{"id":2883,"date":"2019-10-24T05:30:00","date_gmt":"2019-10-24T05:30:00","guid":{"rendered":"https:\/\/www.xvivogroup.com\/us\/mfn_news\/good-growth-and-new-important-xps-clinics\/"},"modified":"2019-10-24T05:30:00","modified_gmt":"2019-10-24T05:30:00","slug":"good-growth-and-new-important-xps-clinics","status":"publish","type":"mfn_news","link":"https:\/\/www.xvivogroup.com\/us\/pressreleases\/good-growth-and-new-important-xps-clinics\/","title":{"rendered":"Good growth and new important XPS clinics"},"content":{"rendered":"<p><strong><span>THIRD QUARTER 2019 (JULY &#8211; SEPTEMBER)<\/span><\/strong><\/p>\n<ul>\n<li><span>Net sales of non-durable goods in the quarter amounted to SEK 50.1 (40.3) million, corresponding to an increase of 25 percent in SEK and 18 percent in local currency. Total net sales (incl. durable goods) in the quarter amounted to SEK 54.3 (40.9) million, corresponding to an increase of 33 percent in SEK and 26 percent in local currency.<\/span><\/li>\n<li><span>Sales from warm perfusion <\/span><span>represented 42 percent (40) of sales of non-durable goods.<\/span><\/li>\n<li><span>Operating<\/span><span> income before depreciation and amortization (<\/span><span>EBITDA)<\/span><span> adjusted for costs for a share-based bonus program for employees outside Sweden amounted to SEK 6.8 million (6.0), corresponding to an EBITDA margin of 13 percent (15). Reported <\/span><span>EBITDA amounted to SEK 9.0 (5.2) million, corresponding to an EBITDA margin of 17 percent (13).<\/span><span> <\/span><\/li>\n<li><span>Operating income adjusted for the share-based bonus program was SEK 0.0 million (1.6). <\/span><span>Reported operating income<\/span><span> amounted to SEK 2.3 (0.7) million, after amortization and depreciation of SEK 6.7 (4.5) million. <\/span><\/li>\n<li><span>Net income amounted to SEK 4.9 (0.1) million, resulting in earnings per share of SEK 0.19 SEK (0.00). <\/span><\/li>\n<li>Cash flow from operating activities during the quarter amounted to SEK 15.6 (3.7) million. Cash flow from investing activities amounted to SEK -18.0 (-11.3) million.<\/li>\n<li>XPS\u2122 sold to Chinas second largest clinic for lung transplantation.\u00a0<\/li>\n<li>Lung Bioengineering has acquired the XPS\u2122 for use in its new EVLP center in Jacksonville, Florida, USA.\u00a0<\/li>\n<li>Perfadex<sup>\u00ae<\/sup> Plus received patent approval in Europe.<\/li>\n<li>XVIVO and MyCartis engage to develop a fast diagnostic test to assess the quality of donated organs before transplantation.<\/li>\n<\/ul>\n<p><strong><span>THE PERIOD 2019 (JANUARY &#8211; SEPTEMBER)<\/span><\/strong><\/p>\n<ul>\n<li><span>Net sales of non-durable goods in the period amounted to SEK 147,5 (120,4) million, corresponding to an increase of 23 percent in SEK and 15 percent in local currency. Total net sales (incl. durable goods) in the period amounted to SEK 158.4 (129.5) million, corresponding to an increase of 22 percent in SEK and 14 percent in local currency.<\/span>\u00a0<\/li>\n<li><span>Sales from warm perfusion <\/span><span>represented 43 percent (40) of sales of non-durable goods.<\/span>\u00a0<\/li>\n<li><span>Operating<\/span><span> income before depreciation and amortization (<\/span><span>EBITDA)<\/span><span> adjusted for costs for a share-based bonus program for employees outside Sweden amounted to SEK 27.6 million (24.0), corresponding to an EBITDA margin of 17 percent (19). Reported <\/span><span>EBITDA amounted to SEK 20.3 (20.4) million, corresponding to an EBITDA margin of 13 percent (16).<\/span><span> <\/span>\u00a0<\/li>\n<li><span>Operating income adjusted for the share-based bonus program was SEK 9.6 million (11.5). <\/span><span>Reported operating income<\/span><span> amounted to SEK 2.3 (7.9) million, after amortization and depreciation of SEK 18.0 (12.6) million. <\/span>\u00a0<\/li>\n<li><span>Net income amounted to SEK 6.8 (7.8) million, resulting in earnings per share of SEK 0.26 (0.30). <\/span>\u00a0<\/li>\n<li><span>Cash flow from operating activities for the period amounted to SEK 36.7 (26.0) million. Cash flow from investing activities amounted to SEK -57.5 (-41.3) million.