Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 3 highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Lars Moller was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • May 14
Realfiction Holding AB (publ), Annual General Meeting, Jun 30, 2026 Realfiction Holding AB (publ), Annual General Meeting, Jun 30, 2026. Duyuru • Jan 02
Realfiction Holding AB Provides Commercial Update on Its Directional Pixel Technology Realfiction Holding AB has decided to postpone a final decision on a project proposal from a Chinese LED wall manufacturer following commercial evaluation in late 2025. During the second half of 2025, Realfiction participated in advanced discussions with a large Chinese LED wall manufacturer regarding a potential long-term project to develop a mass-production product. Following several months of internal budget preparation by the manufacturer, a proposal with detailed commercial terms was presented for negotiation in late December. On the terms currently proposed, Realfiction is not in position to accept the proposal. The parties will therefore continue discussions in an effort to establish a more balanced commercial framework during the beginning of 2026. Should such adjustments not be achievable, Realfiction may ultimately decide not to proceed with the proposal. Board Change • Dec 30
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Lars Moller was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Apr 24
Realfiction Holding AB (publ), Annual General Meeting, Jun 23, 2025 Realfiction Holding AB (publ), Annual General Meeting, Jun 23, 2025. Duyuru • Apr 15
Realfiction Holding AB and PlayNitride to Unveil World's First Glasses-Free 3D MicroLED Display Realfiction Holding AB announced a major milestone achieved in collaboration with PlayNitride: the unveiling of the world's first MicroLED-based 3D display, powered by Realfiction's Directional Pixel Technology. The 9-inch display will be exhibited for the first time at Touch Taiwan 2025, taking place from April 16 to April 18 at the Taipei Nangang Exhibition Center. Developed through close cooperation with PlayNitride, the display combines their world-class MicroLED expertise with Realfiction's latest-generation Spatial Light Modulator (SLM)-a key enabler of immersive multi-view, glasses-free 3D experiences. It is engineered to function across all major display technologies, including MicroLED, OLED, LCD, and LED. The 9-inch display format reflects alignment with PlayNitride's existing product lineup. Realfiction's technology is inherently scalable and suitable for a wide range of display sizes and applications. This achievement addresses a key challenge in developing 3D displays based on MicroLED technology. While MicroLED offers exceptional brightness and speed, its high heat output and modular structure makes it incompatible with traditional lenticular approaches to 3D. These lense-based displays suffer from heat-related degradation, alignment inaccuracies, and resolution loss - issues that are worsened by the intensity of MicroLED panels. Realfiction's directional Pixel Technology does not rely on lenticular sheets, making it uniquely well-suited for MicroLED and enabling reliable, high-performance glasses-free 3D displays for the first time. Following strong interest from recent presentations in Asia and the upcoming Touch Taiwan exhibition, Realfiction is currently refining discussions with potential partners with the goal of establishing NRE (non-recurring engineering) and license agreements for commercial display development based on its Spatial Light Modulator. Duyuru • Mar 27
Realfiction Holding AB (publ) to Report Q4, 2024 Results on Mar 27, 2025 Realfiction Holding AB (publ) announced that they will report Q4, 2024 results After-Market on Mar 27, 2025 Reported Earnings • Aug 30
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: kr2.51m (up 53% from 2Q 2023). Net loss: kr8.59m (loss widened 193% from 2Q 2023). Reported Earnings • Jun 04
First quarter 2024 earnings released First quarter 2024 results: Revenue: kr1.70m (down 42% from 1Q 2023). Net loss: kr8.12m (loss widened kr6.78m from 1Q 2023). Reported Earnings • Mar 25
Full year 2023 earnings released: kr0.31 loss per share (vs kr0.07 loss in FY 2022) Full year 2023 results: kr0.31 loss per share (further deteriorated from kr0.07 loss in FY 2022). Revenue: kr9.92m (down 53% from FY 2022). Net loss: kr6.10m (loss widened 339% from FY 2022). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Dec 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr19m). Revenue is less than US$5m (kr19m revenue, or US$1.8m). Market cap is less than US$100m (€37.0m market cap, or US$40.0m). Duyuru • Dec 01
Realfiction Holding AB (publ), Annual General Meeting, Jun 24, 2024 Realfiction Holding AB (publ), Annual General Meeting, Jun 24, 2024. Duyuru • Nov 30
