Q2 2025 Senzime AB (publ) Earnings Call Transcript
Key Points
- Senzime AB (SNZZF) reported a 90% growth in sales in local currencies, driven by the new next-gen TetraGraph and TetraSens disposable sensors.
- The installed base of TetraGraph units has surpassed 4,100, with over 727 units shipped in Q2 alone.
- Gross margin improved year-to-date despite currency and tariff impacts, with an underlying adjusted gross margin of 68.4%.
- The company has quadrupled its business in the US over the past two years, with sales growing over 100% in Q2.
- Senzime AB (SNZZF) successfully raised 110.4 million Swedish kroner through a directed share issue, which was oversubscribed, indicating strong investor confidence.
- The company faced a gross margin hit in Q2 due to new US tariffs, currency fluctuations, and one-time replacements of older TetraGraph units.
- Currency effects, particularly the strong SEK, negatively impacted the gross margin by 3.2%.
- The European and Asian markets are experiencing slower growth compared to the US, with longer sales cycles and reliance on legacy technology.
- Sensor sales were flat compared to Q1, indicating potential variability in hospital purchasing patterns.
- The company is still working to mitigate the impact of tariffs through price adjustments, which may take time to reflect in financial results.
Hello and welcome to DNB Carnegie and this Q2 presentation with Sunsim and its CEO Philip Sibert. My name is Klaus Poly, and I will be hosting the Q&A session. But first, we will be listening to a Q2 presentation, and please go ahead, Philip, with the presentation.
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Okay, thank you, Claus. Nice to be here on Li.
Let's start by a little bit of a summary of of the kind of the first six months of 2025. So good momentum, sales grew in local currencies with 90%, strong boost by our new next gen tetrograph and the disposable sensors, the Tetrasens. If we look at currency adjusted or or the actual currency growth was 82% and we reached just under 50 million or 49.2 million.
Deliveries of sensors, which is the important KPI here for seeing recurring use, grew over 100%. The installed base of tetrographs is now over 4,100.
Gross margin over the 1st 6 months has actually increased, and
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