STOCKHOLM, SWEDEN, - January 9, 2024 - SciBase Holding AB ("SciBase") [STO: SCIB], a leading developer of augmented intelligence-based solutions for skin disorders hereby invites investors, analysts, and financial media to SciBase capital markets day on January 25, 2024.
SciBase has evolved from being an innovation company originating from the Karolinska Institute to a global company dedicated to supporting healthcare professionals in their work by facilitating early detection and prevention of skin cancer and other dermatological conditions.
During SciBase's Capital Markets Day, Pia Renaudin, who assumed the role of CEO in October 2023, will provide insights into SciBase's future trajectory, and unveil an updated strategic outlook, and long-term strategic goals. The presentations will underscore the company's focus on the USA and shed light on SciBase's ongoing expansion into promising new markets.
Two external speakers will participate in the event, further supporting the US role in the SciBase strategy going forward.
Darrell S. Rigel, MD, MS, Clinical Professor of Dermatology at the Mount Sinai Icahn School of Medicine Dr. Rigel, a US-based and world-prominent dermatologist will talk about his experiences regarding the clinical benefits of SciBase products. Dr. Rigel has been a Dermatology leader for 30+ years, served as President of major associations such as AAD (American Academy of Dermatology), and Vice-President of the American Board of Dermatology for 13 years. A trusted advisor on national health policy, he testifies before Congress and the FDA, consulting for government and industry. As Scientific Co-Chair of Clinical Dermatology Conferences, he educates over 4000 colleagues annually. Maintaining practices in Manhattan and Dallas, Dr. Rigel specializes in Melanoma, Skin Cancer, and related issues. Internationally acclaimed, he delivers 1000+ lectures globally, is featured on CNN, Fox, ABC, and NBC, is quoted in major publications, and serves as the Team Dermatologist for the New York Yankees. With an MIT BS, MBA from MIT Sloan, and MD from George Washington University, he completed training at NYU and is a Clinical Professor at Mt. Sinai Icahn School of Medicine.
Kathy Francisco, MBA, CPC, Founder and CEO
Kathy established The Pinnacle Health Group in 1999 as a consulting group specializing in reimbursement for health care technologies, drugs, and biologics. For over 25 years, Pinnacle has been providing effective and appropriate reimbursement support for healthcare providers across the country. The Pinnacle team is comprised of certified coders, reimbursement specialists, and clinicians supporting clients with the development of strategic planning, economic positioning, financial analysis, payer coverage strategy, and tactical reimbursement positioning. In addition, daily support is offered to providers offering HIPAA-compliant prior authorization, appeals, and appropriate payment for procedures and technologies that are key to ongoing medically necessary patient care.
Following the presentations, there will be an interactive session allowing participants to pose questions. The event will be digitally broadcast, starting at CET 14:00 and is expected to last until CET 15:30.
A recording of the event will be made available on the SciBase website.
Date: January 25, 2024
Time: CET 14:00 – 15:30 CET.
Format: Digital. Additional information regarding participation and a link will be published later. The presentations will be in English.
Welcome!
For additional information, please contact: Pia Renaudin, VD, tel. +46732069802, e-mail: [email protected] Michael Colerus, CFO, tel. +46703413472, e-mail: [email protected]
SciBase is a global medical technology company, specializing in early detection and prevention in dermatology. SciBase develops and commercializes Nevisense, a unique point-of-care platform that combines AI (artificial intelligence) and advanced EIS technology to elevate diagnostic accuracy, ensuring proactive skin health management.
Our commitment is to minimize patient suffering, allowing clinicians to improve and save lives through timely detection and intervention and reduce healthcare costs.
Built on more than 20 years of research at Karolinska Institute in Stockholm, Sweden, SciBase is a leader in dermatological advancements.
The company has been on the Nasdaq First North Growth Market exchange since June 2, 2015. Learn more at www.scibase.com. All press-releases and financial reports can be found here : http://investors.scibase.se/en/pressreleases
STOCKHOLM, SWEDEN, - December 28, 2023 - SciBase Holding AB ("SciBase") [STO:SCIB], a leading developer of augmented intelligence-based solutions for skin disorders hereby invites investors, analysts and financial media to SciBase capital markets day on January 25, 2024.
