Guidance 2024 - high growth expectations

COMPANY ANNOUNCEMENT NO. 94

Inside information

Today, LED iBond International A/S launch its revenue outlook for 2024 and predicted cash flow from operations. Martin Løbel, CEO of LED iBond international comments:

In December 2023, LED iBond succeeded in raising DKK 10 million in new capital despite difficult financial markets to extend the company's runway towards self-sustained operations, and I'm pleased with this trust from our shareholders.

Despite the successful steps during 2023, the overall objective is still for us to demonstrate substantial revenue growth, and based on our pipeline and market feedback, we have high expectations for 2024 with a revenue guidance of DKK 10 - 12 million for the full year."

Outlook 2024

In company announcement no. 82 29 November 2023 LED iBond International A/S updated its outlook for 2023 to reflect the short-term timing shift on a few larger projects.

LED iBond International A/S outlook for 2024 and 2025 is:  

• Revenue of DKK 10 - 12 million for 2024
• Positive cash flow from operations during 2025

Further Information

Martin Løbel, CEO
Mobile: [phone]
Email: [e-mail]

Company contact
LED iBond International A/S
Agern Allé 5A
2970 Hørsholm
Denmark

CVR 36041609

[phone]
[e-mail]
www.ledibond.com

Certified adviser

Västra Hamnen Corporate Finance
Stortorget 13A
211 22 Malmö
Sweden

Telephone: [phone]
Email: [e-mail]

About LED iBond International A/S

Founded in 2014, LED iBond International offers innovative lighting solutions, based on years of development and deep knowledge of modern LED technology combined with advanced packaging and assembly technology. Our patented technology platform includes a very thin formfactor of only 6 mm for the light panels, offering a unique value proposition based on high design flexibility, robustness, IoT integration, and low total costs of ownership due to market leading energy efficiency and superior cooling properties. The technology platform also reduces the installation cost due to a modular design with a limited need for traditional electrical wiring.    

LED iBond's technology has been installed in many projects, ranging from intelligent shelf lighting to numerous large scale illumination projects such as various parking facilities and as the indoor installation of 3.2 kilometres of TRACY®, the company's innovative flagship product, at the Technical University of Denmark. LED iBond's has also developed software-based advanced light management systems for control of lighting solutions.

LED iBond is focusing on three key business lines: Smart Building (Industry & Home), Indoor and Vertical Farming, and UV Disinfection, all projected to show significant growth in the years to come. For Indoor and Vertical Farming segments, LED iBond's roadmap includes lighting solutions which incorporate advanced IT management with monitoring using sensors, cameras, and plant analysis.

Manufacturing takes place in Denmark in LED iBond's own production facility with highly automated assembly lines.

LED iBond International A/S is admitted to trading on Nasdaq First North Growth Market Denmark (ticker: LEDIBOND).

https://news.cision.com/led-ibond/r/guidance-2024---high-growth-expectations,c3952140

https://mb.cision.com/Main/19206/3952140/2695687.pdf

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