January 1 – December 31, 2018

The fourth quarter in figures

• Net sales amounted to TSEK 2,030 (1,886).
• The loss after tax amounted to TSEK 11,506 (10,295).
• The loss per share amounted to SEK 0.69 (1.13).
• The cash flow from current operations was negative in the amount of TSEK 9,990 (11,358).
• The gross margin increased to 52.1% (31,5%).
• Electrode sales in volume decreased by 2% and reached 3,872 (3,936) units. Repeat sales of electrodes to existing customers increased by 6%.

The full year in figures

• Net sales amounted to TSEK 6,899 (6,859).
• The loss after tax amounted to TSEK 44,215 (42,464).
• The loss per share amounted to SEK 2.66 (5.00).
• The cash flow from current operations was negative in the amount of TSEK 37,482 (44,180). 
• The gross margin increased to 52.0% (35.4%).
• Electrode sales in volume decreased by 7% and reached 15,478 (16,704) units. Repeat sales of electrodes were at the same level as 2017.

Important events during the quarter

• Sales on the company’s key market Germany increased by 41% in the quarter driven by system sales to new customers. 
• A new German clinical guideline supported by Onkoderm was published. The guidelines support the use of Nevisense in the evaluation of lesions with suspicion of melanoma and also include a recommendation for reimbursement. 
• SciBase and the Swiss Institute of Allergy and Asthma Research, Davos Switzerland (SIAF-SFI) announced the signing of a formal collaboration agreement within the area of barrier function testing using Electrical Impedance Spectroscopy (EIS). In addition the partners have jointly filed a patent application covering the use of electrical impedance testing for the evaluation of epithelial barrier function, potentially a unique tool to help address some of the most common disorders such as eczema, food allergy, allergic rhinitis and asthma.  
• A new US study was published online in the Journal of the American Academy of Dermatology (JAAD) that showed good potential for Nevisense to improve clinical decision-making.
• The Company participated in the Fall Clinical meeting in Las Vegas.
• A nominating committee was appointed

Important events after the end of the period

•  No significant events have occurred after the end of the period.

This information is information that SciBase Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 08.00 CET on February 20, 2019.

This interim report has not been subject to review by the Company’s auditors.

Contact person: Michael Colérus, CFO. +46 70 341 34 72

For more information, please contact: 
Simon Grant, CEO SciBase 
Phone: +46 72 887 43 99 
Email: [email protected]

About SciBase and Nevisense

SciBase AB is a Swedish medical technology company, headquartered in Stockholm that has developed a unique point-of-care device for the accurate detection of malignant melanoma. Its first product, Nevisense, helps doctors to detect malignant melanoma, the most dangerous type of skin cancer. SciBase was founded by Stig Ollmar, Associate Professor at The Karolinska Institute in Stockholm, Sweden. Nevisense is based on substantial research and has achieved excellent results in the largest clinical study ever conducted on the detection of malignant melanoma. Nevisense is CE marked in Europe, has TGA approval in Australia and a FDA clearance in the United States. Nevisense is based on a method called Electrical Impedance Spectroscopy (EIS), which uses the varying electrical properties of human tissue to categorize cellular structures and thereby detect malignancies and abnormalities. SciBase is listed on Nasdaq First North (“SCIB”). Further information is available at www.scibase.com. 

The previously announced breakthrough update to Nevisense, SciBase device for the early detection of melanoma, has now been released.

"To be accepted by an even broader customer group, we needed to improve the ease of use of Nevisense and make it easier to integrate into a clinic’s workflow. We have achieved this with Nevisense 3.0 and I am delighted to announce the release of the product. Not only does the upgrade dramatically simplify the testing process, it also delivers an improved level of clinical accuracy. We consider this the most important update in the history of the product, and believe this will allow us to address the needs of the mainstream market.” says SciBase CEO Simon Grant.

The key improvement is the elimination of the need for a reference measurement, which up until now has been the most complex part of the Nevisense test. Removing this streamlines the measurement procedure and makes Nevisense straightforward to learn and use. This is a very important improvement in usability and makes the product much easier to integrate into the patient flow at dermatology clinics.

