Image Systems AB filed its Annual on Apr 18, 2013 for the period ending Dec 31, 2012. In this report its auditor, Deloitte & Touche LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Image Systems AB announced consolidated and parent earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter on consolidated basis, revenue was SEK 46.5 million against SEK 25.3 million for the same period a year ago. Operating loss was SEK 18.0 million against SEK 14.1 million for the same period a year ago. Loss before taxes was SEK 19.0 million against SEK 14.3 million for the same period a year ago. Loss of which attributable to the Parent company's equity holders was SEK 18.5 million or 0.10 loss per share against SEK 15.5 million or 0.39 loss per share for the same period a year ago. EBITDA was SEK 3.5 million against LBTDA of SEK 12.8 million for the same period a year ago. Cash out flow from operating activities was SEK 2.3 million against cash inflow of SEK 1.3 million for the same period a year ago. Negative cash flow per share was SEK 0.01 against cash flow per share of SEK 0.03 for the same period a year ago. For the full year on consolidated basis, revenue was SEK 132.8 million against SEK 88.5 million for the same period a year ago. Operating loss was SEK 38.7 million against SEK 23.0 million for the same period a year ago. Loss before taxes was SEK 41.2 million against SEK 24.0 million for the same period a year ago. Loss of which attributable to the Parent company's equity holders was SEK 40.7 million or 0.26 loss per share against SEK 25.2 million or 0.81 loss per share for the same period a year ago. LBTDA was SEK 12.1 million against SEK 18.7 million for the same period a year ago. Cash out flow from operating activities was SEK 18.2 million against SEK 16.1 million for the same period a year ago. Negative cash flow per share was SEK 0.33 against SEK 1.49 for the same period a year ago. For the quarter on parent basis, revenue was SEK 16.7 million against SEK 17.4 million for the same period a year ago. Operating income was SEK 4.5 million against operating loss of SEK 3.9 million for the same period a year ago. Loss before taxes was SEK 65.1 million against SEK 5.7 million for the same period a year ago. Net loss for the period was SEK 65.1 million against SEK 5.7 million for the same period a year ago. Cash flow from operating activities was SEK 3.9 million against SEK 3.8 million for the same period a year ago. For the full year on parent basis, revenue was SEK 43.4 million against SEK 57.5 million for the same period a year ago. Operating loss was SEK 1.0 million against SEK 3.1 million for the same period a year ago. Loss before taxes was SEK 72.9 million against SEK 4.8 million for the same period a year ago. Net loss for the period was SEK 72.9 million against SEK 4.8 million for the same period a year ago. Cash out flow from operating activities was SEK 7.4 million against cash flow from operating activities of SEK 1.3 million for the same period a year ago.

Image Systems AB announced that they will report Q1, 2013 results on May 03, 2013