22.10.2020 15:55:01 CEST | Audientes A/S |
Selskabsmeddelelse
Audientes Delårsrapport 3. kvartal 2020 (1. juli – 30. september)
Selskabsmeddelelse nr. 3-2020
22. oktober 2020
AUDIENTES DELÅRSRAPPORT 3. KVARTAL 2020 (1.JULI – 30.SEPTEMBER))
Audientes A/S, den danske udvikler af selvjusterende høreapparater af høj kvalitet rettet mod de næsten 500 millioner mennesker med invaliderende høretab, som ikke kan få den nødvendige hjælp, offentliggører i dag resultatet af tredje kvartal, hvori selskabet med succes har gennemført en overtegnet børsintroduktion på Nasdaq First North Growth Market Denmark, som beskrevet i selskabsmeddelelse nr. 2-2020 af 15. september, 2020.
Ledelsen har valgt at offentliggøre helårstal for 2019 som sammenligningstal vedrørende resultatopgørelsen samt pengestrømsopgørelsen. Det skyldes at udgifterne og den kommercielle aktivitet i Audientes var begrænsede i samme periode sidste år, og som sådan anses detaljerede oplysninger for hverken 3. kvartal eller de 9 måneder, der sluttede 30. september 2019, for at bidrage som rimelige sammenligninger. Tal i parentes refererer til hele det foregående år, 2019.
Denne delårsrapport er ikke blevet revideret.
Højdepunkter i interimsrapporten:
Audientes har en solid finansiel position med en likvid beholdning på 34.731 KDKK (0,077 KDKK) pr. 30. september 2020.
Resultatet for 3. kvartal af 2020 udgjorde KDKK -3.386 (KDKK -0.314).
Salget af Audientes-produkter er endnu ikke begyndt, hvorfor nettosalget i 3. kvartal 2020 udgjorde KDKK 0,00 (KDKK 0,00).
Andre driftsindtægter i første kvartal udgjorde KDKK 0 (KDKK 0,05).
Pengestrømmen udgjorde 34.671 KDKK (0.0067 KDKK). Pengestrøm fra driftsaktiviteter i 3. kvartal 2020 udgjorde KDKK 0 (KDKK 0).
Udgifter og tab i 3. kvartal af 2020 er i overensstemmelse med planer og forventninger, der er opstillet forud for børsintroduktionen. De væsentligste udgifter i dette kvartal var investeringer i produktudvikling, IPO-relaterede marketingaktiviteter samt finansielle- og transaktionsomkostninger.
Det gennemsnitlige månedlige omkostningsniveau eksklusive IPO-relaterede omkostninger er på ca. KDKK 300, hvilket er i tråd med forventningerne for perioden. Omkostningerne vil øges i de kommende måneder på grund af nyansættelser, produktudvikling og marketingaktiviteter.
I løbet af 3. kvartal ansatte Audientes fire nye medarbejdere. Audientes har nu seks fuldtidsansatte pr. 30. september 2020.
Audientes soliditetsgraf pr. 30. september 2020 udgjorde 90,5 procent (51,2 procent)
Audientes indtjening pr. aktie i 3. kvartal blev DKK -0,70.
Vi har indledt et samarbejde med studerende ved Danmarks Tekniske Universitet om design og udvikling af en Audientes tinnitus-applikation.
Vores igangværende varemærkeindsats fortsætter med at sikre yderligere beskyttelse på vores prioriterede markeder.
Ledelsesberetning
Audientes fortsætter med at gennemføre de forretningsmæssige mål, der er nødvendige for en vellykket lancering af vores selvjusterende høreapparat i medio 2021. Produktudvikling, go-to-market planlægning og rekruttering af nøglemedarbejdere til centrale positioner fortsætter som beskrevet i vores virksomhedsbeskrivelse offentliggjort den 31. august 2020. Vi har nået vores mål for produktudvikling, både med hensyn til software- og hardwareforbedringer, men også med hensyn til produktdesign og brugeroplevelse.
