EDAP TMS S.A.
Parc Activite La Poudrette Lamartine
4/6 Rue du Dauphine
69120 Vaulx-en-Velin - France
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: May 17, 2023
EDAP TMS S.A.
/s/ FRANCOIS DIETSCH
FRANCOIS DIETSCH
CHIEF FINANCIAL OFFICER
EDAP Announces First Quarter 2023
Financial Results
- Record first quarter
revenue -
- Positive results
from two studies reconfirm safety and efficacy of Focal One -
- Company to host conference
call and webcast today, Wednesday, May 17that 8:30 am EDT -
LYON, France, May 17,
2023 - EDAP TMS SA (Nasdaq: EDAP), the global leader in robotic energy-based therapies, announced today unaudited financial results for
the first quarter ended March 31, 2023.
“After achieving
record results in the fourth quarter of 2022, we continued to see growing demand through the first quarter of 2023, with our strongest
Q1 revenue performance on record,” said Ryan Rhodes, Chief Executive Officer of EDAP. “We placed seven Focal One units, including
six equipment sales and one operating lease. Based upon the positive feedback from urologists, particularly at this year’s recent
EAU & AUA meetings, we expect momentum for the Focal One platform to continue throughout 2023, driven by our state-of-the-art technology,
our positive clinical outcomes demonstrating excellent oncologic control, and our world-class sales and customer support team.”
“Beyond our commercial
performance, we also announced positive results from two clinical studies utilizing Focal One, both conducted at leading academic urology
centers. Results from these studies clearly demonstrate the safety, efficacy, and benefits of Focal One that support both continued growth
and increased utilization of the technology. As Focal One continues to grow, we are also making commercial progress in other areas. We
recently received approval of ExactVuTM micro-ultrasound in Japan, representing a significant regulatory milestone for EDAP
that introduces this innovative platform to the world’s second largest medical device market. As we continue to invest in expanding
both clinical and commercial activities to drive bottom line performance, we maintain a strong cash position to support both short and
long-term growth.”
Business Update:
| · | Placed six Focal One machines in the U.S., including
five equipment sales and one operating lease. One additional Focal One unit was sold outside of the U.S. in the first quarter of 2023.
We observed continued strong momentum in securing new placements across both academic medical centers and community hospitals, as clinicians
and providers increasingly recognize Focal One HIFU as an essential option for select patients diagnosed with prostate cancer. |
| · | In January, the Company announced positive clinical
results from the Endo-HIFU-R1 Phase 2 study evaluating the safety of therapeutic HIFU for the treatment of rectal endometriosis. Of the
60 patients evaluated, 96.7% demonstrated positive safety with no or non-significant adverse events (Clavien 1), 3.3% presented Clavien
2 complications and zero patients presented Clavien 3 complications. Positive effects were also observed in endometriosis symptom reduction
and improvement of quality of life at one, three and six months. A significant reduction of the volume of lesions was also observed upon
MRI evaluation at six months. |
| · | In March, the Company announced positive results
from the largest, multicenter, non-inferiority study ever conducted to prospectively evaluate HIFU against radical prostatectomy (RP)
as a first line treatment for patients with localized prostate cancer (grade groups <3) at the 38th Annual Congress of the European
Association of Urology (EAU). Results demonstrated salvage treatment free survival rate (STFS) at 30 months of 90.1% in the HIFU-treated
arm versus 86.8% in patients who underwent RP. In addition, risk of salvage treatment was greater than 1.2-fold higher after RP. International
Continence Society (ICS) scores as a measure of urinary incontinence were significantly lower after HIFU and IIEF-5 as a measure of erectile
function decreased significantly less after HIFU than after RP, despite the HIFU-treated group being an average of 9.6 years older. |
| · | In April, EDAP received approval from Japan’s
Pharmaceutical and Medical Devices Agency (“PMDA”) for commercialization of ExactVu. ExactVu is a 29 MHz micro-ultrasound
platform allowing urologists unparalleled visualization of prostate ultrasound images, detection of suspicious areas in real-time and
biopsy results representing cancer aggressiveness. The Japanese market is the second largest global market for advanced medical device
technology, with prostate cancer as the most common cancer diagnosis in Japanese men with over 100,000 new prostate cancer diagnoses annually. |
| · | Also in April, the Company hosted a global webcast
featuring a live broadcast of a Focal One procedure performed by Andre Abreu, MD and Amir H. Lebastchi, MD, Assistant Professors of Clinical
Urology at Keck Medicine of the University of Southern California (USC), the first U.S. institution to acquire and adopt EDAP’s
robotic HIFU technology. |
| · | Several plenary presentations and instructional
courses were delivered by leading academic urologists at the Annual Meeting of the American Urological Association (AUA), held April 28th
to May 1st, showcasing the Focal One platform’s ability to meet accepted oncological standards for management of prostate
cancer, while preserving sexual function and urinary control. Additionally, ExactVu was featured in the AUA Accredited Hands-on Ultrasound
Skills Training Course under the guidance of expert faculty. |
First Quarter 2023
Results
Total revenue for the first quarter 2023 was EUR
14.8 million (USD 15.9 million), an increase of 13.8% as compared to total revenue of EUR 13.0 million (USD 14.5 million) for the same
period in 2022.
