The full Interim report is available on Brighter's website www.brighter.se. The Interim report is also attached as a pdf file to this press release.
Momentum towards Actiste delivery continues.
KSEK Jan-Mar Jan-Mar 2017 Jan-Dec 2017 Jan-Dec 2016 Jan-Dec 2015
Operating -10,029 -3,634 -19,946 -18,501 -12,121
Net -1 -2 -2,897 -238 -74
Profit -11,012 -4,836 -27,292 -14,683 -12,195
Total 111,270 63,605 111,354 68,734 41,620
Equity per 1.31 0.97 1.35 1.01 0.77
Capital 77% 77% 78% 76% 70%
For definitions, see note 24 in Brighter's 2017 Annual Report.
A message from the CEO.
As we eagerly await the anticipated CE-approval of Actiste, Q1 saw several developments that help us prepare for the delivery of the solution later this year.
In January, The European Patent Office granted Brighter's application related to a method for logging injections made by a medical device. This patent - previously granted to Brighter in Sweden only - is now ours Europe-wide. This is excellent news, further strengthening our Intellectual Property portfolio and the strategy we're building for that.
In February, we joined the rest of the global technology industry in Barcelona for Mobile World Congress (MWC18). Brighter participated in the event as part of a Swedish delegation, and Actiste was one of the main attractions at the pavilion of our key partner Ericsson.
At the beginning of March, we appointed Petra Kaur as Brighter's head of marketing and communication. In order to formally take this full-time role - which she had previously worked in as a consultant - Petra has stepped down from the Brighter Board of Directors seat she has held since 2014. With both agency-side and client-side marketing experience from the pharma and healthcare sectors, Petra has the right background to lead Brighter's go-to-market efforts as we head into this next phase.
Also in March, we announced a strategic co-operation with fellow Swedish company FRISQ, which develops digital tools for personalized care plans. Our joint ambition is to further the development of the conditions and infrastructure needed for better flow of healthcare information and remote monitoring. The companies complement each other very well, and we see a variety of positive synergies in the partnership.
We ended the quarter on a very positive note, with Actiste being nominated for Sweden's most prestigious design award: The Design-S Swedish Design Awards 2018, in the category Industrial and Product Design B2B. It's encouraging for Actiste's functional and ergonomic design to be recognized by such a prestigious forum.
Thank you for your ongoing support!
Truls Sjöstedt, Founder and CEO of Brighter AB.
For more information, please contact:
Ann Zetterberg, CFO
Tel: +46 708 37 21 23
Truls Sjöstedt, CEO
Tel: +46 709 73 46 00
Brighter is a Swedish-based company that, from a unique IP portfolio, creates smart solutions for one of healthcare's biggest challenges: changing patient behavior. Chronic diseases such as diabetes are rapidly increasing, and account for an increasing share of healthcare costs globally. Brighter's Business Model and Multi-Sided Market Platform - The Benefit Loop™ - is based on the fact that many special interests create value for each other. By increasing access to valid health data, Brighter creates value for all stakeholders in the care chain: patients and their close associates, healthcare providers, research institutes, the pharmaceutical industry, and society as a whole. www.brighter.se
Brighter's solution Actiste® handles most of the self-monitoring and treatment of insulin-treated diabetes in a single easy-to-use device. Measurement of glucose levels, insulin injections, automatic logging, and timing of all activities are performed from a single unit. Actiste is connected via an autonomous and secure mobile connection, and information can be automatically shared with selected recipients through The Benefit Loop®, Brighter's open cloud-based service where data is collected, processed and analyzed with patient consent.
Validated user-generated data, such as glucose levels or insulin doses, can be automatically transferred electronically to many different constituents. The patient selects when and how data is shared and who will have access to it. Through The Benefit Loop, different services can motivate patients with chronic illnesses to change their behavior, which can save lives, reduce relatives' concerns, and release enormous healthcare resources. www.actiste.com
The Company's shares are listed on NASDAQOMX First North/BRIG (http://www.nasdaqomxnordic.com/shares/microsite?Instrument=SSE86375). Brighter's Certified Adviser on Nasdaq OMX First North is Remium Nordic Holding AB +46 (0)8 - 454 32 50, CorporateFinance@remium.com, www.remium.com.
This information is information that Brighter AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 08:45 CEST on May 15, 2018.
This information was distributed by Cision http://www.cisionwire.se/