At the same time the new algorithm has been shown to provide an improved level of clinical accuracy. Sensitivity has remained very high and increased slightly to 97%. Specificity has increased to 38% and negative predictive value (NPV) has improved to 99%.

The Nevisense 3.0 upgrade will be installed at a core group of 25 users in the EU (primarily Germany) in June, and will be available for general release after the summer. “We realise the impact that the launch of the new product may have on new customers who will prefer to wait for the general release to purchase Nevisense. We expect this to have a temporary negative effect on sales, balanced by an expected increase in incoming orders”, says Simon Grant.

For more information, please contact:
Simon Grant, CEO SciBase
Tel: +46 72 887 43 99
Email: [email protected]  

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 above, at 08.00 CET on June 21, 2018.

About SciBase and Nevisense

SciBase AB is a Swedish medical technology company, headquartered in Stockholm that has developed a unique point-of-care device for the accurate detection of malignant melanoma. Its product, Nevisense, helps doctors to detect malignant melanoma, the most dangerous type of skin cancer. SciBase was founded by Stig Ollmar, Associate Professor at The Karolinska Institute in Stockholm, Sweden. Nevisense is based on substantial research and has achieved excellent results in the largest clinical study ever conducted on the detection of malignant melanoma. Nevisense is CE marked in Europe, has TGA approval in Australia and a FDA clearance in the United States. Nevisense is based on a method called Electrical Impedance Spectroscopy (EIS), which uses the varying electrical properties of human tissue to categorize cellular structures and thereby detect malignancies. SciBase is listed on Nasdaq First North (“SCIB”). Avanza is the certified advisor. Further information is available on www.scibase.com.

January 1 – June 30, 2018

The second quarter in figures

•  Net sales amounted to TSEK 1,571 (2,046).
•  The loss after tax amounted to TSEK 10,298 (11,746).
•  The loss per share amounted to SEK 0.62 (1.42).
•  The cash flow from current operations was negative in the amount of TSEK 10,119 (11,044).
•  The gross margin was 58.2% (34.2%).
•  Electrode sales in volume decreased by 18% and reached 4,304 (5,232) units. Repeat sales of electrodes decreased by 7%.

The first half-year in figures

•  Net sales amounted to TSEK 3,510 (3,801).
•  The loss after tax amounted to TSEK 19,955 (23,358). The loss per share amounted to SEK 1.20 (2.82).
•  The cash flow from current operations was negative in the amount of TSEK 19,801 (23,025). 
•  The gross margin was 51.7% (30.6%).
•  Electrode sales in volume decreased by 10% and reached 8,438 (9,328) units. Repeat sales of electrodes increased by 5%.

Important events during the quarter

•  In the period SciBase presented major improvements to Nevisense. The key improvement is the elimination of the need for a reference measurement, which up until now has been the most complex part of the Nevisense test. Removing this streamlines the measurement procedure and makes Nevisense straightforward to learn and use. This is a very important improvement in usability and makes the product much easier to integrate into the patient flow at dermatology clinics. 
•  The AGM 2018 was held on May 16th, 2018 
•  The first Nevisense article by US researchers was published by Svoboda, Rigel et al. in SKIN, The journal of cutaneous medicine

Important events after the end of the period

•  The FOBI meeting in Munich in July was the first meeting where the improved Nevisense was presented. Prof Axel Hauschild presented Nevisense in a workshop with nearly 100 attendees.

This information is information that SciBase Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 08.00 CET on August 21, 2018.

This interim report has not been subject to review by the Company’s auditors. 

Contact person:

Michael Colérus, CFO

For more information, please contact: 
Simon Grant, CEO SciBase 
Phone: +46 72 887 43 99 
Email: [email protected]

About SciBase and Nevisense

SciBase AB is a Swedish medical technology company, headquartered in Stockholm that has developed a unique point-of-care device for the accurate detection of malignant melanoma. Its product, Nevisense, helps doctors to detect malignant melanoma, the most dangerous type of skin cancer. SciBase was founded by Stig Ollmar, Associate Professor at The Karolinska Institute in Stockholm, Sweden. Nevisense is based on substantial research and has achieved excellent results in the largest clinical study ever conducted on the detection of malignant melanoma. Nevisense is CE marked in Europe, has TGA approval in Australia, and now also a FDA clearance in the United States. Nevisense is based on a method called Electrical Impedance Spectroscopy (EIS), which uses the varying electrical properties of human tissue to categorize cellular structures and thereby detect malignancies. SciBase is listed on Nasdaq First North (“SCIB”). Avanza is the certified advisor. Further information is available on www.scibase.com.

