CEO Statement
FRISQ’s Capital Markets Day in May was a great opportunity to present where we are and where we are moving to. We could then, and can now, report that higher recurring revenues have had a positive effect on cash flow, along with a cost control that has shifted funds from administration to development and commercialization. That shift also includes increasing sales staff and expanding footprints in the UK.

We were then also able to present our innovative work with the platform; how we encourage and motivate patients to follow their care plans, how the plans become dynamic with the help of increased interaction and how these aspects also have attracted interest from the pharmaceutical industry.

The newly announced five year agreement with Capio Elderly and Mobile Care is a breakthrough and a commercial confirmation, based on the encouraging feedback that we have received, of the value and utility of the FRISQ platform.

We are also in the final stages of completing a reorganization of the management team: With Ulrika Jones as new CFO, Ulrika Kruse as new CCO, Lovisa Sunnerholm as new CMO from the beginning of August and also a new chief product manager soon to be in place that will bridge our strong innovation and development team with our growing sales team. With this, we have a line-up that is perfectly equipped for capitalizing on a post-pandemic future where health care decision makers will again focus on the prospects of improving outcomes through digitalization.

George Thaw, CEO FRISQ

Financial summary Second Quarter 2021
• Reported net revenue amounted to 0.8 mSEK (0.3)
• Other revenue amounted to 0.7 mSEK (0.0)
• Earnings per share amounted to -0.4 SEK (-0.8)
• Cash flow amounted to -18.8 mSEK (-18.8)
• Cash at the end of the period amounted to 50.4 mSEK (53.2)
• Comprehensive income amounted to -21.4 mSEK (-26.2)

Events during the quarter:
• Ulrika Jones nominated as CFO.
• On 20 May, a Capital Markets Day was arranged to present Capio's current state of affairs with extra focus on the innovative developments. Also presenting were Sir David Haslam, Fellow at the Royal College of Physicians (on the British / international need for patient-centered care plan solutions) and Thorleif Nilsen, Capio Elderly and Mobile Care (on the collaboration with FRISQ).

Events after the period:
• FRISQ has signed a commercial agreement with Capio Elderly and Mobile Care. The agreement runs for 5 years and the order value amounts to SEK 15 million. The agreement entered into force on 1 July 2021 and replaces the previous pilot agreement, after FRISQ Care has been evaluated in competition with other systems.

Financial Calendar
Publication dates for interim and full year reports for 2021:

  • Third quarter report to be published on October 28, 2021
  • Full year report to be published on January 27, 2022

For further information:

George Thaw, CEO, FRISQ
investor@frisq.se

About FRISQ:

FRISQ is a healthtech company based on the conviction that the quality of care plans shouldn’t be dependent on the ability to navigate a complex system and constantly evolving treatments. Its FRISQ Care software solution allows for secure sharing of information between care teams, doctors and patients through the same platform.

Since 2016, FRISQ has been listed on Nasdaq First North Stockholm under the symbol “FRISQ”. FNCA Sweden AB is FRISQ’s Certified Adviser and can be reached via the following contact information: +46 8 528 00 399, info@fnca.se

The publication is a translation of the original Swedish text. In the event of inconsistency or discrepancy between the Swedish version and this publication, the Swedish language version shall prevail.

For more information, please visit: www.frisqholding.se

This information is information that FRISQ Holding 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 above, at 2021-07-15 08:00 CEST.

Attachments

FRISQ's Interim Report Q2 2021

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