JULY -
- Net sales amounted to kSEK 5,287 (1,023), an increase of 417%.
- Operating loss, EBIT amounted to kSEK 959 (5,857).
- Result after tax amounted to kSEK -1,008 (-2,372).
-
Earnings per share were
SEK -0.07 (-0.17).
SIGNIFICANT EVENTS DURING THE PERIOD
- On
July 7 , Redsense alarm system was featured inKFF Health News -
On
August 15 , Redsense secured a strong autumn with a mSEK 11.2 order. -
On
September 27 ,Redsense Medical arranged Congressional Briefing to address Venous Needle Dislodgement. -
On
September 28 , Redsense announced thatRedsense Medical AB has a new large shareholder. -
On
September 29 ,Redsense Medical AB has been qualified and approved to enter share trading on the OTCQX trading platform in the US under the symbol "RDSNF".
SALES GROWTH FOUR QUARTERS IN A ROW
We are pleased to report four quarters in a row with net sales growth. The driver behind the positive development is the US market, and in August we received another large order from one of our US distributors. Part of this mSEK 11.2 order was delivered during the quarter, but most of it is still to be dispatched. Net sales for the third quarter increased by 417 percent to kSEK 5,287 (1,023). The US market remains the foundation and driver of our growth with 98 (98) percent of the net sales. During the quarter the positive development in the
Increasing awareness in our main market
During the quarter, we have been busy in the US with activities to increase awareness and promote the use of blood loss detection alarms. We exhibited at the
Home hemodialysis is in focus among dialysis providers, and this modality is gaining popularity thanks to all the benefits that come with home treatment. A driving force is the improved clinical outcome for the patient, but also cost savings both for patients and providers. Home hemodialysis means increased convenience for the patient, and, in the end, improved quality of life. To realize the full potential of home hemodialysis, it is important to address one of the remaining safety issues during hemodialysis; Venous Needle Dislodgement (VND).
It is encouraging that the
As previously communicated, we are pleased that monitoring of VND for home hemodialysis patients is also acknowledged by the
In July, VND was also on the agenda at the AAKP Annual Policy Meeting, attended by a member of Congressman
At end of September, Redsense arranged a Congressional briefing to address VND, in order to share knowledge and experience, as to discuss the risks with VND and how to increase patient safety for home hemodialysis patients. The briefing included presentations from AAKP, the
To conclude, it is very promising with all the increased awareness of VND among a number of US stakeholders. Moving forward, this support will be instrumental for our continued growth within the US home hemodialysis segment.
Good progress with the Clamp
As we have previously communicated, the last step in attaining a CE mark for the Clamp, is a usability study. I am pleased to announce that this study has begun and is underway at the
Looking forward
Our strategic priorities remain firm: to capitalize on our strong position in the US home hemodialysis segment to further grow our sales, promote the advancement of Home Dialysis Risk Prevention Act, and secure the CE mark of the Clamp to pave the way for market launch.
On another note, I am very pleased that our application for cross-trading at OTCQX Markets was approved at end of September, and with that we have opened for US investors to trade the Redsense share.
We move into the last quarter of the year with a lot of confidence, and I look forward to keeping you updated on our progress. We remain committed to improving safety for dialysis patients - and saving lives!
Pontus Nobréus
CEO
This information is information that
Contact information
For more information, please contact:
Pontus Nobréus
CEO
Telephone: +46 72-171 1264
E-mail: pontus.nobreus (at) redsensemedical.com
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