SciBase has gone from being an innovation Company originating from the Karolinska Institute to a global company that supports physicians in their work by enabling early detection and prevention in skin cancer and other skin diseases.
During SciBase's capital markets day, Pia Renaudin, CEO since October 2023, will discuss SciBase's way forward, updated strategy and long-term goals. The presentations will focus on the USA as well as SciBase's ongoing establishment in new promising markets.
Several external speakers will participate in the event. A US-based and world prominent dermatologist will talk about his experiences regarding the clinical benefits with SciBase products. Pinnacle, an independent specialist company in the US reimbursement system, will explain the SciBase path towards reimbursement in the US.
After the presentations, there will be an opportunity to ask questions. The event will be broadcasted digitally and will begin at CET 14:00 and is expected to last until CET 15:30. A recording of the event will be available on SciBase website.
Date: January 25, 2024
Time: CET 14:00 – 15:30 CET.
Format: Digital. Additional information regarding participation and a link will be published at a later date. The presentations will be in English.
Welcome!
For additional information, please contact: Pia Renaudin, VD, tel. +46732069802, e-mail: [email protected] Michael Colerus, CFO, tel. +46703413472, e-mail: [email protected]
SciBase is a global medical technology company, specializing in early detection and prevention in dermatology. SciBase develops and commercializes Nevisense, a unique point-of-care platform that combines AI (artificial intelligence) and advanced EIS technology to elevate diagnostic accuracy, ensuring proactive skin health management.
Our commitment is to minimize patient suffering, allowing clinicians to improve and save lives through timely detection and intervention and reduce healthcare costs.
Built on more than 20 years of research at Karolinska Institute in Stockholm, Sweden, SciBase is a leader in dermatological advancements.
The company has been on the Nasdaq First North Growth Market exchange since June 2, 2015. Learn more at www.scibase.com. All press-releases and financial reports can be found here : http://investors.scibase.se/en/pressreleases
The cash flow from current operations was negative in the amount of TSEK 17,827 (9,718).
The gross margin was 68.2% (58.4%).
Electrode sales volume increased by 60% and was 16,922 (10,592) units. Repeat sales of electrodes to existing customers increased by 66%.
January - September in figures
Net sales were TSEK 17,481 (12,927), +35%.
The loss after tax was TSEK 35,044 (27,713).
The loss per share was SEK 0.34 (0.40).
The cash flow from current operations was negative in the amount of TSEK 34,633 (29,783).
The gross margin was 67.5% (63.3%).
Electrode sales volume increased by 32% and was 39,866 (30,172) units. Repeat sales of electrodes to existing customers increased by 33%.
Important events during the quarter
Overall sales increased by 47% (+33, before currency effects). Sales in Germany increased by 65% (49% in local currency). Sales in the US skin cancer market was 31% lower than Q3 2022. Sales within the skin barrier segment increased by 42%.
SciBase appointed Pia Renaudin as new Chief Executive Officer.
SciBase signed new collaboration agreement with Bare Dermatology to advance skin cancer detection in Texas.
SciBase strengthens US team with experienced Dermatology executive.
A study was published in the journal Allergy showing that Nevisense detects skin barrier dysfunction in children with Atopic Dermatitis. The study was performed together with the University Children's Hospital Zürich.
The results from a collaborative scientific project with the Swiss Institute of Allergy and Asthma Research (SIAF) in Davos, Switzerland was published in the journal Allergy. The study is the first to use Nevisense to measure skin barrier function in human excised skin samples, demonstrating Nevisense as an effective laboratory research device.
Important events after the end of the period
A nominating committee for the Annual General Meeting in 2024 was appointed.