Nøglekomponenter i vores lanceringsstrategi er kommercielle partnerskaber med regionale distributører og detailhandlere. Som en del af denne strategi har vi underskrevet en udvidelse af et Letter of Intent (LOI) med en indisk detailpartner, som vi har arbejdet med i markedstest i flere år som en del af et projekt medfinansieret af Markedsmodningsfonden.
Derudover er vi begyndt på at opbygge organisationen for markedsføring, salg og distribution af vores produkter samt etablere vores tilstedeværelse i vores fokusmarked, Indien. Audientes er også ved at etablere platformen for onlinesalg af vores høreapparat via vores hjemmeside samt e-tailers som Amazon, Flipkart og Alibaba.com.
CEO Steen Thygesen, Audientes: “Efter vores succesrige børsintroduktion den 18. september har vi gjort store fremskridt i vores produktudvikling og er i stand til at påbegynde den endelige markedstest i 4. kvartal. Med vores organisation er vi godt på vej til at komme ind på markedet medio 2021 med salg i Indien og online. ”
Financial Calendar
Dato
Begivenhed
22. oktober 2020
3. kvartal 2020 rapportering
18. marts 2021
4. kvartal 2020 og Årsrapport 2020
13. april 2021
Generalforsamling 2021
20. maj 2021
1. kvartal 2021 rapportering
19. august 2021
2. kvartal 2021 rapportering
18. november 2021
3. kvartal 2021 rapportering
Link til delårsrapporten for 3. kvartal:
Yderligere oplysninger
Audientes A/S handles på Nasdaq First North Growth Market Denmark under symbolet “AUDNTS” og ISIN DK0061406618.
For yderligere oplysninger om Audientes økonomiske situation, henvises til selskabets hjemmeside (www.audientes.com).
For yderligere oplysninger kontakt:
Adm. direktør Steen Thygesen
Tlf.: +45 53 17 26 10
e-mail: steen.thygesen@audientes.com
Audientes A/S
Teknikerbyen 5
2830 Virum
www.audientes.com
Certified advisor
Kapital Partner ApS
Jernbanegade 4
1608 København V
Tlf. 8988 7846
www.kapitalpartner.dk
Kontakter
Steen Thygesen, CEO, +45 53172610, Steen.Thygesen@audientes.com
Om Audientes A/S
Audientes is a Denmark-based innovator of affordable hearing solutions. Our goal is to make smart, high-quality hearing aids accessible and affordable to everyone who needs them. We achieve this by designing, developing and bringing to market innovative, assisted-hearing solutions.
Vedhæftninger
Download selskabsmeddelelse.pdf
Audientes Q3 2020 Report.pdf
22.10.2020 15:55:01 CEST | Audientes A/S |
Company Announcement
Audientes Financial Report Q3 2020 (July 1st – September 30th).
Announcement no. 3-2020
October 22, 2020
FINANCIAL REPORT Q3 2020 (JULY 1ST – SEPTEMBER 30TH)
Audientes A/S, the Danish developer of affordable, high-quality self-fitting hearing aids aimed at the nearly 500 million people with disabling hearing loss who are unable to get proper help they can afford, today publishes the results of the third quarter during which it successfully conducted an oversubscribed IPO on Nasdaq First North Growth Market Denmark, as set out in Company Announcement No. 2-2020 of September 15, 2020.
Management has chosen to disclose full-year figures for 2019 as comparatives regarding the profit and loss account as well as the cash flow statement because the expenditures and commercial activity in Audientes was limited in the same period last year and as such, detailed information for neither Q3 nor the 9 months ended 30 September 2019, are considered to contribute as reasonable comparatives. Numbers within parentheses refer to the full preceding year, 2019.
This interim report has not been reviewed by the Company’s auditors.
Highlights of the Interim report:
Audientes has a robust financial position with cash and cash equivalents amounting to KDKK 34,731 (KDKK 0.077) as of September 30, 2020.
