Press release: Uppsala 4th of
The TetraGraph system includes a monitor, a software, and disposable sensors. The TetraSens sensors stimulates a nerve and records the response from the patient muscles. TetraSens is sold by
In 2020,
Senzime has established subsidiaries with its own sales organizations in theUSA (Senzime Inc ) and inGermany (Senzime GmbH ). In theUSA the organization consists of 10 employees and inGermany it consists of 3 employees. Additional recruitments are underway.- In
France , theUnited Kingdom ,Spain ,Italy ,Switzerland ,Austria ,South Korea andAustralia , among others, sales take place through distributors. Also in the US,Senzime has agreements with two distributors. - The TetraGraph sales process is performed in several steps with hospitals as end customers. Most customers carry out internal evaluations, and decisions are often made by different types of Value Analysis Committees. A trial is the last step in the sales process before a final purchasing decision.
- For September and
October 2021 , the number of ongoing or contracted trials to date worldwide amounts to 64 hospitals, with a total potential of approximately 750 TetraGraph systems if all operating rooms are equipped with a monitor. Senzime estimates that the Lifetime Value (LTV) of a delivered TetraGraph, including the use of TetraSens sensors, amounts to 250 TSEK over 5 years with a gross margin exceeding 65 percent.Senzime sees the potential to further increase the gross margin with higher volumes and direct local presence.- The previously announced target of 200 MSEK in sales 2023 remains despite the pandemic temporarily limiting Senzime’s access to hospitals. The goal corresponds to an installed base of 5000 TetraGraph systems by 2023.
- The production of TetraGraph is being moved to Uppsala according to plan to increase margins and achieve better efficiency.
- Senzime’s license agreement with
Fukuda Denshi inJapan is proceeding according to plan.
At the Capital Markets Day, a customer case with a recently completed agreement with a large
university hospital in the US is also presented. All 26 operating theatres are being equipped with a
TetraGraph to be used when neuromuscular blocking agents are administered, which corresponds to an
average of 60 percent of all surgeries. The hospital has also entered into an annual purchase agreement
of TetraSens and other consumables.
“The number of TetraGraph evaluations are steadily increasing and is now at completely different levels than just a few months ago. We expect a continued high increase as our sales staff gain easier access to the hospitals. In parallel with our intensive sales work, we are preparing our production and delivery capacity to be able to respond to the orders we believe the evaluations will lead to”, says
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