RaySearch Laboratories

The preliminary figures mean that as of March 31, 2023, RaySearch does not meet a solidity- and an EBITDA-based covenant related to the company's credit facility with Skandinaviska Enskilda Banken (publ). The total credit facility amounts to SEK 200 million, of which SEK 0 million has been utilized. RaySearch will apply for a so-called waiver for this breach of covenants, but until such a waiver is obtained, the said credit facility is not available for drawdown. RaySearch's financial position is good and liquid funds as of March 31 amounted to SEK 244 million.

Johan Löf, founder and CEO, RaySearch: "It is gratifying that we start the year with growth in net sales and an improvement in profitability compared to the full year 2022. It is regrettable that we are not meeting our covenants, but the company has a stable financial situation with liquid funds at a reassuring level."

This information is information that RaySearch Laboratories AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 7:58 pm CET on April 26, 2023.