The period in summary Fourth quarter 2018 · Revenues increased substantially and amounted to SEK 5.5 million* (3.9)** · Gross Margin 98.0%* · EBITDA amounted to SEK -9.9 million* (-5.1) · Net Income for the period amounted to SEK -10.1 million* (-5.1) · Earnings per share for the quarter was SEK -0.50* · Cash at the end of period amounted to SEK 21.3 million*** Full year 2018 · Revenues increased substantially and amounted to SEK 22.2 million* (10.2) a growth of 118% · Gross Margin 96.8%* (90.6%) · EBITDA amounted to SEK -28.3 million* (-21.0) · Net Income for the period amounted to SEK -28.7 million* (-21.1) · Earnings per share for the full year was SEK -1.43* · Cash and Cash Receivables amounted to SEK 38.1 million*** · The Board of Directors recommend that no dividend be paid for the full year 2018.
*From Combined Financial Statements
**Figures inside parentheses refer to the corresponding figures for the previous fiscal year throughout this Q4 report.
***From Consolidated Balance Sheet
Significant events during the fourth quarter 2018
- Ranplan was awarded a contract valued at SEK 3.7 million for research into “Powering Urban Smart mobility with data analytics”
- Ranplan signs a reseller agreement with Marubun, a Tokyo-based company, to sell Ranplan software solutions into the Japanese market.
Significant events after the fourth quarter 2018
- Ranplan Wireless has secured a significant order with an initial value of USD 2.5 million (SEK 22.5 million) for its suite of network planning tools from Marubun Corporation, its reselling partner in Japan, for deployment by an ambitious mobile operator.
Words from the CEO
Ranplan received a Purchase Order in the beginning of Q1 for SEK 22.5 million from our partner Marubun in Japan creating a solid platform to continue to accelerate our revenue growth in 2019.
Ranplan revenues for the fourth quarter amounted to SEK 5.5 million, with a gross margin of 98 %. On a comparative year-on-year basis for the first 12 months of 2018 we have grown our revenues by 118 % over the same period in 2017, from SEK 10.2 million in 2017 to SEK 22.2 million in 2018, and improved the gross margin from 90.6 % to 96.8 %. Losses from operations increased from SEK 21.1 million in FY 2017 to SEK 28.6 million in FY 2018, reflecting the strategic investments the company has recently made and continues to make in strengthening its current product offering, broadening its portfolio for the future and above all expanding its global sales reach. Cash and cash receivables amounted to SEK 38.1 million by end of December 2018.
We have increased our revenues by over 118% in 2018 compared with the previous year and we see solid opportunities for further expansion in 2019 and beyond as evidenced by our recently announced breakthrough in Japan.
The Company maintains robust Gross Margins at a level of 98% in Q4, reflecting the pure licensing nature of our business model. We are continuing to enlarge our global sales organisation to capture the demand for our solutions in the market in particular for 4G (LTE) and now 5G networks in the most challenging conditions within buildings and in dense outdoor urban environments. On a geographical analysis in Q4 we generated more than 90% of revenues from Japan, Europe, the USA and China.
Ranplan secured 9 new customers in Q4 and also received repeat business from 3 existing customers, demonstrating their belief in and satisfaction with the productivity and quality of our planning and optimization solutions.
Currently, the majority of our revenues emanates from customers to perfect their 4G (LTE) networks; however, Ranplan has recently launched a 5G (NR) compliant planning and optimization tool which has prompted significant interest from our existing and also numerous potentially new customers globally.
As of the end of 2018, 192 operators in 81 countries are trialling or actually deploying 5G networks suggesting that a major new investment wave is well underway. The most robust 5G momentum is currently witnessed in the United States, China, Japan and South Korea, followed by Europe, all regions where Ranplan already has invested and will seek to continually invest to build a lasting presence. We believe that the 5G segment will provide further impetus to our revenue trajectory in 2019 and beyond.
In summary, in the past 12 months we have more than doubled our revenues putting us on track to meet our stated objective of sales at or in excess of US$ 25 million by the end of 2022.
We are encouraged by the successful release of our new 5G compliant software tools in Q3 2018 and not least by the ground breaking deal we secured in the beginning of 2019.
Our recent advance and our future success hinge critically on the people we employ. Against this backdrop I wish to conclude by thanking all our teams in all parts of the world for their contributions during a year when Ranplan made its debut as a listed company.
Alastair Williamson
CEO Ranplan Group AB
The complete report is attached to this press release and is available at www.ranplanwireless.com.
For more information:
Alastair Williamson, CEO
Tel: +44 7824 997689
Alastair.Williamson@ranplanwireless.com
www.ranplanwireless.com
This information is such information that Ranplan Group AB is obliged to disclose under the EU Market Abuse Regulation. The information was provided by the above contact person for publication on February 20, 2019 at. 08:00 CET.
About Ranplan
Ranplan Wireless is an innovative wireless technology company that has developed the World’s only solution that can plan, design and optimise inbuilding and outdoor wireless networks in coordination. Our solutions enable us to help an ecosystem of companies deploy the next generation of wireless networks for a range of applications in urban environments, supporting multiple technologies such as 4G LTE, 5G, Wifi and IoT, 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, US and China.
www.ranplanwireless.com
Certified Adviser
FNCA Sweden AB is the Company's Certified Adviser at Nasdaq First North. Tel: 08-528 00 399 E-mail: info@fnca.se
