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Kurs & Likviditet

Kursutveckling och likviditet under dagen för detta pressmeddelande


2023-10-13 Ordinarie utdelning PHI 0.00 SEK
2023-10-12 Årsstämma 2024
2023-09-20 Kvartalsrapport 2024-Q1
2023-06-23 Bokslutskommuniké 2023
2023-05-09 Extra Bolagsstämma 2023
2023-03-28 Kvartalsrapport 2023-Q3
2022-12-21 Kvartalsrapport 2023-Q2
2022-10-31 Årsstämma 2023
2022-10-14 Ordinarie utdelning PHI 0.00 SEK
2022-09-29 Kvartalsrapport 2023-Q1
2022-06-29 Bokslutskommuniké 2022
2022-03-21 Kvartalsrapport 2022-Q3
2022-03-15 Extra Bolagsstämma 2022
2021-12-29 Kvartalsrapport 2022-Q2
2021-10-20 Extra Bolagsstämma 2021
2021-10-11 Ordinarie utdelning PHI 0.00 SEK
2021-09-29 Kvartalsrapport 2022-Q1
2021-06-24 Bokslutskommuniké 2021
2021-03-16 Kvartalsrapport 2021-Q3
2020-12-14 Kvartalsrapport 2021-Q2
2020-10-20 Årsstämma 2021
2020-10-15 Ordinarie utdelning PHI 0.00 SEK
2020-06-25 Bokslutskommuniké 2020
2020-03-12 Kvartalsrapport 2020-Q3
2019-12-17 Kvartalsrapport 2020-Q2
2019-10-16 Ordinarie utdelning PHI 0.00 SEK
2019-10-15 Årsstämma 2020
2018-09-27 Ordinarie utdelning PHI 0.00 SEK
2018-09-26 Årsstämma 2019
2018-06-18 Extra Bolagsstämma 2019
2018-06-12 Bokslutskommuniké 2018
2018-03-12 Kvartalsrapport 2018-Q3
2017-09-26 Ordinarie utdelning PHI 0.00 SEK
2017-09-25 Årsstämma 2018
2017-09-11 Kvartalsrapport 2018-Q1
2017-06-19 Bokslutskommuniké 2017
2017-03-13 Kvartalsrapport 2017-Q3
2017-01-01 Extra Bolagsstämma 2018
2016-11-30 Kvartalsrapport 2017-Q2
2016-09-06 Ordinarie utdelning PHI 0.00 SEK
2016-09-05 Kvartalsrapport 2017-Q1
2016-09-05 Årsstämma 2017
2016-06-13 Bokslutskommuniké 2016
2016-02-22 Kvartalsrapport 2016-Q3
2016-02-16 Extra Bolagsstämma 2017
2015-11-30 Kvartalsrapport 2016-Q2
2015-09-08 Ordinarie utdelning PHI 0.00 SEK
2015-09-07 Årsstämma 2016
2015-09-07 Kvartalsrapport 2016-Q1
2015-06-16 Bokslutskommuniké 2015
2015-03-16 Kvartalsrapport 2015-Q3
2014-12-01 Kvartalsrapport 2015-Q2
2014-10-07 Ordinarie utdelning PHI 0.00 SEK
2014-10-06 Kvartalsrapport 2015-Q1
2014-10-06 Årsstämma 2015
2014-06-30 Bokslutskommuniké 2014


Phase Holographic Imaging är verksamt inom medicinteknik. Bolaget utvecklar instrument och mjukvara för time-lapse cytometri. Produkterna används för kvantitativ långtidsanalys av levande cellers dynamik, särskilt av betydelse inom cancerforskning, samt vid behandling av inflammatoriska - samt autoimmuna sjukdomar. Produkterna säljs på global nivå via bolagets distributörer och störst närvaro återfinns inom Norden. Huvudkontoret ligger i Lund.
2023-03-28 10:45:08



Net sales 3 264 (2 736) KSEK
Operating result before depreciation (EBITDA) -3 453 (-5 626) KSEK
Net result  -4 412 (-6 732) KSEK
Earnings per share -0.22 (-0.47) SEK
Gross margin 60 (72) %