Realfiction Holding AB to Demonstrate LCD, OLED and MicroLED Based 3D Display Technology At CES 2024 Realfiction Holding AB announced that it will demonstrate four versions of its Directional Pixel Technology ("Directional Pixel Technology" or "DPT", formerly known as Project ECHO), enabling home cinema-sized glasses-free 3D displays for up to 5 persons (10 views) at the same time with 4K resolution, during the Consumer Electronics Show (CES) in Las Vegas in January 2024. While impressive single user 3D displays for tablets and notebooks have been shown before, the world is still waiting for the first large, multiuser, high quality naked-eye 3D display. Realfiction believes its novel time- multiplexing holds the key to achieving this, and the Company is proud to unveil a range of DPT display demonstrations based on LCD, OLED and MicroLED during the CES week. The four DPT demos to be demonstrated during CES include a 17-inch Multiview LCD display and a 17-inch 3D Multiuser LCD display (both scalable to large TV sizes), a small segment of a 65-inch OLED 3D Multiuser display (scalable to large TV sizes/home cinema), and a 2-inch HybridScan MicroLED proof-of-concept (scalable to largeTV sizes/home cinema when large-size microLED displays become commercially viable). All technologies are ready for licensing, and Realfiction is currently pursuing commercial licensing deals and/or collaborations to enable mass manufacturing. A 17-inch multiview demo where users can see different content on the same display - in full resolution. The multiview feature comes as a natural part of any 3D DPT display but can also be made simpler for 2D only. This can be relevant to increase safety and entertainment in automotive, and for applications where privacy or differentiated view is either a need or a benefit. A 17-inch 3D multiuser demo showing that the DPT technology is unique in its capacity to show 3D content to more than one user at a time, even without lowering the screen resolution to half or less, which is the normal approach with glasses-free 3D display technology. While shown on a 17-inch display, the technology can be scaled up to large TV sizes. An OLED DPT backplane proof-of-concept with 600 active matrix TFT subpixels per pixel, with less than 50% increase in number of addressing electrodes. This OLED version demonstrates a segment of a 65-inch 4K display suitable for home cinema use, and scalable to even larger sizes. The OLED version is capable of showing different content for 5 3D viewers or 10 2D viewers at the same time with no loss of resolution. A 2-inch MicroLED proof-of-concept that effectively demonstrates how the DPT time- multiplexing driving system is capable of showing different content for 5 3D viewers or 10 2D viewers at the same time on a MicroLED display, with a refresh rate of 130 frames per second for each view and no loss of resolution. Board Change • Oct 19
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Lars Moller was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Sep 24
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -kr19m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr19m). Revenue is less than US$5m (kr19m revenue, or US$1.7m). Market cap is less than US$100m (€32.1m market cap, or US$34.2m). Board Change • Aug 21
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Lars Moller was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • May 23
Realfiction Holding AB Updates on Its Next-Gen Microled Echo Proof-Of-Concept Exhibit At Display Week and Its Echo Commercialization Strategy Realfiction Holding AB announced an update on its microLED ECHO proof-of-concept display that has been selected by the Society for Information Display ("SID") to be exhibited in the Innovation Zone ("I-Zone") area of Display Week 2023 in Los Angeles Convention Center from tomorrow until 25 May and its commercialization strategy. Realfiction will exhibit its newest and patent pending invention at Display Week 2023. The invention combines microLED and ferroelectric liquid crystals (FLC) in a configuration together with Realfiction' s proprietary driving system. Such configuration enables many simultaneous users to see different 2D or 3D images on the same display without any loss of resolution. On the exhibited 2-inch proof-of-concept display 10 different views (corresponding to 5 3D viewers or 10 2D viewers) are presented simultaneously at a frame rate of 130 frames per second for each view. The configuration can also be based on a combination of OLED and FLC. However, by using microLED, the Company was able to produce this proof-of-concept display very rapidly and at a low cost, thus allowing it to showcase its capabilities at Display Week tomorrow. The patent pending invention greatly simplifies the manufacturing process used in current 3D and dual view 2D displays: either spatial multiplexing for many users with reduced resolution or time division multiplexing allowing only two individual views. The Company's development and commercialization plans now include three paths and opportunities: the first being the ECHO LCD technology that was announced in a press release on 30 January 2023, and. the second being the ECHO microLED or OLED based FLC display technology exhibited at Display Week, and. the third being the "pure" OLED ECHO path for which the successful completion of the integration license package was announced on 1 April 2022 and a notice of allowance confirming the patentability was announced on 31 January 2023. Duyuru • Jan 31
