Heliospectra's report for the first quarter 2016 came in below our expectations. On the positive side, the margins start picking up and GM came in at 29 percent, one percentage point below our estimate but 21 percentage points above the gross margin of 8 percent in Q4 2015. Net sales came in at SEK 4.8 million, 27 percent below our estimate of SEK 6.5 million. Heliospectra's cash flow during the quarter was SEK -11.7 million, leaving the company with a little over SEK 7 million in cash by the end of March.