MAY 2022 - JANUARY 2023

Net sales 8 031 (6 927) KSEK
Operating result before depreciation (EBITDA) -12 626 (-11 798) KSEK
Net result  -15 468 (-15 102) KSEK
Earnings per share -0.76 (-1.05) SEK
Gross margin 56 (72) %

  • Sales have continued to grow, with significantly higher cost efficiency. As a result, rolling 12-month sales gained to its highest level ever.
  • The implementation of a quality control system within the company to achieve GAMP compliance has begun.
  • A distributor agreement for India has been signed.


In the spring of 2022, PHI carried out a right issue. The goal of the right issue proceeds was:
  • Finalize the fluorescence unit.
  • Adapt our non-invasive imaging technology for regenerative medicine.
  • Implement a quality control system within the company to achieve Good Automated Manufacturing Practice (GAMP) compliance.
  • Develop cost-effective sales and marketing.

The objectives aim to take advantage of the newly created opportunities that our unique non-invasive reagent-free imaging technology provides. The success and ongoing industrialization of clinical regenerative medicine and cell-based therapies require non-invasive imaging, contrary to conventional drug development. Unlike traditional drugs, the cells are the treatment and can, therefore, under no circumstances be contaminated by analytical reagents or foreign substances, which is our unique edge.

During PHI's third quarter, the pieces have come together:
  • The 3rd quarter turnover exceeded any previous quarter.
  • Rolling 12-months sales gained to its highest level ever.
  • The marketing and sales process has been streamlined, which is reflected in the quarterly sales costs: -1 974 (-3 168) SEK.
  • It is anticipated that sales will continue to grow and be further strengthened by fluorescence unit sales.
  • With GAMP compliance, our addressable market will expand to include the much larger clinical market.

Within the ReMDO collaboration, we have so far created an alliance with Biospherix, SAS and QIAGEN to develop advanced cell manufacturing technology. The alliance has received a grant for in-kind resources from Wake Forrest Institute for Regenerative medicine (WFIRM) and ReMDO. Furthermore, to learn from the absolute leader in regenerative medicine and to consolidate our position as an important player in developing quality standards for biomanufacturing, we have opened an office adjacent to WFIRM.

With our well-reputed partners in the ReMDO project, the launch of the fluorescence unit, GAMP compliance and, above all, the need for non-invasive imaging technology within biomanufacturing, the board, I and our staff are convinced that the world is our oyster!


Patrik Eschricht, CEO


In late 2022 the US Food & Drug Administration (FDA) created a "super office" to, in their own words, address the substantial growth in the development of innovative, novel products and the ever-changing public health landscape.

Over 7 000 rare diseases affect more than 30 million people in the United States, according to the FDA.


Evelyn was not expected to reach her second birthday. But fortunately, she was one the first infants to receive a newly developed gene therapy that today cures the rare genetic disease she suffered from, Spinal Muscular Atrophy, affecting one in 10 000 newborns.

However, her Zolgensma treatment costs $2.1 million per treatment - the second most expensive drug in the world. The currently most costly drug is another one-time gene therapy but for hemophilia (swe: blödarsjuka), priced at $3.5 million per dose when recently approved by the FDA.

The main motivator for the change within the FDA is the realization that we (humanity) now have the tools to cure many rare diseases; it's merely a matter of applying the tools correctly, safely and cost-effectively.

In his presentation, Taking Cell & Gene Therapy to the Next Level (https://www.youtube.com/watch?v=fdcFVcL1PO8), FDA director Peter Marks laid out the FDA's strategy for making rare disease treatments available to all patients. As Dr. Marks explains, 7 minutes into the presentation (https://www.youtube.com/watch?v=fdcFVcL1PO8&t=7m10s), efficient and reliable manufacturing is essential to make such therapies commercially and economically viable.