Realfiction Holding Announces Completion of First Version of an ECHO Holographic 3D Display Realfiction Holding AB (publ) announced the completion of a first version of an ECHO holographic 3D display. The display is based on the Company's patent- pending ECHO technology, which enables glasses-free 3D experiences for multiple viewers. Potential commercial partners are now being invited to view the display at Realfiction's development facilities in Taiwan from late February 2023, with public demonstration to be announced later in the year 2023. Realfiction's development team, in collaboration with AmTRAN, has now completed a first version of an ECHO display. This display is a 17-inch full-HD display, capable of showing individual 3D and 2D for two simultaneous viewers. This initial size has been chosen to suit some specific use-cases, and there are no known technical limitations preventing the Company from making ECHO displays in larger sizes with higher resolution, as well as for more users. As opposed to other currently known glasses-free 3D displays, ECHO displays do not reduce the resolution in order to show 3D, which is a huge benefit. Also, there is no reduction in image clarity and quality when showing 2D as other solutions are burdened with. But more importantly, the unique and patent pending directional pixel approach in Project ECHO allows multiple viewers to see individual real-time generated 3D perspectives. Another unique feature is dual view, where each viewer can see completely different 2D video streams. This can be very useful in some use-cases, one of which is automotive. Here, dual view would allow the passengers to use the display for entertainment purposes, like watching TV or playing videogames, without the risk of distracting the driver, as the driver could simultaneously be watching purely relevant information in the display such as navigation directions. Demonstration of the first ECHO display version is limited to invite-only. Meanwhile, a couple of important improvements will be made before finalizing the first public display version. When the public display version is completed, the date and place of the first public presentation will be revealed. A public presentation will most likely be held during the second half of 2023. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Lars Moller was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 21
Full year 2021 earnings released Full year 2021 results: Revenue: kr19.7m (up 36% from FY 2020). Net loss: kr970.0k (loss narrowed 88% from FY 2020). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Lars Moller was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 29
First quarter 2021 earnings released The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: kr1.69m (down 52% from 1Q 2020). Net loss: kr1.15m (loss narrowed 53% from 1Q 2020). Reported Earnings • Mar 26
Full year 2020 earnings released: kr0.53 loss per share (vs kr1.04 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: kr9.50m (down 62% from FY 2019). Net loss: kr8.20m (loss narrowed 37% from FY 2019). Duyuru • Jan 31
Realfiction Announces Positive Results from the ECHO Backplane Feasibility Study Realficon Hololding AB announced positive results from the ECHO backplane feasibility study, which was announced in November 2020. The simplified ECHO fabrication approach pre-validated during the study aims for easier integration, a slimmer form factor and even lower manufacturing costs for both the LCD and OLED version of the ECHO 3D holographic display. The positive results were produced in a feasibility study by Realfiction's development team with important contribution from Aalborg University, Denmark, and other collaboration partners. The Company will now focus on the second step of the completion phase: finalizing the remaining subprojects of the ECHO integration license package no later than the end of first quarter, 2022. This will be done in collaboration with leading European research institutes and facilities. The ECHO integration license package is expected to include specification of components, illustrations and diagrams needed for a multi-user ECHO display. The remaining part of the completion phase will take 11-14 months, upon which the license package shall enable mass production of full-sized, high resolution multi-user ECHO 3D holographic display products at a price point affordable for a broad consumer base after scaling the production to meet the expected global demand. 