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Devyser Diagnostics AB publishes quarterly report for the period April to June 2023

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STOCKHOLM, Aug. 23, 2023 /PRNewswire/ — “The second quarter of the year saw an improvement in EBIT compared with recent quarters, continued high gross margins, strong growth and an exclusive collaboration and distribution agreement with US-based Thermo Fisher Scientific. Two new oncology products and one new transplant product were launched during the quarter. Our CLIA-certified laboratory in Atlanta was inaugurated and the first patient test was carried out in this laboratory.”, Fredrik Alpsten, CEO, Devyser.
The quarter from April to June 2023
Net sales amounted to SEK 37.7 million (30.9), corresponding to a 22.3% increase. Adjusted for exchange rate fluctuations, net sales increased by 12.6%.Gross profit totaled SEK 31.5 million (24.7), corresponding to a gross margin of 83.4% (79.9).Operating profit (EBIT) amounted to SEK -13.5 million (-12.6).Profit after tax totaled SEK -14.6 million (-14.3).Earnings per share before and after dilution amounted to SEK -0.90 (-0.90).Cash flow from operating activities stood at SEK -22.8 million (-7.9).The period from January to June 2023
Net sales amounted to SEK 77.2 million (61.3), corresponding to a 26.1% increase. Adjusted for exchange rate fluctuations, net sales increased by 17.3%.Gross profit totaled SEK 65.1 million (49.9), corresponding to a gross margin of 84.3% (81.4).Operating profit (EBIT) amounted to SEK -32.6 million (-17.9).Profit after tax totaled SEK -34.5 million (-20.4).Earnings per share before and after dilution amounted to SEK -2.14 (-1.29).Cash flow from operating activities stood at SEK -42.1 million (-15.3).Important events during the quarter
Devyser launches first IVDR-certified productIn March, Devyser launched Compact, the company’s first IVDR-certified product. This is a rapid genetic test for the diagnosis of fetal chromosomal abnormalities, and is the first in its field to be approved in accordance with the IVDR, the new, more comprehensive, European regulatory framework that came into force in May 2022. The product was launched back in 2006 and is now the leading standard for prenatal diagnosis in several European countries.
Agreement with Thermo Fisher ScientificDevyser signed an exclusive collaboration and distribution agreement with Thermo Fisher Scientific in April. The agreement gives Thermo Fisher exclusive rights to market Devyser’s NGS products for post-transplant follow-up in North America and Europe.
Winner of the Swecare Export Award 2023 Devyser received the Swecare Export Award 2023 in April. This prize is awarded to companies that “with creativity, commitment and scope put Swedish innovation in health and healthcare on the world map”. The award was presented by Minister for Social Affairs Jacob Forssmed.
CLIA certification of Devyser’s clinical laboratoryDevyser’s clinical testing laboratory in Atlanta was CLIA certified in May and inaugurated on June 30. The laboratory offers clinical testing services for hereditary diseases, oncology and post-transplant follow-up. The first commercial test was carried out at the end of June.
