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Dignitana AB Publishes Q1 2019 Interim Report

Files for download
Dignitana Release - wkr0006.pdf

Results and financial position

Significant events during the period

  • Sales and other income for the period amounted to 10,106 TSEK, $1,102 KUSD, an increase of 69 percent compared to the same period in 2018 and a15 percent quarter over quarter growth compared to fourth quarter 2018.
  • EBITDA amounted to (2,799) TSEK, ($305) KUSD, a 59 percent improvement compared to the same period in 2018.
  • Contracts were signed for 22 locations globally, bringing the total number of sites in the U.S. to 125 in 29 states at the close of first quarter.
  • Dignitana announced receipt of CE Marking approval for European sales of the new DigniCap Delta device.
  • As a result of the rights and directed equity issues in December, Dignitana now has 48,599,155 shares registered at Swedish Companies Registration Office.
  • Dignitana announced a partnership with oneservice GmbH, a global provider of specialty technical services, to provide service and maintenance to facilities offering DigniCap in Europe.

Significant events after the period

  • Contracts for 19 units were executed globally, including an order of 5 units for Kuwait, bringing the total of number of sites in the U.S.to 129 in 29 states.
  • FDA review of the 510(k) application for DigniCap Delta is ongoing with clearance expected late summer 2019.


Financial results in brief

Key Ratios

DIGNITANA GROUP  Q1 2019  Q1 2018  Full year 2018 
Net revenues, TSEK  9,237  5,897  33,742 
Total revenues TSEK  10,106  5,988  34,075 
Net profit after financial items, TSEK  (5,270)  (8,950)  (25,846) 
Cash and bank balances, TSEK  21,715  22,185  22,161 
Earnings per share before and after dilution, SEK  (0.11)  (0.22)  (0.66) 
DIGNITANA AB  Q1 2019  Q1 2018  Full year 2018 
Net revenues, TSEK  6,220  4,444  24,849 
Total revenues TSEK  7,090  4,535  25,392 
Net profit after financial items, TSEK  (5,286)  (9,027)  (25,796) 
Cash and bank balances, TSEK  17,085  19,636  19,519 

The full report is attached to this release and will be posted today at https://investor.dignitana.com/financial-reports/

This information is information that Dignitana AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, by the above contact, for publication at 0830 CET on 15 May 2019.


Company Contact

William Cronin, Chief Executive Officer, Dignitana AB  bill.cronin@dignitana.com +1 469 917 5555

Mikael Wahlgren, Deputy Managing Director, Dignitana AB  mikael.wahlgren@dignitana.com   +46 709 33 72 20

About Dignitana AB (publ)

Dignitana AB is the world leader in clinically superior scalp cooling technology. The company produces The DigniCap® Scalp Cooling System, a patented medical cooling device that offers cancer patients the ability to minimize hair loss during chemotherapy. FDA cleared since 2015, DigniCap provides continuous cooling with high efficacy, safety and acceptable patient comfort. Dignitana AB is listed on Nasdaq First North Stockholm in Sweden with headquarters in Lund, Sweden and operations based in Dallas, Texas in the United States.  Company subsidiaries are Dignitana, Inc. in the United States and Dignitana S.r.l. in Italy. Learn more at www.dignitana.se and www.dignicap.com.

Erik Penser Bank AB, Certified Adviser, +46 (0) 8 463 83 00  certifiedadviser@penser.se  www.penser.se