Research and Development
Bittium continued significant investments in its own products and product platforms.
In JanuaryDecember 2019 the investments were EUR 25.1 million, representing a 33.4 percent of net sales.
The investments focused mainly on the development of the tactical communication system and its products targeted to the defense industry, different authorities´ and special terminal products and their related security software, and medical technology products.
A significant part of the capitalized R&D investments is related to developing software defined radio based tactical communication handheld and vehicle radios (Bittium Tough SDR product family), further development of tactical networks, development of the secure smartphones and related security software, as well as development of medical technology products.
|R&D investments, MEUR||2019
|Total R&D investments||25.1||21.6|
|Capitalized R&D investments||-15.6||-15.1|
|Depreciations and impairment of R&D investments||3.1||0.4|
|Cost impact on income statement||12.6||6.9|
|R&D investments, % of net sales||33.5%||34.4¤|
|Capitalized R&D investments in balance sheet, MEUR||2019
|Balance sheet value in the beginning of the period||26.6||11.9|
|Additions during the period||15.6||15.1|
|Acquisitions of the business|
|Depreciations and impairment of R&D investments||-3.1||-0.4|
|Balance sheet value at the end of the period||39.1||26.6|