Annual General MeetingAt the Annual General Meeting in May, Mia Arnhult, Lars Höckenström, Fredrik Dahl, Pia Gideon and Fredrik Mattsson were re-elected as Board members. Mia Arnhult was re-elected as Chair of the Board.
Approval of Devyser’s RHD product in CanadaIn June, Devyser was granted regulatory approval in Canada for non-invasive fetal RHD testing.
Devyser’s Deputy CEO and founder Ulf Klangby moves to an advisory roleIn June, Devyser announced that Ulf Klangby would leave his position on July 1 and move to an advisory role as a consultant. From July 1, Devyser’s senior management will therefore consist of CEO Fredrik Alpsten, CFO Sabina Berlin, CCO Theis Kipling, COO Göran Rydin and CHRO Camilla Wiberg.
Launching of two new genetic tests for hereditary cancersAt the end of June, Devyser launched two new products, Devyser LynchFAP and Devyser BRCA PALB2. The products offer efficient, targeted and safe analysis of genes associated with an increased cancer risk, such as the genes implicated in Lynch syndrome and in breast and ovarian cancer.
Important events after the end of the quarter
IVDR approval of Devyser’s transplant productsDevyser’s new test for the detection of donor-derived cell-free DNA in blood samples from kidney transplant patients, and the company’s product for the screening and follow-up of stem cell transplant patients, were given IVDR approval in July.
Presentation
The report will be presented at an audiocast at 09:00 CET today. More information and links are available on https://ir.financialhearings.com/devyser-diagnostics-q2-2023.
This report and previous financial reports are available on the company’s webpage https://investors.devyser.com/en/reports-presentations.   
This information is information that Devyser Diagnostics AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact persons below, on August 23, 2023, at 07:30 CET.
For more information, please contact:Fredrik Alpsten, CEO E-mail: [email protected]: +46 706 673 106Sabina Berlin, CFOE-mail: [email protected]: +46 739 519 502
About Devyser Diagnostics AB (publ)
Devyser develops, manufactures and sells diagnostic solutions and analysis services to clinical laboratories in more than 50 countries. Our products are used for complex genetic testing in the hereditary disease, oncology and transplant fields, to enable targeted cancer treatment, the diagnosis of a large number of genetic diseases, and transplant patient follow-up. Devyser’s products, and unique, patented solution requiring only one test tube, simplify genetic testing processes, improve sample throughput, minimize hands-on time and deliver rapid results. Our goal is for every patient to receive a correct diagnosis in the shortest possible time.
Devyser was founded in 2004 and is based in Stockholm, Sweden. The company has eight in-house sales offices in Europe and the US, and a CLIA laboratory in Atlanta, Georgia. In August 2022, Devyser’s quality management system was certified according to the IVDR.
Devyser’s shares are listed on the Nasdaq First North Premier Growth Market Stockholm (ticker: DVYSR). The company’s Certified Adviser is Redeye AB.
For more information, visit www.devyser.com
The following files are available for download:
https://mb.cision.com/Main/13649/3821799/2242864.pdf
Devyser Diagnostics interim report January-June 2023
 
