Aquaporin announces full-year 2023 results, with year-on-year revenue growth of 95%

"At Aquaporin, we are firm believers that collaborations help build the foundations of our success. During 2023, we attracted key partners, from a broad spectrum of industries, providing further validation of our competences as well as delivering solid, growing revenue in line with our guidance. With year-on-year revenue growth of 95%, we look forward to continuing the trajectory in 2024, building on our ambition to become a leader within water purification," says Matt Boczkowski, Chief Executive Officer at Aquaporin.

COPENHAGEN, Denmark, 05/04/2024 (informazione.it - comunicati stampa - scienza e tecnologia)

 says Matt Boczkowski , Chief Executive Officer at Aquaporin.

       

For the full year 2024, we expect revenue in the range of DKK 90 -110 million, with a gross profit margin between 30% and 35%. For EBIT (before special items), we expect a loss of DKK (75) -(85) million. For further details, please refer to Annual Report 2023 (attached).



On April 5, 2024 , at 2.00 PM CET , Aquaporin's Chief Executive Officer, Matt Boczkowski , and Chief Financial Officer, Klaus Juhl Wulff , will host an earnings webcast. Please go to our website for details on how to access the event: https://investors.aquaporin.com/investors/Events/default.aspx

Matt Boczkowski , Chief Executive Officer
Klaus Juhl Wulff , Chief Financial Officer
+45 25 63 39 90, investorrelations@aquaporin.com

Aquaporin is an innovative water technology company with operations in Denmark (HQ), Singapore , Turkey , the United States , and China . We are committed to rethinking water filtration with biotechnology to solve global water challenges. By combining three disciplines from the world of natural sciences: biology, chemistry, and physics, we have created the unique, nature-inspired Aquaporin Inside® technology which we embed into all our membranes and solutions. Our technology is based on Nobel Prize-winning research and is used to clean and reuse water in industries, in our homes, and even by NASA in space. We work with customers and partners around the globe to responsibly treat industrial wastewater, concentrate food and beverage products in a natural way, and enhance drinking water quality and accessibility.

Matters discussed in this company announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and that can be identified by words such as "believe", "expect", "anticipate", "intend", "estimate", "will", "may", "continue", "should", and similar expressions, as well as other statements regarding future events or prospects. Specifically, this company announcement includes information with respect to projections, estimates, and targets that also constitute forward-looking statements. The forward-looking statements in this company announcement are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies, and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, and other important factors include, among others: Limited experience in commercialization of the Company's products, failure to successfully implement strategies, dependence on third parties for manufacturing certain product components and the supply of certain raw materials, manufacturing disruptions, strategic collaboration, protection of the Company's intellectual property rights and other risks disclosed in Aquaporin's annual reports and company announcements. Such risks, uncertainties, contingencies, and other important factors could cause actual events to differ materially from the expectations, projections, estimates, and targets expressed or implied in this company announcement by such forward-looking statements. The information, opinions, and forward-looking statements contained in this company announcement speak only as at its date and are subject to change without notice. Aquaporin expressly disclaims any obligation to update or revise any forward-looking statements, except as required by law.

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