Shape Robotics raises expectations for 2023


Company Announcement no. 2-24
Copenhagen, February 8, 2024

The announcement contains inside information

A record-breaking fourth quarter of 2023 with a significant increase in orders prompts Shape Robotics to announce today the adjustment of the company's expectations for the fiscal year 2023 to a revenue level of DKK 170 million and Adjusted EBITDA at the level of DKK 8 million.

The previous 2023 guidance was in the range of DKK 145-155 million and Adjusted EBITDA of DKK 4-6 million.

Updated 2023 guidance
Revenue DKK 170 million (from DKK 145-155 million)
Adjusted EBITDA* DKK 8 million (from DKK 4-6 million)

The company expects to announce a new three-year growth strategy in the first quarter of this year, including expansion plans and the development of new products in collaboration with partners. The strategy will also include expected goals for revenue and EBITDA growth levels until the end of the fiscal year 2026.

The company expects to present interim financial statements for 2023 on February 29, 2024.

*Adjusted EBITDA excludes all costs related to the listing in 2023 on the Nasdaq Main Market

Additional information and investor relations

Jeppe Frandsen,Chairman
André Fehrn, CEO

Tlf.: +45 53 51 31 31
CVR-nr. 38322656

[Company Announcement]