poLight ASA (DE:3OL0) has released an update.
poLight ASA reported significant Q1 2024 advancements including new product releases utilizing their TLens® technology, strategic board member changes, and a successful rights issue generating NOK 124 million. The company’s EBITDA was at NOK -18.8 million, marking an increased loss from the previous year, but with a strong cash position pre-share issue. CEO Øyvind Isaksen expressed confidence in poLight’s trajectory in shaping the future of tunable optics.
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