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Regulatory press release

Magnasense interim report April – June 2024

Subgen AI
Download the release

"As we conclude the second quarter of 2024, I am pleased to share with you several key developments that position Magnasense AB for continued growth and success in the evolving healthcare diagnostics sector," said Marco Witteveen, CEO of Magnasense.

April-June

• Total income amounted to 3,1 (1,3) MSEK.
• Loss before tax amounted to -8,4 (-16,4) MSEK.
• Cash and cash equivalents at the end of the quarter was 2,4 (36,6) MSEK.
• Earnings per share* -0,26 (-0,61) SEK.
• Equity ratio** at 30 June 2024 was -24 (31) %.

Significant events during the period April-June

• Jens Umehag joined Magnasense AB as the new Chairman of the Board, succeeding Anders Ingvarsson.
•Michael Schwartz and William Ferenczy joined the Board as new members.
• The terms and conditions of series 2023/2025 convertible loan notes, issued by Atlas Special Opportunities, were amended to extend the term and adjust conversion requirements.
• Further funding has been agreed through an additional 36 month secured MSEK 45 loan facility with Atlas Special Opportunities.
• Magnasense AB successfully completed an additional milestone in its participation in the NIH RADx Tech Program.
• The Company published a study in Multiple Sclerosis and Related Disorders journal.

Significant events after the end of the period

• Aegirbio AB changed its name to Magnasense AB, to better reflect core assets and focus.
• Melissa Grant, Associate Professor at the University of Birmingham’s School of Dentistry, joined Magnasense’s Scientific Advisory Board.
• Vicki Johnson joined Magnasense AB as interim CFO, succeeding Christel Dahlberg.

* Earnings per share: Profit for the period divided by the weighted average number of shares, which as of 2024-06-30 amounted to 31,758,392 shares before dilution. The corresponding number for the same period in the previous year was 23,913,424 shares.
** Equity ratio: Equity divided by total capital.

This information is information that Magnasense is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-08-23 08:00 CEST.

For additional information, please contact:
Marco Witteveen, CEO, Magnasense AB
Email: ir@magnasense.com
The Company’s Certified Adviser is Eminova Fondkommission AB | adviser@eminova.se

About Magnasense AB
Magnasense is a Swedish diagnostics company founded in 2019 to offer tests to monitor and optimize the dosage of biological drugs via its unique patented technology platform. In June 2020, Magnasense was listed on the Nasdaq First North Growth Market. The company's ambition is, in addition to bringing innovative diagnostic technology to the market, to make diagnostics more accessible, easier to use and to provide accurate and easily transferable results. For more information, see Magnasense's website www.magnasense.com.

Attachments
Magnasense Q2 2024 Final (EN)

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