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CS Medica (CSMED) investor relations material
CS Medica Q4 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q4 revenue surged to DKK 3.9m from DKK 0.073m year-over-year; full-year revenue reached DKK 8.4m, up from DKK 1.1m, driven by strong order pipeline and market expansion, though budgeted targets were missed due to production delays and a postponed deal.
Operating loss reduced by 39% in Q4 and 30% for the year, reflecting improved cost control and operational efficiency, but liquidity constraints persist.
Strategic partnerships, regulatory milestones, and new market entries in Germany, the US, India, and Southeast Asia underpin growth, with a focus on compliance and innovation.
Preparations for the CANNORDIC IPO in Germany are progressing, aiming to secure capital for scaling operations and R&D.
Financial highlights
Q4 net sales: DKK 3.9m (Q4 2022/23: DKK 0.073m); YTD: DKK 8.4m (YTD 2022/23: DKK 1.1m).
Gross profit for Q4: DKK 1.1m (28% margin); YTD: DKK 3.2m (38% margin), slightly below target due to stock write-downs and free samples.
Net loss for Q4: DKK -2.8m, improved from DKK -4.6m; YTD net loss: DKK -10.5m, improved from DKK -15.2m.
Operating loss for Q4: DKK -2.8m, down from DKK -4.6m; YTD: DKK -10.5m, down from DKK -15.2m.
Cash and equivalents at Q4 end: DKK -0.8m; equity ratio at 17% (Q4 2022/23: 40%).
Outlook and guidance
FY 2024/25 net sales target: DKK 33.8m; gross margin target: 60%; order pipeline goal: DKK 80m.
Strategic focus on expanding in EU, APAC, LATAM, MENA, and US, with production relocation to India to cut costs and boost profitability.
Continued caution regarding liquidity and scalability risks, with funding stabilization a top priority.
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