Interim Report

January 1 – March, 2016

The first quarter in figures

  • Total net sales amounted to TSEK 1,066 (1,057).
  • The loss after tax amounted to TSEK 11,600 (9,179).
  • The loss per share amounted to SEK 1.40 (1.84).
  • The cash flow from current operations was negative in the amount of TSEK 11,247 (9,197).
  • Significant margin improvement with gross margin increasing to 26.3% in Q1 (2.6% Q1 15).

Important events during the quarter

  • SciBase’s PMA application was accepted on January 14th as complete starting the formal evaluation process by the FDA. There has been a high level of interaction between SciBase and the FDA during and continuing after the first quarter.
  • Continued good growth in key market Germany with total sales up 20% and electrode sales volume up 49%.
  • SciBase has signed a distribution agreement for Switzerland with CDP SWISS AG. The sales and marketing effort of SciBase’s melanoma detection product Nevisense will initially focus on the nearly 400 dermatologists that work in private clinics in Switzerland.
  • A change in the Company’s board of directors was communicated as Viktor Dvrota, as a result of his appointment as Head of Investment at Karolinska Development, has resigned from SciBase’s Board of Directors. Alternate director Andreas Pennervall will take his place.

Important events after the end of the period

  • On April 25th, the Annual Report for 2015 was published.

        Apr 1 2015 - 
      Jan 1 - Mar 31 Mar 31 2016 Jan 1 - Dec 31
THE GROUP     2016 2015 Rolling-12 2015
Net sales, SEK ths     1 066 1 057 4 160 4 151
Gross margin, %     26,3% 2,6% 8,5% 2,5%
Equity/Asset ratio, %     94,4% 73,0% 94,4% 95,1%
Net indebtness, multiple     0,06 0,37 0,06 0,05
Cash equivalents, SEK ths     122 241 17 313 122 241 133 736
Cashflow from operating activities, SEK ths -11 247 -9 197 -48 638 -46 588
Earnings per share (before and after dilution), SEK* -1,40 -1,84 -5,68 -6,01
Shareholder's equity per share, SEK*   16,19 4,71 17,34 21,09
Average number of shares, 000'*   8 285 4 985 7 735 6 910
Number of shares at closing of period, 000'* 8 285 4 985 8 285 8 285
Share price at end of period, SEK   23,50 - 23,50 31,00
Average number of employees   18 14 15 14
*Adjusted for in May 2015 performed reversed split, 40:1

About SciBase and Nevisense

SciBase AB is a Swedish medical technology company, headquartered in Stockholm that has developed a unique point-of-care device for the accurate detection of malignant melanoma. Its product, Nevisense, helps doctors to detect malignant melanoma, the most dangerous type of skin cancer. SciBase was founded by Stig Ollmar, Associate Professor at The Karolinska Institute in Stockholm, Sweden. Nevisense is based on substantial research and has achieved excellent results in the largest clinical study ever conducted on the detection of malignant melanoma. Nevisense is CE marked in Europe, has TGA approval in Australia, and is awaiting FDA clearance in the United States. Nevisense is based on a method called Electrical Impedance Spectroscopy (EIS), which uses the varying electrical properties of human tissue to categorize cellular structures and thereby detect malignancies. SciBase is listed on Nasdaq First North (“SCIB”). Avanza is the certified advisor. Further information is available on www.scibase.com.

SciBase Holding AB is required to disclose the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 8 am on May 13, 2016.

For further information please contact:

Simon Grant, CEO, tele :   46 72 887 43 99

Michael Colérus, CFO, tele : 46 70 341 34 72

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About Us

SciBase is a Swedish medical technology company founded in 1998 that has developed Nevisense, a point-of-care device for the accurate detection of malignant melanoma. Nevisense has emerged from more than 20 years of research at Karolinska Institute in Stockholm and at SciBase. The device is designed to be provide additional information when evaluating lesions with a suspicion of melanoma. Nevisense is based on a technology called Electrical Impedance Spectroscopy (EIS), which uses the varying electrical properties of human tissue to categorize cellular structures and thereby detect malignancies. The CE-marked system consists of an electrode on a hand-held probe connected to a small portable device performing the analysis and displaying the result. A video describing the Nevisense method is available on: www.scibase.se/en/the-nevisenseproduct and further information is also available on www.scibase.com.

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