Financial overview
Oct 1, 2022 -
July 1 - Sep 30
Jan 1 - Sep 30
Sep 30, 2023
Jan 1 - Dec 31
THE GROUP
2023
2022
2023
2022
Rolling-12
2022
Net sales, SEK ths
7 248
4 941
17 481
12 927
22 444
17 890
Gross margin, %
68,2%
58,4%
67,5%
63,3%
66,1%
62,8%
Equity/Asset ratio, %
72,4%
72,5%
72,4%
72,5%
72,4%
50,6%
Net indebtness, multiple
0,38
0,38
0,38
0,38
0,38
0,98
Cash equivalents, SEK ths
52 353
34 014
52 353
34 014
52 353
18 832
Cashflow from operating activities, SEK ths
-17 827
-9 718
-34 633
-29 873
-49 225
-44 466
Earnings per share (before and after dilution), SEK
-0,11
-0,13
-0,34
-0,40
-0,53
-0,63
Shareholder's equity per share, SEK
0,50
0,57
0,58
0,57
0,52
0,37
Average number of shares, 000'
119 831
68 475
104 029
68 475
95 141
68 475
Number of shares at closing of period, 000'*
119 831
68 475
119 831
68 475
119 831
68 475
Share price at end of period, SEK
1,24
3,70
1,24
3,70
1,24
3,82
Number of sold electrodes, pieces
16 922
10 592
39 866
30 172
51 406
41 712
Average number of employees
23
20
22
19
21
20
This information is information that SciBase Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 08.00 CET on November 10, 2023.
This report has been comprehensively reviewed by the Company’s auditors.
Contact person:
Michael Colérus, CFO, +46 70 341 34 72
For more information, please contact:
Pia Renaudin, CEO SciBase
Tel: +46 73 206 98 02
Email: [email protected]
About SciBase and Nevisense SciBase is a global medical technology company headquartered in Stockholm, Sweden, that has developed a unique point of care platform for the non-invasive detection of skin cancer and other skin conditions. SciBase is a pioneer within augmented intelligence, combining artificial intelligence with Electrical Impedance Spectroscopy (EIS) to provide objective information that assists dermatologists and others in clinical decision-making. SciBase’s products include Nevisense and Nevisense Go and to date the platform addresses the areas of melanoma detection, non-melanoma skin cancer detection and skin barrier assessment. Nevisense is the only FDA-approved device for the detection of melanoma and the only MDR-approved technology for skin cancer detection in Europe. SciBase’s technology is based on more than 20 years of academic research at the Karolinska Institute in Stockholm, Sweden. For more information please visit www.scibase.com. All press-releases and financial reports can be found here : http://investors.scibase.se/en/pressreleases
STOCKHOLM, SWEDEN, - November 16, 2023 - SciBase Holding AB ("SciBase") [STO:SCIB], a leading developer of augmented intelligence-based solutions for skin disorders announced today that they have entered into a collaboration agreement with the Skin and Cancer Institute to pilot Nevisense in several of their California locations. The Skin and Cancer Institute is a world-renowned dermatology practice group of dermatologists and skin cancer surgeons, and will be the first dermatology practice group in California to bring AI-driven technology to their patients for skin cancer detection. With more than 50 offices across a three-state network comprised of California, Arizona and Nevada, they are one of the largest dermatology groups in the country. The collaboration will provide the Skin and Cancer Institute's group with Nevisense, the only AI-driven FDA approved test for early melanoma detection at point-of-care.
"We are excited to integrate the Nevisense test during routine skin exams in several of our California offices and offer our patients the latest AI-driven technology for the earliest possible detection of melanoma. Melanoma is the deadliest form of skin cancer, but when detected early, treatment has a nearly 100% cure rate. Early testing and treatment are critical for improving survival rates. We are committed to providing life-saving treatments to our patients and strive to deliver the highest level of care possible. For these reasons, we want to provide our patients with the most advanced technology that further supports our commitment to delivering the best care to our patients," said Dr. Dan Taheri, Medical Director and CEO of The Skin Cancer Institute Dermatology Group.
"We are very pleased to announce our collaboration with the Skin and Cancer Institute. In addition to the early detection benefits for patients, the partnership means clinicians at several of their California offices will have access to state-of-the-art melanoma detection technology at point-of-care. For SciBase, this means we expand and establish a coast-to-coast reach that provides patients with access to early melanoma detection technology. It also helps introduce Nevisense to more US payers." said Pia Renaudin, Chief Executive Officer of SciBase.
