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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