Cell morphology mirrors the all-important quality and health status of a cell. The ability to non-invasively quantify the 3-dimensional morphology of cells directly in the cell culturing environment is a unique feature of our HoloMonitor product line, which has the potential to become a keystone technology in cost-effective biomanufacturing.

The FDA needs support from innovative technology companies like PHI. Through the Alliance to Advance Cell-based Biomanufacturing (https://phiab.com/pressrelease/phi-sas-qiagen-and-biospherix-form-alliance-to-advance-cell-based-biomanufacturing/?swcfpc=1), PHI has the opportunity to work with the FDA to fulfill its vision of an efficient manufacturing process to make custom treatments commercially viable and, not least, affordable. With the continued support from our shareholders, nothing can stop us.



Net sales for the second quarter amounted to 3 264 (2 736) KSEK and operating results before depreciation (EBITDA) to -3 453 (-5 626) KSEK. The net result amounted to -4 412 (-6 732) KSEK.



With an emphasis on regenerative medicine and the development of fluorescence capability, the company invested 1 195 (1 288) KSEK in the product, patent, and application development during the period.


Cash, cash equivalents, and unutilized granted credits amounted to 13 572 (12 838) KSEK by the end of the period. The equity ratio was 29 (-41) %.

Warrants of series TO 3

Each warrant of series TO 3 entitles to subscribe for one (1) new share in PHI during the period from 11 April 2023 to 2 May 2023. The exercise price amounts to 70 % of the volume-weighted average price during a period prior to option redemption, within the interval 0.20 SEK (the company's quota value) as the lowest, and with 11.90 SEK per new share as the highest exercise price. Upon full exercise of warrants of series TO 3 at the highest exercise price (11.90 SEK per new share), the warrants will provide the company with approximately 40 MSEK before issue costs.

Warrants of series TO 4

Each warrant of series TO 4 entitles to subscribe for one (1) new share in PHI during the period from and including 12 September 2024 to and including 3 October 2024. The exercise price amounts to 70 % of the volume-weighted average price during a period prior to option redemption, within the interval 0.20 SEK as the lowest, and with 15.45 SEK per new share as the highest exercise price. Upon full exercise of warrants of series TO 4 at the highest exercise price (15.45 SEK per new share), the warrants will provide the company with approximately 20.8 MSEK before issue costs.


The convertible loan to Formue Nord Fokus A/S amounts to 20 230 000 SEK with the following terms:
  • Number of convertibles: 1 700 000 convertibles, which entails the right to subscribe for 1 700 000 new shares.
  • Conversion rates: 11.90 SEK per new share until 2 May 2023 (last day in the exercise period for warrants of series TO 3) and 15.45 SEK per new share from May 3, 2023, until October 16, 2024.
  • Conversion period: the convertible holder is entitled during the period from the date of payment to October 16 2024 to convert the loan into shares.
  • Maturity: in the event that the entire loan is not converted, repayment of the loan and interest must take place no later than October 16, 2024. The company has the right to repay all or part of the convertible loan at any time until the due date, after which Formue Nord has the opportunity to accept repayment or request conversion according to the above conversion rates.
  • Interest: the convertibles run at a quarterly interest rate of 3%.

Dilution of shares

Total shares January 31, 2023 20 452 700
TO 3 (April 2023) 3 365 605
TO 4 (September 2024) 1 346 162
Convertibles 1 700 000
TOTAL 26 864 467


The company may be affected by various factors, described in the 2021/22 Annual Report. These factors may individually or jointly increase risks for the operation and result of the company.


The accounts are prepared in accordance with the Annual Accounts Act and general advice from the Swedish Accounting Standards Board BFNAR 2012:1 Annual accounts and consolidated accounts (K3).


This interim report has not been subject to review by the company's auditor.


Statements concerning the company's business environment and the future in this report reflect the board of director's current view of future events and financial developments. Forward-looking statements only express the judgments and assumptions made by the board of directors on the day of the report. These statements have been carefully assessed. However, it is brought to the reader's attention that these statements are associated with uncertainty, like all statements about the future.

  • June 23, 2023, Year-end report 2022/23