Income Statement Ortivus AB

Stocks

ORTI B

SE0000123085

Advanced Medical Equipment & Technology

Market Closed - Nasdaq Stockholm 12:00:00 2026-09-01 EDT			5-day change	1st Jan Change
1.790 ^SEK	0.00%		-8.44%	+47.33%

08-25	Ortivus AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
08-25	Calendar Tuesday, August 25	FW

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Published financial data: ORTIVUS AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Revenues	94.27M	105M	84.08M	80.41M	73.4M
Total Revenues	94.27M	105M	84.08M	80.41M	73.4M
Cost of Goods Sold, Total	46.4M	55.78M	53.24M	52.48M	43.8M
Gross Profit	47.87M	48.72M	30.84M	27.94M	29.6M
Selling General & Admin Expenses, Total	32.01M	38.78M	37.7M	36.2M	36.34M
R&D Expenses	3.29M	3.29M	9.54M	10.8M	7.71M
Other Operating Expenses	-4K	-	-	-7K	4.88M
Other Operating Expenses, Total	35.3M	42.06M	47.24M	47M	48.93M
Operating Income	12.57M	6.66M	-16.4M	-19.07M	-19.33M
Interest Expense, Total	-160K	-11K	-578K	-3.44M	-3.14M
Interest And Investment Income	31K	-	-	-	-
Net Interest Expenses	-129K	-11K	-578K	-3.44M	-3.14M
Currency Exchange Gains (Loss)	-3.22M	-813K	-1.21M	-361K	1.13M
Other Non Operating Income (Expenses)	-6K	-23K	-	-1.85M	-320K
EBT, Excl. Unusual Items	9.21M	5.81M	-18.19M	-24.72M	-21.66M
Gain (Loss) On Sale Of Assets	-	-	-	-102K	-
EBT, Incl. Unusual Items	9.21M	5.81M	-18.19M	-24.82M	-21.66M
Income Tax Expense	-	-79K	55K	86K	213K
Earnings From Continuing Operations	9.21M	5.89M	-18.24M	-24.9M	-21.88M
Net Income to Company	9.21M	5.89M	-18.24M	-24.9M	-21.88M
Net Income - (IS)	9.21M	5.89M	-18.24M	-24.9M	-21.88M
Net Income to Common Incl Extra Items	9.21M	5.89M	-18.24M	-24.9M	-21.88M
Net Income to Common Excl. Extra Items	9.21M	5.89M	-18.24M	-24.9M	-21.88M
Per Share Items
Net EPS - Basic	0.21	0.13	-0.41	-0.56	-0.43
Basic EPS - Continuing Operations	0.21	0.13	-0.41	-0.56	-0.43
Basic Weighted Average Shares Outstanding	44.31M	44.31M	44.31M	44.31M	51.47M
Net EPS - Diluted	0.21	0.13	-0.41	-0.56	-0.43
Diluted EPS - Continuing Operations	0.21	0.13	-0.41	-0.56	-0.43
Diluted Weighted Average Shares Outstanding	44.31M	44.31M	44.31M	44.31M	51.47M
Normalized Basic EPS	0.13	0.08	-0.26	-0.35	-0.26
Normalized Diluted EPS	0.13	0.08	-0.26	-0.35	-0.26
Supplemental Items
EBITDA	13.34M	7.57M	-15.34M	-18.3M	-18.68M
EBITA	12.57M	6.66M	-16.4M	-19.07M	-19.33M
EBIT	12.57M	6.66M	-16.4M	-19.07M	-19.33M
EBITDAR	13.38M	7.63M	-15.26M	-	-
Effective Tax Rate - (Ratio)	-	-1.36	-0.3	-0.35	-0.98
Total Current Taxes	-	-79K	55K	86K	126K
Total Deferred Taxes	-	-	-	-	87K
Normalized Net Income	5.76M	3.63M	-11.37M	-15.45M	-13.54M
Interest on Long-Term Debt	160K	11K	-	179K	137K
Supplemental Operating Expense Items
Selling and Marketing Expenses	19.49M	23.88M	25.98M	24.81M	20.88M
General and Administrative Expenses	12.52M	14.9M	11.72M	11.39M	15.47M
Research And Development Expense From Footnotes	3.29M	3.29M	9.54M	10.8M	7.71M
Net Rental Expense, Total	50K	63K	77K	-	-
Imputed Operating Lease Interest Expense	29.64K	1.17K	61.28K	-	-
Imputed Operating Lease Depreciation	20.36K	61.83K	15.72K	-	-