Total revenue in the HIFU business for the first
quarter 2023 was EUR 5.3 million (USD 5.7 million), an increase of 39.5% as compared to EUR 3.8 million (USD 4.3 million) for the first
quarter of 2022. The increase was driven by six Focal One units sold in the first quarter 2023 versus four units sold in the first quarter
2022.
Total revenue in the LITHO business for the first
quarter 2023 was EUR 2.8 million (USD 3.0 million), as compared to EUR 2.2 million (USD 2.5 million) for the first quarter of 2022. The
improvement was driven by four lithotripsy unit sold in the first quarter of 2023 as compared to one unit sold in the first quarter of
2022.
Total revenue in the Distribution business for
the first quarter 2023 was EUR 6.8 million (USD 7.3 million), as compared to EUR 7.0 million (USD 7.8 million) for the first quarter of
2022. The decrease was driven primarily by eight ExactVu units sold during the first quarter of 2023 as compared to nine units sold during
the first quarter of 2022.
Gross profit for the first quarter 2023 was EUR
6.0 million (USD 6.5 million), compared to EUR 5.8 million (USD 6.4 million) for the year-ago period. Gross profit margin on net sales
was 40.8% in the first quarter of 2023, compared to 44.3% in the year-ago period. The decrease in gross profit rate year-over-year was
primarily due to investments in service and applications in the U.S.
Operating expenses were EUR 12.6 million (USD
13.6 million) for the first quarter of 2023, compared to EUR 5.9 million (USD 6.6 million) for the same period in 2022. The significant
increase in operating expenses is mainly due to the ongoing build-out of the U.S. team and commercial infrastructure, and non-recurring
expenses linked to the leadership succession plan.
Operating loss for the first quarter of 2023 was
EUR 6.6 million (USD 7.1 million), compared to an operating loss of EUR 0.1 million (USD 0.1 million) in the first quarter of 2022.
Net loss for the first quarter of 2023 was EUR
7.5 million (USD 8.1 million), or EUR 0.2 per diluted share, as compared to net income of EUR 0.4 million (USD 0.4 million), or EUR 0.01
per diluted share in the year-ago period.
As of March 31, 2023, the company held cash and
cash equivalents of EUR 58.3 million (USD 63.4 million) as compared to EUR 63.1 million (USD 67.5 million) as of December 31, 2022.
Conference Call
A conference call and webcast to discuss first
quarter 2023 financial results will be hosted by Ryan Rhodes, Chief Executive Officer, François Dietsch, Chief Financial Officer
and Ken Mobeck, Chief Financial Officer of the U.S. subsidiary, today Wednesday, May 17th, 2023 at 8:30am EDT. Please refer
to the information below for conference call dial-in information and webcast registration.
