SciBase: Year-End Report

STOCKHOLM--()--Regulatory News:

SciBase (STO:SCIB)

January 1 – December 31, 2015

The fourth quarter in figures

· Total net sales amounted to TSEK 1 181 (460), +157%.

· The loss after tax amounted to TSEK 11,154 (10,256).

· The loss per share amounted to SEK 1.35 (2.06).

· The cash flow from current operations was negative in the amount of TSEK 13,864 (9,290).

The full year in figures

· Total net sales amounted to TSEK 4,151 (1,600), +159%.

· The loss after tax amounted to TSEK 41,532 (38,755).

· The loss per share amounted to SEK 6.01 (7.78).

· The cash flow from current operations was negative in the amount of TSEK 46,588 (37,077).

Important events during the quarter

· In the period, SciBase submitted the premarket approval (PMA) application for Nevisense to the FDA (US Food and Drug Administration). FDA has now accepted the application (according to press-release in January 2016) and is now moving on to the evaluation phase. The PMA is the FDA’s most rigorous process for approval of new medical devices for the US market and is required for most class III devices. Class III devices are usually based on a new method that has not been approved by the FDA yet. Due to the complex and resource-intensive process only about 30 companies per year apply for a PMA. If successful, SciBase will be one of only a handful Swedish companies that have completed the PMA process.

Important events after the end of the period

· After the end of the period a change in the Company’s board of directors was communicated. Viktor Dvrota, as a result of his appointment as Head of Investment at Karolinska Development, has resigned from SciBase’s Board of Directors. Alternate director Andreas Pennervall will take his place.

Financial overview

    Oct 1 - Dec 31   Jan 1 - Dec 31
THE GROUP 2015   2014 2015   2014
Net sales, SEK ths 1 181 460 4 151 1 600
Gross margin, % 18,4% -41,5% 2,5% -36,0%
Equity/Asset ratio, % 95,1% 78,5% 95,1% 78,5%
Net indebtness, multiple 0,05 0,27 0,05 0,27
Cash equivalents, SEK ths 133 736 27 566 133 736 27 566
Cashflow from operating activities, SEK ths -9 669 -9 290 -46 588 -37 077
Earnings per share (before and after dilution), SEK* -1,35 -2,06 -6,01 -7,78
Shareholder's equity per share, SEK* 17,59 6,55 21,09 6,55
Average number of shares, 000'* 8 285 4 985 6 910 4 984
Number of shares at closing of period, 000'* 8 285 4 985 8 285 4 985
Average number of employees 15 11 14 12
*Adjusted for in May 2015 performed reversed split, 40:1

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 is awaiting 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 Holding AB is required to disclose the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 8 am on February 19, 2016.

This information was brought to you by Cision http://news.cision.com

Contacts

SciBase
Simon Grant
CEO
tel : +46 72 887 43 99
or
Michael Colérus, CFO
tel : +46 70 341 34 72

Contacts

SciBase
Simon Grant
CEO
tel : +46 72 887 43 99
or
Michael Colérus, CFO
tel : +46 70 341 34 72