Customer Service on . Posted in Public Companies.

Stockholm, January 11, 2021 – On November 30, 2020, Anoto Group AB (publ) (“Anoto” or the “Company”) published its interim report for the period July–September 2020. The Company today publishes a reviewed interim report for the same period. The review has not resulted in any adjustments to the financial numbers published on November 30, 2020. The reason for the delay in publishing the reviewed interim report is that supplementary material has been audited. The reviewed interim report can be downloaded on the Company’s website: https://www.anoto.com/investors/reports/.
“The auditor’s opinion refers to the Company’s liquidity situation. In relation to this, I want to make certain clarifications. Anoto did not have liquidity concerns as of September 30, 2020, which is the last date of the reporting period, in part because the Company successfully carried out a directed rights issue to Soltworks Co. Ltd. on September 21, 2020. The liquidity concern referred to by the auditor was a temporary liquidity issue per November 30, 2020, which partly was caused by the Company’s move of its manufacturing facility in South Korea to a new manufacturing facility in Mexico. Furthermore, I want to draw the readers’ attention to the fact that the Company have addressed the situation in an adequate way by attracting additional investments from Vaba Co. Ltd. and Rothesay Limited shortly after November 30, 2020”, says Joonhee Won, CEO of Anoto.  For further information, please contact:Johannes Haglund, Chief of Staff, Anoto Group ABFor more information about Anoto, please visit www.anoto.com or email ir@anoto.comThe information was submitted for publication, through the agency of the contact person set out above, on January 11, 2021 at 20:30 CET.About Anoto GroupAnoto is a publicly held Swedish technology company known globally for innovation in the area of information-rich patterns and the optical recognition of those patterns. It is a leader in digital writing and drawing solutions, having historically used its 30proprietary technology to develop smartpens and the related software. These smartpens enrich the daily lives of millions of people around the world. Anoto currently has three main business lines: Livescribe retail, Enterprise Forms and OEM. Anoto also owns Knowledge AI, a leading AI based education solution company, as its majority-controlled subsidiary. Anoto is traded on the Small Cap list of Nasdaq Stockholm under ANOT.AttachmentReviewed Q3 Report_2020_En

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.