Interim Report 1 January - 31 December 2002

Radians Innova develops, manufactures and markets optronic systems for
test and measurement of fibre optic telecommunications components and
systems. Radians Innova is at the cutting edge of technology within the
laser, optics, electronics and precision mechanics segments.

· Sales for 2002 amounted to SEK 4.3M (6.6)
· Invoiced sales relates mostly to Radians PICOTM
· The operating result amounted to SEK -40.4M (-64.7) and the
result after financial items was SEK -40.3M (-64.6)
· The costs for product development of new versions of Radians
PICOTM amounts to SEK 7.1M, which have been capitalised. This years
result has been charged with depreciation of SEK 7.6M of earlier
capitalised product development costs.
· The telecommunications market is still weak. During 2002 a
reduction in number of employees has been done to adapt to the lower
sales volume.
· The sales volume is expected to increase during 2004.
· A new round of capital increase is presently under way through
an issue of 4.2M shares.