New data has been presented in a US publication showing that by including the Nevisense result in clinical decision-making, physicians significantly improved their accuracy in identifying malignant melanoma. The article, titled “Assessment of Clinician Accuracy for Diagnosing Melanoma Based on Electrical Impedance Spectroscopy Score Plus Morphology Versus Lesion Morphology Alone” by Dr Ryan M. Svoboda and others was published online in the Journal of the American Academy of Dermatology (JAAD).

The study was performed as a Reader study in the US, with 164 US physicians reviewing and evaluating clinical images of lesions. The aim of the study was to assess the impact of Nevisense results on the clinician’s diagnostic accuracy and biopsy decisions. Overall 7,380 clinical decisions were made, first based on a lesion’s visual characteristics alone, and secondly based on visual characteristics combined with the Nevisense test result. The addition of Nevisense resulted in 402 fewer missed melanomas and a net decrease of 376 benign biopsies.

“This study shows that integrating the information into the biopsy decision that Nevisense examinations provide led to improved diagnostic accuracy both in terms of sensitivity and specificity, resulting in fewer biopsies of benign lesions and more biopsies of melanomas.” Says Dr Darrell Rigel, Clinical Professor of Dermatology at New York University Medical Center.

Dr Rigel also presented the main findings of the study at the Fall Clinical Congress, held in Las Vegas in October.

“We are very happy with the study results. They show that Nevisense can have a meaningful impact on clinical decisions for US physicians, especially when it comes to helping them more accurately identify malignant melanomas”, says Simon Grant, CEO of SciBase.

For more information, please contact:
Simon Grant, CEO SciBase
Tel: +46 72 887 43 99
Email: [email protected]  

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 above, at 15.00 CET on November 2, 2018.

About SciBase and Nevisense

SciBase AB is a Swedish medical technology company, headquartered in Stockholm that has developed a unique point-of-care device for the accurate detection of malignant melanoma. Its product, Nevisense, helps doctors to detect malignant melanoma, the most dangerous type of skin cancer. SciBase was founded by Stig Ollmar, Associate Professor at The Karolinska Institute in Stockholm, Sweden. Nevisense is based on substantial research and has achieved excellent results in the largest clinical study ever conducted on the detection of malignant melanoma. Nevisense is CE marked in Europe, has TGA approval in Australia and a FDA clearance in the United States. Nevisense is based on a method called Electrical Impedance Spectroscopy (EIS), which uses the varying electrical properties of human tissue to categorize cellular structures and thereby detect malignancies. SciBase is listed on Nasdaq First North (“SCIB”). Avanza is the certified advisor. Further information is available on www.scibase.com.  

Andreas Pennervall chairman (representing SEB Venture Capital,

Filip Petersson (SEB pensionsstiftelse),

Christer Jönsson (Fouriertransform),

Tord Lendau (Chairman of the Board).

The appointments have been made in accordance with the instructions regarding principles for the appointment of the company election committee which were determined at the Annual General Meeting of SciBase Holding on May 16, 2018.

The Annual General Meeting of SciBase Holding AB (publ) will be held on May 16, 2019 in Stockholm.

Shareholders who wish to have an item considered at the Annual General Meeting can submit a request to the Board to this effect. Such a request for an item to be considered is to be sent to SciBase Holding AB (publ), Att: Chairman of the Board, Box 3337, 103 67 Stockholm, and must have been received by the Board no later than seven weeks before the Annual General Meeting, or otherwise in such good time that the matter, where necessary, can be included in the notice to attend the Annual General Meeting.

