5 results
20-F
2023 FY
RAN
RanMarine Technology B.V.
2 Jul 24
Annual report (foreign)
7:16pm
Year Ended December 31, | ||||||||||||||||
2023 | 2022 | Change | % Change | |||||||||||||
Sales | € | 649,880 | € | 432,427 | € | 217,453 | 50 | % | ||||||||
Cost of sales | 364,820 | 236,531 | 128,289 | 54 | % | |||||||||||
Gross profit | 285,060 | 195,896 | 89,164 | 46 | % | |||||||||||
Gross profit percentage | 44 | % | 45 | % | -1 | % | - | % | ||||||||
Research and development | 141,804 | 143,806 | (2,002) | (1 | )% | |||||||||||
Sales and marketing | 605,120 | 203,277 | 401,843 | 198 | % | |||||||||||
General and administrative | 2,654,723 | 1,067,986 | 1,586,737 | 149 | % | |||||||||||
Total operating expenses | 3,401,647 | 1,415,069 | 1,986,578 | 140 | % | |||||||||||
Operating loss | (3,116,587) | (1,219,173) | (1,897,414) | 156 | % | |||||||||||
Other expenses, net | (2,210,921) | (1,902,870) | (308,051) | 16 | % | |||||||||||
Net loss before taxes | (5,327,508) | (3,122,043) | (2,205,465) | 71 | % | |||||||||||
Provision (benefit) for income taxes | - | 125,523 | (125,523) | |||||||||||||
Net loss | € | (5,327,508) | € | (3,247,566) | € | (2,079,942) | 64 | % |
20-F
2023 FY
RAN
RanMarine Technology B.V.
2 Jul 24
Annual report (foreign)
7:16pm
Schedule of Research And Development
2023 | 2022 | |||||||
Compensation and benefits | € | 564,657 | € | 447,517 | ||||
Other research and development costs | 49,894 | 23,499 | ||||||
Capitalized R&D costs | (472,747) | (327,210) | ||||||
Total | € | 141,804 | € | 143,806 |
20-F
2023 FY
RAN
RanMarine Technology B.V.
2 Jul 24
Annual report (foreign)
7:16pm
Consolidated Statements of Operations and Comprehensive Loss (€)
For the Year Ended December 31, 2023 | For the Year Ended December 31, 2022 | |||||||
Sales | € | 649,880 | € | 432,427 | ||||
Cost of sales | 364,820 | 236,531 | ||||||
Gross profit | 285,060 | 195,896 | ||||||
Operating expenses | ||||||||
Research and development | 141,804 | 143,806 | ||||||
Sales and marketing | 605,120 | 203,277 | ||||||
General and administrative | 2,654,723 | 1,067,986 | ||||||
Total operating expenses | 3,401,647 | 1,415,069 | ||||||
Operating loss | (3,116,587) | (1,219,173) | ||||||
Other expenses, net | (2,210,921) | (1,902,870) | ||||||
Net loss before taxes | (5,327,508) | (3,122,043) | ||||||
Provision (benefit) for income taxes | - | 125,523 | ||||||
Net loss and comprehensive loss | € | (5,327,508) | € | (3,247,566) |
20-F
2023 FY
RAN
RanMarine Technology B.V.
2 Jul 24
Annual report (foreign)
7:16pm
2023 | 2022 | |||||||
Sales (Note 19) | € | 649,880 | € | 432,427 | ||||
Cost of sales | 364,820 | 236,531 | ||||||
Gross profit | 285,060 | 195,896 | ||||||
Operating expenses (Note 20) | ||||||||
Research and development (Note 20.1) | 141,804 | 143,806 | ||||||
Sales and marketing (Note 20.2) | 605,120 | 203,277 | ||||||
General and administrative (Note 20.3) | 2,654,723 | 1,067,986 | ||||||
Total operating expenses | 3,401,647 | 1,415,069 | ||||||
Operating loss | (3,116,587) | (1,219,173) | ||||||
Other expenses, net (Notes 21 and 22) | (2,210,921) | (1,902,870) | ||||||
Net loss before taxes | (5,327,508) | (3,122,043) | ||||||
Provision (benefit) for income taxes (Note 11) | - | 125,523 | ||||||
Net loss and comprehensive loss | € | (5,327,508) | € | (3,247,566) | ||||
Basic loss per ordinary share: | € | (0.81) | € | (0.50) | ||||
Weighted average ordinary shares outstanding: | 6,552,558 | 6,552,558 |
20-F
2023 FY
RAN
RanMarine Technology B.V.
2 Jul 24
Annual report (foreign)
7:16pm
Schedule of Intangible Assets
Research and development costs | Concessions intellectual property rights | Total | ||||||||||
Cost or valuation | ||||||||||||
At January 1, 2022 | € | 470,817 | € | 28,622 | € | 499,439 | ||||||
Additions | 464,670 | - | 464,670 | |||||||||
At December 31, 2022 | 935,487 | 28,622 | 964,109 | |||||||||
Additions | 590,993 | - | 590,993 | |||||||||
Amortization | (151,550) | - | (151,550) | |||||||||
At December 31, 2023 | € | 1,374,930 | € | 28,622 | € | 1,403,552 |
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