| Date: | |
Wednesday, May 17th @ 8:30am Eastern Time |
| Domestic: | |
1-877-451-6152 |
| International: | |
1-201-389-0879 |
| Passcode: | |
13738488 |
| CallMe™: | |
LINK (active15 minutes prior to conference call) |
| Webcast: | |
https://viavid.webcasts.com/starthere.jsp?ei=1612697&tp_key=a5bd40c443 |
About the Endo-HIFU-R1 Phase 2 Study
The Endo-HIFU-R1 Phase 2 study was designed and
conducted to evaluate the safety and efficacy of therapeutic high-Intensity focused ultrasound (HIFU) for the treatment of rectal endometriosis
with EDAP’s Focal One® Robotic HIFU device. At six-months follow up, of the 60 patients enrolled and treated with Focal One
HIFU across four centers in France between August 2020 and March 2022, 96.7% demonstrated positive safety with no or non-significant adverse
events (Clavien 1), 3.3% presented Clavien 2 complications and zero patients presented Clavien 3 complications. Additional endpoints included
evaluation of the effect of HIFU treatment on endometriosis symptoms and Quality of Life (QoL). A significant decrease in endometriosis
symptom level (acute pelvic pain, dyspareunia, diarrhea, constipation, rectal bleeding, false urges, tenesmus, rectal spams, posterior
pelvic pain and asthenia) and an improvement in almost all evaluated QoL criteria (physical functioning, role limitation due to emotional
problems, energy – fatigue, emotional well-being, social functioning, bodily pain, general health, and on physical and mental global
score components) were observed at the first post-treatment evaluation at one month, and those benefits were maintained at three and six
months following HIFU treatment. The study also blindly evaluated the evolution of nodule volume via MRI, with a significant reduction
of the volume of lesions observed at six months. Results from the study were presented by study coordinator, Pr. Gil Dubernard of Croix
Rousse University Hospital (Lyon, France) at the Paris Santé Femmes French Congress on Friday, January 27, 2023.
About EDAP TMS SA
A recognized leader in the global therapeutic
ultrasound market. EDAP TMS develops, manufactures, promotes and distributes worldwide minimally invasive medical devices for various
pathologies using ultrasound technology. By combining the latest technologies in imaging and treatment modalities in its complete range
of Robotic HIFU devices, EDAP TMS introduced the Focal One® in Europe and in the U.S. as an answer to all requirements for ideal
prostate tissue ablation. With the addition of the ExactVu™ Micro-Ultrasound device, EDAP TMS is now the only company offering
a complete solution from diagnostics to focal treatment of Prostate Cancer. EDAP TMS also produces and distributes other medical equipment
including the Sonolith® i-move lithotripter and lasers for the treatment of urinary tract stones using extra-corporeal shockwave
lithotripsy (ESWL). For more information on the Company, please visit http://www.edap-tms.com, us.hifu-prostate.com and www.focalone.com.
Forward-Looking Statements
In addition to historical
information, this press release contains forward-looking statements within the meaning of applicable federal securities laws, including
Section 27A of the U.S. Securities Act of 1933 (the “Securities Act”) or Section 21E of the U.S. Securities Exchange Act of
1934, which may be identified by words such as “believe,” “can,” “contemplate,” “could,”
“plan,” “intend,” “is designed to,” “may,” “might,” “potential,”
“objective,” “target,” “project,” “predict,” “forecast,” “ambition,”
“guideline,” “should,” “will,” “estimate,” “expect” and “anticipate,”
or the negative of these and similar expressions, which reflect our views about future events and financial performance. Such statements
are based on management's current expectations and are subject to a number of risks and uncertainties, including matters not yet known
to us or not currently considered material by us, and there can be no assurance that anticipated events will occur or that the objectives
set out will actually be achieved. Important factors that could cause actual results to differ materially from the results anticipated
in the forward-looking statements include, among others, the clinical status and market acceptance of our HIFU devices and the continued
market potential for our lithotripsy and distribution divisions, as well as risks associated with the current worldwide inflationary environment,
the uncertain worldwide economic, political and financial environment, geopolitical instability, climate change and pandemics like the
COVID 19 pandemic, or other public health crises, and their related impact on our business operations, including their impacts across
our businesses or demand for our devices and services.
Other factors that may
cause such a difference may also include, but are not limited to, those described in the Company's filings with the Securities and Exchange
Commission and in particular, in the sections "Cautionary Statement on Forward-Looking Information" and "Risk Factors"
in the Company's Annual Report on Form 20-F.