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Assets
Cash And Equivalents	22.11M	7.6M	1.29M	7.28M	8.89M
Total Cash And Short Term Investments	22.11M	7.6M	1.29M	7.28M	8.89M
Accounts Receivable, Total	21.41M	32.86M	15.76M	3.4M	9.96M
Other Receivables	1.75M	3.23M	1.58M	6.66M	2.67M
Total Receivables	23.16M	36.09M	17.35M	10.06M	12.63M
Inventory	4.78M	14.4M	12.46M	7.61M	4.66M
Prepaid Expenses	5.33M	8.16M	8.08M	3.57M	3.59M
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	55.37M	66.25M	39.18M	28.52M	29.77M
Gross Property Plant And Equipment	32.96M	38.72M	39.17M	36.8M	36.8M
Accumulated Depreciation	-27.51M	-30.27M	-33.38M	-31.79M	-34.29M
Net Property Plant And Equipment	5.45M	8.45M	5.79M	5.01M	2.51M
Long-term Investments	-	-	4M	2.31M	2.35M
Other Intangibles, Total	-	-	-	-	-
Deferred Charges Long-Term	11.64M	15.05M	23.74M	28.07M	36.3M
Total Assets	72.46M	89.75M	72.71M	63.91M	70.93M
Liabilities
Accounts Payable, Total	2.86M	16.3M	9.03M	7.38M	8.16M
Accrued Expenses, Total	5.42M	14.71M	15.85M	6.94M	4.05M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	1.27M	1.98M	1.91M	2.38M	1.53M
Unearned Revenue Current, Total	18.06M	4.95M	4.73M	8.81M	12.52M
Other Current Liabilities	3.32M	5.3M	11.78M	7.77M	4.26M
Total Current Liabilities	30.92M	43.24M	43.28M	33.29M	30.52M
Long-Term Debt	-	-	-	33.66M	18M
Long-Term Leases	2.04M	4.16M	3.57M	1.98M	-
Unearned Revenue Non Current	10.05M	6.91M	8.54M	2.14M	-
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	43.02M	54.32M	55.4M	71.07M	48.52M
Common Stock, Total	15.51M	15.51M	15.51M	15.51M	31.02M
Additional Paid In Capital	32.79M	32.79M	32.79M	32.79M	69.42M
Retained Earnings	-19.45M	-13.56M	-31.8M	-56.71M	-78.58M
Comprehensive Income and Other	599K	698K	813K	1.25M	563K
Total Common Equity	29.44M	35.44M	17.3M	-7.16M	22.41M
Total Equity	29.44M	35.44M	17.3M	-7.16M	22.41M
Total Liabilities And Equity	72.46M	89.75M	72.71M	63.91M	70.93M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	44.31M	44.31M	44.31M	44.31M	88.61M
ECS Total Common Shares Outstanding	44.31M	44.31M	44.31M	44.31M	88.61M
Book Value / Share	0.66	0.8	0.39	-0.16	0.25
Tangible Book Value	29.44M	35.44M	17.3M	-7.16M	22.41M
Tangible Book Value Per Share	0.66	0.8	0.39	-0.16	0.25
Total Debt	3.31M	6.14M	5.48M	38.03M	19.53M
Net Debt	-18.8M	-1.46M	4.19M	30.75M	10.64M
Debt Equivalent Oper. Leases	400K	504K	616K	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	4.78M	14.4M	-	-	-
Inventories - Work In Process, Total	-	-	-	-	-
Inventories - Finished Goods, Total	-	-	12.46M	7.61M	4.66M
Machinery, Total	-	-	-	-	-
Full Time Employees	34	45	41	32	31
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	141K

