STOCKHOLM, Aug. 18, 2022 /PRNewswire/ --
January 1 - June 30, 2022
The first quarter in figures
- Net sales amounted to TSEK 3,726 (2,258), +65%.
- The loss after tax amounted to TSEK 9,212 (11,151).
- The loss per share amounted to SEK 0.13 (0.19).
- The cash flow from current operations was negative in the amount of TSEK 9,643 (9,162).
- The gross margin reached 70,6% (56.3%).
- Electrode sales volume increased by 60% and reached 9,550 (5,968) units. Repeat sales of electrodes to existing customers increased by 58%.
January - June in figures
- Net sales amounted to TSEK 7,987 (4,821), +66%.
- The loss after tax amounted to TSEK 18,948 (19,304).
- The loss per share amounted to SEK 0.28 (0.34).
- The cash flow from current operations was negative in the amount of TSEK 20,155 (18,635).
- The gross margin reached 66,4% (54.4%).
- Electrode sales volume increased by 45% and reached 19,580 (13,464) units. Repeat sales of electrodes to existing customers increased by 45%.
Important events during the quarter
- Overall sales increased by 65% (+56%, before currency effects). The sales in the important US market increased within the area of skin cancer by 146% (in local currency by 104%). Sales in Germany increased by 54% (49% in local currency).
- A new study performed in Germany and published online in the journal Dermato demonstrated the clinical benefits of Nevisense in day-to-day practice.
- A new study published in the US demonstrated that EIS and Nevisense can significantly improve clinical decisions in the dermatology day-to-day practice, especially for less experienced clinicians. The study titled - "Diagnostic Efficacy Of Electrical Impedance Spectroscopy Versus Dermoscopy For Pigmented Skin Lesions: A Pilot Study" and authored by Dr Jonathan Ungar, Associate Director and Assistant Professor, Dermatology Department, et al at Icahn School of Medicine at Mount Sinai, New York, was published online in "SKIN-The Journal of Cutaneous medicine".
- The annual report for 2021 was published.
- The AGM 2022 was held on May 18, 2022.
Important events after the end of the period
- FDA expert panel in line with SciBase position to keep stringent approval level for all new skin lesion analyzers.
Financial overview
July 1 2021 - | ||||||
Apr 1 - June 30 | Jan 1 - June 30 | June 30 2022 | Jan 1 - Dec 31 | |||
THE GROUP | 2022 | 2021 | 2022 | 2021 | Rolling-12 | 2021 |
Net sales, SEK ths | 3 726 | 2 258 | 7 987 | 4 821 | 14 893 | 11 727 |
Gross margin, % | 70,6 % | 56,3 % | 66,4 % | 54,4 % | 62,2 % | 56,1 % |
Equity/Asset ratio, % | 76,6 % | 87,3 % | 76,6 % | 87,3 % | 83,3 % | 82,8 % |
Net indebtness, multiple | 0,30 | 0,15 | 0,30 | 0,15 | 0,20 | 0,21 |
Cash equivalents, SEK ths | 44 577 | 88 192 | 44 577 | 88 192 | 44 577 | 65 607 |
Cashflow from operating activities, SEK ths | -9 643 | -9 162 | -20 155 | -18 635 | -41 021 | -39 501 |
Earnings per share (before and after dilution), SEK | -0,13 | -0,19 | -0,28 | -0,34 | -0,61 | -0,67 |
Shareholder's equity per share, SEK | 0,72 | 1,59 | 0,72 | 1,65 | 1,05 | 1,13 |
Average number of shares, 000' | 68 475 | 59 265 | 68 475 | 57 023 | 68 465 | 62 739 |
Number of shares at closing of period, 000' | 68 475 | 68 236 | 68 475 | 68 236 | 68 475 | 68 475 |
Share price at end of period, SEK | 3,41 | 5,52 | 3,41 | 5,52 | 3,41 | 5,52 |
Number of sold electrodes, pieces | 9 550 | 5 968 | 19 580 | 13 464 | 35 908 | 29 792 |
Average number of employees | 19 | 17 | 19 | 17 | 19 | 17 |
This information is information that SciBase Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 08.00 CET on August 18, 2022.
This year-end report has not been subject to review by the Company's auditors
Contact person:
Michael Colérus, CFO, +46 70 341 34 72
For more information, please contact:
Simon Grant, CEO SciBase
Tel: +46 72 887 43 99
Email: simon.grant@scibase.com
Certified Advisor (CA):.
Vator Securities
Tel: +46 8 580 065 99
Email: ca@vatorsec.se
About SciBase and Nevisense
SciBase is a global medical technology company headquartered in Stockholm, Sweden, that has developed a unique point of care platform for the non-invasive detection of skin cancer and other skin conditions. SciBase is a pioneer within augmented intelligence, combining artificial intelligence with Electrical Impedance Spectroscopy (EIS) to provide objective information that assists dermatologists and others in clinical decision-making. SciBase's products include Nevisense and Nevisense Go and to date the platform addresses the areas of melanoma detection, non-melanoma skin cancer detection and skin barrier assessment. Nevisense is the only FDA-approved device for the detection of melanoma and the only MDR-approved technology for skin cancer detection in Europe. SciBase's technology is based on more than 20 years of academic research at the Karolinska Institute in Stockholm, Sweden. For more information please visit www.scibase.com.
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/scibase/r/interim-report,c3615679
The following files are available for download:
https://mb.cision.com/Main/12371/3615679/1615866.pdf | Interim report Q2 2022 final |
