Third quarter 2020

All figures for 2020 and 2019 refer to the Group.

  • Other operating income amounted to KSEK 1,656 (692)
  • Result after taxes amounted to KSEK -2,348 (-3,054)
  • Basic and diluted earnings per share: SEK -0.02 (-0.04)
  • The cash flow from operating activities was KSEK -5,300 (-3,072)

Nine months, Jan-Sep 2020

  • Other operating income amounted to KSEK 3,713 (2,005)
  • Result after taxes amounted to KSEK -10,942 (-9,979)
  • Basic and diluted earnings per share: SEK -0.12 (-0.12)
  • The cash flow from operating activities was KSEK -10,642 (-6,648)
  • Solidity: 95 (81)%

Significant events during the third quarter

  • SpectraCure has completed the rights issue of units resolved upon by the Board of Directors on May 5, 2020 and approved by the extraordinary general meeting on May 22, 2020. In connection with the rights issue, a directed issue of units was carried out to the guarantors and the financial adviser for the rights issue in the form of units consisting of newly issued shares and Series TO4 subscription warrants.
  • The rights issue was registered with the Swedish Companies Registration Office. The last day of trading of paid subscription units (BTU) was August 4, 2020. Paid subscription units were then transformed to shares and Series TO4 warrants. The rights issue provided the Company proceeds of approximately MSEK 140 before issuance costs.

Significant events after the third quarter

  • In conjunction with the publication of the October investor letter, it was disclosed in a press release that the Company is planning to hold an Investigator Meeting in November. Responsible physicians and coordinators from the hospitals included in SpectraCure’s clinical study will be invited to attend the digital meeting, along with additional persons from the Company. Among other things, discussions regarding statistics and the outcome of treatments will be on the agenda. The Investigator Meeting will form part of the basis for a new meeting – an advisory meeting – with the U.S. Food and Drug Administration (FDA).
  • The prototype has evolved into a product and now features the design and the functionality it will have in the future launch.