SenzaGen

Message from the CEO
“We are coming out of yet another successful quarter with strong results and positive growth signals for the future. In the third quarter of the year, our year-on-year sales grew by 31%, reaching SEK 13.2 million. Our EBITDA improved substantially, reflecting increased demand for our tests and effective cost controls. Our core business, GARD®, exhibited impressive 54% sales growth with large customer orders and a growing customer base. This strong performance confirms that we are on the right path, and we look forward to continuing our growth journey with a focus on increased sales, innovation and strong customer relationships.”

Peter Nählstedt, President and CEO

Q3 2024

• Net sales totaled SEK 13.2 (10.1) million.
• EBITDA amounted to SEK -1.2 (-2.3) million.
• Earnings per share were SEK -0.08 (-0.20).

1 January–30 September 2024

• Net sales totaled SEK 42.2 (33.7) million.
• EBITDA amounted to SEK -3.7 (-9.1) million.
• Earnings per share were SEK -0.50 (-0.71).
• Cash and cash equivalents at 30 September amounted to SEK 42.6 (19.7) million.

Significant events in the third quarter

• SenzaGen’s collaboration with the Research Institute for Fragrance Materials (RIFM) was expanded with two new orders for non-animal testing with GARD®skin Dose-Response: one for quantitative risk assessment worth SEK 1.5 million and one for photosensitization worth SEK 3.0 million.
• An existing customer in the chemicals industry placed an order worth SEK 1.3 million for testing with GARD®skin Dose-Response.
• SenzaGen strengthened its US market presence by signing a license agreement with the Institute for In Vitro Sciences (IIVS), a CRO that is a prominent advocate of non-animal testing.