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Episurf Medical
Episurf Medical (EPIS) investor relations material
Episurf Medical Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary6 Feb, 2026
Executive summary
Achieved significant transformation in 2025, including the acquisition of real estate assets to create a new income-generating business segment alongside the medical device business.
Fourth quarter saw increased order intake and revenue, with a 13% rise in gross order intake to SEK 3.5m and net sales of SEK 3.5m.
Full-year gross order intake grew to SEK 14.8m (up from SEK 13.0m), with net sales at SEK 13.5m (up from SEK 13.0m).
U.S. market showed strong momentum, with a 65% increase in gross order intake and a 120% increase in customer base year-over-year.
Workforce reduced by 30% during the year, contributing to lower operating costs.
Financial highlights
Q4 2025 net sales: SEK 3.5m (Q4 2024: SEK 3.4m); full-year 2025 net sales: SEK 13.5m (2024: SEK 13.0m).
Q4 2025 loss for the period: SEK -13.5m (Q4 2024: SEK -18.1m); full-year 2025 loss: SEK -58.2m (2024: SEK -76.0m).
Earnings per share for Q4: SEK -0.01 (Q4 2024: SEK -0.03); full-year: SEK -0.06 (2024: SEK -0.16).
Cash and cash equivalents at year-end: SEK 7.1m (2024: SEK 50.5m).
Equity ratio at year-end: 79.3% (2024: 85.7%).
Outlook and guidance
Focus for 2026 is on expanding commercialisation in the U.S. and Europe, supporting distributors, and preparing for the launch of the Episealer® MTP implant pending FDA clearance.
Real estate segment expected to provide stable income to support medical device operations.
Real estate segment's expected financing support
Episealer MTP FDA: specific remaining hurdles
Plan to secure 12-month financing need?
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Next Episurf Medical earnings date
Q1 202624 Apr, 2026
Episurf Medical
Next Episurf Medical earnings date
Q1 202624 Apr, 2026
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Frequently asked questions
Episurf Medical AB, a medical device company, designs and manufactures implants and surgical instruments. The company offers polyurethane foam products, including foam for sinus augmentation and reconstruction, as well as foam for other uses. It also provides polyurethane foam instruments for the delivery of bone morphogenetic protein product for orthopedic applications. In addition, the company is engaged in the research and development of new products targeting at cervical spine applications. The company is based in Stockholm, Sweden.
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