Sweden's SciBase Q4 sales rise on US, skin barrier growth

Reuters03-13
Sweden's SciBase Q4 sales rise on US, skin barrier growth

Overview

  • Sweden medical technology firm's Q4 net sales rose 45% yr/yr, loss after tax widened

  • Gross margin fell to 63% from 68.5%, impacted by currency and higher input costs

Outlook

  • Company did not provide specific financial or operational guidance for the future in its press release

Result Drivers

  • ELECTRODE SALES - Electrode sales volume rose 67% in Q4, with repeat sales to existing customers up 48%

  • GROSS MARGIN PRESSURE - Gross margin was negatively affected by currency, higher gold prices, initial delivery to Castle Biosciences, and increased production investments

  • US AND SKIN BARRIER GROWTH - US skin cancer sales rose 84% (106% in local currency), and skin barrier segment sales surged 294%

Company press release: ID:nWkr5bvdrp

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Sales

SEK 12.48 mln

Q4 EPS

-SEK 0.06

Q4 Net Income

-SEK 25.30 mln

Q4 Gross Margin

63.00%

Analyst Coverage

  • Wall Street's median 12-month price target for SciBase Holding AB (publ) is SEK0.50, about 79.9% above its March 12 closing price of SEK0.28

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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