Monthly Archives: September 2018

Valkee: Turnover up 50% – 1 million loss as usual (update)

Korvavalofirman tilinpäätös 2/2018 loppuneelta tilikaudelta tuli julki. Liikevaihdon odotettu 50% kasvu toteutui, summa on lähes sama kuin 2013/2014. Henkilöstömäärä laski kuuteen. Tasesumma puolittui. Tappio on silti saman verran kuin viime vuonna, yli miljoonaa. Firman kulut olivat edelleen €1,10 jokaista liikevaihtoeuroa kohden.

Kokonaistappio on siis virallisesti ylittänyt 10M€-rajan. Viime vuosien huimat pääomalainat, jotka pitivät firmaa juuri ja juuri elossa, on tilinpäätösasiakirjoissa s.8 ja 9. Suurin ongelma lienee se, että uudet laitteet pitäisi valmistaa tuoreella rahalla. Tällä hetkellä myynti on nolla. Tilintarkastaja arvioi että Valkee tarvitsee pääomalainojen lisäksi uutta rahoitusta jatkaakseen toimintansa.

Valkee Balance 2018 (PDF)

The finnish earlight manufacturer Valkee Ltd has grown sales of its HumanCharger device again by 50%. With only 6 employees (peaked at 21 in 2014), the company made still roughly the same loss as last year, over €1 million. It survived until now on capital shot in by previous investors as convertible loans, amounting to 2-3 million in 2 years. Ernst&Young’s accountants suspect, that Valkee won’t exist through the present fiscal year, unless it gets substantial funding in addition to such loans.

Valkee has given up on Finland, where the HumanCharger is considered a national embarrassment. Sales to US “biohackers” susceptible to all kinds of such scams and supplements go well, especially since earlightswindle.com was unlawfully removed from Google’s index* and there’s no independent information available. (I’ll do nothing about that until the content on the classic site is updated.)

Still, all independent research to date has demonstrated that the fake “light therapy” through the ear canal has only a placebo effect. The company’s budget does not allow for new marketing “research”, and it seems no evidence is needed to ensure international sales.

 

*the important static site with all the key information about the Valkee case (under earlightswindle.com/index.htm and else) was removed, while the blog is still visible.  It looks like the content URLs were removed manually.

UPDATE 21.9.2018:
earlightswindle.com is back in the Google index. It wasn’t me!