Coala-Life Group AB's CTO, Magnus Samuelsson, and International Sales and Marketing Director, Tomas Tiseus will leave the company as part of the company's cost-reduction program announced autumn 2023. The change has no impact on the US business. They will remain in their positions until the end of December as agreed with the company. About us…
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, BELARUS, JAPAN, CANADA, HONG KONG, NEW ZEELAND, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE ANY OTHER MEASURES THAN REQUIRED BY SWEDISH LAW. At…
Coala Life today announces a change of Certified Adviser from Erik Penser Bank AB to Carnegie Investment Bank AB (publ). Coala Life has entered into an agreement with Carnegie Investment Bank AB (publ) regarding the position as Certified Adviser. Carnegie Investment Bank AB (publ) will take over as Certified Adviser on November 30, 2023. Until…
Third quarter 2023 Net sales increased to SEK 14.1 M (5.0). EBITDA amounted to SEK -30.0 M (-27.8). Operating income totaled SEK -32.3 M (-28.2). Profit after tax was SEK -31.4 M (-18.5). Earnings per share was SEK -0.1 (-0.3). Cash flow from operating activities was SEK -6.4 M (-36.1). The period, January 1, 2023…
The shareholders in Coala-Life Group AB (publ) (the “Company”), reg. no. 556495-4682, are hereby given notice to attend an extraordinary general meeting at 10:00 a.m. on Friday 22 December 2023 at Setterwalls Advokatbyrå’s offices at address Sturegatan 10 in Stockholm. The board of directors has decided, pursuant to Chapter 7, Section 4, Paragraph 2 of…
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, WHETHER DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, BELARUS OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION FURTHER REQUIRES PROSPECTUS, REGISTRATION, OR OTHER ACTIONS OTHER THAN THOSE UNDER SWEDISH LAW, ARE PROHIBITED, OR OTHERWISE…
Coala Life Group today provides preliminary figures for the quarterly report that will be published on 23 November 2023 as well as key figures for October 2023 Third quarter 2023 Net sales increased to approximately SEK 14 M (5.0). EBITDA amounted to approximately SEK -30 M (-27.8). Operating income totaled approximately SEK -32 M (-28.2).…
Key figures for August 2023: Patients in remote monitoring as of September 30, 2023: 4,400 Annualized revenue as of September 30, 2023: $5.0 million Explanations of key figuresPatients in remote monitoring as of September 30, 2023 – The number of patients the company monitored remotely at the end of September.Annualized revenue as of September 30,…
Coala-Life Group AB (publ) (“Coala Life” or the “Company”) today announces the outcome of the exercise of warrants of series TO 1 (the “Warrants”), which were issued in conjunction with the Company’s rights issue of units during the first quarter of 2023. In total, 74,803,059 Warrants were exercised for the subscription of 24,934,353 new shares…
Coala Life's CEO, Dan Pitulia, has on September 20 acquired 12,000,000 subscription rights for approximately SEK 6 thousand with an average price of SEK 0.0005 and subscribed for 4,000,000 shares via a pension insurance for SEK 1 million, with an average price of SEK 0.25 per share on Nasdaq First North Growth Market. About us…
Coala-Life Group AB (publ) (“Coala Life” or the “Company”) has received subscription commitments and declarations of intent to subscribe through exercise of warrants of series TO 1 (the “Warrants”). The subscription commitments and declarations of intent to subscribe amount to approximately SEK 5.6 million in total, corresponding to approximately 40.4 per cent of the Warrants.…
Coala-Life Group AB (publ) ("Coala Life" or the "Company") has today, September 19, 2023, entered into a bridge loan agreement with an external lender of SEK 5 million to secure short-term liquidity needs of the Company. Coala Life’s working capital is, due to payment terms with a payment time of approximately three months, to a…
KPI’s August 2023: Patients in RPM as of August 31, 2023: 4,400 Annual revenue rate as of August 31, 2023: 5.2 MUSD Explanations of KPI’sPatients in RPM as of August 31, 2023 – Number of patients that the company monitors in USA at the end of August.Annual revenue rate as of August 31, 2023 –…
