Picture of Simris AB logo

SIMRIS B — Simris AB News Story

0.000.00%
se flag iconLast trade - 00:00
Consumer DefensivesHighly SpeculativeMicro CapMomentum Trap

Simris Alg Q2 EBITDA loss narrows

Simris Alg Q2 EBITDA loss narrows


Overview

  • Sweden biologics firm's Q2 revenue fell 71% yr/yr

  • Q2 EBITDA loss narrowed 35% yr/yr

  • Company advanced divestment of Hammenhög assets and expects EUR 1 mln from warrant exercises


Outlook

  • Company expects proceeds from warrant exercises to extend financial runway and support strategic priorities

  • Simris Group continues efforts to divest Hammenhög facility to strengthen financial position

  • Company plans to accelerate ADC technology development and consider new payload types


Result Drivers

  • LEADERSHIP CHANGES - Co appointed new CEO for Simris Biologics and added a strategic advisor to support oncology platform and strategic development

  • ASSET DIVESTMENT - Co continued divestment process for Hammenhög assets to strengthen financial position


Company press release: ID:nMFN7XHzWk


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

SEK 196,000

Q2 EBIT

-SEK 5.44 mln

Q2 EBITDA

-SEK 1.93 mln


Reuters Recommended Reads

  • Aug 11 - Oncology firm Immunome's Q2 net loss widens as R&D costs rise

  • Aug 12 - Formycon H1 revenue rises sharply on milestone payments, EBITDA loss narrows

  • Aug 10 - Sana Biotechnology Q2 adjusted loss narrows, beats estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Simris AB

See all news