Interim report
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Carasent Reports First Quarter 2021 Results Oslo , Norway - April 28 , 2021 - Carasent ASAⓇ ( OSE : CARA ) , announced its unaudited financial results for the first quarter of 2021 . Interim Management Report Despite relatively severe restrictions in Sweden as well as in Norway , both Evimeria and Avans Soma delivered a strong inflow of orders during Q1 . At the end of the first quarter , Evimeria had 529 active clinics and Avans Soma 164 units , which is a total increase of 58 new clinics and units . Our assessment is that the large increase is partly a one - time effect caused by decisions and priorities amongst our customers that were delayed due to the pandemic during 2020 but has now materialized . Order inflows are slightly above our expectations , especially with regard to Avans Soma . Sales for Carasent ASA amounted to NOK 28.2 million , an increase of 81 % compared to 2020 . Organic pro - forma growth , i.e. included comparison figure for Avans and Soma during Q1 2020 , was 34 % . Operating income in Evimeria amounted to NOK 5.4 million , an increase of 41 % . In Avans Soma , operating income amounted to NOK 0.3 million , compared to an operating loss of NOK 0.4 million the same quarter previous year . Including expenses for changes in fair value of previously issued stock options of NOK 10.4 million in Q1 2021 , the result was a net loss of NOK 7.7 million as compared to a net income of NOK 0.4 million during Q4 2020 . Cash balances of NOK 217.7 million on March 31 , 2021 . The integration work with Avans Soma has proceeded as planned . We have established a new company , Carasent AS , which will be the profit center for reporting the establishment of Webdoc for Norway as well as joint development efforts between Evimeria and Avans Soma . As previously reported , we have several ongoing processes and dialogues regarding potential acquisitions , and our assessment is that one or more of these may materialize in Q2 or Q3 . We continue to follow government recommendations , and employees have primarily worked from home during the period . We have managed to accomplish this without any negative effects on business . We expect that employees will continue to largely work from home during the second quarter of 2021 or as long as government recommendations stipulate . Carasent ASA First Quarter 2021 Earnings Report Page 1