Accordingly, the company’s revenues in the second half of 2021 are expected to amount to NIS 6.5-8.5 million, a sharp increase of between 117% and 183% compared to the company’s revenues in the first half of 2021.
The company notes that some of the transactions included in the accumulator for 2021 are expected to be recognized as revenue in the first quarter of 2022, mainly due to delays in certain customers’ readiness to install the robots.
Yanir Alush, Chairman of Airtat Solar: “We are nearing the end of 2021 which was a year in which we showed accelerated growth in our operations. The demand for AirTouch products is growing, based on our technological advantages, and accordingly last September we launched the new plant we established in India which significantly increases our production capacity and brings us closer To the supply areas.
The revenue estimate we present today for 2021 reflects a sharp increase in revenue in the second half of 2021 compared to the first half of the year, and of course a jump of hundreds of percent relative to the company’s revenue in 2020, when the company’s revenue in 2021 was supposed to be even higher. Some customers for the installation of the robots, the recognition of some of the expected revenue for the year will be made in the first quarter of 2022.
This year we signed significant agreements, including with companies such as the French EDF, the Indian ReNew and Enlighten and the Israeli energy economy. “These and other agreements we have signed will provide a strong impetus for our continued growth, and we believe we can continue to grow our customer base and realize the great business potential inherent in AirTouch’s solution for the robotic solar field cleaning market.”
Company Airtech Solar, Engaged in the development, production, marketing, operation and maintenance of robotic solutions for cleaning photovoltaic panels, updates today regarding initial estimates in relation to the company’s revenues in 2021. The company estimates that its revenues in 2021 will amount to between NIS 9.5 and 11 million, reflecting an increase of between 390% to 470% in relation to the company’s revenues in 2020. Accordingly, the company’s revenues in the second half of 2021 are expected to amount to NIS 6.5-8.5 million, a sharp increase of between 117% and 183% in relation to the company’s revenues in the first half of 2021.
Meanwhile, AirTouch updates that due to the company’s revenue recognition model, some of the transactions included in the 2021 order backlog are expected to be recognized as revenue in the first quarter of 2022, mainly due to delays in certain customer readiness to install the robots.
AirTouch also updates that in order to meet the increase in demand for its products, in September 2021 the company began supplying robots produced by the company’s plant in India, thus significantly expanding its production capacity.
The company also expects that by the end of 2021 it will cross the scope of 1GW regulations for the first time.
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