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IndustriLäkemedel & Handel
CS Medica är ett danskt medicintekniskt bolag, dedikerat till läkemedelsforskning, utveckling, tillverkning och global kommersialisering. Bolaget blandar vetenskap och natur för att förbättra patienters liv med cannabinoidterapier för smärtlindring, och för att hantera autoimmuna och stressrelaterade symtom. Globalt erbjuder CS Medica CBD-behandlingar över disk (OTC), inklusive patenterade medicinska produkter, MHRA och MDR-registrerade artiklar, under varumärket CANNASEN® eller med egen märkning.
2023-11-22 16:42:47

CS MEDICA ("CS MEDICA" or the "Company") hereby releases its Q4 report for the period July - September 2023. Highlights of the period will be presented at a live-streamed conference call on Tuesday the 5st of December at 11 AM CET. The Q4 report is available as an attached document to this press release and on the Company's website (www.cs-medica.com). Below is a summary of the report.

Performance highlights
  • In this fourth quarter of 2022/2023 (July - September 2023), CS MEDICA delivered net sales of tDKK 73 (9.255) meeting the revised goal of Net Sales Year-to-date of mDKK 1.  In the quarter we obtained an order intake of mDKK 2.8 in Q4, which accumulates to mDKK 14,5 year-to-date.
  • Operating loss for the fourth quarter amounted to tDKK 4.640, compared to tDKK 99 last year.
  • Cash and Cash equivalents at the end of the fourth Quarter of 2022/2023, close at tDKK -415 (2.934). To fortify CS MEDICA's liquidity, the focus remains on short-term sales and the factoring agreement with Svea. Concurrently, we're looking into the possibilities of facilitating a swift bank transfer in collaboration with our Investor, RongShi, while exploring alternative funding solutions to ensure financial stability.
  • The long-term funding is attained by the company's Investment Agreement with RongShi, with a cash capital increase (direct issue) at a share price of DKK 28.13. The direct issue amounts to mDKK 60 corresponding to 14.76% of CS MEDICA 's outstanding shares on a non-diluted basis.
  • At the end of the period, CS MEDICA's equity/asset ratio was 40% (89%)

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Significant events during the fourth quarter (July - September 2023)Significant events after the period

Live streamed conference following the Q4 2022/2023 Report
On Tuesday 5 December 2023 at 11:00 CEST, CS MEDICA will host a Q4 2023 web conference. The web conference will start with a presentation from the management team commenting on the Q4 2022/2023 report, followed by a Q&A session where the management team will answer questions from investors. The Q&A is already open, meaning that you can already now submit your questions and vote for the best questions submitted by other investors. CS MEDICA has made this solution, operated by Stokk.io, available to make sure all interested can participate with their questions even though they may not be able to attend the event live. You will afterward be able to find all answers in the uploaded recording and transcript. The web conference will be held in English.

Please register, submit questions now or during the live presentation and vote for the best questions at the following link >> (https://stokk.io/app/event/111/q4-202223-presentation/)

Date and time
Tuesday 5[th] of December, 2023, from 11:00 - 11:30 PM CET

Sign up for conference
Live conference sign-up link >> (https://stokk.io/app/event/111/q4-202223-presentation/)