Forward-looking statements
speak only as of the date they are made. Other than required by law, we do not undertake any obligation to update them in light of new
information or future developments. These forward-looking statements are based upon information, assumptions and estimates available to
us as of the date of this press release, and while we believe such information forms a reasonable basis for such statements, such information
may be limited or incomplete.
Company Contact
Blandine Confort
Investor Relations / Legal Affairs
EDAP TMS SA
+33 4 72 15 31 50
bconfort@edap-tms.com
Investor Contact
John Fraunces
LifeSci Advisors, LLC
(917) 355-2395
jfraunces@lifesciadvisors.com
EDAP TMS S.A.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS
(Amounts in thousands of Euros and U.S. Dollars,
except per share data)
| | |
Three Months Ended: | |
Three Months Ended: |
| | |
March 31, | |
March 31, | |
March 31, | |
March 31, |
| | |
2023 | |
2022 | |
2023 | |
2022 |
| | |
Euros | |
Euros | |
$US | |
$US |
| Sales of medical equipment | |
| 10,319 | | |
| 8,966 | | |
| 11,121 | | |
| 10,021 | |
| Net Sales of RPP and Leases | |
| 1,579 | | |
| 1,317 | | |
| 1,701 | | |
| 1,472 | |
| Sales of spare parts, supplies and Services | |
| 2,897 | | |
| 2,715 | | |
| 3,123 | | |
| 3,035 | |
| TOTAL NET SALES | |
| 14,795 | | |
| 12,998 | | |
| 15,945 | | |
| 14,527 | |
| Other revenues | |
| — | | |
| — | | |
| — | | |
| — | |
| TOTAL REVENUES | |
| 14,795 | | |
| 12,998 | | |
| 15,945 | | |
| 14,527 | |
| Cost of sales | |
| (8,764 | ) | |
| (7,238 | ) | |
| (9,445 | ) | |
| (8,090 | ) |
| GROSS PROFIT | |
| 6,032 | | |
| 5,760 | | |
| 6,500 | | |
| 6,437 | |
| Research & development expenses | |
| (1,458 | ) | |
| (1,081 | ) | |
| (1,571 | ) | |
| (1,208 | ) |
| S, G & A expenses | |
| (11,130 | ) | |
| (4,787 | ) | |
| (11,995 | ) | |
| (5,351 | ) |
| Total operating expenses | |
| (12,588 | ) | |
| (5,868 | ) | |
| (13,566 | ) | |
| (6,559 | ) |
| OPERATING PROFIT (LOSS) | |
| (6,556 | ) | |
| (109 | ) | |
| (7,066 | ) | |
| (122 | ) |
| Interest (expense) income, net | |
| 256 | | |
| (29 | ) | |
| 276 | | |
| (32 | ) |
| Currency exchange gains (loss), net | |
| (1,145 | ) | |
| 569 | | |
| (1,234 | ) | |
| 636 | |
| INCOME (LOSS) BEFORE TAXES AND MINORITY INTEREST | |
| (7,445 | ) | |
| 432 | | |
| (8,024 | ) | |
| 483 | |
| Income tax (expense) credit | |
| (46 | ) | |
| (72 | ) | |
| (49 | ) | |
| (81 | ) |
| NET INCOME (LOSS) | |
| (7,491 | ) | |
| 360 | | |
| (8,073 | ) | |
| 402 | |
| Earning per share – Basic | |
| (0.20 | ) | |
| 0.01 | | |
| (0.22 | ) | |
| 0.01 | |
| Average number of shares used in computation of EPS | |
| 36,922,286 | | |
| 33,466,136 | | |
| 36,922,286 | | |
| 33,466,136 | |
| Earning per share – Diluted | |
| (0.20 | ) | |
| 0.01 | | |
| (0.22 | ) | |
| 0.01 | |
| Average number of shares used in computation of EPS for positive net income | |
| 36,922,286 | | |
| 34,031,361 | | |
| 36,922,286 | | |
| 34,031,361 | |
NOTE: Translated for convenience of the
reader to U.S. dollars at the 2023 average three months’ noon buying rate of 1 Euro = 1.0777 USD, and 2022 average three months
noon buying rate of 1 Euro = 1.1177 USD
EDAP TMS S.A.
