ProstaLund AB - Interim report January-June 2024

MAR

ProstaLund is on a good track to establish CoreTherm® internationally again

Second quarter

April 1 - June 30

  • Net sales reached SEK 2,8 (5,3) million
  • Operating profit/loss totaled SEK -7,2 million (-4,0) million
  • Loss after taxes SEK -7,2 (-4,1) million
  • Earnings per share, SEK (basic and diluted) amounted to SEK -0,09 (-0,07)
  • Cash flow from operating activities amounted to SEK -6,6 (-0,5) million

January 1 - June 30

  • Net sales reached SEK 6,3 (10,9) million
  • Operating profit/loss totaled SEK -11,9 million (-7,2) million
  • Loss after taxes SEK -12,0 (-7,3) million
  • Earnings per share, SEK (basic and diluted) amounted to SEK -0,16 (-0,12)
  • Cash flow from operating activities amounted to SEK -12,7 (-6,0) million
  • Cash and cash equivalents amounted to SEK 3,4 (34,1) million as per June 30, 2024


Significant events during the period

  • Two new studies with ProstaLund’s Schelin Catheter® presented at the EAU in Paris on April 8
  • Positive results from unannounced inspection by TÜV SÜD, regarding our regulatory authorisations conducted on April 9-10
  • ProstaLund and Capio Specialistcenter AB signed on Aprill 22 a new agre- ement regarding disposable materials used in CoreTherm® treatments. The agreement is over 12 months, with an option to extend. The order value is approximately SEK 1,3 million over the contract period. The agreement repla- ces the previous agreement with Capio Specialistcenter AB
  • ProstaLund decided on May 20 that the Board of Directors intends to decide on a rights issue of units for an initial issue amount of around 29 MSEK
  • The preliminary investigation towards the former Chairman and major share- holders of the Company was closed on May 23
  • ProstaLund received a certificate with MDR and ISO13485 from TÜV SÜD on May 27
  • The communique from the annual general meeting was published on May 30
  • New agreement signed on May 31st regarding CoreTherm® treatments in Austria
  • Bridge loan amounting to 4 MSEK was signed with the main owner on June 10
  • New agreement signed on June 24 regarding CoreTherm® treatments in Arhus, Denmark
  • The outcome of the rights issue was published on June 28. Around 80 per- cent or SEK 23 million was reached before deduction of the costs related to the transaction

Significant events after the end of the period

  • ProstaLund informed on July 3rd that a direct issue of units instead of cash compensation to one Guarantor will be performed in connection with the right issue
  • ProstaLund informed on July 11 that it will announce the last day of trading in BTUs after the rights issue has been registered.
  • ProstaLund informed on July 17 the last day of trading in BTUs and the first day of trading in warrants of series TO 3.

Key figures

(SEK MILLION)APRIL-JUNE 2024APRIL-JUNE 2023JAN-JUNE 2024JAN-JUNE 2023
Net sales2,85,36,310,9
Gross Margin, (%)74,167,571,767,9
Operating profit/loss, EBIT-7,2-4,0-11,9-7,2
Cash flow from operating activites-6,1-0,5-12,7-6,0
Cash and cash equivalents3,434,13,434,1
Average number of employees8969

”With a new organisation in place, we are moving full speed ahead!”

Anders Kristensson
CEO, ProstaLund AB (publ)

Please see attached PDF for full report.

Datum 2024-08-19, kl 07:30
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