Coala-Life Group AB (publ) (“Coala Life” or the “Company”) issued, in conjunction with a rights issue of units during the first quarter of 2023, a total of 164,979,967 warrants of series TO 1 (the “Warrants”). The exercise period for the Warrants begins today, September 11, 2023, and runs until and including September 22, 2023. Three…
The company is initiating a cost-saving program that will reduce ongoing operating costs while linking sales resources to performance. The program will start immediately and will have an effect already in October 2023. Fully implemented in January 2024, Coala Life's total operating costs will be reduced by approximately 30 percent. The background to the cost…
Coala Life's CEO, Dan Pitulia, has subscribed for 10,526,316 shares through a pension insurance on 30 August 2023 for SEK 4 million, with a subscription price of SEK 0.38 per share outside the Nasdaq First North Growth Market. The right to subscribe for the shares was resolved at an extraordinary general meeting on 31 July…
Coala Life today proudly announces that its portable ECG solution, Coala Heart Monitor, has been certified as a Class IIa medical device in conformity with the new European Medical Device Regulation 2017/745 (MDR). This is an important milestone for the company and a prerequisite to be able to expand the company's offer in Europe and…
Coala-Life Group AB's CFO, Richard Roa, has at his own request chosen to end his employment for new challenges outside the company. Richard Roa will remain in the company's service until the end of September. Coala Life’s controller, Robin Danielsson Källmark, is appointed interim CFO as of September 1. Coala Life has initiated the process…
Coala Life's CEO, Dan Pitulia, has acquired 300,000 shares on August 22, 2023 for approximately SEK 0.1 million, with an average price of SEK 0.338 per share on Nasdaq First North Growth Market. About us Coala-Life Group AB (“Coala Life” or the “Company”) founded in 2015, is a Cloud Based Software as a Service provider,…
KPI’s July 2023: Patients in RPM as of July 31, 2023: 4,100 Annual revenue rate as of July 31, 2023: 5.0 MUSD Explanations of KPI’sPatients in RPM as of July 31, 2023 – Number of patients that the company monitors in USA at the end of July.Annual revenue rate as of July 31, 2023 –…
Coala Life issues corrections to Coala Life's Quarterly Report Two 2023 published on August 11 and to the press release "Coala-Life Group AB quarter two 2023" with the same publication date. Gross profit and subsequent profit measures, SEK 1.4 million better after correction. The quarterly report contained incorrect information regarding the Group's costs and thus…
Second quarter 2023 Net sales increased to SEK 14.1 M (1.6). EBITDA amounted to SEK -29.8 M (-40.7). Operating income totaled SEK -32.3 M (-41.4). Profit after tax was SEK -29.2 M (-38.5). Earnings per share was SEK -0.1 (-0.6). Cash flow from operating activities was SEK -27.3 M (-50.9). The period, January 1, 2023…
Coala Life has passed an independently performed security review through an external audit and received its ISO 27001 re-certification according to the new updated standard of ISO 27001:2022. The ISO (International Organization for Standardization) is an independent, organization that sets global standards for security and safety. ISO 27001, which is part of a family of…
Emma Strömfelt has informed the Board of Directors of Coala-Life Group AB (publ) that she for personal reasons leaves her position as a Board member with immediate effect. Emma Strömfelt has been a board member of Coala Life since the Annual General Meeting in the spring of 2023. We regret that Emma Strömfelt's time on…
At the extraordinary general meeting in Coala-Life Group AB (publ) (the “Company”) held today, on 31 July 2023, the following resolutions were passed in accordance with the proposals presented in the notice to attend the meeting and the complete proposals kept available on the Company’s website www.coalalife.com. The extraordinary general meeting resolved to: approve of…
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO “IMPORTANT INFORMATION” AT THE END…
