Annual Report 18/19

25.09.2019

Seluxit presents an annual report showing a significant revenue growth compared to 2017/18, and a year which was strongly influenced by listing on the Nasdaq First North Growth Market in November 2018.

CEO Daniel Lux:

“2018/19 has been one of the most exciting years in Seluxit's history. We are very pleased with both the financial and operational results. Some of the results we have created with our dedicated staff and great partners are:

  • Stock exchange listing of Seluxit with 41% oversubscription
  • Revenue growth of more than 120% compared to 2017/18
  • Appointment of sales director and establishment of a sales organization
  • Development of new standard components

The goal for 2018/19 was to create business visibility in the market and raise capital for the continued development of the technological IoT platform and to grow the business. We wanted more focused marketing and the establishment of a sales organization, as well as introducing our solutions to a wider customer base. These ambitious goals have been realised.”

Read the press release here.