Anzeige
Mehr »
Login
Freitag, 22.11.2024 Börsentäglich über 12.000 News von 677 internationalen Medien
Von Solarenergie zu digitalen Assets: Die Strategie hinter der 75-Prozent-Rallye
Anzeige

Indizes

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Aktien

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Xetra-Orderbuch

Fonds

Kurs

%

Devisen

Kurs

%

Rohstoffe

Kurs

%

Themen

Kurs

%

Erweiterte Suche

WKN: A401UE | ISIN: SE0021513645 | Ticker-Symbol: 8T00
Frankfurt
21.11.24
08:11 Uhr
0,091 Euro
+0,002
+1,69 %
Branche
Gesundheitswesen
Aktienmarkt
Sonstige
1-Jahres-Chart
PMD DEVICE SOLUTIONS AB Chart 1 Jahr
5-Tage-Chart
PMD DEVICE SOLUTIONS AB 5-Tage-Chart
ACCESSWIRE
264 Leser
Artikel bewerten:
(1)

PMD Device Solutions: PMDS preliminary P&L results ahead of Q2 Interim Report

Finanznachrichten News

STOCKHOLM, SE / ACCESSWIRE / August 15, 2024 / PMD Device Solutions (FRA:8T0)(STO:PMDS) Financial information April - June 2024 (figures in brackets relate to the same period in Q2 2023). These are preliminary results of the P&L statement; the final results will be published in the Q2 Interim report on on August 22nd.

  • Consolidated net sales increased by 30.9%, which is in line with expectations at kSEK 12,354 (9,440), which was contributed by the acquired US company.

  • Operating expenses increased temporarily and amounted to kSEK 17,582 (Q2 2023: 10,916). The increase is related to the restructuring of the acquired US operation and is mainly non-recurring.

  • The gross margin was 77% (79.5%), a decrease from the US cost of goods sold.

Following the acquisition of the US Remote Patient Monitoring (RPM) business in April, PMDS continues to evolve and adapt to become a key player within Digital Healthcare, underpinned by propitiatory medical device innovations.

On 25 June, PMDS updated the company's financial targets, increasing the annual recurring revenue (ARR) target from 100m SEK to 260m SEK by year-end 2026. The update also reaffirmed that PMDS expects its operations to be cashflow positive by year-end 2024. Today, PMDS reiterates these financial targets and provides a backdrop to the financials in its upcoming Q2 report.

"We have accomplished a swift integration of the acquired US company, reshaping its operational model and commercial strategy. Operational running costs have been reduced by over 80%, and customer accounts have been reduced to focus the business on those key accounts that will result in the company reaching profitability in 2024.
Restructuring costs associated with the acquisition have meant that the expenses for the second quarter were larger than expected. The main part of these costs is of a non-recurring nature. We have decided to book those costs as early as possible in order not to create a muddled picture of the business from now on, and for the real running costs, at a considerably lower level, to be reflected in the company's financials as we advance," commented Founder and CEO Myles Murray.

"When releasing the updated financial targets, PMDS stated that the number of active monthly patients had increased to 1,400, with a compliance of 70%, and the current business has a cashflow break-even point of 2,300 monthly patients. Today, we realise that it is possible to reach a positive cashflow with a smaller number of patients as a result of the new operational model. We expect US sales to increase with the new, healthy, restructured business. Furthermore, the company's European business is growing in line with expectations," he continued.

"We are achieving our priorities for this year, and the forthcoming rights issue is an important prerequisite to support an extended growth period for PMDS. As we continue to grow, our focus remains on expanding our market presence in the US, the UK, and Germany.

We continue to work towards our target of achieving significant ARR and having a positive cash flow by year-end 2024," Myles Murray concluded.

This information is information that PMD Device Solutions 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 2024-08-15 17:30 CEST.

For additional information, please contact

Myles Murray, CEO
Phone: +353 86 887 4994
E-mail: myles@pmd-solutions.com & for general enquiries investor.relations@pmd-solutions.com
The Company's Certified Adviser is Redeye.

Information about PMDS

PMD Device Solutions AB develops and sells medical products for respiratory monitoring in both the hospital acute monitoring sector and the remote monitoring homecare sector. Its primary product is RespiraSense, a solution used for monitoring respiratory rate to support the detection of patient deterioration early and to avoid preventable respiratory failure and adverse patient outcomes. RespiraSense is, to the Company's knowledge, the world's only continuous, motion-tolerant respiratory rate monitor delivering class-leading reliability in measuring respiratory rate. RespiraSense is a novel technology that is commercialised in Europe, the UK, and FDA cleared in the US. The company's shares are listed on Nasdaq First North Growth Market (STO: PMDS).

Attachments

PMDS preliminary P&L results ahead of Q2 Interim Report

SOURCE: PMD Device Solutions



View the original press release on accesswire.com

© 2024 ACCESSWIRE
5 heiße Wetten für den Jahresendspurt!
Nach dem unerwartet schnellen Ende der US-Wahlen mit dem Sieg des republikanischen Kandidaten Donald Trump fackelten die Aktien- und Krypto- Märkte ein wahres Kursfeuerwerk ab und bliesen zur Jahresendrallye.

Im aktuellen kostenlosen Report beleuchten wir 5 aussichtsreiche Unternehmen, die das Fundament besitzen, in den nächsten Monaten den breiten Markt zu schlagen.

Seien Sie dabei!

Fordern Sie jetzt unseren brandneuen neuen Spezialreport an und erfahren Sie, welche Aktien aufgrund ihrer Bewertung sowie charttechnischen Situation das Potenzial zu einer Outperformance besitzen.

Handeln Sie jetzt und sichern Sie sich Ihren kostenfreien Report!
Werbehinweise: Die Billigung des Basisprospekts durch die BaFin ist nicht als ihre Befürwortung der angebotenen Wertpapiere zu verstehen. Wir empfehlen Interessenten und potenziellen Anlegern den Basisprospekt und die Endgültigen Bedingungen zu lesen, bevor sie eine Anlageentscheidung treffen, um sich möglichst umfassend zu informieren, insbesondere über die potenziellen Risiken und Chancen des Wertpapiers. Sie sind im Begriff, ein Produkt zu erwerben, das nicht einfach ist und schwer zu verstehen sein kann.