2020 has started very well and up to the reporting date, the orderbook has increased by 116%. We are currently experiencing rapid growth, and I am happy to conclude that the year has started so well.
2020 is an incredibly important year for us. We are focusing on clinical results in Europe, the surgeries in the EPIC Knee study, strong growth in Europe and the launch of the ankle implant. In our opinion, all of this creates the basis for a very exciting 2020. says Pål Ryfors, CEO Episurf Medical.
Fourth quarter 2019 compared to 2018, Group
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Group net sales increased by 18.1% to SEK 1.3m (1.1)
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Gross order intake amounted to SEK 1.2m (1.5)
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Order backlog amounted to SEK 1.1m (1.2)
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21.6% decrease in orders for Episealer knee implants during the quarter with 47 (60) approved orders, the growth during 2020 up to the reporting date amounts to 115.8%.
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Loss for the period amounted to SEK -18.7m (-15.3), the increased costs during the quarter are due to the groups work on the IDE study in the US
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Earnings per share amounted to SEK -0.21 (-0.49)
Twelve months 2019, compared to twelve months 2018, Group
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Gross order intake amounted to SEK 5.0m (4.4) an increase of 15.4%
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22.4% increase in orders for Episealer knee implants during the financial year with 202 (165) approved orders
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Group net sales increased by 23.5% to SEK 4.9m (4.0)
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Loss for the period amounted to SEK -69.8m (-57.8), the increased costs during the twelve months are due to the groups work on the IDE study in the US
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Earnings per share amounted to SEK -1.04 (-1.71)
Significant events during the fourth quarter
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Dr. Kevin D. Plancher was appointed Lead Investigator for Episurfs Episealer IDE study
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US, Chinese, European and UK patent approvals for Episurf Medical
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Episurf Medical signed Italian distributor agreement
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Clinical data were presented in the UK, Germany, Italy and the US
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Clinical results for Episealer were accepted as poster presentation for the ESSKA Congress
Significant events after the fourth quarter
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Episurf Medical received CE mark for Episealer Talus and Talus Osteotomy Guide
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Episurf Medical updated on AI-based production process
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Episealer will be presented at sports medicine meeting in Germany
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Clinical data for Episealer were presented at orthopaedic congress in The United Kingdom
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US patent approval for Episurf Medical
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Episealer Talus was registered for sale in Italy and Spain
For more information, please contact:
Pål Ryfors, CEO, Episurf Medical