The shareholders in Coala-Life Group AB (publ) (the “Company”), reg. no. 556495-4682, are hereby given notice to attend an extraordinary general meeting at 10:00 a.m. on Monday 31 July 2023 at Setterwalls Advokatbyrå’s offices at address Sturegatan 10 in Stockholm. The board of directors has decided, pursuant to Chapter 7, Section 4, Paragraph 2 of…
KPI’s June 2023: Patients in RPM as of June 30, 2023: 4,100 Annual revenue rate as of June 30, 2023: 5.6 MUSD Explanations of KPI’sPatients in RPM as of June 30, 2023 – Number of patients that the company monitors in USA at the end of June.Annual revenue rate as of June 30, 2023 –…
According to a newly released report from global healthcare consulting firm Medi-Tech Insight, the US remote patient monitoring (RPM) market will grow in a faster pace than previously anticipated. It is expected to be over $18 billion by 2026 with a CAGR of 25%, according to the report. “We are encouraged by the growth forecast…
Coala Life's CEO, Dan Pitulia, has acquired 700,000 shares on June 29, 2023 for approximately SEK 0.3 million, with an average price of SEK 0.387 per share on the Nasdaq First North Growth Market. About us Coala-Life Group AB (“Coala Life” or the “Company”) founded in 2015, is a Cloud Based Software as a Service…
KPI’s May 2023: Patients in RPM as of May 31, 2023: 3,800 Annual revenue rate as of May 31, 2023: 5.7 MUSD Explanations of KPI’sPatients in RPM as of May 31, 2023 – Number of patients that the company monitors in USA at the end of May.Annual revenue rate as of May 31, 2023 –…
Coala Life has today signed an agreement on financing accounts receivables in USA to strengthen the company’s working capital. The agreement, which cover factoring, has been signed with Sweden-based Aros Kapital. The rapid turnover growth in Coala Life means that the working capital that is tied up in accounts receivable is continuously growing strongly. In…
Stockholm Regional Council will be starting an effort to investigate digital devices in remote patient monitoring this year. Coala Life is one of three partners selected to participate in this pilot project. Around 50 of the patients included in the study have heart conditions, such as atrial fibrillation, and are monitored digitally from their homes.…
KPI’s April 2023: Patients in RPM as of April 30, 2023: 3,700 Annual revenue rate as of April 30, 2023: 5.4 MUSD Explanations of KPI’sPatients in RPM as of April 30, 2023 – Number of patients that the company monitors in USA at the end of April.Annual revenue rate as of April 30, 2023 –…
Coala-Life Group AB (publ) (the “Company” or “Coala-Life”) has held an annual general meeting on 16 May 2023. Below follows a summary of the decisions taken by the annual general meeting (all in accordance with the proposals presented in the notice to attend the meeting kept available at the Company’s website www.coalalife.com). The annual general…
First quarter 2023 Net sales increased to SEK 11.6 M (1.0). EBITDA amounted to SEK -32.2 M (-30.5). Operating income totaled SEK -33.9 M (-31.6). Profit after tax was SEK -35.1 M (-31.4). Earnings per share (weighted) was SEK -0.3 (-0.9). Cash flow from operating activities was SEK -31.3 M (-35.4). Events in the quarter…
Coala-Life Group AB´s annual report for 2022 is available from today on the company´s website www.coalalife.com. Coala-Life Group AB hereby publishes its annual report for 2022. The annual report is available as an attached file or available on the company's website: https://investors.coalalife.com/sv/investerare/finansiella-rapporter-och-presentationer/ About us Coala-Life Group AB (“Coala Life” or the “Company”) founded in 2015,…
The shareholders in Coala-Life Group AB (publ), reg. no. 556495-4682, are hereby given notice to attend the annual general meeting at 10:00 a.m. on Tuesday 16 May 2023 at Setterwalls Advokatbyrå’s offices at address Sturegatan 10 in Stockholm. Registration for the meeting commences 30 minutes before the opening of the meeting. The board of directors…
KPI’s March 2023: Patients in RPM as of March 31, 2023: 3,700 Annual revenue rate as of March 31, 2023: 4.8 MUSD Explanations of KPI’sPatients in RPM as of March 31, 2023 – Number of patients that the company monitors in USA at the end of March.Annual revenue rate as of March 31, 2023 –…
