Brief: Idorsia Says US GAAP Operating Loss Fy 2023 Of CHF 255 Million

Idorsia

21/05/2024 05:47

May 21 (Reuters) - Idorsia Ltd  IDIA.S :
    * IDORSIA ANNOUNCES FINANCIAL RESULTS FOR THE FULL YEAR OF
2023 –
ADAPTING THE COMPANY TO CREATE SUSTAINABLE VALUE
    * DELIVERING A 50% REDUCTION IN FIXED COST AT SWISS
HEADQUARTERS
FULLY EFFECTIVE IN EARLY 2024.
    * US GAAP OPERATING EXPENSES FY 2023 AT CHF 409 MILLION AND
NON-GAAP OPERATING EXPENSES FY 2023 AT CHF 654 MILLION
    * NET REVENUE FY 2023 AT CHF 152 MILLION
    * US GAAP OPERATING LOSS FY 2023 OF CHF 255 MILLION AND
NON-GAAP
OPERATING LOSS OF CHF 501 MILLION
    * REDUCTION OF POSITIONS RESULTED IN A RESTRUCTURING CHARGE
OF CHF
11 MILLION
    * APPROXIMATELY 475 POSITIONS AT HEADQUARTERS IN ALLSCHWIL,
SWITZERLAND, WERE ELIMINATED
    * INITIATIVE HAS BEEN CONCLUDED, WITH REDUCTION OF COSTS
BECOMING
FULLY EFFECTIVE IN EARLY 2024

Source text for Eikon:  ID:nGNE7TQ14z 
Further company coverage:  IDIA.S 

 ((Reuters.Briefs@thomsonreuters.com;))