Supersonic Imagine: 2014 Annual Results
(Thomson Reuters ONE) -
* Solid growth in the gross margin generated on sales: +19% to ?7.4m
* Available cash: ?42.2m
March 16, 2015 - SuperSonic Imagine (Euronext: SSI, FR0010526814, PEA-PME
eligible), a company specialized in ultrasound medical imaging, inventor of
ShearWave(TM) Elastography and UltraFast(TM) Doppler, today announces its
financial results for the year to December 31, 2014, as approved by the
Management Board on March 9th, 2015.
In thousands of euros 2014 2013 D
-------------------------------------------------------------
Sales 19,761 16,961 +17%
Other revenue 1,819 - -
Total revenue 21,580 16,961 +27%
Cost of sales -12,364 -10,723 +15%
Gross margin 9,216 6,238 +48%
Gross margin on sales[1] 7,397 6,238 +19%
Gross margin as a % of sales[2] 37.4% 36.8% +2%
Current Operating Result -9,480 -11,289 +16%
Operating Result -10,784 -11,723 +8%
Financial Result -219 -168 -30%
Net Profit/Loss -11,108 -11,967 +7%
SuperSonic Imagine's revenue totaled ?21.6m in 2014, up +27% compared to
December 31, 2013 (with no material impact from currency fluctuations over the
year). Excluding other revenue, which essentially consists of technology access
fees, SuperSonic Imagine's annual sales were up +17% at ?19.8m (vs. ?17.0m in
2013). Driven by a growing installed base, which exceeded the 1,000 Aixplorer
unit mark during December 2014, revenue from the service activity increased by
+19% to ?1.6m in 2014 (vs. ?1.4m in 2013).
The total gross margin grew by 48% to ?9.2m at December 31, 2014 (vs. ?6.2m in
December 2013). Excluding other revenue, the gross margin as a percentage of
sales grew by 0.6 pp to 37.4% (vs. 36.8% in 2013). The gross margin generated
on sales increased by 19% to ?7.4m in 2014 (vs. ?6.2m in 2013).
The Operating results from recurring activities improved by +16% over the year,
to -?9.5m at December 31, 2014 compared to -?11.3m at December 31, 2013. Current
operating expenses for the year totaled ? 18.7 million (vs. ? 17.5 million in
2013), an increase of 6.7% which is substantially lower than the growth of
sales.
The net loss at December 31, 2014 was -?11.1m (vs. -?12.0m at December
31, 2013).
At December 31, 2014, the Company had a cash position of ?44.2m (including
?42,2m in available cash vs. ?6.4m at December 31, 2013). This figure notably
includes the proceeds from the Company's IPO on the Euronext in Paris last
April.
At December 31, 2014, SuperSonic Imagine had a workforce of 149 staff (vs. 126
at end-2013).
2014 highlights and major breakthroughs
* IPO on the Euronext in Paris; ?50 million net proceeds raised;
* Signing of a 3-year agreement in the United States with the ROi (Resource
Optimization & innovation) central purchasing body, providing more than
1,500 members and affiliates with simplified access to Aixplorer
* Winner of the "Breakthrough Technology Designation" award in the United
States for the clinical benefits provided by Aixplorer in terms of accurate
measurement of tissue stiffness
* Appointment of Tom Egelund as Director of Operations. The Board of Directors
intends to appoint Mr. Egelund CEO in April 2015
* Launching of the musculoskeletal application to facilitate musculoskeletal
and sports medicine diagnoses
* Signing of a collaborative product development contract with Canon Inc. for
the Japanese company to develop a photo-acoustic and ultrasound imaging
device based on SuperSonic Imagine's patented technology
* Renewal of distribution agreement with Hologic in the United States for the
breast application until March 2016 on a non-exclusive basis.
Jacques Souquet, SuperSonic Imagine's Founder and CEO, concludes: "2014 was a
real turning point for SuperSonic Imagine, notably with the success of our IPO
that enabled us to raise the funds we had targeted to accelerate the Company's
development. The solid performance delivered in 2014, both in terms of sales and
in terms of improving our margins, allows us to be confident in the roll-out of
our commercial expansion plan across our main markets."
Next press release: Q1 2015 revenue, on April 21, 2015.
About SuperSonic Imagine
Founded in 2005 and based in Aix-en-Provence (France), SuperSonic Imagine is a
company specializing in medical imaging. The company designs, develops and
markets a revolutionary ultrasound system, Aixplorer®, with an UltraFast(TM)
platform that can acquire images 200 times faster than conventional ultrasound
systems. Aixplorer® is the only system that can image two types of waves:
ultrasound waves ensure excellent image quality and shear waves, which allow
physicians to visualize and analyze the stiffness of tissue in a real-time,
reliable, reproducible and non-invasive manner. This innovation, ShearWave(TM)
Elastography, significantly improves the detection and characterization of
numerous pathologies in several applications including breast, thyroid, liver
and prostate. SuperSonic Imagine has been granted regulatory clearances for the
commercialization of Aixplorer® in the main global markets. Over the past years,
SuperSonic Imagine enjoyed the backing of several prestigious investors, among
which Auriga Partners, Edmond de Rothschild Investment Partners, Bpifrance,
Omnes Capital and NBGI.
For more information about SuperSonic Imagine, please go to
www.supersonicimagine.com
SuperSonic Imagine NewCap
Marketing & Communication Investor Relations - EU
Emmanuelle Vella Pierre Laurent / Florent Alba
emmanuelle.vella(at)supersonicimagine.com supersonicimagine(at)newcap.fr
04 86 79 03 27 +33 1 44 71 98 55
Blueprint Life Science Group ComCorp
Investor Relations - US Media Relations
Candice Knoll Florence Portejoie
cknoll(at)bplifescience.com fportejoie(at)comcorp.fr
415 375 3340 Ext. 105 +33 1 58 18 32 58 - +33 6 88 84 81 74
Adelaïde Manester
amanester(at)comcorp.fr
+33 1 58 18 32 58 - +33 6 70 45 74 37
--------------------------------------------------------------------------------
[1] Gross margin on sales = Sales - Cost of sales
[2] Gross margin as a % of sales = Gross margin on sales / Sales
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Supersonic Imagine via GlobeNewswire
[HUG#1903909]
Unternehmensinformation / Kurzprofil:
Datum: 16.03.2015 - 18:56 Uhr
Sprache: Deutsch
News-ID 378821
Anzahl Zeichen: 8243
contact information:
Town:
Bothell
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 201 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Supersonic Imagine: 2014 Annual Results"
steht unter der journalistisch-redaktionellen Verantwortung von
Supersonic Imagine (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