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ToolsGroup Positioned as the Leader in the 2024 SPARK Matrix for Global Supply Chain Inventory Optimization by QKS Group

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The QKS Group SPARK Matrix™ provides competitive analysis and ranking of the leading Global Supply Chain Inventory Optimization vendors.ToolsGroup with its comprehensive technology and customer experience management, has received strong ratings across the parameters of technology excellence and customer impact.BOSTON, Oct. 10, 2024 /PRNewswire/ — QKS Group has named ToolsGroup as a technology leader in their 2024 SPARK Matrix™ analysis of Global Supply Chain Inventory Optimization Market.

The QKS Group SPARK Matrix™ evaluates vendors based on technology excellence and customer impact. It offers an in-depth analysis of global market dynamics, major trends, vendor landscapes, and competitive positioning. By providing a competitive analysis and ranking of leading technology vendors, the SPARK Matrix delivers strategic insights that help users assess provider capabilities, differentiate competitively, and understand market positions.
ToolsGroup was chosen as a leader in the 2024 SPARK Matrix for Global Supply Chain Inventory Optimization due to its outstanding capabilities in optimizing cloud costs and enhancing operational efficiency in complex multi-cloud environments.
QKS Group defines a Global Supply Chain Inventory Optimization as “a strategic process of maintaining an ideal amount of inventory and keeping the right balance between capital investment and service-level goals, across multiple Stock Keeping Units (SKUs). The aim is to minimize the inventory holding cost while fulfilling customer demand. Inventory Optimization leverages historical data, advanced analytics, and generative AI to ensure optimum stock levels at the right time. It also takes into consideration the volatility, risks, and probable disruptions in the supply chain and reduces unnecessary costs, stockouts, and overstocking while optimizing stock levels.”
According to Dharun, Analyst at QKS Group, “ToolsGroup has established itself as a technology leader in the global supply chain inventory optimization market by offering AI-driven, self-adaptive demand and inventory models. The solution automatically defines the optimal inventory mix across multi-echelon supply chains, ensuring high service levels while minimizing costs. ToolsGroup’s advanced features, such as probabilistic forecasting, service-driven optimization, and real-time dynamic data unification, empower businesses to navigate demand uncertainty effectively. With the launch of Decision Hub, ToolsGroup introduces decision-centric planning, allowing supply chain leaders to align on optimal responses to emerging threats and changes in supply-demand dynamics.” Dharun further adds, “ToolsGroup’s year-on-year revenue growth, strong enterprise segmentation, a compelling vision & roadmap, industry-specific capabilities, positions the company as a leader in the SPARK Matrix™: Global Supply Chain Inventory Optimization, Q3, 2024”
Quote By ToolsGroup
“We are proud to be recognized by Quadrant Solutions for the third year in a row as a leader in inventory optimization,” said Kevin Young, Chief Marketing Officer and EVP of Growth at ToolsGroup. “Our approach is quite unique in the market. We leverage AI driven probabilistic science to model a range of potential outcomes for demand and supply availability. Over 400 customers leverage our solutions to achieve service level goals while significantly reducing inventory investments, transforming their supply chains into a force for good.”
The global supply chain inventory optimization market is experiencing significant growth, driven by the adoption of cloud, AI, ML, blockchain, and IoT technologies. Inventory optimization aims to maintain an ideal stock level while balancing investment and service-level goals. The use of advanced analytics and generative AI allows for the consideration of volatility, risks, and disruptions, ultimately reducing unnecessary costs and stockouts. Current market dynamics highlight the importance of real-time inventory visibility, predictive analytics, and scenario modeling to enhance decision-making. Leading solutions in this market offer comprehensive capabilities, including multi-echelon inventory optimization (MEIO), automated data collection, and generative AI for informed inventory management. As companies strive for more antifragile and autonomous supply chains, inventory optimization remains a key strategic focus to increase efficiency, profitability, and customer satisfaction.
Additional Resources:
For more information about ToolsGroupSPARK Matrix: Global Supply Chain Inventory Optimization, Q3, 2024About ToolsGroup:
ToolsGroup’s innovative AI-powered solutions enable retailers, distributors and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision-making and unlock powerful business improvements in forecast accuracy, service levels and inventory – delighting customers and achieving financial and sustainability KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, and YouTube, or visit www.toolsgroup.com.
ToolsGroup Media Contact:
Jason OuelletteEscalate PR for ToolsGroup Email: [email protected]
About QKS Group:
QKS Group is a global advisory and consulting firm focused on helping clients achieve business transformation goals with Strategic Business and Growth advisory services. At QKS Group, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more available research, please visit https://qksgroup.com/ 
Contact: 
Shraddha Roy PR & Media Relations QKS Group Regus Business Center 35 Village Road, Suite 100, Middleton Massachusetts 01949 United States Email: [email protected] Content Source: https://qksgroup.com/newsroom/toolsgroup-positioned-as-the-leader-in-the-2024-spark-matrix-for-global-supply-chain-inventory-optimization-by-qks-group-798Connect with us on LinkedIn- https://www.linkedin.com/company/qksgroup/
Logo: https://mma.prnewswire.com/media/2501519/QKS_Group_Logo.jpg
 

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CloudM unveils Migrate 4.0: redefining the data migration landscape with a user-centric approach

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MANCHESTER, England, Oct. 10, 2024 /PRNewswire/ — CloudM, established in 2008, proudly introduces CloudM Migrate 4.0, an innovative update designed to transform the way businesses manage data migrations. This latest release is more than just an upgrade—it represents a fundamental shift in the data migration industry, driven by CloudM’s deep expertise and commitment to customer success. Over the past 16 years, CloudM has facilitated over 80 million successful migrations, solidifying its reputation as a market leader in cloud data management.

