REGOLATORY

THIRD QUATER (JULY – SEPTEMBER 2019)

Other operating income amounted to KSEK 973 (0).
Operating loss amounted to KSEK -6,753 (-7,268).
Loss for the period amounted to KSEK -6,622 (-7,318).
Cash flow from operating activities was KSEK -8,624 (-6,860).
Loss per share before dilution was SEK -0.14 (-0.35). Loss per share after dilution was SEK -0.14 (-0.35).

PERIOD (JANUARY – SEPTEMBER 2019)

Other operating income amounted to KSEK 2,967 (0).
Operating loss amounted to KSEK -24,822 (-23,065).
Loss for the period amounted to KSEK -24,487 (-22,828).
Cash flow from operating activities was KSEK -27,809 (-13,189).
Loss per share before dilution was SEK -0.50 (-1.10). Loss per share after dilution was SEK -0.50 (-1.10).

SIGNIFICANT EVENTS IN THE THIRD QUARTER

Anders Karlsson was appointed as the company’s new CEO as of August 20, 2019.
Patent application work proceeds according to plan.

SIGNIFICANT EVENTS DURING THE PERIOD

At the end of June, Idogen announced that CEO Lars Hedbys had resigned following five years as CEO of the company.
The change of CEO will postpone the transfer to Nasdaq First North, as there is a requirement that the company’s CEO must have been employed for at least three months.
In June, Idogen announced that the company had successfully developed a new patentable tolerance-inducing method to replace zebularine in the development of the company’s tolerogenic cell therapy. The company has therefore written down the value of patents related to zebularine in an amount of MSEK 4.6.
In April, Idogen announced that NextCell Pharma AB had contacted the company’s Board of Directors regarding a possible merger. In May, Idogen reported that discussions between the companies had been abandoned.
In January, Idogen announced that it is extending and broadening its preclinical development programme for tolerogenic cell therapy. This means the clinical trials for IDO 8 and IDO T may be delayed by six months and start in the second half of 2020 for IDO 8 and first half of 2021 for IDO T.
Arctic Securities was chosen as Corporate Advisor (CA) ahead of the listing on First North.

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

No other significant events occurred after the end of the period that affected the results or financial position.

CONDENSED EARNINGS AND CASH FLOW

2019  2018   2019  2018 2018 
3 months 3 months 9 months 9 months 12 months
(Amounts in KSEK unless otherwise stated) July-Sept  July-Sept   Jan-Sept  Jan-Sept Jan-Dec 

Net sales
973   0
2 967 

0

3 766 

Operating expenses
-7 726  -7 268
-27 789 

-23 065

-31 627 

Operating loss
– 6 753  -7 268
-24 822 

-23 065

-27 861 

Loss for the period after net financial items
-6 622  -7 318
– 24 487 

-22 828

-27 634 

Avarage number of shares
48 491 533  20 781 790
48 491 533 

20 779 833

21 843 166 

Avarage number of warrants
8 555 883
2 820 621 

12 880 835

11 790 710 

Loss per share before dilution (SEK)

-0,14 
-0,35 -0,50  -1,10 -1,27 

Loss per share after dilution (SEK)

-0,14 
-0,35 -0,50  -1,10 -1,27 

Cash flow from operating activities

-8 624 
-6 860 -27 185  -9 961 -10 394 
KEY FIGURES

Working capital
21 760  8 532
21 760 

8 532

42 306 

Acid-test ratio (%)
290   151
290 

151

305 

Equity/assets ratio (%)
69  51
69 

51

71 

Loss per share before dilution
-0,14  -0,35
-0,50 

-1,10

-1,27 

Average number of shares
48 491 533  20 781 790
48 491 533 

20 779 833

21 843 166 

 

Attached file

Idogen AB   |   Medicon Village   |   Scheelevägen 2   |   SE-223 81 Lund   |  Sweden   |  E-mail: info at idogen dot com

This project has received funding from the European Union’s Horizon 2020 research and innovation programme.