Stockholm, November 5, 2018

SciBase Holding AB (publ)  

For more information, please contact:
Tord Lendau, Chairmain of the board, phone +46 (0)70 810 01 67

Michael Colérus, CFO, phone +46 70 341 34 72

About Skin Cancer
Skin cancer is one of the most common cancers in the world, accounting for nearly half of all cancers. It has been estimated that nearly half of all Americans who live to the age of 65 will develop skin cancer at least once. Malignant melanoma is the most fatal form of skin cancer causing the majority (75%) of deaths related to skin cancer. Worldwide, doctors diagnose about 230,000 new cases of melanoma yearly.

About SciBase and Nevisense
SciBase AB is a Swedish medical technology company, headquartered in Stockholm that has developed a unique point-of-care device for the accurate detection of malignant melanoma. Its product, Nevisense, helps doctors to detect malignant melanoma, the most dangerous type of skin cancer. SciBase was founded by Stig Ollmar, Associate Professor at The Karolinska Institute in Stockholm, Sweden. Nevisense is based on substantial research and has achieved excellent results in the largest clinical study ever conducted on the detection of malignant melanoma. Nevisense is CE marked in Europe, has TGA approval in Australia, and now also a FDA clearance in the United States. Nevisense is based on a method called Electrical Impedance Spectroscopy (EIS), which uses the varying electrical properties of human tissue to categorize cellular structures and thereby detect malignancies. SciBase is listed on Nasdaq First North (“SCIB”). Avanza is the certified advisor. Further information is available on www.scibase.com.

January 1 – March 31, 2018

The first quarter in figures

•  Net sales amounted to TSEK 1,939 (1,755).
•  The loss after tax amounted to TSEK 9,656 (11,615).
•  The loss per share amounted to SEK 0.58 (1.40).
•  The cash flow from current operations was negative in the amount of TSEK 9,682 (11,981).
•  The gross margin was 46.4% (26.5%).
•  Electrode sales in volume increased by 1% and reached 4,134 (4,096) units. Repeat sales of electrodes increased by 24%.

Important events during the quarter

•  The primary market Germany showed a recovery in the quarter with sales in value up by 14% and electrode sales volume up by 9%.
•  Market and reimbursement activities now up and running in the New York area.

Important events after the end of the period

• The notice to attend the AGM 2018 was published.
• The annual report 2017 was published.
• The first Nevisense article by US researchers was published by Svoboda, Rigel et al. in SKIN, The journal of cutaneous medicine. 

This information is information that SciBase Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 08.00 CET on May 9, 2018.

This interim report has not been subject to review by the Company’s auditors. 

Contact person:

Michael Colérus, CFO

For more information, please contact: 
Simon Grant, CEO SciBase 
Phone: +46 72 887 43 99 
Email: [email protected]

About SciBase and Nevisense

SciBase AB is a Swedish medical technology company, headquartered in Stockholm that has developed a unique point-of-care device for the accurate detection of malignant melanoma. Its product, Nevisense, helps doctors to detect malignant melanoma, the most dangerous type of skin cancer. SciBase was founded by Stig Ollmar, Associate Professor at The Karolinska Institute in Stockholm, Sweden. Nevisense is based on substantial research and has achieved excellent results in the largest clinical study ever conducted on the detection of malignant melanoma. Nevisense is CE marked in Europe, has TGA approval in Australia, and now also a FDA clearance in the United States. Nevisense is based on a method called Electrical Impedance Spectroscopy (EIS), which uses the varying electrical properties of human tissue to categorize cellular structures and thereby detect malignancies. SciBase is listed on Nasdaq First North (“SCIB”). Avanza is the certified advisor. Further information is available on www.scibase.com.

At the annual general meeting of SciBase Holding AB (publ) on 16 May 2018 in Stockholm the shareholders adopted the below resolutions.

Resolution regarding adoption of the income statement and balance sheet and the consolidated income statement and consolidated balance sheet as well as resolutions in respect of allocation of the company's result according to the adopted balance sheet and discharge from liability 

The meeting resolved to adopt the income statement and balance sheet and the consolidated income statement and consolidated balance sheet included in the annual report.

