Successful capital raise and sales partnership
FINANCIAL SUMMARY - SECOND QUARTER 2021
- Revenue in the period amounted to kSEK 10,482 (6,181). Sales regards COVID-19 tests from the test service center as well as Egoo.Health devices and capsules for decentralized testing.
- EBITDA for the period amounted to kSEK -8,107 (-2,147), and net loss kSEK -11,327 (-1,138).
- The positive cash flow is related to the new issue of shares and exercise of warrants (TO1).
- The total cash flow in the second quarter amounted to kSEK 98,771 (-5,774).
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Earnings per share before/after dilution for the second quarter amounted to
SEK -0.85 (-0.10), calculated on weighted average number of shares in the period.
FINANCIAL SUMMARY - JANUARY -JUNI 2021
- Revenue in the period amounted to kSEK 21,658 (6,566). Revenue regards sales of COVID-19 tests from the test service center as well as Egoo.Health devices and capsules for decentralized testing.
- EBITDA for the period amounted to kSEK -11,304 (-7,879), and net loss kSEK -18,034 (-9,841).
- The positive cash flow is related to the new issue of shares and exercise of warrants (TO1).
- The total cash flow in the six months period amounted to kSEK 87,487 (27,980).
- Shareholders equity as of 30 June amounted to kSEK 193,208 (101,775).
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Earnings per share before/after dilution for the six months amounted to
SEK -1.47 (-0.99), calculated on weighted average number of shares in the period.
SIGNIFICANT EVENTS - SECOND QUARTER 2021
Qlife signed an exclusive distribution agreement with Aidian. OY for the Egoo. Health device and Sars-CoV-2 tests for the clinical market in a range of European countries. The agreement is initially for three years, and the value for the first 12 months period is estimated to be approximately 40-50 MSEK.Qlife expanded its test capacity during the European Football Championship to help implement safe arrangements for the matches played inCopenhagen .Qlife carried out a directed share issue of approximately 90 MSEK, mainly to strategic and institutional investors, among others Fjärde AP-fonden, Strand Kapitalförvaltning,Eiffel Investment Group ,Nyenburgh Holding and MW Asset Management. Subscription price for the shares wasSEK 42 per share.Qlife Holding AB announced the outcome of the exercise of the warrants of series TO1 that were issued in connection with the Company's issue of units inFebruary 2020 . In total, 4,356,436 warrants of series TO 1 were exercised, corresponding to approximately 97.4 percent of the total number of outstanding warrants, for subscription of 2,178,218 shares at a subscription price ofSEK 17.50 per share. Through the exercise of the warrants,Qlife received 38.1 MSEK before issuing costs amounting to 1.1 MSEK.Qlife discontinued a development program at the oncology department atHerlev Hospital , intended to validate home monitoring of kidney cancer patients, due to the change in strategy followed by the Covid pandemic outbreak.-
The annual general meeting 5 May resolved in accordance with the proposal from the Nomination Committee to re-elect
Mette Gross ,John Moll ,Niklas Marschall and Thomas Warthoe as board members, and to electMette-Marie Harild ,Ulrik Harrysson andMikael Persson as new board members.Mette Gross was re-elected as chairman of the board of directors.
SIGNIFICANT EVENTS AFTER END OF SECOND QUARTER 2021
Qlife announced in July that a scientific study of the company's COVID-19 test has been submitted to Natures Scientific Reports for publication. The study demonstrates the potential ofQlife's mobile test platform Egoo.Health and COVID-19 tests that can deliver exactly the same clinical quality as laboratory tests in 30 minutes.
Link to report: https://qlifeholding.com/en/investors/finansiella-rapporter
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Thomas Warthoe, CEO
tw@egoo.health
+45 21 63 35 34
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