Press release from Companies
Publicerat: 2024-08-28 08:30:00
(Stockholm, Sweden, 28 August 2024) Inhalation Sciences AB announces that its Q2 Report for 2024 is now available on the company’s website.
To read the whole report (in Swedish), visit: http://inhalation.se/investors/finansiella-rapporter/
Our journey towards achieving the company's strategic goals has continued during the second quarter. We have worked purposefully towards a positive cash flow, which has yielded results in the form of an improved operating profit of 24% by the first half of 2024, compared to the same period the year before.
Our pipeline in the form of ongoing discussions and sent offers is still high and is around SEK 30 million. We see that customers are still waiting and taking longer before deciding on our offers. The general situation for the life science industry globally, a number of major reorganizations at several pharmaceutical companies and a continued tough investment climate for funding research projects are some of the underlying reasons that have affected us. However, we are hopeful and are working purposefully to convert a larger number of quotes into signed orders as soon as possible.
The ongoing research collaboration with the US FDA for our DissolvIt module continues to be delivered according to plan and we look forward to the final result in the second half of 2024. This will be a significant milestone for the company and given a positive result, it could lead to great opportunities and collaborations in inhalation and In-Vitro research.
We are also in continued dialogue with potential partners regarding clinical application and our goal is to be able to present one or more forms of collaboration shortly.
After our re-prioritization in accordance with our new strategy, with the focus now on the service side (IRS), we have supplemented our services further together with, among others, the German company Actarmo GMBH and this work will continue in the future.
More customers are now becoming more aware of ISAB, our unique technology and our services. During the first half of 2024, we have expanded our network and the work now remains to build on this and convert these contacts into formal contracts. The second half of the year will be very interesting for ISAB and together with my team and the board I am very much looking forward to new business opportunities and a continued improved result.
Huddinge
28 August 2024
Manoush Masarrat
CEO
Jan – June 2024
Order intake during the period. SEK 1,822 (7,218)
Order backlog at the end of the period SEK 3,745 thousand (9,348)
April – June 2024
Order intake during the period. SEK 1,420 (4,689)
Order backlog at the end of the period SEK 3,745 thousand (9,348)
Order intake is the value of products and services sold during the current period, i.e. sales, not to be confused with net sales.
Order backlog is signed customer contracts for both products and services that have not yet been invoiced to the customers, where work is still in progress and delivery has not yet taken place to the customer.
Company events
The nomination committee has announced its intention to propose Ulf Ericsson as a new member in connection with the planned extraordinary general meeting on September 4, 2024
2024Apr-Jun | 2023Apr-Jun | 2024 Jan-Jun | 2023 Jan-Jun | 2023Jan-Dec | |
Net revenues, kSEKr | 3,357 | 5,788 | 7,277 | 9,026 | 17,504 |
Operating profit kSEK | -893 | -107 | -1,668 | -2,206 | -3,756 |
Profit after tax kSEK | -918 | -259 | -1,717 | -2,535 | -4,744 |
Balance sheet total kSEK | 14,952 | 23,287 | 14,952 | 23,287 | 18,168 |
Cash flow for period, kSEK | -2,131 | 7,591 | -2,184 | 9,361 | 5,986 |
Cash flow for period per share (SEK) | -0.14 | 0.50 | -0.14 | 0.71 | 0.45 |
Cash and cash equivalents kSEK | 5,641 | 11,200 | 5,641 | 11,200 | 7,825 |
Earnings per share before and after dilution kSEK | -0.06 | -0.02 | -0.11 | -0.19 | -0.36 |
Equity, kSEK | 11,238 | 14,808 | 11,238 | 7,553 | 12,954 |
Equity per share kSEK | 0,74 | 0,98 | 0,74 | 0,98 | 0,85 |
Equity ratio, % | 75.16% | 63.59% | 75.16% | 58.17% | 71.30% |
R&D costs, operating costs | 49.63 % | 38.99% | 47.08% | 38.69% | 38.75% |
Number of shares | 15 167 637 | 15 167 637 | 15 167 637 | 15 167 637 | 15 167 637 |
Multi-year overview |
kSEK | 2023 | 2022 | 2021 | 2020 | 2019 |
Net revenues | 17,504 | 12,194 | 9,422 | 10,137 | 8,949 |
Result after net financial items | -4,744 | -12,125 | -16,609 | 9,875 | -4,345 |
Balance sheet, total | 18,168 | 12, 985 | 26, 112 | 18, 488 | 23,198 |
Equity ratio, %, | 71 | 58 | 75 | 57 | 22 |
Average number of employees | 8 | 9 | 9 | 8 | 7 |
To read full report (in Swedish) go HERE.
For more information about Inhalation Sciences, please contact:
Manoush Masarrat, CEO
E-mail: Manoush.masarrat@inhalation.se
Mobile: +46 (0)73 628 9153
About Inhalation Sciences Sweden AB (publ)
Inhalation Sciences Sweden AB (publ) develops and commercializes world-leading instruments and services for research into inhalation. The company’s patented lab instruments PreciseInhale® and DissolvIt® enable researchers in the pharma industry to make drug pipeline decisions at an early stage, saving time and resources for R&D departments, and enables researchers in academic institutions to define how aerosols and small particles impact our lungs, and so our health, when being inhaled.