Tilgin Year-end report 2007

Tilgin Year-end report 2007

Fourth quarter 2007
•  Net sales SEK 117.6 million (168.0).
•  Net result SEK -5.1 million (6.3), of which write-downs on inventory and
capitalized development expenses negatively affected the result by SEK -0.8
million (-1.9) and by SEK -5.2 million (-0.1) respectively.
•  Result per share SEK -0.23 (0.33) before dilution.
•  Order intake SEK 52.0 million (153.2) and order backlog as of 31 December
2007 SEK 40.2 million (103.0).
•  Gross margin 32 % (25 %).
•  Operating result SEK -6.2 million (7.3). 
•  Cash flow from operating activities SEK 7.2 million (-43.0).
•  Cash and bank SEK 34.0 million (92.3) as of 31 December 2007.

Full year 2007
•  Net sales SEK 391.2 million (452.9).
•  Net result SEK -51.5 million (-34.4), of which write-downs on inventory and
capitalized development expenses negatively affected the result by SEK -17.3
million (-12.2) and by SEK -5.2 million (-0.1) respectively.
•  Loss per share SEK -2.31 (-2.45) before dilution.
•  Gross margin 24 % (22 %).
•  Operating loss SEK -50.7 million (-31.0). 
•  Cash flow from operating activities SEK 53.3 million (-100.6).

Other issues
•  The Board has resolved to propose a preferential rights issue of shares and
warrants. The issue is fully guaranteed. For each subscribed new share the
nominal amount of SEK 3.25 shall be paid. The warrants are received at no cost.
If the new share issue is fully sub¬scribed to, the company will be provided
approximately SEK 72 million before issue and guarantee expenses, entailing a
dilution of 50 %.

(Click on below PDF-icon to access or download Tilgin's Year-end report 2007 in
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This press release has been reported to the Swedish Financial Supervisory
Authority subject to FFFS 2007:11 

Phone conference:
In view of the year-end report, the capital market is invited to a conference
call on Friday 15 February. The conference will start at 09:00 CET. Participants
may follow the conference via Internet, website www.tilgin.com/q407, or access
it by dialing UK +44 (0)20 881 79 301 or Sweden +46 (0)8 505 20 270.
Confirmation code 3462377. A presentation will be held available at the
company's web site (www.tilgin.com) when the phone conference starts. A web cast
from the phone conference is available on the company's website also after the
phone conference take place www.tilgin.com/q407. 


Scheduled reports:
•  The interim report for January - March 2008 will be presented on 18 April
2008.
•  The interim report for January - June 2008 will be presented on 22 August
2008.
•  The interim report for January - September 2008 will be presented on 24
October 2008.
•  The year-end report for 2008 will be presented on 13 February 2009.


For further information, please contact:
•  Ola Berglund, CEO Tilgin AB (publ), Phone: +46 (0)739-61 86 03, E-mail: 
ola.berglund@tilgin.com 
•  Mikael Sköld, CFO Tilgin AB (publ), Phone: +46 (0)0708-48 30 11, E-mail: 
mikael.skold@tilgin.com


About Tilgin:
Tilgin designs and delivers premier IP customer premises equipment (CPE) for
advanced Triple Play and IMS-based services. Supporting the full convergence of
voice, video and data, Tilgin takes a network systems approach to CPE that
enables service providers to offer a broad range portfolio of 
innovative and competitive broadband services. Tilgin's comprehensive product
portfolio of IP residential gateways, set-top boxes and related management
applications, offers service providers unprecedented return on investment -
delivering new service revenues and impressive cost savings over the lifetime of
the product. Tilgin was founded in 1997 under the name i3 micro technology and
listed on the Stockholm Stock Exchange on the Nordic List as of December 2006.
It is headquartered in Kista, Sweden, with European sales representation in
France and Germany. www.tilgin.com