Orexo Interim Report Q3 2024

UPPSALA, Sweden, Oct. 24, 2024 /PRNewswire/ --

Q3 2024 highlights

›  Total net revenues of SEK 136.5 m (156.1)

›  EBITDA of SEK -0.7 m (-9.5)

›  Net earnings of SEK -41.9 m (-33.3)

›  US Commercial segment net revenues of SEK 131.0 m (140.4), in local currency USD 12.6 m (13.0)

›  Cash flow from operating activities of SEK -13.4 m (-21.9), cash and cash equivalents of SEK 114.9 m (184.2)

›  Earnings per share before and after dilution amounted to SEK -1.21 (-0.97)

›  Orexo AB´s sustainability work ranked among the top five percent of all 70,000 businesses worldwide reviewed by EcoVadis

›   For OX124, our high dose naloxone rescue medication for opioid overdose, a complete response letter was received from the FDA requesting additional technical data on the final commercial product as well as further information from a new human factors study (HF study). A new HF study was successfully conducted in July.

›     The financial guidance for 2024 reiterated.

Important events after the end of the ­period

 ›     An exploratory phase 1 clinical study was initiated for OX640 in participants with allergic rhinitis.

SEK m unless otherwise stated            

2024

Jul-Sep          

2023

Jul-Sep          

2024

Jan-Sep          

2023

Jan-Sep                              

2023

Jan-Dec                                      

Net revenues                                   

136.5

156.1

429.7

472.8

638.8

Cost of goods sold