<\/span><\/li>\n<li>XVIVO has received Premarket approval (PMA) from the FDA for STEEN Solution\u2122 and XPS\u2122. The PMA approval was the first of its kind in the world.\u00a0<\/li>\n<li>At ISHLT (International Society for Heart and Lung Transplantation), the positive results from the first six heart transplant patients from the study at Lund University Hospital were presented.\u00a0<\/li>\n<li>XVIVO\u2019s patents for the heart preservation fluid was approved in the US and Europe.\u00a0<\/li>\n<li><span>The Swedish MPA has given approval to begin clinical studies with the company&#39;s new products for heart preservation<\/span><span>.<\/span>\u00a0<\/li>\n<li><span>SEK 27 million shares was issued because of warrants being exercised<\/span><span>.<\/span><\/li>\n<li><span>4 XPS<\/span><span>\u2122<\/span><span> were delivered during the period. At the end of the period 50 hospitals had access to either XPS<\/span><span>\u2122<\/span><span> or LS<\/span><span>\u2122<\/span><span>.<\/span><span> During the period, Canada became a new country with XPS<\/span><span>\u2122.<\/span>\u00a0<\/li>\n<\/ul>\n<p><strong><span>EVENTS AFTER THE PERIOD<\/span><\/strong><\/p>\n<ul>\n<li><span>XVIVO has decided to establish an australian wholly owned subsidiary during the fourth quarter.<\/span>\u00a0<\/li>\n<li><span>The company&#39;s warrant program (series 2019\/2021) has been closed. All of the 351,000 warrants were subscribed. The warrants give the holder the right to subscribe for a new share in May 2021 at a price of SEK 278.91.<\/span><\/li>\n<\/ul>\n<p><strong><span>CONFERENCE CALL<\/span><\/strong><\/p>\n<p><span><span>CEO Magnus Nilsson will present the report in a conference call at 2 p.m. CET on Thursday, October 24, 2019. Telephone UK: +44\u00a0333\u00a0300 0804<\/span><\/span><span> <\/span><span><span>or USA: +1\u00a0631\u00a0913 1422. PIN: 12283129#<\/span><\/span><strong>\u00a0<\/strong><\/p>\n<p><span>October 24, 2019<br \/> Gothenburg <br \/> XVIVO Perfusion AB (publ)<br \/> Magnus Nilsson, CEO<\/span>\u00a0<\/p>\n<div class=\"mfn-footer\">\n<p><span>For further information please contact:<\/span><\/p>\n<p><span>Christoffer Rosenblad, CFO, +46 735 192159, christoffer.rosenblad@xvivoperfusion.com<br \/>Magnus Nilsson, CEO, +46 31 788 2150, magnus.nilsson@xvivoperfusion.com<\/span><br \/><span>For further information on XVIVO Perfusion\u2019s business, please refer to the company\u2019s website, www.xvivoperfusion.com<\/span><\/p>\n<p><span>This information is information that Xvivo Perfusion AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation.\u00a0\u00a0The information was submitted for publication, through the agency of the contact person set out above, at 07:30 am CET on October 24, 2019.<\/span><\/p>\n<p><span>This is a translation of the Swedish version of the press release. When in doubt, the Swedish wording prevails.<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>THIRD QUARTER 2019 (JULY &#8211; SEPTEMBER) Net sales of non-durable goods in the quarter amounted to SEK 50.1 (40.3) million,&#8230;<\/p>\n","protected":false},"template":"","class_list":["post-2883","mfn_news","type-mfn_news","status-publish","hentry","mfn-news-tag-mfn-report","mfn-news-tag-mfn-report-interim","mfn-news-tag-mfn-report-interim-q3","mfn-news-tag-mfn","mfn-news-tag-mfn-type-ir","mfn-news-tag-mfn-lang-en","mfn-news-tag-mfn-regulatory","mfn-news-tag-mfn-regulatory-mar"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Good growth and new important XPS clinics - XVIVO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.xvivogroup.com\/us\/pressreleases\/good-growth-and-new-important-xps-clinics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Good growth and new important XPS clinics - XVIVO\" \/>\n<meta property=\"og:description\" content=\"THIRD QUARTER 2019 (JULY &#8211; SEPTEMBER) Net sales of non-durable goods in the quarter amounted to SEK 50.1 (40.3) million,...