Fourth quarter 2022 Net sales increased to SEK 9.3 M (1.0). EBITDA amounted to SEK -42.9 M (-118.0). Operating income totaled SEK -46.1 M (-120.5). Profit after tax was SEK -53.4 M (-111.0). Earnings per share (weighted) was SEK -0.8 (-6.3). Cash flow from operating activities was SEK -32.0 M (-24.7). The period, January 1,…
Coala Life announces today that the company has renegotiated agreements that includes an additional approximately 20%, 700 patients, regarding the company’s extended service for Managed RPM in USA. Coala Life announced on December 13, 2022 that the extended service means that the revenue per patient where the service is extended will increase by approximately 50%.…
Coala Life announces today that the company has signed renegotiated agreements that include an additional 10 clinics and approximately 1100 connected patients regarding the company’s extended service for Managed RPM in USA. Coala Life announced on December 13, 2022 that the extended service means that the revenue per patient where the service is extended will…
KPI’s February 2023: Patients in RPM as of February 28, 2023: 3,700 Annual revenue rate as of February 28, 2023: 4.6 MUSD Explanations of KPI’sPatients in RPM as of February 28, 2023 – Number of patients that the company monitors in USA at the end of February.Annual revenue rate as of February 28, 2023 –…
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, BELARUS, JAPAN, CANADA, HONG KONG, NEW ZEALAND, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE ANY OTHER MEASURES THAN REQUIRED BY SWEDISH LAW. The…
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, BELARUS, JAPAN, CANADA, HONG KONG, NEW ZEALAND, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE ANY OTHER MEASURES THAN REQUIRED BY SWEDISH LAW Coala-Life…
Non-invasive Coala Heart Monitor has been validated for diagnostic accuracy, compared to reference standard 12-lead-electrocardiogram, to help detect atrial tachyarrhythmia and atrial fibrillation. Coala Life, an innovative Swedish medical device company offering remote patient monitoring solutions, today announce the results of yet another study validating the use of Coala Heart Monitor. In this validation study,…
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, BELARUS, JAPAN, CANADA, HONG KONG, NEW ZEELAND, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE ANY OTHER MEASURES THAN REQUIRED BY SWEDISH LAW. Coala-Life…
KPI’s January 2023: Patients in RPM as of January 31, 2023: 3,800 Annual revenue rate as of January 31, 2023: 3.7 MUSD Explanations of KPI’sPatients in RPM as of January 31, 2023 – Number of patients that the company monitors in USA at the end of January.Annual revenue rate as of January 31, 2023 –…
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, BELARUS, JAPAN, CANADA, HONG KONG, NEW ZEELAND, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE ANY OTHER MEASURES THAN REQUIRED BY SWEDISH LAW. Coala-Life…
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, BELARUS, JAPAN, CANADA, HONG KONG, NEW ZEELAND, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE ANY OTHER MEASURES THAN REQUIRED BY SWEDISH LAW. Coala-Life…
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, JAPAN, CANADA, HONG KONG, NEW ZEELAND, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE ANY OTHER MEASURES THAN REQUIRED BY SWEDISH LAW. Tomorrow, February…
Coala Life announces today that it has signed renegotiated agreements that include 12 clinics and approx. 1,500 monitored patients regarding the company's expanded service for Managed RPM in the USA. Coala Life announced on December 13, 2022, that the expanded service means that the revenue per patient where the service is expanded will increase by…
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, BELARUS, JAPAN, CANADA, HONG KONG, NEW ZEELAND, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE ANY OTHER MEASURES THAN REQUIRED BY SWEDISH LAW. At…
KPI’s December 2022: Patients in RPM as of December 31, 2022: 3,500 Annual revenue rate as of December 31, 2022: 3.6 MUSD Explanations of KPI’sPatients in RPM as of December 31, 2022 – Number of patients that the company monitors in USA at the end of December.Annual revenue rate as of December 31, 2022 –…