Interim report
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SCIBASE INTERIM REPORT JANUARY - SEPTEMBER 2021 Interim report January 1 - September 30 , 2021 The third quarter in figures Net sales amounted to TSEK 2,982 ( 2,287 ) . The loss after tax amounted to TSEK 8,622 [ 7,350 ) . The loss per share amounted to SEK 0.13 [ 0.20 ) . • The cash flow from current operations was negative in the amount of TSEK 9,156 ( 6,974 ) . The gross margin reached 63.3 % [ 52.7 % ) . Electrode sales volume increased by 20 % and reached 8,304 ( 6,924 ) units . Repeat sales of elec trodes to existing customers increased by 4 % . January - September in figures Net sales amounted to TSEK 7,802 ( 6,466 ) . The loss after tax amounted to TSEK 27,926 ( 25,150 ) . The loss per share amounted to SEK 0.46 ( 0.99 ) . The cash flow from current operations was negative in the amount of TSEK 27,792 ( 23,571 ) . The gross margin reached 57.8 % [ 54.0 % ) . Electrode sales volume increased by 20 % and reached 21,768 ( 18,194 ) units . Repeat sales of electrodes to existing customers increased by 14 % . Financial overview THE GROUP Net sales , SEK ths Gross margin , % Equity / Asset ratio , % Net indebtness , multiple Cash equivalents , SEK ths Cashflow from operating activities , SEK ths Earnings per share [ before and after dilution ) , SEK Shareholder's equity per share , SEK Average number of shares , 000 ' Number of shares at closing of period , 000 ' Share price at end of period , SEK Number of sold electrodes , pieces Average number of employees Definitions and a glossary are provided on page 19 July 1 - Sep 30 2021 2 982 63,3 % 86,8 % 0,15 78 270 -9 156 -0,13 1,24 68 475 68 475 4,88 8 304 17 2020 Important events during the quarter Overall sales increased by 30 % ( + 36 % , before cur rency effects ) .Covid - 19 continues to affect sales and the market situation remains difficult to predict going forward , due to ongoing lockdowns and re duced marketing activities . Sales in the company's key market Germany increased by 9 % ( + 11 % in lo cal currency ) . SCIBASE SciBase has entered into an agreement with Vator Securities AB [ " Vator Securities " ) regarding the ser vice as a Certified Adviser . Vator Securities took over as Certified Adviser on September 28 , 2021 . Until Vator Securities took over , Avanza Bank AB continued to act as Certified Adviser for the Com pany . At an extraordinary general meeting held on Sep tember 7 , 2021 , Jvalini Dwarkasing was elected as a new member of the Board . The Board has therefore the following composition : Tord Lendau ( chair man ) , Diana Ferro , Thomas Taapken , Matt Leavitt and Jvalini Dwarkasing . Important events after the end of the period A nominating committee was appointed . 2 287 52,7 % 67,0 % 0,49 21724 -6 974 -0,20 0,71 36 560 36 560 4,00 6924 16 Jan 1 - Sep 30 2020 2021 7 802 57,8 % 86,8 % 0,15 78 270 -27 792 -0,46 1,40 60 827 68 475 4,88 21 768 17 6 466 54,0 % 67,0 % 0,49 21724 -23 571 -0,99 1,02 25481 36 560 4,00 18 194 16 Oct 1 2020 - Sep 30 2021 Rolling - 12 10 857 55,4 % 81,2 % 1 0,23 78 270 -38 081 -0,65 0,96 57 797 68 475 4,88 29260 17 Jan 1 Dec 31 2020 - r 9521 52,5 % 79,1 % 0,26 41427 -33 861 -1,12 1,50 31 287 54 780 4,62 25 686 16