The meeting resolved to allocate the profit for the year in accordance with the board of directors’ proposal, i.e. SEK 182,191,222 was carried forward.

The meeting resolved to discharge the board members and managing director from liability for their management of the company's affairs during the preceding financial year.

Resolution regarding the remuneration for the board of directors and the auditor 

The meeting resolved that remuneration for the Board of Directors and the auditor should be paid in accordance with the following:

•  A fee of SEK 200,000 shall be paid to the Chairman of the Board of Directors and SEK 150,000 to external members of the Board of Directors who are not employed by a larger shareholder in the Company.
•  Fees to the Company's auditor shall be paid in accordance with approved invoices.

Resolution on guidelines for determination of salary and other remuneration to senior management 

The meeting resolved to adopt guidelines for determination of salary and other remuneration to senior management in accordance the board’s proposal. 

Resolution regarding members of the board of directors and auditor 

For the time until the end of the next annual general meeting, the meeting resolved to elect Tord Lendau (re-election), Per Aniansson (re-election), Thomas Eklund (re-election), Diana Ferro (re-election) and Thomas Taapken (re-election) as ordinary members of the board of directors.

PricewaterhouseCoopers AB (PwC) (re-election) was elected as auditor with Magnus Lagerberg as responsible auditor for the time until the end of the next annual general meeting.

Resolution regarding appointment of nominating committee 

The meeting resolved to adopt principles for the appointment the nominating committee for the annual general meeting 2019 in accordance with the nominating committee’s proposal.

Resolution regarding authorization of the board of directors to issue new shares, issuance of warrants and/or convertibles 

The meeting resolved to authorize the board of directors to, during the time until the next annual general meeting, on one or more occasions, decide upon issuances of new shares, issuance of warrants and/or convertibles. New issues of shares and issues of warrants and/or convertibles may occur with or without preferential rights for shareholders of the Company and may be made either in cash and/or by way of set-off or contribution in kind or otherwise on specific terms. The number of shares issued, or number of shares created in connection with exercise of warrants or conversion of convertibles, shall not exceed 820,000.

For more information, please contact: 

Michael Colérus, CFO
Tel: +46 70 341 34 72 E-mail: [email protected] 

The information herein is such that shall be announced in accordance with the rules applied by Nasdaq First North. The information was submitted for publication at 7:00 pm on May 16, 2018.

About Skin Cancer 

Skin cancer is one of the most common cancers in the world, accounting for nearly half of all cancers. It has been estimated that nearly half of all Americans who live to age 65 will develop skin cancer at least once. Malignant melanoma is the most fatal form of skin cancer causing the majority (75%) of deaths related to skin cancer. Worldwide, doctors diagnose about 230,000 new cases of melanoma yearly.

About SciBase and Nevisense 

SciBase AB is a Swedish medical technology company, headquartered in Stockholm that has developed a unique point-of-care device for the accurate detection of malignant melanoma. Its product, Nevisense, helps doctors to detect malignant melanoma, the most dangerous type of skin cancer. SciBase was founded by Stig Ollmar, Associate Professor at The Karolinska Institute in Stockholm, Sweden. Nevisense is based on substantial research and has achieved excellent results in the largest clinical study ever conducted on the detection of malignant melanoma. Nevisense is CE marked in Europe, has TGA approval in Australia, and now also a FDA clearance in the United States. Nevisense is based on a method called Electrical Impedance Spectroscopy (EIS), which uses the varying electrical properties of human tissue to categorize cellular structures and thereby detect malignancies. SciBase is listed on Nasdaq First North (“SCIB”). Avanza is the certified advisor. Further information is available on www.scibase.com.  

SciBase announced today that they have achieved positive and promising results in their validation testing of an improved measurement method and algorithm for melanoma detection with their product Nevisense. The changes include a streamlining of the measurement method so that is easier to learn and use. The aim of the change is a dramatic improvement in ease of use and thus make the product much easier to integrate into the patient flow at a Dermatology clinic. In addition the new algorithm provides an improved accuracy. SciBase is now working on finalizing the release plan of an updated product.

