Press Release 2022-02-22

TUE, FEB 22, 2022 08:00 CET

BPC Instruments (“BPC” or “the Company”) hereby publishes the year-end report for the period 1 October – December 31, 2021. The year-end report is available as an attached file to this release and on the Company’s website. Below is a summary of the report.

2021-10-01 – 2021-12-31 (fourth quarter)

• Net sales for the quarter amounted to 9,2 MSEK (10,4 MSEK)

• Net profit for the quarter amounted to 2,7 MSEK (3,5 MSEK)

• Earnings per share for the quarter amounted to SEK 0,26 (SEK 0,36*)

2021-01-01 – 2021–12–31 (financial year, twelve months)

• Net sales for the year amounted to 26,4 MSEK (22,1 MSEK)

• Net profit for the year amounted to 4,6 MSEK (3,9 MSEK)

• Earnings per share for the period amounted to SEK 0,44 (SEK 0,40*)

• Cash and cash equivalents at the end of the financial year were 15,6 + 2,4 = 18,0 MSEK (7,2 + 1,3 = 8,5 MSEK)

“BPC Instruments” refers to BPC Instruments AB with organization number 556687-2460. The number of shares in BPC Instruments as of December 31, 2021: 10 454 000 shares (9 722 000*).

*The number of shares for the comparing periods has been recalculated with regards to the merger 1:400 that was made in 2021. 

CEO Jing Liu Comments

I am proud to share BPC’s first year-end report as a listed company. BPC Instruments has developed and sold automated, analytical instruments that allow for more efficient, reliable, and higher quality of research and analysis in the biogas sector for over 15 years. 2021 marks an eventful year in BPC’s history in which we have seen a record high turnover for our flagship products and welcomed 400 new shareholders to the Company.

I would like to begin by thanking everyone who participated in the issue of shares in connection with our successful IPO and welcoming 400 new shareholders to our Company. We are very grateful for the confidence and interest shown in BPC Instruments and we will now use the funds to finance our business expansion in both geographic distribution and market penetration in different application fields. The capital provided allows us to accelerate new product development including the next generation of flagship apparatus, which we expect to share more information about over the coming year.

The interest in BPC and our technology is rapidly growing and I am proud to announce that we have seen a record-high turnover in 2021 for our flagship products Gas Endeavour^® and AMPTS^® II. The high interest is clearly shown in our figures for 2021 in which we have received net sales revenue amounting to SEK 26,4 million with a profit before tax of SEK 5,2 million. Even during the most unstable of times, like during the current pandemic, our smart analytical instruments kept being the top choice of universities, research institutes, and service providers all around the world.

The figures strongly support that BPC is a very solid and stable Company and matches our performance record in the past years in which we have kept that trend. Our annual financial figures show 19,4 % net sales growth which means BPC is not only keeping the solid and stable trend but also demonstrating quite remarkable growth in the most unstable of times. The net sales of our flagship products surpassed our H2 2021 and Q4 2021 expectations and I am looking forward to a continued strong sales pipeline in 2022 to further meet our goal of building solid long-term business growth based on cleantech and sustainability.

During the year, we have welcomed many new companies and universities to our ever-growing family of customers and we are committed to ensuring the highest product quality throughout our portfolio, focusing on being service-minded, and always meeting the needs of our customers.

It is our ambition to make sure that our instruments can be our clients’ tools for more efficient, reliable, and high-quality research and analysis, leading to significant reductions in time consumption and labor requirement, as well as more efficient utilization of manpower resources.

In 2021 we successfully entered several new industrial segments and today market advanced analytical instruments globally for optimizing biogas production, improving animal feed and nutrition, the biodegradability evaluation of new polymer materials for replacing plastics. We will use the strong momentum we have achieved moving forward to further expand globally into new markets, such as East Asia and North America, and accelerate the development of a new generation of our popular flagship apparatus.

It’s with great pride that I sum up a successful year for BPC Instruments where our single most important event was the listing on the Spotlight Stock Market. Once again, I would like to thank everyone who subscribed in connection with the IPO, for your interest in BPC instruments and our technology and I look forward to an exciting period ahead that will include several value-creating milestones throughout the year 2022.

Highlights Q4 2021

16 December 2021 was the first day of trading in BPC Instruments AB (“BPC Instruments”) shares. BPC Instruments shares are traded under the ticker “BPCINS” with ISIN SE0017130826. Prior to the listing at Spotlight Stock Market, BPC Instruments has conducted a successful IPO which has provided the company with approx. SEK 15 million (before issue costs) and approx. 400 new shareholders. The issue proceeds will primarily finance the acceleration of new product development including the next generation of flagship apparatus, the business expansion both in new potential industrial sectors/segments and the key geography markets outside the EU such as the US and China and strengthen cash buffer to support the growth of the business operation.