JANUARY 1 – SEPTEMBER, 30 2009
Net sales for the period amounted to SEK 47.3 M (41.3)
Profit after tax was SEK 12.6 M (7.3) and earnings per share amounted to SEK 0.37 (0.21)
Operating profit was SEK 17.1 M (8.0)
Cash flow totaled SEK 5.4 M (neg: 20.0)
The first product from the collaboration with TomoTherapy received FDA clearance in January and has been launched
Three products from the collaboration with Varian were launched in June
Breakthrough order for proton treatment planning system was secured in June
Two new products from the collaboration with Nucletron were launched in September
AFTER THE END OF THE PERIOD
The new VMAT product from the collaboration with Philips began generating revenues in November
The collaboration agreement with Siemens, which was signed in May, was expanded and accelerated in November
“It is extremely satisfying that the major development efforts during recent years are now beginning to pay off. In November our new product for Philips started generating revenues and we anticipate that the total revenue contribution from this and other new products will exceed SEK 10 M already in the fourth quarter,” says Johan Löf, President of RaySearch.
“We have also expanded and accelerated our collaboration with Siemens which is now expected to start generating revenues in the second half of 2010 instead of in 2011 as previously stated. Consequently, I can say that the potential for growth has never looked as favorable as it does now,” concludes Johan Löf.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Johan Löf, President and CEO
Tel: +46 (0)8-545 061 30
RaySearch Laboratories is a medical technology company that develops advanced software solutions for improved radiation therapy of cancer. RaySearch’s products are sold through license agreements with leading partners, such as Philips, Varian, Siemens, Nucletron, IBA Dosimetry and TomoTherapy. To date, 15 products have been launched and RaySearch’s software is used at about 1,500 clinics in more than 30 countries. In addition, existing license agreements cover more than 15 other products that are scheduled to be launched in the coming years. RaySearch was founded in 2000 as a spin-off from Karolinska Institutet in Stockholm and the company is listed in the Small Cap segment of NASDAQ OMX Nordic Exchange Stockholm.
For more information about RaySearch, visit www.raysearchlabs.com.