RaySearch Laboratories AB (publ)
STO:RAY B

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RaySearch Laboratories AB (publ) Logo
RaySearch Laboratories AB (publ)
STO:RAY B
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Price: 231.5 SEK 2.43% Market Closed
Market Cap: 7.9B SEK

RaySearch Laboratories AB (publ)
Investor Relations

RaySearch Laboratories AB is a medical technology company, which engages in the development of software solutions for improved radiation therapy of cancer. The company is headquartered in Stockholm, Stockholm. The company markets and sells its products mainly in the United States and in Europe through license agreements with medical technology companies and scientific institutions. As of December 31, 2011, 15 of the Company’s products were launched, including the software platform ORBIT (optimization of radiation therapy beams by iterative technique), which is available in its main products, and is a non-clinical system which functions as a research and development environment. Additionally, its solutions include software for optimizing Intensity Modulated Radiation Therapy (IMRT) plans for photons, adaptive technology for IMRT treatments and software for proton treatments. The Company’s commercial partners are Philips, Nucletron and IBA Dosimetry, among others. In April 2014, it established a German subsidiary, RaySearch Germany GmbH.

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RAY B
OMX Stockholm 30
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Last Earnings Call
Fiscal Period
Q3 2024
Call Date
Nov 8, 2024
AI Summary
Q3 2024

Record Sales: Q3 sales reached SEK 293 million, the highest ever for the company, up 19% from last year.

Profitability: Operating profit rose to SEK 62 million with a 21% margin, nearly doubling last year’s margin.

Margin Target Raised: The board increased the 2026 operating margin goal to at least 25%, up from 20%, after achieving the old target two years early.

RayCare Momentum: Major RayCare milestones included first clinical use with a TrueBeam machine and new customer wins; revenue impact expected in 2025.

Operating Costs Controlled: Operating expenses grew just 5%, with management emphasizing ongoing cost discipline to support margin targets.

Strong Pipeline: Despite orders tracking slightly below sales, management expressed confidence in robust demand, especially for RayCare.

Key Financials
Net Sales
SEK 293 million
Operating Profit
SEK 62 million
Operating Margin
21%
Order Intake
SEK 253 million
Cash Flow from Operations
SEK 60 million
Cash and Cash Equivalents
SEK 425 million
Backlog
SEK 1.7 billion
Other Earnings Calls

Management

Dr. Johan Lof Ph.D.
Founder, CEO, President & Director
No Bio Available
Mr. Bjorn Hardemark
Deputy Chief Executive Officer
No Bio Available
Ms. Annika Blondeau Henriksson
Acting Chief Financial Officer
No Bio Available
Mr. Kjell Eriksson
Head of Research & Chief Science Officer
No Bio Available
Ms. Petra Jansson
General Counsel
No Bio Available
Mr. Peter Kemlin
Director of Sales & Marketing
No Bio Available
Ms. Tove Alteborg
Global Human Resource Manager
No Bio Available
Mr. Fredrik Lofman
Head of Machine Learning
No Bio Available
Mr. Marc Mlyn CMD, MBA
President & CEO of RaySearch Americas
No Bio Available

Contacts

Address
STOCKHOLM
Stockholm
Sveavagen 44, Box 3297
Contacts