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Net Income	9.21M	5.89M	-18.24M	-24.9M	-21.88M
Depreciation & Amortization - CF	1.91M	2.76M	3.12M	2.68M	2.6M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	1.91M	2.76M	3.12M	2.68M	2.6M
Amortization of Deferred Charges, Total - (CF)	1.43M	1.59M	1.59M	3.01M	1.36M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	-2K	-1.84M	-2.02M	-	-100K
Other Operating Activities, Total	2.11M	-1.5M	-614K	-459K	-5.54M
Change In Accounts Receivable	1.63M	-15.77M	18.83M	11.49M	-2.59M
Change In Inventories	-1.27M	-9.62M	1.94M	5.16M	2.95M
Change in Other Net Operating Assets	-7.24M	11.61M	-4.9M	-9.59M	-2.04M
Cash from Operations	7.77M	-6.88M	-303K	-12.62M	-25.24M
Capital Expenditure	-896K	-1.09M	-423K	-35K	-
Sale of Property, Plant, and Equipment	-	-	-	-	-
Sale (Purchase) of Intangible assets	-5.81M	-5M	-10.34M	-7.5M	-9.59M
Investment in Marketable and Equity Securities, Total	-	-56K	-4M	-	-37K
Cash from Investing	-6.7M	-6.15M	-14.76M	-7.53M	-9.63M
Long-Term Debt Issued, Total	-	-	15M	26.64M	25.28M
Total Debt Issued	-	-	15M	26.64M	25.28M
Long-Term Debt Repaid, Total	-1.24M	-1.49M	-6.27M	-500K	-40.94M
Total Debt Repaid	-1.24M	-1.49M	-6.27M	-500K	-40.94M
Issuance of Common Stock	-	-	-	-	52.14M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-1.24M	-1.49M	8.73M	26.14M	36.48M
Foreign Exchange Rate Adjustments	153K	2K	31K	-	-
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	-15K	-14.52M	-6.31M	5.99M	1.61M
Supplemental Items
Cash Interest Paid	166K	18K	429K	-	3.46M
Levered Free Cash Flow	-10.92M	-11.37M	4.2M	-9.73M	-21.24M
Unlevered Free Cash Flow	-10.82M	-11.36M	4.57M	-7.58M	-19.28M
Change In Net Working Capital	15.31M	13.78M	-20.88M	-6.18M	1.56M
Net Debt Issued / Repaid	-1.24M	-1.49M	8.73M	26.14M	-15.66M

