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…
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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…
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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).…
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 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…
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 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 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…
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…
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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…
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…
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…
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…
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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…
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