The result for the third quarter of 2020 amounted to KDKK -3,386 (KDKK -0.314).
Sales of Audientes products have not yet begun, thus net sales for the third quarter of 2020 amounted to KDKK 0.00 (KDKK 0.00).
Other operating income for the first quarter amounted to KDKK 0 (KDKK 0.05).
Cash flow amounted to KDKK 34,671 (KDKK 0.0067). Cash flow from operating activities in the third quarter of 2020 amounted to KDKK 0 (KDKK 0).
Expenditures and losses in the third quarter of 2020 are overall in line with plans and expectations set out ahead of the IPO. Main expenditures this quarter were investments in product development, IPO-related brand-building and other marketing activities plus the financial and transaction costs.
Excluding IPO-related costs, the monthly burn rate is approximately KDKK 300, which is in line with the expectations for the period but will increase in the coming months due to increases in personnel, product development and marketing activities.
During Q3 Audientes hired four new employees. Audientes now has six full-time employees as of September 30, 2020.
Audientes equity ratio as of September 30th, 2020 amounted to 90.5 percent (51.2 percent)
Audientes earnings per share in Q3 was DKK -0.70.
We entered a collaboration with students at the Technical University of Denmark on the design and development of an Audientes tinnitus application.
Our ongoing trademarking effort continues to ensure further protection in our priority markets.
Management Review
Audientes continues to execute on the business objectives necessary for a successful launch of our self-fitting hearing aid in medio 2021. Product development, go-to-market planning and the recruitment of key personnel to pivotal positions are proceeding as outlined in our Company Description published on 31 August 2020. We have met our product development targets, both in terms of software and hardware enhancements, but also in terms of product design and user experience.
Key components of our launch strategy are commercial partnerships with regional distributors and retailers. As part of this strategy, we have signed a Letter of Intent (LOI) extension with an Indian retail partner with whom we have been working with for end-user testing for several years as part of a project co-funded by the Danish Market Development Fund (Markedsmodningsfonden).
Additionally, this quarter we began building the organization that will drive the marketing, sales and delivery of our products to market, as well as establishing our presence in our target market, India. Audientes is also laying the foundation for online sales of our hearing aid via our website and e-tailers like Amazon, Flipkart and Alibaba.com.
CEO Steen Thygesen, Audientes: “Following our successful IPO on September 18th we have made big strides in our product development and being able to commence the final market testing in Q4. With our extended organization, we are well on track to enter the market medio 2021 with initial product availability in India and online.”
Financial Calendar
Date
Event
October 22, 2020
Q3 2020 reporting
March 18, 2021
Q4 2020 and Annual Report 2020
April 13, 2021
Annual General Meeting 2021
May 20, 2021
Q1 2021 reporting
August 19, 2021
Q2 2021 reporting
November 18, 2021
Q3 2021 reporting
Link to the Q3 interim report:
Additional information
Audientes A/S is traded on Nasdaq First North Growth Market Denmark under the symbol “AUDNTS” and ISIN DK0061406618.
For additional information about Audientes financial position and development, please refer to the Company’s website (www.audientes.com).
For more information:
CEO Steen Thygesen
Tel: +45 53 17 26 10
email: steen.thygesen@audientes.com
Audientes A/S
Teknikerbyen 5
2830 Virum
www.audientes.com
Certified Adviser
Kapital Partner ApS
Jernbanegade 4
1608 København V
Tlf. 8988 7846
www.kapitalpartner.dk
Contacts
Steen Thygesen, CEO, +45 53172610, Steen.Thygesen@audientes.com
About Audientes A/S
Audientes is a Denmark-based innovator of affordable hearing solutions. Our goal is to make smart, high-quality hearing aids accessible and affordable to everyone who needs them. We achieve this by designing, developing and bringing to market innovative, assisted-hearing solutions.
Attachments
Download announcement as PDF.pdf
Audientes Q3 2020 Report.pdf