Why the change? How users benefit from CloudM’s expertise
CloudM’s decision to overhaul the user interface (UI) and enhance core functionalities stems from its unwavering focus on the end user. With decades of experience and customer feedback guiding the redesign, Migrate 4.0 introduces a more intuitive, streamlined process. This update makes data migrations faster, simpler, and less labor-intensive, helping businesses complete migrations with minimal downtime and effort.
The cloud migration market is growing at an exceptional rate, projected to reach $806.41 billion by 2029, with a CAGR of 28.24%. This growth is being driven by key sectors such as finance, healthcare, and retail, which are increasingly leveraging cloud technologies to streamline operations and enhance customer experiences (Mordor Intelligence).
A story of innovation in the data migration industry
Since its founding in 2008, CloudM has led the way in transforming data migration. Often viewed as a labor-intensive process, cloud migration has seen a surge in demand driven by mergers, acquisitions, and digital transformation projects. Many businesses still struggle with tools that are complex and require significant manual oversight and expertise.
CloudM recognized these challenges early on and revolutionized the process with its cloud-based solutions, allowing businesses to migrate everything from user data and email to critical files with ease. Migrate 4.0 is the culmination of years of innovation, feedback, and a mission to simplify the cloud migration experience.
The numbers speak for themselves
With over 80 million successful migrations completed for businesses of all sizes—from startups to global enterprises—CloudM has proven itself as a trusted partner in cloud migrations. These numbers highlight its extensive reach and the trust businesses place in CloudM during pivotal digital transformation initiatives, such as moving to Google Workspace or Microsoft 365. With the release of Migrate 4.0, CloudM expects these numbers to rise as businesses continue to reap the benefits of more efficient and streamlined migration processes.
Migrate 4.0: efficiency meets simplicity
At the heart of Migrate 4.0 is a revamped, intuitive UI designed to make migrations smoother than ever before. The shift to a project-and-batch-based model simplifies migration management, reducing manual intervention and streamlining connections between source and destination platforms.
“We designed Migrate 4.0 to reflect our commitment to evolving with our customers’ needs,” says Donna Torres, Managing Director of CloudM. “With more than 80 million migrations under our belt, we’ve learned what works and what doesn’t. Our new UI and feature enhancements will save businesses time and resources.”
Shaun Richards, Product Manager at CloudM, adds: “The switch to a project-and-batch-based model in Migrate 4.0 is a game changer. This conceptual shift unlocks new opportunities for efficient migration management, and the feedback from beta testers has been incredibly positive.”
For more details on the new features and capabilities introduced in Migrate 4.0, refer to the official release notes.
Learn more about: CloudM migrate.Read the launch product release blog.For more information, contact [email protected].

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Maanch Introduces Groundbreaking ESG Engagement Innovation

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LONDON, Oct. 10, 2024 /PRNewswire/ — Maanch, a leading provider of award-winning investment stewardship solutions, today announced a first of its kind integration of Morningstar Sustainalytics’ stewardship data into the Maanch Engagement Tracker (Maanch ET). This powerful combination offers asset managers and institutional investors unparalleled access to comprehensive stewardship data and engagement services, setting a new standard for transparency and long-term value creation.

Morningstar Sustainalytics, a globally recognised leader in ESG research and ratings, brings its nearly 30 years of stewardship expertise to the Maanch ET. By integrating their stewardship data into Maanch ET, clients gain access to hundreds of engagement cases with issuers, and related reports, voting recommendations, and insights on company meetings, enabling more informed and impactful decision-making.
Hanna Roberts, Senior Vice President, ESG Products, Stewardship Services at Morningstar Sustainalytics stated: “Our collaboration with Maanch allows asset managers to seamlessly integrate our stewardship data into their decision-making processes. By providing greater transparency and actionable insights, we are empowering our clients to enhance their engagement strategies and drive positive outcomes across the issuers they hold.”
This seamless integration allows clients to access ESG insights alongside their existing data, enabling enhanced stewardship reporting and meaningful engagement with investee companies. Exportable reports in PDF and XLS formats simplify inclusion in annual ESG reports, with Sustainalytics’ data clearly distinguished from direct engagements. Launched for a mutual client on 5 June 2024, the integration is now available to all clients. More information can be requested via the Maanch ET Integration tab or through Sustainalytics account managers. A joint webinar on 15 October 2024 will showcase its capabilities.
Darshita Gillies, Founder & CEO of Maanch, added: “This revolutionary partnership empowers investment teams with unparalleled tools for transparent, impactful stewardship. By combining Maanch’s capabilities with Sustainalytics’ data, we enable clients to make more informed decisions and strengthen ESG engagement. We welcome collaboration with other data providers to drive further innovation.”
About Maanch 
Maanch, a certified B-Corp, provides pioneering tech solutions for the asset management sector to streamline their stewardship activities. Maanch clients across UK & Europe collectively manage over £200bn in assets. Visit https://maanch-invest.com/.
About Morningstar Sustainalytics 
Morningstar Sustainalytics is a leading ESG data, research, and ratings firm that supports investors around the world with the development and implementation of responsible investment strategies. Visit www.sustainalytics.com. 
For more information: 
Sarah Georg: [email protected] Benedict: [email protected] 

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