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Profitability
Return on Assets	11.3	5.13	-12.62	-17.45	-17.92
Return on Total Capital	29.4	11.2	-31.85	-44.43	-33.18
Return On Equity %	37.5	18.16	-69.19	-491.18	-286.92
Return on Common Equity	37.5	18.16	-69.19	-491.18	-286.92
Margin Analysis
Gross Profit Margin %	50.78	46.62	36.68	34.74	40.33
SG&A Margin	33.96	37.1	44.84	45.02	49.51
EBITDA Margin %	14.15	7.24	-18.24	-22.76	-25.45
EBITA Margin %	13.33	6.37	-19.5	-23.71	-26.33
EBIT Margin %	13.33	6.37	-19.5	-23.71	-26.33
Income From Continuing Operations Margin %	9.77	5.64	-21.7	-30.97	-29.8
Net Income Margin %	9.77	5.64	-21.7	-30.97	-29.8
Net Avail. For Common Margin %	9.77	5.64	-21.7	-30.97	-29.8
Normalized Net Income Margin	6.11	3.48	-13.52	-19.21	-18.45
Levered Free Cash Flow Margin	-11.58	-10.88	5	-12.1	-28.94
Unlevered Free Cash Flow Margin	-11.47	-10.87	5.43	-9.43	-26.26
Asset Turnover
Asset Turnover	1.36	1.29	1.04	1.18	1.09
Fixed Assets Turnover	22.3	15.03	11.81	14.89	19.51
Receivables Turnover (Average Receivables)	4.63	3.85	3.46	8.39	10.99
Inventory Turnover (Average Inventory)	11.23	5.82	3.96	5.23	7.14
Short Term Liquidity
Current Ratio	1.79	1.53	0.91	0.86	0.98
Quick Ratio	1.46	1.01	0.43	0.52	0.71
Operating Cash Flow to Current Liabilities	0.25	-0.16	-0.01	-0.38	-0.83
Days Sales Outstanding (Average Receivables)	78.77	94.76	105.54	43.61	33.22
Days Outstanding Inventory (Average Inventory)	32.51	62.73	92.06	69.98	51.14
Average Days Payable Outstanding	25.33	53.47	90.1	63.03	69.43
Cash Conversion Cycle (Average Days)	85.95	104.02	107.49	50.56	14.93
Long Term Solvency
Total Debt/Equity	11.24	17.32	31.67	-530.77	87.12
Total Debt / Total Capital	10.11	14.77	24.05	123.21	46.56
LT Debt/Equity	6.93	11.75	20.65	-497.49	80.31
Long-Term Debt / Total Capital	6.23	10.02	15.68	115.49	42.92
Total Liabilities / Total Assets	59.36	60.52	76.2	111.21	68.4
EBIT / Interest Expense	78.57	605.45	-28.37	-5.55	-6.15
EBITDA / Interest Expense	90.48	856.27	-22.98	-4.77	-5.32
(EBITDA - Capex) / Interest Expense	84.88	757.27	-23.71	-4.78	-5.32
Total Debt / EBITDA	0.23	0.65	-0.41	-2.32	-1.17
Net Debt / EBITDA	-1.3	-0.15	-0.32	-1.88	-0.64
Total Debt / (EBITDA - Capex)	0.24	0.74	-0.4	-2.32	-1.17
Net Debt / (EBITDA - Capex)	-1.38	-0.18	-0.31	-1.87	-0.64
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-12.37	10.86	-19.55	-4.36	-8.72
Gross Profit, 1 Yr. Growth %	22.89	1.79	-36.7	-9.42	5.96
EBITDA, 1 Yr. Growth %	77.85	-43.22	-302.6	19.3	2.07
EBITA, 1 Yr. Growth %	81.61	-47.02	-346.22	16.28	1.36
EBIT, 1 Yr. Growth %	81.61	-47.02	-346.22	16.28	1.36
Earnings From Cont. Operations, 1 Yr. Growth %	-18.72	-36.03	-409.66	36.49	-12.16
Net Income, 1 Yr. Growth %	-18.72	-36.03	-409.66	36.49	-12.16
Normalized Net Income, 1 Yr. Growth %	-18.16	-36.89	-412.92	35.87	-12.35
Diluted EPS Before Extra, 1 Yr. Growth %	-18.72	-36.03	-409.66	36.49	-24.38
Accounts Receivable, 1 Yr. Growth %	11	53.5	-52.03	-78.44	193.26
Inventory, 1 Yr. Growth %	36.92	201.38	-13.46	-38.92	-38.73
Net Property, Plant and Equip., 1 Yr. Growth %	81.55	55.04	-31.49	-13.45	-49.86
Total Assets, 1 Yr. Growth %	8.88	23.86	-18.99	-12.1	10.99
Tangible Book Value, 1 Yr. Growth %	49.63	20.35	-51.16	-141.4	-412.83
Common Equity, 1 Yr. Growth %	49.63	20.35	-51.16	-141.4	-412.83
Cash From Operations, 1 Yr. Growth %	-58.27	-188.47	-95.59	4.06K	100.05
Capital Expenditures, 1 Yr. Growth %	-49.75	21.54	-61.16	-91.73	-
Levered Free Cash Flow, 1 Yr. Growth %	-218.44	4.14	-136.99	-331.44	118.25
Unlevered Free Cash Flow, 1 Yr. Growth %	-216.59	5.04	-140.19	-266.08	154.18