UNAUDITED CONSOLIDATED BALANCE SHEETS HIGHLIGHTS
(Amounts in thousands of Euros and U.S. Dollars)
| | |
March 31, | |
December 31, | |
March 31, | |
December 31, |
| | |
2023 | |
2022 | |
2023 | |
2022 |
| | |
Euros | |
Euros | |
$US | |
$US |
| Cash, cash equivalents and short-term treasury investments | |
| 58,310 | | |
| 63,136 | | |
| 63,394 | | |
| 67,539 | |
| Account receivables, net | |
| 17,297 | | |
| 14,943 | | |
| 18,805 | | |
| 15,985 | |
| Inventory | |
| 12,449 | | |
| 11,780 | | |
| 13,535 | | |
| 12,601 | |
| Other current assets | |
| 1,116 | | |
| 660 | | |
| 1,213 | | |
| 706 | |
| TOTAL CURRENT ASSETS | |
| 89,171 | | |
| 90,518 | | |
| 96,946 | | |
| 96,832 | |
| Property, plant and equipment, net | |
| 6,969 | | |
| 5,984 | | |
| 7,577 | | |
| 6,401 | |
| Goodwill | |
| 2,412 | | |
| 2,412 | | |
| 2,622 | | |
| 2,580 | |
| Other non-current assets | |
| 2,214 | | |
| 2,210 | | |
| 2,407 | | |
| 2,364 | |
| TOTAL ASSETS | |
| 100,766 | | |
| 101,123 | | |
| 109,552 | | |
| 108,177 | |
| Accounts payable & other accrued liabilities | |
| 18,134 | | |
| 13,087 | | |
| 19,715 | | |
| 14,000 | |
| Deferred revenues, current portion | |
| 4,076 | | |
| 4,050 | | |
| 4,431 | | |
| 4,333 | |
| Short term borrowing | |
| 1,358 | | |
| 1,846 | | |
| 1,477 | | |
| 1,975 | |
| Other current liabilities | |
| 2,687 | | |
| 2,725 | | |
| 2,921 | | |
| 2,916 | |
| TOTAL CURRENT LIABILITIES | |
| 26,255 | | |
| 21,708 | | |
| 28,544 | | |
| 23,223 | |
| Obligations under operating and finance leases non-current | |
| 1,074 | | |
| 1,222 | | |
| 1,168 | | |
| 1,308 | |
| Long term debt, non-current | |
| 3,183 | | |
| 3,587 | | |
| 3,460 | | |
| 3,837 | |
| Deferred revenues, non-current | |
| 549 | | |
| 264 | | |
| 597 | | |
| 282 | |
| Other long term liabilities | |
| 2,753 | | |
| 2,710 | | |
| 2,993 | | |
| 2,899 | |
| TOTAL LIABILITIES | |
| 33,813 | | |
| 29,492 | | |
| 36,761 | | |
| 31,549 | |
| TOTAL SHAREHOLDERS’EQUITY | |
| 66,953 | | |
| 71,632 | | |
| 72,791 | | |
| 76,628 | |
| TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY | |
| 100,766 | | |
| 101,123 | | |
| 109,552 | | |
| 108,177 | |
NOTE: Translated
for convenience of the reader to U.S. dollars at the noon buying rate of 1 Euro = 1.0872 USD, on March 31, 2023 and at the
noon buying rate of 1 Euro = 1.0697 USD, on December 31, 2022.
EDAP TMS S.A.
