Overview
Swedish cardiac diagnostics firm's Q4 revenue grew 26% yr/yr
Operating costs fell 23%, improving net loss by 27%
U.S. patch sales rose 73% in Q4
Outlook
Company focuses on converting reimbursement momentum into higher utilization and recurring revenue
Acarix aims to scale sustainably with expanding access in Europe and the U.S.
Result Drivers
SYSTEM DELIVERIES - Acarix delivered 23 CADScor Systems in Q4, a 64% increase, with 19 sold in the U.S., boosting revenue growth
U.S. MARKET GROWTH - U.S. revenue rose 87% in Q4, driven by increased system placements and patch sales
COST REDUCTION - Operating costs decreased by 23%, aiding a 27% improvement in net loss
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
SEK 2.14 mln
Q4 EPS
-SEK 0.01
Q4 Gross Margin
83.00%
Analyst Coverage
Wall Street's median 12-month price target for Acarix AB is SEK0.40, about 29.7% above its February 11 closing price of SEK0.31
Press Release: ID:nMFN3YcgdT
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)