The period in summary
Second half of 2020 (second half of 2019 in brackets)
Full year of 2020 (full year 2019 in brackets)
1 All comparisons are made to the second half or full year of 2019. Minor adjustments have been made to the financial statements for the first six months of 2020. Total income comprises the sum of net sales (commercial products and services), other income (research projects) and other operating income (R&D related tax credits).
Significant events during the first and second half of 2020
Significant events after the end of calendar 2020
On 10 Feb 2021, Ranplan Wireless announced that it partners with Magna Systems, a market leader in providing comprehensive and innovative RF solutions in the Asia Pacific region.
Words from the CEO
After experiencing one of the most tumultuous periods in living memory, one that hampered business confidence, hindered sales activity, postponed revenue recognition and hastened corrective action, we can look back at a year which does not seem to provide much guidance as to what the future may have in store. In 2020, Ranplan saw several key projects frozen, deferred or even called off, either by necessity (restrictions to carry out services) or by priority (limitation of capital and physical resources). Net sales emanating from commercial products and services, hence, were severely impaired. All other essential lines in the income statement, however, showed improvements in 2020 versus 2019. Income drawn from research projects and tax credits rose by 51% and 28%, respectively. Operating expenditures, helped by FX, fell by 17%. The gross margin, a measure of leverage, rose. Courtesy of a debt-for-equity swap, the balance sheet was reinforced.
Feedback from customers, large and small, suggests that our software components, within the desktop or the cloud, continue to advance. Expansion of our network of partners, some of which in early phases, others more advanced, points to emerging business opportunities. Top scores from the most recent quality inspection (BSI) lend credence to the efficiency and quality of operations. A steady inflow of forward-looking research projects helps to set us positively apart from our peers.
In the months ahead, we will invest to fortify our technology leadership, accelerate development of cloud-native software solutions, cement customer relationships and broaden our strategic partnerships. Whilst the pandemic has had a stifling effect on business activities since the beginning of 2020, we harbour little doubt that underlying demand remains robust and solid, spurred by the deployment of 5G in higher frequency bands, the proliferation of private wireless networks, and relentless efforts to pursue massive efficiency gains through automation of manual processes. In light of prevailing uncertainties regarding the re-opening of society (as we once knew it), we abstain from providing financial guidance for calendar 2021. Nevertheless, once a greater degree of normalcy has been restored, we aim to achieve significantly improved financial results, capitalising on a broader and richer suite of products and the intrinsic leverage built into the business model.
On a final note, we are cognisant of the fact that our organisation serves a broader purpose within the fabric of society at large: the importance of reliable and trusted connectivity, for the provision of ubiquitous and unperturbed internet and telecom services, within or outside the walls of buildings, has never been more apparent. I wish to thank all contractors, employees and partners for the dedication, loyalty, and tenacity that they have displayed. These are admirable traits that we seek to cultivate and nurture, ones that help us overcome challenges in times good and bad.
Per Lindberg, CEO
For further information, please contact:
Per Lindberg, CEO
Tel: +46 793407592
Per.Lindberg@ranplanwireless.com
www.ranplanwireless.com
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 18 Feb, 2021 at 08.00 CET.
About Ranplan Wireless
Ranplan Wireless pioneers software solutions that help perfect the design, optimisation and automation of in-building and urban outdoor wireless networks, either in isolation or in coordination. Our solutions enable an ecosystem of companies to deploy next generation wireless networks for a range of applications, supporting multiple technologies such as 4G LTE, 5G, Wi Fi, IoT, TETRA and P25, providing end users with an unmatched quality of experience.
Ranplan Wireless is a subsidiary of Ranplan Group AB (Nasdaq First North: RPLAN) whose head office is in Stockholm, Sweden. The group operates out of offices in the UK, USA and China.
Certified Adviser
FNCA Sweden AB, info@fnca.se, is the Company’s Certified Adviser at Nasdaq First North