Publication of Half-year Financial Report to 30 June 2024
30 Settembre 2024 - 10:00PM
UK Regulatory
Publication of Half-year Financial Report to 30 June 2024
Publication of Half-year Financial Report
to 30 June 2024
Cannes, 30 September 2024
22:00, Tonner Drones (the “Company”) published its
half-year financial report for the period from 1 January to 30 June
2024 (the “Period”) today. Tonner Drones is writing off the past
and shifts its resources to more profitable sectors.
Some highlights of the period, June 30, 2024
compared to December 31, 2023:
- Turnover of €93K compared to €1,081K as of December 31,
2023
- Operating expenses of €1,161K, compared to €8,481K as of
December 31, 2023.
- The financial result shows a loss of €1,995K, compared to
€29,604K as of December 31, 2023.
- The exceptional result shows a negative result of €1,252K,
compared to €32,999K as of December 31, 2023.
- The total result for the financial half year is a loss of
€4,347K compared to €10,749K as of December 31, 2023.
- Negative equity of €4,609k compared to €5,044k as of December
31, 2023.
- Cash position €436.371
Despite these results, the Company is well
positioned for the future. Our motto from now will become
“under-promising and over-delivering”. These results are simply a
carryover from the historic operations of prior years and do not
reflect the potential of the Company for the future now that it has
been stabilised.
While the Company has decided to write off many
of its legacy and outdated assets, it will continue to strive
to make those assets yield optimal returns. The genuine value of
these assets will only be realised when they are ultimately
sold.
Unfortunately, when management and the board
changed in June of 2023, it found the Company (then known as Delta
Drones) in a very unstable financial state. Accordingly, resources
had to be directed towards corporate and financial restructuring
rather than towards research and product development.
Under the new motto ('under-promising') the
company has decided to write off many assets. The company now has
hidden values in the form of its interests in private drone
companies and its developing products ‘Inhibitor’ and ‘Countbot’
which hardly contain any value on the balance sheet. The company
also has more than €50 million in carry forward losses from the
past. These carry forward losses make the company an ideal partner
for profitable drone companies to realize these substantial carry
forward losses. Therefore, the company remains interested in
entering partnerships with partners and exploring reverse takeover
(RTO) opportunities.
Moreover, as announced, the Company will shift
its focus to making investments and helping other listed companies.
As CEO Diede van den Ouden stated in the press release of 18
September 2024, he believes this new strategy could lead to
the Company’s profitability in 2025. This result must be achieved
due to the reduced cost structure, a strong broad network and the
high demand from the market.
The Company will further clarify its debt
position in the coming period, a position that will not stand in
the way of the Company’s success, not least of which because Mr.
van den Ouden himself is the largest creditor. He has made
significant investments in rebuilding the Company and will continue
to do so on the road to success.
The Company understands that it has changed
strategy often in the last year and will need to explain the new
strategy better and better to its shareholders and investors. It is
looking forward to the AGM on October 21, where the mandate for the
new strategy must be validated. The Company invites all
shareholders to participate in this meeting. The semi-annual
report can be viewed on the Tonner Drones website.
“I’m convinced that we have taken the right
measures to restructure the company and prepare it for future
growth and profitability. With the new reduced cost structure, it
will not take much to achieve a break-even result. The new slate of
directors has extensive knowledge of the financial markets and
investments. Our goal is to repay the trust of investors and
shareholders and to have the Company in the black in 2025 for the
first time in its history.” stated Diede van den Ouden,
CEO
End of press-release.
About Tonner
Drones: Tonner Drones
(formerly Delta Drone) develops technologies for logistics and
defense and homeland security sectors. Tonner Drones holds valuable
stakes in some promising French drone manufacturers. Tonner Drones’
strategy is to leverage its shareholdings in these companies
through active asset management, a private equity fund, and by
teaming up with other private equity funds to become a significant
industry consolidator. Additional revenues can be achieved through
royalties from patents held by Tonner Drones to recognized
manufacturers. Tonner Drones does not plan on owning a factory;
however, it is determined to retain R&D for its products and
systems in France.
Tonner Drones’ shares are listed on Euronext
Growth Paris (ISIN code: FR001400H2X4).
More information at www.tonnerdrones.com /
contact@tonnerdrones.com
Tonner Drones
Diede van den Ouden
Communication financière
investors@tonnerdrones.com
Warning
Regarding the merits of any transaction or the
making of any investment decision. It does not constitute or
include any confirmation or commitment by Tonner Drones (or any
other person) regarding the present or future value of Tonner
Drones ' business, its securities, its subsidiaries or any other
assets of Tonner Drones .
This press release contains forward-looking
statements based on current beliefs and expectations regarding
future events. These forward-looking statements may include
projections and estimates and their underlying assumptions,
statements regarding plans, objectives, intentions and/or
expectations regarding future financial results, events, operations
and services. and product development, as well as statements
regarding performance or events. These statements are generally
identified by the terms "expect", "anticipate", "believe",
"intend", "estimate", "plan", "project", "may", "should" or the
negative form of these and other similar expressions. These
statements are not guarantees of future performance and are subject
to inherent risks, uncertainties and assumptions regarding Tonner
Drones and its subsidiaries and investments, trends in their
businesses, future capital expenditures and acquisitions,
developments relating to contingent liabilities, changes in global
economic conditions or Tonner Drones ' principal markets,
competitive market conditions and regulatory factors. The
realization of these events is uncertain; their outcome could turn
out to be different from that envisaged today, which is likely to
significantly affect the expected results. Actual results may
differ materially from those anticipated or implied in these
forward-looking statements. Any forward-looking statements
contained in this press release are made as of the date of this
press release. Except as required by applicable law, Tonner Drones
undertakes no obligation to revise or update any forward-looking
statements, taking into account new information or future
events.
- ENG_Publication of Half-year Financial Report to 30 June
2024
Grafico Azioni Tonner Drones (EU:ALTD)
Storico
Da Ott 2024 a Nov 2024
Grafico Azioni Tonner Drones (EU:ALTD)
Storico
Da Nov 2023 a Nov 2024
