PhotoCure ASA (OSL:PHO)
kr 49.3 0.4 (0.82%) Market Cap: 1.34 Bil Enterprise Value: 1.05 Bil PE Ratio: 94.81 PB Ratio: 2.67 GF Score: 78/100
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Q1 2024 Photocure ASA Earnings Call Transcript

May 15, 2024 / 12:00PM GMT
Release Date Price: kr60.2 (-4.14%)
Dan Schneider
Photocure ASA - President & CEO

All right. Well, good afternoon, everyone. Good morning here in the US. My name is Dan Schneider, President, CEO of Photocure. Welcome to Photocure ASA's first quarter 2024 results. Joining me today is Erik Dahl, CFO, and David Moskowitz, Vice President, Investor Relations.

Next slide. Just a reminder that the usual disclaimers are in place for today's presentation. Slide 3, please. Great. So first quarter highlights, product revenue. We grew at 10% unit sales, 6% year over year. We had 17 Saphira towers placed in the US. There were six new accounts that were opened, there were five upgrades from existing accounts and then we'll get into this more today. We'll talk about the six mobile Saphira towers that are now carried in the ForTec system. In Europe, we're executing on the priority growth markets, both UK and Italy had significant double digit growth. France is also coming on the underpinnings of that business. Looked very, very strong.

We're expecting a increased momentum through the rest of the year and the Nordics have stabilized

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