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Carmat (ALCAR) investor relations material
Carmat H2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
2024 revenue reached €7.0 million, driven by sales of 17 Aeson® hearts for commercial use and 25 for the EFICAS clinical trial in France.
Operating loss improved to €49.2 million in 2024 from €52.5 million in 2023, reflecting tight cost control.
Net loss narrowed to €51.4 million, a €2.5 million improvement year-over-year.
Focused on commercial expansion in Europe, EFICAS trial progress, US feasibility study preparations, supply chain optimization, and financial structure reinforcement.
Financial highlights
Cash position at year-end 2024 was €4.7 million, down from €8.0 million at end 2023.
Monthly cash burn reduced to €3.7 million in 2024 from €4.9 million in 2023.
Net financial debt increased to €53.1 million at December 31, 2024, up from €49.6 million a year earlier.
Three capital increases in 2024 raised €42.8 million gross; additional €9.7 million raised in January 2025.
Outlook and guidance
Available secured financial resources expected to fund operations until mid-June 2025 under the current business plan.
Actively exploring financing options to extend cash runway beyond June 2025, including a potential capital increase.
Recent sales growth, EFICAS trial progress, and FDA approval for US study cohort expected to support future fundraising.
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