Xer Tech (XER) Q4 2022 earnings summary

Executive summary

• Investment focus spans listed and unlisted businesses supporting sustainable development, including energy efficiency, renewable power generation and resource management.

• 2022 ended with a net loss of SEK 780,356, compared with net income of SEK 378,883 in 2021; total assets were SEK 8.26m.

Financial highlights

• Revenue rose to SEK 178,784 from SEK 87,920; discounted fees billed during the year explain the increase.

• Operating loss widened to SEK 1,384,653 from SEK 158,736, with external costs of SEK 1,585,957 versus SEK 246,655.

• Net financial income was SEK 604,297, including SEK 490,965 in interest income and SEK 117,634 from securities sales; net loss was SEK 780,356.

Key financial ratios and metrics

• Equity ratio was 96.26%, down from 99.72% in 2021; total equity was SEK 7,954,131 at year-end.

• Cash and bank balances were SEK 3,930,863, compared with SEK 6,210,403 at the prior year-end.