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Orexo Q2 2024 Interim Report
UPPSALA, Sweden, July 17, 2024 /PRNewswire/ --
Making progress, while the OX124 review time extended
Q2 2024 highlights
Total net revenues of SEK 154.0 m (157.7)
EBITDA of SEK 5.0 m (5.6)
Net earnings of SEK -35.9 m (-12.6)
US Commercial segment net revenues of SEK 147.9 m (145.4), in local currency USD 13.9 m (13.8)
Cash flow from operating activities of SEK -6.5 m (-12.7), cash and cash equivalents of SEK 139.7 m (251.1)
Earnings per share before and after dilution amounted to SEK -1.04 (-0.37)
Second patent in the US granted for OX640, a nasal epinephrine powder product
The financial guidance for 2024 reiterated
Important events after the end of the period
Orexo AB´s sustainability work ranked among the top five percent of all 70,000 businesses worldwide reviewed by EcoVadis
For OX124, a 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 and additional data from a new human factor (HF) study. A new HF study was successfully conducted in early July.
SEK m unless otherwise stated
2024Apr-Jun
2023 Apr-Jun
2024Jan-Jun
2023Jan-Jun
2023Jan-Dec
Net revenues
154.0
157.7
293.2
316.8
638.8
Cost of goods sold
-16.3
-17.2
-29.6
-46.0
-88.9
Operating expenses