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Regulatory press release

Interim report January – June 2024: REBOUND FOR EDUCATIONAL PRODUCTS, STRONG INDUSTRY/OEM

Surgical Science Sweden
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SECOND QUARTER 2024 (APR – JUN)

Net sales amounted to SEK 212.5 (216.2) million, a decrease of 2 percent compared with the corresponding period in the preceding year.

License revenue amounted to SEK 67.1 (75.7) million and accounted for 32 (35) percent of net sales.

The gross margin was 68 (68) percent.

Operating profit amounted to SEK 33.4 (47.5) million.

Net profit amounted to SEK 28.6 (38.8) million, corresponding to earnings per share of SEK 0.56 (0.76).

Cash flow from operating activities amounted to SEK 30.0 (85.1) million. As of June 30, 2024, cash and cash equivalents amounted to SEK 667.1 million (574.4).

FIRST HALF OF 2024 (JAN – JUN)

Net sales amounted to SEK 400.7 (445.3) million, a decrease of 10 percent compared with the preceding year.

License revenue amounted to SEK 130.3 (146.3) million and accounted for 33 (33) percent of net sales.

The gross margin was 67 (69) percent.

Operating profit amounted to SEK 59.4 (100.8) million.

Net profit amounted to SEK 52.4 (88.6) million, corresponding to earnings per share of SEK 1.03 (1.74).

Cash flow from operating activities amounted to SEK 58.5 (145.6) million.

Gothenburg, Sweden, August 22, 2024
Surgical Science Sweden AB (publ)

This report, in its entirety, is available through the attachment or via:
https://surgicalscience.com/aktien/pressmeddelanden/
https://surgicalscience.com/aktien/finansiella-rapporter/

This is a translation of the Swedish version of the interim report. When in doubt, the Swedish wording prevails.

For further information, please contact:

Gisli Hennermark, CEO
Telephone: +46-70-420 83 00
E-mail: gisli.hennermark@surgicalscience.com

Anna Ahlberg, CFO
Telephone: +46-70-855 38 35
E-mail: anna.ahlberg@surgicalscience.com

About Surgical Science Sweden AB (publ)

One of the biggest challenges within healthcare globally is reducing injuries incurred during care. Medical education and training are key, especially as a large part of the training can now be performed outside the operating room. Surgical Science is a world leader in the development of virtual reality simulators for evidence-based training. The simulators enable surgeons and other medical specialists to train and improve their psycho-motor skills and instrument handling before entering the clinical environment. Alongside its own products, Surgical Science works with simulation solutions for medical device companies that develop instruments for clinical use, such as robotic surgery.

Surgical Science has approximately 260 employees. The company is headquartered in Gothenburg, Sweden and also has operations in Tel Aviv, Israel, as well as in Stockholm, Sweden and in Seattle and Cleveland, US. Through sales offices in the US and China as well as a global network of distributors, Surgical Science maintains a presence in most markets. Shares in Surgical Science Sweden AB (publ) are traded on Nasdaq First North Growth Market. Certified Adviser is Carnegie Investment Bank AB (publ).

This information is information that Surgical Science Sweden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-08-22 07:30 CEST.

Attachments

240822 Q22024 ENG