[ad_2]
UPPSALA, Sweden, Jan. 26, 2023 /PRNewswire/ — Important steps forward in a challenging environment
Q4 2022 highlights
Important events after the period
SEK m, unless otherwise stated |
2022 |
2021 |
% change |
2022 |
2021 |
% change |
Net revenues |
156.1 |
144.0 |
8.4 % |
624.3 |
565.0 |
10.5 % |
Cost of goods sold |
-25.9 |
-20.3 |
27.8 % |
-102.6 |
-78.9 |
30.1 % |
Operating expenses |
-201.3 |
-187.8 |
7.2 % |
-705.6 |
-700.2 |
0.8 % |
EBIT |
-71.1 |
-64.1 |
11.0 % |
-183.9 |
-214.1 |
-14.1 % |
EBIT margin |
-45.6 % |
-44.5 % |
1.1 % |
-29.5 % |
-37.9 % |
-8.4 % |
EBITDA |
-53.1 |
-48.5 |
9.5 % |
-115.2 |
-161.0 |
-28.4 % |
Earnings per share, before dilution, SEK |
-2.67 |
-1.92 |
39.1 % |
-5.17 |
-6.51 |
-20.6 % |
Earnings per share, after dilution, SEK |
-2.67 |
-1.92 |
39.1 % |
-5.17 |
-6.51 |
-20.6 % |
Cash flow from operating activities |
-48.9 |
-80.6 |
-39.4 % |
-156.6 |
-229.0 |
-31.6 % |
Cash and invested funds |
351.9 |
504.1 |
-30.2 % |
351.9 |
504.1 |
-30.2 % |
CEO Comments – Nikolaj Sørensen
Well positioned to capture new market opportunities and reach profitability
“In the quarter we saw steady progress in our pipeline, in particular the broadening of the application of amorphOX® to new categories of molecules, in partnership with leading international biopharmaceutical companies communicated early in 2023. It is also encouraging to see new market opportunities for ZUBSOLV® and MODIA® in the US due to the largest change in legislation for treatment of opioid use disorder (OUD) since the launch of ZUBSOLV®, removing most restrictions on the prescription of buprenorphine for the treatment of OUD. As expected, EBIT in Q4 was affected by high non-recurring operating costs and the continued strength of the USD. On a full year basis, our financial development compared to last year is positive with improved revenues and EBIT, although both affected by FX fluctuations. The main concern in the quarter is our digital therapies and consequently in beginning of 2023 we have re-organized our US commercial operations in the US to increase focus on sales and improve efficiencies.”
To read the full CEO Comments view attached PDF
For further information, please contact
Nikolaj Sørensen, President and CEO, Fredrik Järrsten, EVP and CFO, or Lena Wange, IR & Communications Director
Tel: +46 18 780 88 00, +1 855 982 7658, E-mail: ir@orexo.com.
Presentation
At 2 pm CET the same day as the announcement of the report Orexo invites analysts, investors and media to attend a presentation where Nikolaj Sørensen, CEO and Fredrik Järrsten, CFO, will present the report and host a Q&A.
To attend via teleconference where you can ask questions verbally use this link:
https://conference.financialhearings.com/teleconference/?id=5003429
When registered you will be provided phone numbers and a conference ID to access the conference.
To attend via webcast:
https://ir.financialhearings.com/orexo-q4-2022
Prior to the call presentation material will be available on Orexo´s website Investors/Reports/Audiocasts.
This information is information that Orexo AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact persons set out above at 8 am CET on January 26, 2023.
The following files are available for download:
Orexo Interim Report Q4 2022, incl. Full Year Report |
Source link
[ad_2]
The content is by PR Newswire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.
[ad_2]
[ad_1] Nørresundby, 26 April 2024Announcement no. 23/2024 The Board of Directors of RTX has, cf. company announcement no. 20/2023 dated…
[ad_1] Gyroscope Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033 The Business Research Company's Gyroscope Global…
[ad_1] ODISHA, India, and LOS ANGELES, Calif., April 25, 2024 (SEND2PRESS NEWSWIRE) — In the 1880s, to call attention to…
In support of Hong Kong's new mega tourism and commerce drive, Alipay+ now enables users of 14 leading overseas mobile…
[ad_2] TOKYO, April 26, 2024 /PRNewswire/ -- KLab Inc. announced that its hit 3D action game Bleach: Brave Souls has…
[ad_1] CALGARY, Alberta, April 24, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC)…