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Acarix
Acarix (ACARIX) investor relations material
Acarix Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary12 Feb, 2026
Executive summary
Achieved 26% revenue growth in Q4 2025, led by 87% growth in the U.S. market and increased CADScor system deliveries and patch sales.
Secured major U.S. reimbursement milestones, including HealthChoice coverage and removal of investigational status by key payors, expanding access to over 500,000 covered lives and 3,000+ facilities.
CADScor device deliveries increased 64% worldwide, with strong adoption in both consignment and direct sales models.
Patch sales, a key recurring revenue driver, grew 73% year-over-year in the U.S.
Secured EU MDR certification for the CADScor System, enabling expanded European market access.
Financial highlights
Q4 global revenue rose 26% to SEK 2.1 million from SEK 1.7 million year-over-year.
Q4 gross margin was 83%, down from 88% year-over-year.
Operating costs declined 23% in Q4, from SEK 17.8 million to SEK 13.7 million.
Net loss improved by 27% in Q4, from SEK 16 million to SEK 11.6 million.
Monthly cash burn reduced by 37% year-over-year.
Outlook and guidance
Focus remains on expanding U.S. reimbursement, targeting inclusion with top payers and CMS, and converting system placements into higher utilization and recurring revenue.
Anticipates further international expansion, especially in the MENA region and Saudi Arabia, with a forecast of SEK 9.8 million in potential orders upon regulatory approval.
Ongoing efforts to secure CPT-1 transition and present to CMS by end of Q3 or early Q4 2026, supported by clinical trials and studies.
KSA deal's strategic role for regional expansion
What is the timeline for CPT-1 CMS submission?
Impact of distribution partners on future gross margin?
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Next Acarix earnings date
Q1 202612 May, 2026
Acarix
Next Acarix earnings date
Q1 202612 May, 2026
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Frequently asked questions
Acarix AB is a Swedish medical technology company specializing in diagnostic solutions for coronary artery disease (CAD). Its flagship product, the CADScor System, uses sensitive acoustics and advanced algorithms to assess coronary blood flow, providing a rapid, non-invasive method for ruling out CAD in patients experiencing chest pain. The system is designed for use in clinical settings by healthcare professionals to help streamline the diagnosis process. The company is headquartered in Malmö, Sweden, and its shares are traded on the Nasdaq Stockholm.
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