Lifecare ASA — Earnings Release 2022

Aug 25, 2022

Lifecare semi-annual report – strategic measures lead to strong increase in external revenue and increased operational capacity

Lifecare semi-annual report – strategic measures lead to strong increase in external revenue and increased operational capacity

Bergen, 25 August 2022.

Today, Lifecare present strong financial results following the first half-year with operational activities in two German subsidiaries as part of the Lifecare Group. The external revenue in 1H 2022 reached a total of 8,7MNOK, representing an increase of +8,7MNOK from 1H 2021 (from 0,0 MNOK) and +7,1MNOK from EY 2021 (from 1,6MNOK). A steep increase in operational activities in the Lifecare Group led to increases in salaries and other operational activities.

The successful integration of operational subsidiaries in Germany has led to increased operational capacity. The restructured organization has proved its capacity and efficiency achieving the major technical milestones of (1) reproducible and stable in-vitro testing of miniaturized prototype-sensors and (2) initiation of first-in-human clinical pilot study, as announced in June 2022.

Lifecare’s semi-annual report is available for downloading here: https://lifecare.no/reports/semi-annual-report-2022/

Lifecare AS will host an online presentation of the 1H 2022 semi-annual results today (25 August) at 13:00 – 14:00 CET. All shareholders and other interested parties are welcome to participate in the webcast. Lifecare CEO Joacim Holter will present H1 2022 financial results and company status and will together with Lifecare CSO Prof. Andreas Pfützner be available in a Q&A session following the presentation.

The webcast will be available here: https://teams.microsoft.com/l/meetup-join/19%3ameeting_Mzg3OTJmNDUtMmVmYS00NWZhLTkzMjctOTFiNWZmZTZhYTk2%40thread.v2/0?context=%7b%22Tid%22%3a%22c5fbb1c6-4eb0-45db-9f3c-6e20ebcd710e%22%2c%22Oid%22%3a%22e067d101-8c82-4495-b6ce-29a800accfd6%22%7d

Questions can be posted during the event or send in advance to: post@lifecare.no

Contact:

Joacim Holter, CEO, tel. +47 40059050, epost: joacim.holter@lifecare.no

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Joacim Holter, Lifecare CEO, on 25 August 2022 at 08:30 CET.