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	36.16	-1.44	-5.56	-12.28	-6.57
Gross Profit, 2 Yr. CAGR %	51.03	11.84	-19.73	-24.28	-2.03
EBITDA, 2 Yr. CAGR %	10.75	0.49	7.25	55.47	10.35
EBITA, 2 Yr. CAGR %	-8.61	-1.91	14.21	69.21	8.56
EBIT, 2 Yr. CAGR %	-8.62	-1.91	14.21	69.21	8.56
Earnings From Cont. Operations, 2 Yr. CAGR %	-24.14	-27.89	40.74	105.59	9.5
Net Income, 2 Yr. CAGR %	-24.14	-27.89	40.74	105.59	9.5
Normalized Net Income, 2 Yr. CAGR %	-24.05	-28.13	40.53	106.2	9.13
Diluted EPS Before Extra, 2 Yr. CAGR %	-28.92	-27.89	40.74	105.59	1.6
Accounts Receivable, 2 Yr. CAGR %	90.4	30.54	-14.18	-67.84	-20.49
Inventory, 2 Yr. CAGR %	9.09	103.14	61.5	-27.3	-38.82
Net Property, Plant and Equip., 2 Yr. CAGR %	45.14	67.78	3.06	-23	-34.13
Total Assets, 2 Yr. CAGR %	44.01	16.13	0.17	-15.62	-1.23
Tangible Book Value, 2 Yr. CAGR %	83.4	34.19	-23.34	-55.03	13.81
Common Equity, 2 Yr. CAGR %	83.4	34.19	-23.34	-55.03	13.81
Cash From Operations, 2 Yr. CAGR %	44.23	-39.24	-80.26	35.43	812.65
Capital Expenditures, 2 Yr. CAGR %	64.28	-21.85	-31.29	-82.07	-
Levered Free Cash Flow, 2 Yr. CAGR %	134.94	11.06	-37.93	-7.48	124.75
Unlevered Free Cash Flow, 2 Yr. CAGR %	116.2	10.66	-35.03	-18.3	105.46
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	21.78	27.14	-7.89	-5.16	-11.11
Gross Profit, 3 Yr. CAGR %	29.49	32.41	-7.49	-16.43	-15.31
EBITDA, 3 Yr. CAGR %	3.33	-11.36	26.95	11.13	35.12
EBITA, 3 Yr. CAGR %	-0.72	-23.8	33.31	14.9	42.64
EBIT, 3 Yr. CAGR %	-0.79	-23.81	33.31	14.9	42.64
Earnings From Cont. Operations, 3 Yr. CAGR %	-11.73	-28.33	17.2	39.31	54.85
Net Income, 3 Yr. CAGR %	-11.73	-28.33	17.2	39.31	54.85
Normalized Net Income, 3 Yr. CAGR %	-11.73	-28.6	17.35	38.96	55.04
Diluted EPS Before Extra, 3 Yr. CAGR %	-21.51	-31.38	17.2	39.31	47.3
Accounts Receivable, 3 Yr. CAGR %	64.16	77.21	-6.5	-45.85	-32.81
Inventory, 3 Yr. CAGR %	6.61	53.07	52.85	16.79	-31.33
Net Property, Plant and Equip., 3 Yr. CAGR %	7.79	48.37	24.47	-2.77	-33.26
Total Assets, 3 Yr. CAGR %	37.79	36.95	2.99	-4.1	-7.55
Tangible Book Value, 3 Yr. CAGR %	139.55	59.37	-4.19	-37.57	-14.16
Common Equity, 3 Yr. CAGR %	138.11	59.37	-4.19	-37.57	-14.16
Cash From Operations, 3 Yr. CAGR %	147.95	22.55	-74.66	17.51	54.24
Capital Expenditures, 3 Yr. CAGR %	47.19	48.58	-38.09	-66.07	-
Levered Free Cash Flow, 3 Yr. CAGR %	42.44	79.13	-23.02	-3.75	23.17
Unlevered Free Cash Flow, 3 Yr. CAGR %	38.65	69.96	-21.04	-11.16	19.27
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.88	12.19	10	9.6	-7.36
Gross Profit, 5 Yr. CAGR %	7.07	10.2	6.94	5.89	-5.34
EBITDA, 5 Yr. CAGR %	15.64	3.91	4.88	10.98	20.03
EBITA, 5 Yr. CAGR %	19.32	-8.39	5	4.84	22.8
EBIT, 5 Yr. CAGR %	19.09	-8.45	4.96	4.84	22.8
Earnings From Cont. Operations, 5 Yr. CAGR %	5.41	-12.68	6.38	9.24	14.06
Net Income, 5 Yr. CAGR %	5.41	-12.68	6.38	9.24	14.06
Normalized Net Income, 5 Yr. CAGR %	4.97	-12.9	6.32	9.13	13.99
Diluted EPS Before Extra, 5 Yr. CAGR %	-7.52	-20.86	-0.86	6.43	10.69
Accounts Receivable, 5 Yr. CAGR %	34.24	39.48	26.64	-10.46	-12.37
Inventory, 5 Yr. CAGR %	9.7	33.79	25.88	13.65	5.97
Net Property, Plant and Equip., 5 Yr. CAGR %	-14.45	0.57	5.87	14.13	-3.5
Total Assets, 5 Yr. CAGR %	8.93	21.04	21.29	12.84	1.28
Tangible Book Value, 5 Yr. CAGR %	41.86	18	51.87	-3.93	2.64
Common Equity, 5 Yr. CAGR %	41.33	17.9	51.32	-3.93	2.64
Cash From Operations, 5 Yr. CAGR %	9.51	-10.38	-9.89	27.55	6.26
Capital Expenditures, 5 Yr. CAGR %	82.71	25.48	8.52	-36.23	-
Levered Free Cash Flow, 5 Yr. CAGR %	-3.13	8.01	2.17	37.53	18.17
Unlevered Free Cash Flow, 5 Yr. CAGR %	-5.07	10.14	2.39	26.79	15.75