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Terranet AB – Interim report Q3 2024

GlobeNewswire LogoGlobeNewswire2w ago

Terranet AB – Interim report Q3 2024 - GlobeNewswire

Quick Summary:

Another important customer project in the third quarter is VERDAS (Verification Methods for Robust Driver Assist System Performance), which aims to identify limitations in current vehicle safety solutions, analyze new rating method requirements from Euro NCAP, and explore how BlincVision can create additional value.

Financial overview   Jul – Sep 2024 Jul – Sept 2023 Jan – Sept 2024 Jan – Sept 2023 Jan – Dec 2023 Revenue (TSEK) - 216 282 629 834 Operating result (TSEK) -7 987 -7 925 -26 253 -26 707 -35 926 Financial items (TSEK) -747 -815 -2 810 -3 582 -37 190 Earnings per share (SEK) -0,01 -0,01 -0,03 -0,07 -0,15 Closing cash (TSEK) 12 861 34 179 12 861 34 179 29 006 Comments from the CEO ” A successful third quarter – BlincVision is approaching the market" The third quarter marks a significant step forward as we deliver according to plan.

Significant events during the third quarter Autonomous braking completed at the AstaZero test trackBlincVision now functions as an independent driver assistance system, marking a strategic milestone in its development.

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Article Details

Author / Journalist: Terranet Tech AB

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 07:00:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 1075 words

Reading Time: 6 minutes read

Sentences: 53 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 23458200

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 2 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 12 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

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