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Last 3.81 NOK
Change Today +0.11 / 2.97%
Volume 529.1K
THIN On Other Exchanges
As of 4:58 AM 11/25/15 All times are local (Market data is delayed by at least 15 minutes).

thin film electronics asa (THIN) Snapshot

3.73 NOK
Previous Close
3.70 NOK
Day High
3.84 NOK
Day Low
3.66 NOK
52 Week High
02/25/15 - 8.10 NOK
52 Week Low
08/24/15 - 2.15 NOK
Market Cap
Average Volume 10 Days
-0.35 NOK
Shares Outstanding
Dividend Yield

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thin film electronics asa (THIN) Details

Thin Film Electronics ASA engages in the research, development, production, and commercialization of printed electronics and smart systems in Norway. The company develops printed systems, which include memory, sensing, display, and wireless communication devices. Its products include Thinfilm Memory labels for smart consumables, a read/write memory solution for interactive consumable refills and other plug-and play product offerings; Thinfilm Memory labels for brand protection, a two-part system that helps manufacturers protect their brands from counterfeiting and grey market activity; and electronic article surveillance tags. The company also offers NFC Barcode, a wireless tag that enables smartphones to communicate with near field communication (NFC) enabled objects in support of B2B and B2C use cases; OpenSense technology, which provides smartphone-centric NFC readability before and after product opening; and NFC smart labels for memory, displays, logic, sensing capabilities, and wireless communication. Thin Film Electronics ASA was incorporated in 2008 and is headquartered in Oslo, Norway.

112 Employees
Last Reported Date: 11/6/15
Founded in 2008

thin film electronics asa (THIN) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: 3.8M NOK
Chief Financial Officer
Total Annual Compensation: 1.6M NOK
Chief Strategy Officer
Total Annual Compensation: 1.7M NOK
Chief Product Officer
Total Annual Compensation: 1.5M NOK
Senior Vice President of Product Management
Total Annual Compensation: 1.1M NOK
Compensation as of Fiscal Year 2014.

thin film electronics asa (THIN) Key Developments

Thin Film Electronics ASA Announces Executive Changes

Thin Film Electronics ASA announced changes to the company's management team and key leadership responsibilities moving forward. Erwan Le Roy has been named SVP, Strategic Marketing and GM, Sensor Products. Mr. Le Roy will be leading development of the roadmap and go-to-market strategies for Thinfilm's temperature sensor smart label and future iterations of the company's sensor product line. He was most recently with Veeco (formerly Solid State Equipment Company) where he drove the marketing strategy that resulted in SSEC achieving 90% market share and the acquisition by Veeco. Prior to SSEC, Mr. Le Roy held senior business development and marketing positions at KLA Tencor and Credence Diagnostics Systems, a division of Schlumberger. Dr. Peter Fischer has been promoted to Chief Operating Officer for Thinfilm and will oversee manufacturing, supply chain, and technology transfer. Mr. Fischer joined Thinfilm in fourth quarter of 2013 as Chief Product Officer, initially serving as the company's technical lead in Product Marketing and Business Development. Prior to Thinfilm, Dr. Fischer was CTO at Plastic Logic, and also held senior roles with Qimonda and Infineon Technologies.

Thin Film Electronics ASA Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Thin Film Electronics ASA reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported sales revenue of USD 494,000 compared with USD 578,000 for the same period last year. Operating loss was USD 8,313,000 compared with USD 6,103,000 for the same period last year. Loss before income tax was USD 6,388,000 compared with USD 5,945,000 for the same period last year. Loss for the period attributable to owners of the parent was USD 6,388,000 or USD 0.01 basic and diluted per share compared with USD 22,923,000 or USD 0.01 basic and diluted per share for the same period last year. Net cash used in operating activities was USD 6,146,000 compared with USD 6,067,000 for the same period last year. Purchase of property, plant, and equipment was USD 3,350,000 and purchases of intangible assets were USD 63,000. For the nine months, the company reported sales revenue of USD 1,225,000 compared with USD 1,335,000 for the same period last year. Operating loss was USD 22,070,000 compared with USD 17,974,000 for the same period last year. Loss before income tax was USD 20,032,000 compared with USD 17,406,000 for the same period last year. Loss for the period attributable to owners of the parent was USD 20,032,000 or USD 0.04 basic and diluted per share compared with USD 17,406,000 or USD 0.04 basic and diluted per share for the same period last year. Net cash used in operating activities was USD 18,257,000 compared with USD 18,725,000 for the same period last year. Purchase of property, plant, and equipment was USD 4,846,000 compared with USD 2,904,000 for the same period last year. Purchases of intangible assets were USD 737,000.

Thinfilm and Ypsomed to Deliver New Generation of Smart Medical Injection Devices

Thin Film Electronics ASA announced a partnership with the Ypsomed Group. Through the partnership, the companies will collaborate to incorporate Thinfilm's NFC OpenSense(TM) technology in the YpsoMate autoinjector as a means of improving patient self-care compliance. YpsoMate autoinjectors are disposable 2-step injection systems that house pre-filled glass or polymer syringes, and are triggered by push-on-skin activation. Patients use autoinjectors to self-deliver periodic injections for the ongoing management of chronic conditions such as rheumatoid arthritis or cardiovascular indications, making compliance a critical factor in their treatment plan. Through the combination of the NFC OpenSense(TM) tags and a custom mobile app, patients will be able to receive valuable compliance assistance such as adherence history, injection reminders, usage guidelines, refill instructions and authentication. In turn, doctors will be able to track whether or not patients are adhering to daily self-medication requirements. NFC OpenSense(TM) tags are thin, flexible labels that can detect both the state before and after injection of YpsoMate(-) Smart autoinjector, wirelessly deliver content to patients through the simple tap of a smartphone, and record patients' interactions with the YpsoMate(-) Smart device in the cloud. Each tag contains a unique identifier that makes it possible to track every YpsoMate(-) Smart to the individual-item level. In addition, the tag remains active even after the factory seal has been broken, enabling an extended dialogue between patients, doctors and brands.


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