SuperSonic Imagine Reports Sales Growth of +13% in Q3 2017 (+16% at Constant Currency)
October 18 2017 - 12:00PM
Business Wire
- 5th straight quarter of double-digit
growth
- Increase in Products (+10%) and strong
increase in Services (+48%)
- Very strong growth in China (+96%) and
France (+32%)
Regulatory News:
SuperSonic Imagine (Euronext: SSI, FR0010526814, PEA-PME
eligible) (Paris:SSI), a company specializing in ultrasound medical
imaging, today announces its sales for the third quarter to
September 30, 2017.
In millions of euros
2017 2016
Change (%) Products 3.908 3.429 +14% %
of total sales 86% 88% Services 0.619 0.474 +31% % of total sales
14% 12%
1st quarter sales 4.527
3.903 +16% % of total sales 100%
100% Products 5.122 4.434
+16% % of total sales 89% 89% Services
0.642 0.522 +23% % of total sales 11%
11%
2nd quarter sales
5.764 4.956 +16% % of
total sales 100% 100% Products
5.680 5.175 +10% % of total sales 88%
91% Services 0.766 0.519 +48% %
of total sales 12% 9%
3rd
quarter sales 6.446 5.694
+13% % of total sales 100% 100%
Products 14.709 13.038 +13% % of total sales 88% 90% Services 2.027
1.515 +34% % of total sales 12% 10%
9-month sales
16.737 14.553 +15% % of total
sales 100% 100% Other revenues (*) - 1,023 -
Total 9-month revenues 16.737 15.576 +7%
Unaudited data(*) these revenues are non recurrent by nature and
are not part of the Company’s core business.
SuperSonic Imagine has recorded a fifth straight quarter of
double-digit growth. In the 3rd quarter of 2017, the Company
generated growth of +13% to €6.45 million compared with the 3rd
quarter of 2016. At constant currency, growth was +16%.The Company
is continuing its solid growth momentum in Product sales, which
increased by +10% to €5.68 million (vs. €5.18 million). At constant
currency, this growth was +12%. Service sales jumped +48% to €766
thousand (vs. €519 thousand) and accounted for 12% of quarterly
sales.
On our priority markets, over the quarter China and France
recorded growth of +96% to €2.07 million (vs. €1.05 million) and
+32% to €1.28 million (vs. €966 thousand) respectively. The United
States saw sales decrease by 45% to €704 thousand (vs. €1.28
million) as the headcount was less than the previous year and the
recruitment and ramp-up took longer than expected for replacement
personnel.. This decrease confirms that the US Sales &
Marketing team is not yet sufficiently staffed. The Company intends
to intensify its efforts in this key market and to ensure a return
to long-term growth.
Over this 3rd quarter, these priority markets recorded growth of
23%, with sales totalling €4.05 million (vs. €3.3 million), or 63%
of total sales. More globally, Asia and EMEA grew by +43% to €2.81
million (vs. €1.96 million) and +18% to €2.72 million (vs. €2.30
million), respectively.
Altogether over the first nine months of the year, SuperSonic
Imagine generated growth of +15% to €16.74 million (vs. €14.55
million). Product sales totalled €14.71 million (vs. €13.04
million), giving growth of +13%, while Service sales increased by
+34% to €2.03 million (vs. €1.52 million).
Therefore, at end-September 2017, China reaffirmed its buoyant
growth (+52% to €5.24 million vs. €3.44 million), as did France
(+23% to €3.53 million vs. €2.88 million), while the United States
recorded a fall (-26% to €2.05 million vs. €2.78 million).
Together, these three priority markets generated solid growth of
+19% to €10.81 million (vs. €9.09 million). Across all regions,
Asia and EMEA grew by +32% to €6.97 million (vs. €5.28 million) and
+21% to €7.44 million (vs. €6.16 million) respectively.
Taking into account other revenue, essentially consisting of
non-recurrent fees to access the Group’s technology, over the first
nine months of 2017 SuperSonic Imagine recorded total revenues of
€16.74 million, up 7% compared with the same period of 2016.
Michèle Lesieur, CEO and President of SuperSonic Imagine,
comments: “I am pleased with the revenue we recorded over the third
quarter that have given us our fifth quarter of double-digit growth
in a row. It should be noted that, over the quarter, the impact of
the euro’s strengthening against the US dollar was significant.
China and France have been our two main growth drivers since the
start of the year, while the decrease observed in the United States
confirms that we need to strengthen our Sales & Marketing
presence there in order to reverse this trend. This third quarter
also saw the launch of our new “Aixplorer Ultimate” product, which
has 4.5 times the computing power of previous models and has a new
design and new user interface. Initial reaction to this new product
from our clients has been extremely positive, and strengthens our
belief in the Company’s bright future.”
About SuperSonic ImagineFounded in 2005 and based in
Aix-en-Provence (France), SuperSonic Imagine is a company
specializing in medical imaging. The company designs, develops and
markets a revolutionary ultrasound system, Aixplorer®, with an
UltraFast™ platform that can acquire images 200 times faster than
conventional ultrasound systems. In addition to providing
exceptional image quality, this unique technology is the foundation
of several innovations which have changed the paradigm of
ultrasound imaging: ShearWave™ Elastography (SWE™), UltraFast™
Doppler, Angio PL.U.S – Planewave UltraSensitive™ Imaging and more
recently TriVu. ShearWave Elastography allows physicians to
visualize and analyze the stiffness of tissue in a real-time,
reliable, reproducible and non-invasive manner. This criteria has
become an important parameter in diagnosing potentially malignant
tissue or other diseased tissue. As of today, over 300
peer-reviewed publications have demonstrated the value of SWE for
the clinical management of patients with a wide range of diseases.
UltraFast Doppler combines Color Flow Imaging and Pulsed Wave
Doppler into one simple exam, providing physicians with exam
results simultaneously and helping to increase patient throughput.
The latest innovation, Angio PL.U.S, provides a new level of
microvascular imaging through significantly improved color
sensitivity and spatial resolution while maintaining exceptional 2D
imaging. SuperSonic Imagine has been granted regulatory clearances
for the commercialization of Aixplorer in key global markets.
SuperSonic Imagine is a listed company since April 2014 on the
Euronext, symbol SSI. For more information about SuperSonic
Imagine, please go to www.supersonicimagine.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20171018005803/en/
SuperSonic ImagineMarketing & CommunicationEmmanuelle
Vella, +33 4 86 79 03
27emmanuelle.vella@supersonicimagine.comorPascale
CommunicationMedia Relations - USAmy Phillips, +1 412 327
9499amy@pascalecommunications.comorNewCapInvestor Relations
– EUPierre Laurent / Florent Alba,
+33144719855supersonicimagine@newcap.fr
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