PolarCool AB (publ) publishes the number of rental systems on the market by end of 2022 and its view for 2023
During 2022, the med-tech company PolarCool AB (publ) established an installed a base of 38 PolarCap® Systems in Europe. This means that the number of installed systems has doubled during the year. At the same time, the company estimates that the rental of new systems will increase and by the end of 2023 amount to 100-150 systems. The income from 150 rented systems is expected to cover the company's cost base with current operations. However, PolarCool expects to achieve FDA approval during the year, which in that case will mean an investment into the USA and thus increased costs. -