Acarix AB (publ) publishes Interim Report, April - June 2024
"I'm proud of the significant progress
Key Highlights
Second quarter 2024 compared to the same period in 2023
- Revenue for the second quarter amounted to SEK 1,958 thousand (1,540), an increase of 27% compared to the same period last year. Revenue in the US increased by 34% compared to the same period last year.
- Gross profit increased 38% to SEK 1,788 thousand (1,291), corresponding to a gross margin of 91% (84%) and an improvement of 7% points compared to the same period in 2023. US gross profit increased 59% with a gross margin increase on 9 points to 93%.
- During the quarter a total of 15 (10) CADScor®Systems were installed at customers (2 sold / 13 on consignment) and 3,530 (2,682) patches were sold. In the US 1,260 patches were sold, an increase of 62% compared to the same period last year.
- Operating costs amounted to SEK 18,368 thousand (23,186). One-time expenses amounting
SEK 951 thosand. Excluding one-time expenses, cost reduction initiatives led to a 25% improvement compared to the same period last year. - Loss before tax amounted to SEK –16,661 thousand (–22,004).
- Cashflow from operating activities amounted to SEK –15,258 thousand (-21,229).
- Earnings per share amounted to SEK –0.02 (–0.05).
First half of 2024 compared to the same period in 2023
- Revenue in the first half of the year amounted to
SEK 3,509 thousand (3,495). - Gross profit amounted to SEK 3,202 thousand (2,978), corresponding to a gross margin of 91% (85%) and an improvement of 6% points compared to the same period in 2023.
- During the first half of the year, 28 (22) CADScor Systems (5 sold / 23 on consignment) and 6,054 (5,217) patches were sold.
- Operating expenses amounted to SEK 34,708 thousand (41,307). Non-recurring costs amounting
SEK 1,497 thousand . - Loss before tax amounted to SEK –31,591 thousand (–38,484).
- Cashflow from operating activities amounted to
SEK -33,694 thousand (-41,840). - Cash and cash equivalents amounted to SEK 48,271 thousand (26,299). General pledging of bank deposits amounted to
SEK 4,560 thousand . - Earnings per share amounted to SEK –0.04 (–0.08). No dilutive effects occurred.
- Number of shares on the balance sheet date amounts to 973,170,178 (452,868,010).
Link to the report : https://www.acarix.com/for-investors/financial-reports-and-calendar
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