First quarter 2024 (the Group)
- Net sales amounted to 0 TSEK
- The operating result for the period was -1 TSEK
- The net result was -5 TSEK corresponding to earnings per share of
SEK -0.00004 - Cash flow from operating activities amounted to -64 TSEK
- Cash and cash equivalents amounted to 10,947 TSEK
1 January –
- Net sales amounted to 0 (0) MSEK
- The operating result for the period was -2.5 (-9.6) MSEK
- The net result was -2.4 (-9.6) MSEK
- Cash and cash equivalents amounted to 10.8 (29.8) MSEK
Significant events January –
- On the Extraordinary General Meeting of shareholders on the
9 January 2024 Daniel Lifveredson, Torbjörn Browall and Lars-Inge Sjöqvist were elected new members of the Board. - In January it was announced that an agreement to acquire
Noviga Research AB had been signed.
Significant events after the reporting period
- In May,
Mats Wiking was appointed new CEO from1 September 2024 .
CEO statement
The beginning of 2024 has been a period of change. A new board was elected at the beginning of January and shortly afterwards the new board presented the acquisition of
The acquisition of
We had also hoped to present a path forward for Nanodotax and the DTX-002 clinical trial, but the conduct is still not ensured. We continue to work on a solution.
The work to reduce the company's running costs has also continued. The major savings were initiated already in 2023, but we have done what we can to make further cost reductions. As part of this, we have switched from reporting according to IFRS to K3. The conversion means no changes in our reported results, but means that we can spend a little less time and money on administration for our accounting. We have also reviewed our patent portfolio. It was also done a year ago when we abandoned a patent family. This year, adjustments have been made in two older patent families in particular. We have made the assessment that the patents we abandon provide less comprehensive protection and, in addition, their terms are short compared to the other patents in our portfolio. Patent fees increase in cost the older the patents are. As we announced in the annual report, the acquisition of Noviga has been classified as a reverse acquisition for accounting purposes, which means that Noviga is considered the parent company in the group accounting. This means that in this report we show figures that many shareholders do not fully recognize. To show the effects of the savings made, the development in
A couple of weeks ago it was also announced that I am moving on to new challenges.
Jenni Björnulfson, CEO and CFO
The interim report is available on the company’s website https://liddspharma.com/en/investors/financial-reports/
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