 
"We have communicated previously that simplifying the method is important for us to grow both user base and customer usage rates. This improvement addresses both these issues and we see the results as a very positive sign as we try to better penetrate the mainstream market. In addition we improve test accuracy and so this is a major improvement in the product," says SciBase CEO Simon Grant.

For more information, please contact:
Simon Grant, CEO SciBase
Tel: +46 72 887 43 99
Email: [email protected]  

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 above, at 08.00 CET on May 22, 2018.

About SciBase and Nevisense

SciBase AB is a Swedish medical technology company, headquartered in Stockholm that has developed a unique point-of-care device for the accurate detection of malignant melanoma. Its product, Nevisense, helps doctors to detect malignant melanoma, the most dangerous type of skin cancer. SciBase was founded by Stig Ollmar, Associate Professor at The Karolinska Institute in Stockholm, Sweden. Nevisense is based on substantial research and has achieved excellent results in the largest clinical study ever conducted on the detection of malignant melanoma. Nevisense is CE marked in Europe, has TGA approval in Australia, and now also a FDA clearance in the United States. Nevisense is based on a method called Electrical Impedance Spectroscopy (EIS), which uses the varying electrical properties of human tissue to categorize cellular structures and thereby detect malignancies. SciBase is listed on Nasdaq First North (“SCIB”). Avanza is the certified advisor. Further information is available on www.scibase.com.

The last few months have been very intense. We have launched our updated growth strategy focusing on the US and German markets, as well as working hard on our new share issue.  The share issue, which was completed about a week ago, has provided the Company with approximately MSEK 65 after transaction costs, providing leeway and the capital needed to realize our updated strategy. Going into 2018 it feels good to have accomplished this.

Moving forward we will of course focus a lot on the US market. We have started to implement our US strategy, which I’ve described earlier (http://investors.scibase.se/en/scibase-unveils-growth-strategy-including-plans-for-us-launch-of-nevisense ), and we already see positive signs that the strategy is the right one. For example, we have sold and installed a Nevisense at a prestigious dermatology clinic, Goldenburg Dermatology in Manhattan, New York and they have already completed their first patient measurements. Furthermore, a new key opinion leader Dr Rigel also has a device installed for use with patients.

Even if these are relatively minor events given the size of the US market, we view them as important steps. It is central for our continued US development to evaluate and adapt based on the results of our first direct experiences in the US market. The next major event is our participation in the AAD meeting. This is the US’s largest (if not the world’s largest) meeting within dermatology. It takes place in San Diego at the end of February and gives us a great opportunity to meet with influential dermatologists and increase the knowledge of Nevisense and the EIS-method in the US. An important part of our US strategy is also that we now are able to intensify our reimbursement work, i.e. start the work on the key questions and activities that will enable us to receive insurance company reimbursement for the use of Nevisense.

The German market continues to be important and we were recently able to communicate the first order within the framework of the DermoScan agreement. As we previously stated, we now have a good initial installed base of users and can now move our focus onto the main market of dermatologists, including the 400 customers of DermoScan.  

Another exciting market is Italy, to where we now have delivered a number of Nevisense devices. In January we will perform training on Nevisense and on our method. What makes this agreement so interesting is that we now are entering a completely new market segment where Nevisense will be used by non-specialists and at pharmacies.  We see this as a project with a significant potential which, if successful, can be rolled out in other markets.

Regarding new clinical applications such as eczema and non-melanoma skin cancer, we have some initial interesting data and results from the use of the research application.  We will continue to work with this through spring of next year.  

As we now go into some much needed Christmas holiday we see that 2018, just as 2017, will be an intense year and we know we will have many exciting opportunities ahead of us!   

From all of us at SciBase, we wish you all a Merry Christmas and a Happy New Year!

