20.5.2021 09:29:01 CEST | Audientes A/S |
Periodeoplysning
1. kvartal 2021 var præget af forberedelser inden den kommende produktlancering i 3. kvartal 2021, herunder produkttests i fire byer i Indien og færdiggørelse af designet og de tekniske specifikationer inden masseproduktion. Audientes bygger momentum gennem en styrkelse af produktet og organisationen.
Selskabsmeddelelse nr. 5-2021
20. maj 2021
Audientes’ resultat for 1. januar til 31. marts 2021 er i dag blevet godkendt af bestyrelsen, og selskabet offentliggør nu delårsrapporten for 1. kvartal 2021.
Steen Thygesen, CEO Audientes A/S, udtaler:
“1. kvartal 2021 var et travlt kvartal forud for produktlanceringen i 3. kvartal 2021. Vores lokale tilstedeværelse i Indien sikrede, at vi med respekt for COVID-19-pandemien kunne gennemføre vigtige produkt- og kundetests i fire storbyer i Indien, lige som vi har lanceret forbedrede tekniske specifikationer i et elegant design, som vil blive markedsført senere i år. Driftsresultatet (EBITDA) for 1. kvartal 2021 blev på DKK -2,6 mio., hvilket var på niveau med forventningerne, og vi fastholder vores forventninger til 2021.”
Hovedtal for 1. kvartal 2021
TDKK
1. kvt. 2021
1. kvt. 2020
2020
Omsætning
0
0
0
EBITDA
-2.610
-43
-5.548
Periodens resultat
-2.751
-43
-5.561
Likvide beholdninger
28.409
16
30.364
Egenkapital
35.620
3.878
38.372
Egenkapitalandel (%)
88
50
91
Resultat pr. aktie (DKK)
-0,29
-0,01
-0,79
Primo antal aktier (stk.)
9.349.010
3.687.300
3.687.300
Ultimo antal aktier (stk.)
9.349.010
3.687.300
9.349.010
Højdepunkter for 1. kvartal 2021
Investeringer og omkostningsniveau som forventet med en mindre rejseaktivitet end umiddelbart planlagt. Audientes havde ved udgangen af 1. kvartal 2021 en stærk finansiel position med likvide midler på TDKK 28.409.
Vigtige brugertests, gennemført flere steder i Indien i 1. kvartal 2021, har givet os afgørende feedback i forhold til funktionalitet, design og pasform.
Implementering af den flerstrengede salgsplatform fortsatte i 1. kvartal 2021. Platformen gør os i stand til at markedsføre og sælge vores produkt og tilbehør på verdensplan gennem en række e-handelskanaler samtidig med, at vi er i dialog med kommende B2B-samarbejdspartnere til lancering på de forskellige markeder i 3. kvartal 2021.
Markant teknisk løft annonceret i marts 2021 vil sammen med et forbedret design understøtte salget af vores selvjusterende høreapparat.
Fortsat fokus på FDA-godkendelse af vores høreapparat i 2022, også selvom implementeringen af en ny lovgivning for håndkøbssegmentet i USA er forsinket.
Forventningerne til 2021 fastholdes
Datterselskab etableres i Hyderabad i det sydlige Indien i 2. kvartal 2021 med både kontorfaciliteter og showroom.
Salget forventes fortsat påbegyndt i 3. kvartal 2021, hvor masseproduktion som tidligere annonceret også indledes.
Forventningerne fastholdes – Audientes forventer en omsætning i niveauet DKK 3,5 til 5,0 mio. og et driftsresultat (EBITDA) i niveauet DKK -12 til -14 mio. i 2021.
Finanskalender
Dato
Begivenhed
19. august 2021
Halvårsrapport
18. november 2021
Delårsrapport for 3. kvartal
24. marts 2022
Årsrapport 2021
21. april 2022
Generalforsamling 2022
Delårsrapport for 1. kvartal 2021:
Præsentation af delårsrapporten: 20. maj 2021 kl. 14.00 (CET)
Torsdag den 20. maj 2021 kl. 14.00 (CET) præsenterer CEO Steen Thygesen resultatet for 1. kvartal 2021 samt de seneste nyheder. Der vil være mulighed for at stille spørgsmål.
https://hcandersencapital643.clickmeeting.com/327941278/register
Yderligere spørgsmål:
CEO Steen Thygesen
Tlf.: 53 17 26 10
E-mail: st@audientes.com
www.audientes.com
Certificeret rådgiver
Kapital Partner ApS
Jesper Ilsøe, Partner
Tlf.: 89 88 78 46
www.kapitalpartner.dk
Om Audientes A/S
Audientes er en af de nye aktører på det globale høreapparatmarked. Selskabet har udviklet et nyt selvjusterende høreapparat, som lanceres på det indiske marked i 3. kvartal 2021, inden det også lanceres på det amerikanske håndkøbsmarked samt andre markeder. Audientes har et mål om at hjælpe de mange millioner, som har et invaliderende høretab, men ikke har råd til at købe et af de meget dyre traditionelle høreapparater på markedet.
Der er i dag ca. 500 mio. mennesker, som har et invaliderende høretab, hvoraf 400 mio. ikke har en god løsning til deres høretab. WHO estimerer, at der i 2050 vil være 900 mio. mennesker med et invaliderende høretab. Der er tale om en global sundhedsudfordring, og Audientes ønsker at være en del af løsningen ved at tilbyde prismæssigt overkommelige og selvjusterende binaurale høreapparater til de millioner af mennesker, der har høretab.