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.xvivogroup.com\/us\/pressreleases\/good-growth-and-new-important-xps-clinics\/\" \/>\n<meta property=\"og:site_name\" content=\"United States\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.xvivogroup.com\\\/us\\\/pressreleases\\\/good-growth-and-new-important-xps-clinics\\\/\",\"url\":\"https:\\\/\\\/www.xvivogroup.com\\\/us\\\/pressreleases\\\/good-growth-and-new-important-xps-clinics\\\/\",\"name\":\"Good growth and new important XPS clinics - XVIVO\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.xvivogroup.com\\\/us\\\/#website\"},\"datePublished\":\"2019-10-24T05:30:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.xvivogroup.com\\\/us\\\/pressreleases\\\/good-growth-and-new-important-xps-clinics\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.xvivogroup.com\\\/us\\\/pressreleases\\\/good-growth-and-new-important-xps-clinics\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.xvivogroup.com\\\/us\\\/pressreleases\\\/good-growth-and-new-important-xps-clinics\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.xvivogroup.com\\\/us\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Good growth and new important XPS clinics\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.xvivogroup.com\\\/us\\\/#website\",\"url\":\"https:\\\/\\\/www.xvivogroup.com\\\/us\\\/\",\"name\":\"United States\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.xvivogroup.com\\\/us\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Good growth and new important XPS clinics - XVIVO","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.xvivogroup.com\/us\/pressreleases\/good-growth-and-new-important-xps-clinics\/","og_locale":"en_US","og_type":"article","og_title":"Good growth and new important XPS clinics - XVIVO","og_description":"THIRD QUARTER 2019 (JULY &#8211; SEPTEMBER) Net sales of non-durable goods in the quarter amounted to SEK 50.1 (40.3) million,...","og_url":"https:\/\/www.xvivogroup.com\/us\/pressreleases\/good-growth-and-new-important-xps-clinics\/","og_site_name":"United States","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.xvivogroup.com\/us\/pressreleases\/good-growth-and-new-important-xps-clinics\/","url":"https:\/\/www.xvivogroup.com\/us\/pressreleases\/good-growth-and-new-important-xps-clinics\/","name":"Good growth and new important XPS clinics - XVIVO","isPartOf":{"@id":"https:\/\/www.xvivogroup.com\/us\/#website"},"datePublished":"2019-10-24T05:30:00+00:00","breadcrumb":{"@id":"https:\/\/www.xvivogroup.com\/us\/pressreleases\/good-growth-and-new-important-xps-clinics\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.xvivogroup.com\/us\/pressreleases\/good-growth-and-new-important-xps-clinics\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.xvivogroup.com\/us\/pressreleases\/good-growth-and-new-important-xps-clinics\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.xvivogroup.com\/us\/"},{"@type":"ListItem","position":2,"name":"Good growth and new important XPS clinics"}]},{"@type":"WebSite","@id":"https:\/\/www.xvivogroup.com\/us\/#website","url":"https:\/\/www.xvivogroup.com\/us\/","name":"United States","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.xvivogroup.com\/us\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.xvivogroup.com\/us\/wp-json\/wp\/v2\/mfn_news\/2883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.xvivogroup.com\/us\/wp-json\/wp\/v2\/mfn_news"}],"about":[{"href":"https:\/\/www.xvivogroup.com\/us\/wp-json\/wp\/v2\/types\/mfn_news"}],"wp:attachment":[{"href":"https:\/\/www.xvivogroup.com\/us\/wp-json\/wp\/v2\/media?parent=2883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}