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Amounts in thousands of Euros)
| | |
Three Months Ended | |
Twelve Months Ended | |
Three Months Ended | |
Twelve Months Ended |
| | |
March 31, | |
December 31, | |
March 31, | |
December 31, |
| | |
2023 | |
2022 | |
2023 | |
2022 |
| | |
(Euros) | |
(Euros) | |
($US) | |
($US) |
| NET INCOME (LOSS) | |
| (7,491 | ) | |
| (2,933 | ) | |
| (8,073 | ) | |
| (3,085 | ) |
| Adjustments to reconcile net income (loss) to net cash generated by (used in) operating activities(1) | |
| 4,626 | | |
| 4,225 | | |
| 4,985 | | |
| 4,444 | |
| OPERATING CASH FLOW | |
| (2,865 | ) | |
| 1,292 | | |
| (3,087 | ) | |
| 1,359 | |
| Increase/Decrease in operating assets and liabilities | |
| 71 | | |
| (4,316 | ) | |
| 76 | | |
| (4,539 | ) |
| NET CASH GENERATED BY (USED IN) OPERATING ACTIVITIES | |
| (2,794 | ) | |
| (3,024 | ) | |
| (3,011 | ) | |
| (3,180 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Additions to capitalized assets produced by the company and other capital expenditures | |
| (1,519 | ) | |
| (2,378 | ) | |
| (1,637 | ) | |
| (2,501 | ) |
| NET CASH GENERATED BY (USED IN) INVESTING ACTIVITIES | |
| (1,519 | ) | |
| (2,378 | ) | |
| (1,637 | ) | |
| (2,501 | ) |
| NET CASH GENERATED BY (USED IN) FINANCING ACTIVITIES | |
| (858 | ) | |
| 21,741 | | |
| (925 | ) | |
| 22,869 | |
| NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | |
| 346 | | |
| (388 | ) | |
| 1,428 | | |
| (3,053 | ) |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | |
| (4,826 | ) | |
| 15,952 | | |
| (4,145 | ) | |
| 14,134 | |
(1)
including share based compensation expenses for 2,660 thousand of Euros for the three months
ended March 31, and 2,103 thousand of Euros for the full year ended December 31, 2022.
NOTE: Translated
for convenience of the reader to U.S. dollars at the 2023 average three months’ noon buying rate of 1 Euro = 1.0777 USD, and 2022
average twelve months noon buying rate of 1 Euro = 1.0519 USD
EDAP TMS S.A.
UNAUDITED CONDENSED STATEMENTS OF OPERATIONS
BY DIVISION
three months ended March 31, 2023
(Amounts in thousands of Euros)
| | |
HIFU | |
| |
ESWL | |
| |
Distribution | |
| |
Reconciling | |
Total After | |
|
| | |
Division | |
| |
Division | |
| |
Division | |
| |
Items | |
Consolidation | |
|
| Sales of goods | |
| 3,462 | | |
| | | |
| 1,148 | | |
| | | |
| 5,709 | | |
| | | |
| — | | |
| 10,319 | | |
| | |
| Sales of RPPs & Leases | |
| 1,242 | | |
| | | |
| 272 | | |
| | | |
| 64 | | |
| | | |
| — | | |
| 1,579 | | |
| | |
| Sales of spare parts & services | |
| 546 | | |
| | | |
| 1,365 | | |
| | | |
| 986 | | |
| | | |
| — | | |
| 2,897 | | |
| | |
| TOTAL NET SALES | |
| 5,251 | | |
| | | |
| 2,785 | | |
| | | |
| 6,760 | | |
| | | |
| — | | |
| 14,795 | | |
| | |
| Other revenues | |
| — | | |
| | | |
| — | | |
| | | |
| — | | |
| | | |
| — | | |
| — | | |
| | |
| TOTAL REVENUES | |
| 5,251 | | |
| | | |
| 2,785 | | |
| | | |
| 6,760 | | |
| | | |
| — | | |
| 14,795 | | |
| | |
| GROSS PROFIT (% of Net Sales) | |
| 2,647 | | |
| 50.4 | % | |
| 1,113 | | |
| 40.0 | % | |
| 2,271 | | |
| 33.6 | % | |
| — | | |
| 6,032 | | |
| 40.8 | % |
| Research & Development | |
| (1,138 | ) | |
| | | |
| (197 | ) | |
| | | |
| (122 | ) | |
| | | |
| — | | |
| (1,458 | ) | |
| | |
| Total SG&A plus depreciation | |
| (4,485 | ) | |
| | | |
| (1,137 | ) | |
| | | |
| (2,761 | ) | |
| | | |
| (2,747 | ) | |
| (11,130 | ) | |
| | |
| OPERATING PROFIT (LOSS) | |
| (2,976 | ) | |
| | | |
| (222 | ) | |
| | | |
| (611 | ) | |
| | | |
| (2,747 | ) | |
| (6,556 | ) | |
| | |