Apex Trader Funding - News
Orexo Q1 2024 Interim Report
UPPSALA, Sweden, May 8, 2024 /PRNewswire/ --
Starting 2024 with a positive EBITDA
Q1 2024 highlights
Total net revenues of SEK 139.3 m (158.8)
EBITDA of SEK 15.9 m (-41.1)
Net earnings of SEK -8.9 m (-63.9)
US Commercial segment net revenues of SEK 129.3 m (140.3), in local currency USD 12.4 m (13.5)
Cash flow from operating activities of SEK -18.9 m (-61.6), cash and invested funds of SEK 198.0 m (278.9)
Earnings per share before and after dilution amounted to SEK -0.26 (-1.86)
MODIA® and Vorvida® were reimbursed within the US Veterans Affairs Federal Supply Schedule as of January 1, 2024
Data from the clinical phase 1 study and stability data for OX640, a nasal epinephrine powder product, were presented at the American Academy of Allergy, Asthma & Immuniology Annual Meeting in Washington DC
Orexo and Sobi agreed to advance feasibility study where AmorphOX® is tested with one of their biomolecules
To refinance the existing bond a four year senior secured social bond of SEK 500 million was issued
The new bond was classified as a social bond after a social financing framework was established, which underwent an independent review by Morningstar Sustainalytics.
Important events after the end of the period
Second patent in the US granted for OX640.
SEK m unless otherwise stated
2024Jan-Mar
2023Jan-Mar
2023Jan-Dec