Audientes’ hovedkontor ligger i København, og selskabet er noteret på Nasdaq First North Growth Market Denmark (AUDNTS).
For yderligere information om Audientes – se selskabets hjemmeside (www.audientes.com).
Delårsrapporten samt tilhørende selskabsmeddelelse er offentliggjort på både dansk og engelsk. I tilfælde af uoverensstemmelse mellem den engelske version og den danske oversættelse er den engelske version gældende.
Vedhæftninger
Download selskabsmeddelelse.pdf
Audientes Q1 2021 Financial Report.pdf
Audientes DK Company Announcement 5-21 Q1-21 Report.pdf
20.5.2021 09:29:01 CEST | Audientes A/S |
Interim information
Q1 2021 was marked by the company’s efforts to get ready for the upcoming product launch in Q3 2021, including product testing in four cities in India and finalizing the design and technical specifications for mass production. Audientes is building momentum through a strengthened product and organization.
Company announcement no. 5-2021
May 20, 2021
Today, Audientes A/S’ financial results for the period January 1 – March 31, 2021, were approved by the Board of Directors, and the company has now published its interim report for Q1 2021.
Steen Thygesen, CEO Audientes A/S, comments:
“Q1 2021 has been marked by several significant accomplishments before the actual product launch in Q3 2021. With our local presence in India, despite and with respect for the COVID-19 pandemic, we have been able to conduct important product and customer tests in four major cities in India, and we have even launched improved technical specifications in an elegant design that we take to market later this year. Operating profit (EBITDA) in Q1 2021 was DKK -2.6 million, which is in line with expectations, and the outlook for 2021 is maintained.”
Performance highlights for Q1 2021
TDKK
Q1-2021
Q1-2020
2020
Revenue
0
0
0
EBITDA
-2,610
-43
-5,548
Profit/loss for the period
-2,751
-43
-5,561
Cash and cash equivalents
28,409
16
30,364
Equity
35,620
3,878
38,372
Equity ratio (%)
88
50
91
Earnings per share (DKK)
-0.29
-0.01
-0.79
No. of shares beginning of the period
9,349,010
3,687,300
3,687,300
No. of shares end of period
9,349,010
3,687,300
9,349,010
Highlights Q1 2021
Investments and expenditures in line with expectations with less travel activity than planned. Accordingly, Audientes had a robust financial position at the end of Q1 2021 with cash holdings of TDKK 28,409.
Critical user tests in several cities throughout India completed in Q1 2021, enabling us to gather vital user feedback on device performance, design and fit.
Implementation of the multichannel sales platform commenced in Q1 2021. The platform enables us to market and sell our products and accessories worldwide through numerous ecommerce channels and will simultaneously facilitate the dialog and collaboration with B2B sales partners in various markets with whom we plan to launch our product in Q3 2021.
Significant technical boost announced in March 2021 which, together with an enhanced design, greatly reinforces the offering of our self-fitting hearing aid.
Continued focus on gaining FDA clearance for our hearing aid in 2022, although the introduction of pending new OTC legislation has been delayed by the US authorities.
2021 outlook maintained
Indian subsidiary – In Q2 2021, we will establish our Indian subsidiary with both office facilities and a customer experience center in the southern Indian city of Hyderabad.
Sales start is targeted for Q3 2021 as mass production commences, as previously announced.
Outlook maintained – In 2021, Audientes expects revenue in the range of DKK 3.5 to 5.0 million and operating profit (EBITDA) in the range of DKK -12 to -14 million.
Financial calendar
Date
Event
August 19, 2021
Half-year 2021 reporting
November 18, 2021
Q3 2021 reporting
March 24, 2022
Annual Report 2021
April 21, 2022
Annual General Meeting 2022
Q1 interim report 2021:
Interim report presentation: 20 May 2021 at 2:00 pm (CET)
On Thursday, 20 May 2021 at 2:00 pm (CET), Audientes CEO Steen Thygesen presents the Q1 2021 financial results and latest news, followed by a Q&A session.
https://hcandersencapital643.clickmeeting.com/327941278/register
For further information, please contact:
CEO Steen Thygesen
Phone: +45 53 17 26 10
Email: st@audientes.com
www.audientes.com
Certified advisor
Kapital Partner ApS
Jesper Ilsøe, Partner
Phone: +45 89 88 78 46
www.kapitalpartner.dk
About Audientes A/S
Audientes is one of the new players in the global hearing aid market. The company has developed a new self-fitting hearing aid, which will be rolled out in the Indian market in Q3 2021 before being introduced to the US OTC market and other markets. Audientes’ mission is to help the many millions who suffer from disabling hearing loss but cannot afford to buy one of the very expensive conventional hearing aids on the market.
Today, nearly 500 million people globally suffer from disabling hearing loss, of whom 400 million do not have a quality solution to address their hearing loss. The WHO estimates that, by 2050, the number of people with disabling hearing loss will reach 900 million. This is nothing short of a global health issue. Audientes wants to be part of the solution to this issue by offering affordable, self-fitting binaural hearing aids for the benefit of all.
Audientes is headquartered in Copenhagen, Denmark and is listed on Nasdaq First North Growth Market Denmark (AUDNTS).
For additional information about Audientes’ financial position and development, please refer to the company’s website (www.audientes.com).
The interim report and this accompanying company announcement are originally published in English. In case of any discrepancy between the English version and the Danish translation, the English version prevails.
Attachments
Download announcement as PDF.pdf
Audientes Q1 2021 Financial Report.pdf
Audientes EN Company Announcement 5-21 Q1-21 Report.pdf