For more information, please contact:
Pia Renaudin, CEO SciBase
Tel: +46 73 206 98 02
Email: [email protected]
About SciBase and Nevisense SciBase is a global medical technology company headquartered in Stockholm, Sweden, that has developed a unique point of care platform for the non-invasive detection of skin cancer and other skin conditions. SciBase is a pioneer within augmented intelligence, combining artificial intelligence with Electrical Impedance Spectroscopy (EIS) to provide objective information that assists dermatologists and others in clinical decision-making. SciBase's products include Nevisense and Nevisense Go and to date the platform addresses the areas of melanoma detection, non-melanoma skin cancer detection and skin barrier assessment. Nevisense is the only FDA-approved device for the detection of melanoma and the only MDR-approved technology for skin cancer detection in Europe. SciBase's technology is based on more than 20 years of academic research at the Karolinska Institute in Stockholm, Sweden. For more information please visit www.scibase.com. All press-releases and financial reports can be found here : http://investors.scibase.se/en/pressreleases .
STOCKHOLM, SWEDEN, - December 04, 2023 - SciBase Holding AB ("SciBase") [STO:SCIB], a leading developer of augmented intelligence-based solutions for skin disorders announced today that it will continue its US coast-to-coast momentum with a collaboration agreement with the Skin and Cancer Reconstructive Surgery Center ("SCARS Center") in California. This partnership will help further introduce Nevisense to a broader US market. The Nevisense System is a first-of-its-kind AI-driven technology that uniquely addresses the complexities of point-of-care detection of the deadliest form of skin cancer by providing clinicians with advanced analysis of irregular moles during routine skin checks.
"Through our new partnership with Nevisense, we are now one of the first groups in the country to adopt AI technology that will help our clinicians improve patient outcomes," said Dr. Simon Madorsky, medical director and founder of the Skin Cancer and Reconstructive Surgery Center. Dr. Madorsky is also the CME Chair of the SCARS Foundation, dedicated to skin cancer research and physician education. "At SCARS Center, we are dedicated to providing our patients and physicians with the resources needed to understand, prevent, and cure skin cancers. We have long been at the forefront of innovation, and we look forward to furthering those capabilities with Nevisense. Early detection of skin cancers with advanced technology provides patients with the peace of mind they deserve during skin cancer checks," said Dr. Madorsky.
"SciBase and the SCARS Center team are well aligned with a shared mission to provide clinicians with early detection of melanoma solutions that can drive improved patient outcomes," said Pia Renaudin, CEO of SciBase. "We are continuing to broaden SciBase's presence throughout the US, to further increase patient access to point-of-care technology that enables the earliest detection possible of melanoma when it is almost 100% curable".
For more information, please contact:
Pia Renaudin, CEO SciBase
Tel: +46 73 206 98 02
Email: [email protected]
About the Skin Cancer and Reconstructive Surgery Center
The Skin Cancer and Reconstructive Surgery Center is an all-encompassing skin cancer treatment facility dedicated to achieving skin cancer cure while maintaining the functionality and appearance of the face and body. The SCARS Center accepts referrals at any point in their skin cancer journey, frequently coordinating Mohs surgery and reconstructive surgery with local physicians for an improved patient experience. Their accredited onsite surgery center allows Mohs surgeons and reconstructive surgeons the ability to work together to provide skin cancer treatment in one convenient location. The surgery center includes two operating rooms, two recovery rooms, and a serene waiting area for patients' family members. The SCARS Center board certified anesthesiologists provide exceptional care in local, monitored anesthesia, and general anesthesia.
About SciBase and Nevisense SciBase is a global medical technology company headquartered in Stockholm, Sweden, that has developed a unique point of care platform for the non-invasive detection of skin cancer and other skin conditions. SciBase is a pioneer within augmented intelligence, combining artificial intelligence with Electrical Impedance Spectroscopy (EIS) to provide objective information that assists dermatologists and others in clinical decision-making. SciBase's products include Nevisense and Nevisense Go and to date the platform addresses the areas of melanoma detection, non-melanoma skin cancer detection and skin barrier assessment. Nevisense is the only FDA-approved device for the detection of melanoma and the only MDR-approved technology for skin cancer detection in Europe. SciBase's technology is based on more than 20 years of academic research at the Karolinska Institute in Stockholm, Sweden. For more information please visit www.scibase.com. All press-releases and financial reports can be found here : http://investors.scibase.se/en/pressreleases
