Year-End Report January -
EXECUTIVE SUMMARY
Fourth quarter
- Net sales amounted to kSEK 0 (72)
- Profit before tax amounted to kSEK -2 792 (-4 663)
-
Earnings per share amounted to
SEK -0,46 SEK (-1,37) - Cash flow from operating activities totalled to kSEK -2 794 (-3 159)
- The Order book amounted to kSEK 422 at the end of the fourth quarter
Period 1 January - 31 December
- Net sales amounted to kSEK 131 (484)
- Profit before tax amounted to kSEK -8 872 (-7 655
-
Earnings per share amounted to
SEK -1,95 (-2,35) - Cash flow from operating activities totalled to kSEK -8 701 (-8 066)
Important events during the quarter
- ChemoTech receives a final notice from the
European Patent Office that the patent for the Company's innovation for its technical platform for dynamic electroporation, the functionality of the handset and the unique treatment kits will be granted.
Important events during the quarter
- ChemoTech received approximately MSEK 13.6 before issue costs through a 98% exercise of the warrants of series TO1 and TO2.
-
ChemoTech receives a final notice from the
European Patent Office that the patent for the Company's innovation for TSE treatment of secondary bone cancer and deep-seated tumours will be granted.
SUMMARY
Despite a year with a world economy that has been strongly affected by COVID-19, ChemoTech has had a quite successful year in the form of strategic agreements with new distributors, international hospitals / groups and new granted patents. ChemoTech's board, which took office almost a year ago, is now, together with the management, ready to lead ChemoTech into a new phase.
The year 2020 started strongly with many treatment kits sold and treatments completed. Despite the increase taking place from relatively low levels, the more treatment-focused strategy that we introduced at the end of 2019 had the intended effect. The number of treatments sold during the first weeks of the year was higher compared with the entire first quarter of the previous year.
The result, which was sharply adjusted due to pandemic, during the last quarter was kSEK -2,792 and met our expectations. During the full year, sales were significantly lower for the same reason and amounted to kSEK 131.
The successful rights issue was heavily oversubscribed and provided the company with kSEK 11,560. The redemption of the warrants carried out in
During the past year, together with our control body, we have reviewed our application in detail and received good consultation to increase our opportunities to reach goals in this project within the framework of the current regulations.
After
In addition to conceptually ensuring that deep-seated tumours can be treated with IQwave™, we have recently received the announcement that our patent application for this innovation will be approved in
We have been in contact with several research doctors who have expressed interest in investigating Tumour Specific Electroporation (TSE) in several different cancer indications, where the tumours are deeply seated inside the body. The company's management will undergo changes to strengthen our ability to analyse and prioritize the efforts where our unique dynamic and selective technologies, which to a greater extent spare healthy tissue, blood vessels and nerves, contribute to the greatest clinical benefit.
For further information please contact:
+46 (0)10-218 93 00
info@chemotech.se
Certified Adviser:
ChemoTech is a Swedish medical technology company based in
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