STOCKHOLM--(BUSINESS WIRE)--Strong momentum…
The positive trend from previous quarters continued in the fourth quarter. Interest in issues relating to privacy and cyber security is strong. The focus on OEM licensing, where Clavister product technology is a perfect fit, has resulted in new cooperation agreements with high potential for the future.
Several high-profile business wins has been obtained as World Ski Championships in Falun, Sweden, Swedish Hockey League, a global provider of military communications technology and a major Southeast Asian telecoms operator.
Good conditions for continued good growth and improved margins during 2015
The quarter in short
Sales increased by 91% in the fourth quarter
· Revenue increased in the fourth quarter by 91% to EUR 22.2 million (11.6)
· Gross profit for the fourth quarter increased by 254 % to SEK 16.8 million (4.7)
· Profit after tax for the fourth quarter SEK -13.5 million (-17.7)
· Ending cash balance 11.7 M (44.5)
Overall terms and conditions for a loan covering the company’s financing needs have been agreed. The agreement is expected to be signed during March.
Örnsköldsvik, the 2nd of March 2015
The board of directors
This report has not been audited by the auditor
The report can be read in its whole here (https://www.clavister.com/investor-relations/financial-documents/)
Clavister is a leading security provider for fixed, mobile and virtual network environments. Its award-winning solutions give enterprises, cloud service providers and telecoms operators the highest levels of protection against current and new threats, and unmatched reliability. Clavister’s performance in the security sector was recognised in 2013 with the 2012 Product Quality Leadership Award from Frost & Sullivan. The company was founded in Sweden in 1997, with its solutions available globally through its network of channel partners.
Clavister is a member of Intel’s Network Builders program (networkbuilders.intel.com), a cross-industry initiative that enables telcos to build and manage business-critical infrastructures, with lower capital and operating costs. Clavister is traded at NASDAQ OMX Stockholm and has more than 4500 shareholders.
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