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Shape Robotics realize growing sales in Q1 and maintains the full year financial guidance

05 April 2021 - 21:17

Company Announcement No. 26-2021
Copenhagen, April 5, 2021

Shape Robotics realized sales in Q1 2021 for MDKK 2.15, compared to MDKK 2.00 in Q1 2020, a growth of more than 7% despite continued covid-19 lock-downs in most of the Company’s main markets.

The revenue came mainly from danish customers (40%) and the rest was export, mostly to some of the Company’s other main markets in UK, Russia and The Netherlands.

The contribution margin for Q1 2021 is expected to improve from 46% in Q1 2020 to a range of 48-50% in Q1 2021.

The Company maintains the expectations for the full year revenue in 2021 (MDKK 14-17).

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About Shape Robotics A/S

Shape Robotics is a Danish robotics company with a strong position in the global educational technology (”EdTech”) market. The Company has developed Fable, a unique modular robot that makes it easy and fun for students to build and program their own robots. Since the launch of Fable in 2017 thousands of robots have been sold and shipped to schools around the world.

Shape Robotics helps educational institutions provide excellent teaching that will prepare students for a fast-changing future where digital technologies, artificial intelligence, and automation are transforming life and work. Fable is a modular robot that students can build in seconds. The robot system is robust, can withstand everyday usage in classrooms and can be used to solve demanding tasks. Students code Fable depending on their experience - from simple block programming to coding in the advanced Python language. Comprehensive teaching materials have been developed in collaboration with professional educators. Therefore, Shape Robotics provides complete teaching solutions for educational institutions from the 3rd grade to high-school and vocational schools.

In 2020 Shape Robotics launched a new telepresence robotics system called Fable Connect. The system enables schools to get homebound students back in the classroom using the robot as a communication device. The product broadens the company’s offering and has been well received by the Danish Schools. Hundreds of Fable Connect robots are now being used at schools and hospitals, mainly by children with long-term health issues. The market for Fable Connect is expected to grow and become an important product for the company in the years to come.

Further Information

David Johan Christensen, CEO Shape Robotics A/S
 Tel. (+45) 2685 0903
Email: [email protected]
 

Investor relations

André Fehrn, CFO Shape Robotics A/S
Tlf. (+45) 2444 8556
Email: [email protected]
Rugmarken 18, 3520 Farum, Denmark
CVR-nr. 38322656
www.shaperobotics.com

Certified advisor contact

Norden CEF ApS
John Norden
Tlf: +45 20 72 02 00
E-mail: [email protected]
www.nordencef.dk 

Provided by: Cision
Nasdaq First North GM (Denmark)
Shape Robotics A/S
Shape Robotics is an educational technology company. It has developed Fable, a modular robotic system that makes it easy and fun for students to build and program their own robots....
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