Second quarter and first half year financial highlights
Second quarter 2020/21 (March 2021 – May 2021)
First half of financial year 2020/21 (December 2020 – May 2021)
Significant events subsequent to the closure of the period
On 18 June 2021 Physitrack PLC successfully completed an initial public offering “Offering” on the Nasdaq First North Premier Growth Market, trading under the ticker "PTRK". We think that First North Premier Growth Market has proven itself as the best place to be for technology-focused entrepreneurial companies in Europe, supporting our ambitious growth plans.
The price per share in the Offering was SEK 40, corresponding to a total value of all the outstanding shares in Physitrack PLC of approximately SEK 624 million upon completion of the Offering. The Offering comprised 4,375,000 newly issued shares, corresponding to a total value of SEK 175 million excluding any over-allotment.
In order to cover any over-allotment in connection with the offering, the Company has issued 655,531 additional ordinary shares net of 731 ordinary shares bought back by the Company’s shareholders as part of market stabilisation capabilities This corresponded to 15 per cent of the total number of shares in the Offering “Over-Allotment Option”.
As the Over-Allotment Option was exercised, the Offering constitutes a total of 5,031,250 shares, which corresponds to approximately 31 per cent of the total number of shares in the Company (16,261,497) and total proceeds of approximately SEK 201 million.
The IPO allows the group to continue its acquisition plans in order to expand the business and reinforces the groups position to existing and new customers regarding meeting the various transparency, legal, governance and regulatory requirements a listing brings.
I would like to take this opportunity to thank all my colleagues within the Physitrack group and external parties, who worked tirelessly on the IPO which allowed the company to achieve this significant milestone.
As outlined within the IPO prospectus, Physitrack's Board of Directors has adopted a set of financial targets linked to the Company's Strategy as set forth below:
There are no changes to these financial targets.
Henrik Molin, Co-founder and CEO of Physitrack PLC commented:
“We’re delighted to see high levels of customer investments in digital technology in our sector this quarter, and we’re confident that digitisation in the healthcare market will continue at a high pace for the foreseeable future. Our solutions and innovations keep being well received by our target markets, and with our new status as a publicly listed company fuelling the enthusiasm of our team and customers, we feel we are extraordinarily well-positioned for future success.”
Physitrack PLC's Interim report: December 2020 – May 2021 is available on: https://www.physitrackgroup.com/investors/reports-presentations
The presentation will be held at 10.00 a.m. CET 28 July 2021 by CEO Henrik Molin and CFO Charlotte Goodwin. The presentation will simultaneously be webcasted, and both webcast conference and the telephone conference offer an opportunity to ask questions. The presentation will be held in English and will be available on https://www.physitrackgroup.com/investors/reports-presentations after the webcast conference.
Link to webcast: here
Dial-in number for telephone conference: here
Enquiries regarding this announcement should be addressed to
Investor contact: Kristian Stålberg, +46 (0) 720 18 05 93, email@example.com
Media contact: Kristian Stålberg, +46 (0) 720 18 05 93, firstname.lastname@example.org
Physitrack, founded in 2012, is a global digital healthcare provider, mainly focused on the B2B physiotherapy and musculoskeletal care market. With staff on four continents, customers in 17 time zones, and patients in 187 countries, we are a truly global company.
The company has two business lines:
1. Software-as-a-Service (SaaS)-based software platform tailored to physiotherapy and musculoskeletal care, encompassing clinical home exercises, education prescription, outcomes tracking, triaging and Telehealth.
2. Virtual care powered by the Physitrack technology platform through in-house physiotherapists based in the United Kingdom.
Physitrack is headquartered in London, United Kingdom, and listed on Nasdaq First North Premier Growth Market (PTRK).
FNCA Sweden AB is appointed Certified Adviser, email@example.com, +46 8 528 00 399
 Proforma represents the results for the 6 and 3 month period 31 May 2020, had the current structure of the group at 31 May 2021 been in place then. This includes 6 months of trading results up to for Physiotools Oy and Mobilus Digital Rehab AB on the assumption this had been acquired on 30 November 2019 and 3 months of trading results up to for Rehabplus Limited on the assumption this had been acquired on 28 February 2020.
 Adjusted EBITDA is defined as earnings before interest, tax, depreciation and amortisation excluding items affecting comparability.
 Adjusted EBITDA margins are defined as Adjusted EBITDA as a percentage of revenue