Simon Grant

For more information, please contact:
Simon Grant, CEO SciBase
Phone: +46 72 887 43 99
Email: [email protected]  

About SciBase and Nevisense
SciBase AB is a Swedish medical technology company, headquartered in Stockholm that has developed a unique point-of-care device for the accurate detection of malignant melanoma. Its product, Nevisense, helps doctors to detect malignant melanoma, the most dangerous type of skin cancer. SciBase was founded by Stig Ollmar, Associate Professor at The Karolinska Institute in Stockholm, Sweden. Nevisense is based on substantial research and has achieved excellent results in the largest clinical study ever conducted on the detection of malignant melanoma. Nevisense is CE marked in Europe, has TGA approval in Australia, and now also a FDA clearance in the United States. Nevisense is based on a method called Electrical Impedance Spectroscopy (EIS), which uses the varying electrical properties of human tissue to categorize cellular structures and thereby detect malignancies. SciBase is listed on Nasdaq First North (“SCIB”). Avanza is the certified advisor. Further information is available on www.scibase.com.  

January 1 – December 31, 2017

The fourth quarter in figures

• Net sales amounted to TSEK 1,886 (1,935).
• The loss after tax amounted to TSEK 10,295 (14,623).
• The loss per share amounted to SEK 1.13 (1.77).
• The cash flow from current operations was negative in the amount of TSEK 11,358 (13,032).
• The gross margin was 31.5% (35.0%).
• Electrode sales in volume decreased by 30% and reached 3,936 (5,600) units. Repeat sales of electrodes decreased by 30%.

The full year in figures

• Net sales amounted to TSEK 6,859 (6,436).
• The loss after tax amounted to TSEK 42,464 (53,086).
• The loss per share amounted to SEK 5.00 (6.41).
• The cash flow from current operations was negative in the amount of TSEK 44,180 (47,850).
• The gross margin was 35.4% (34.5%).
• Electrode sales grew in total by 10% and reached 16,704 (15,200) units. Repeat sales of electrodes grew by 31%.

Important events during the quarter

• The Company finalised a preferential share issue which, after deduction of estimated issue costs, provided the Company with approximately MSEK 66.
• Nevisense was presented as one of the top ten most important news stories within skin cancer for dermatologists at the Fall Clinical Dermatology Conference in the US.
• The first Nevisense system in the US was installed with the well-known key opinion leader Darrel S. Rigel, MD and Clinical Professor of Dermatology at the New York University Medical Center.
• The first presentation of data in a scientific poster by a US center occurred as a poster at the Fall Clinical meeting by Dr Ryan Svoboda, a Clinical Research Fellow at the National Society for Cutaneous Medicine.
• SciBase signed a distribution contract with Skin Care Sweden AB to sell to non-specialist clinics and pharmacies in Italy. The agreement included an initial order of approx. MSEK 0.5, which was delivered during Q4, and potential for an additional MSEK 0.5 order in 2018.
• The first US commercial order for Nevisense was received from a private clinic focused on self-pay patients in New York.
• In the period SciBase received the first order from a customer as a result of the co-operation with the German medical technology company DermoScan 
• A nominating committee was appointed.
• An extra general meeting was held on November 15th were a decision regarding a rights offering was made. The prospectus was published on November 20th.

Important events after the end of the period

• No significant events have occurred after the end of the period.

This information is information that SciBase Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 08.00 CET on February 20, 2018.

This interim report has not been subject to review by the Company’s auditors.

Contact person:

Michael Colérus, CFO

For more information, please contact:
Simon Grant, CEO SciBase
Phone: +46 72 887 43 99
Email: [email protected]

About SciBase and Nevisense

SciBase AB is a Swedish medical technology company, headquartered in Stockholm that has developed a unique point-of-care device for the accurate detection of malignant melanoma. Its product, Nevisense, helps doctors to detect malignant melanoma, the most dangerous type of skin cancer. SciBase was founded by Stig Ollmar, Associate Professor at The Karolinska Institute in Stockholm, Sweden. Nevisense is based on substantial research and has achieved excellent results in the largest clinical study ever conducted on the detection of malignant melanoma. Nevisense is CE marked in Europe, has TGA approval in Australia, and now also a FDA clearance in the United States. Nevisense is based on a method called Electrical Impedance Spectroscopy (EIS), which uses the varying electrical properties of human tissue to categorize cellular structures and thereby detect malignancies. SciBase is listed on Nasdaq First North (“SCIB”). Avanza is the certified advisor. Further information is available on www.scibase.com.