Q3 2022 Initiator Ph Engelsk FINAL
INITIATOR PHARMA: Q3 2022 REPORT
2022-11-04 08:30:00
Business highlights in Q3 2022
- On July 5th the Company announced the outcome of the fully guaranteeed rights issue of MSEK 41. Approximately 42.3% of the share issue was subscribed for, with the rest covered by underwriting commitments.
- On July 5th the Company announced that it had carried out a directed share issue of MSEK 2.5 at a share price of SEK 7.50 to a strategic advisor to the company.
- On July 22nd the Company announced that it had completed a share buy back program of 24,000 shares in connection with the long-term incentive program LTI2021.
- On September 21st the Company announced that the final study report from the Phase 1 study in the IPTN2021 program confirmed the statistically significant effects on pain measures that were reported after the first data read-out in May.
Business highlights after this reporting period
- On October 4th the Company announced the outcome of the LTI2022 incentive programs to management and leading employees and to board members.
- On November 4th the Company provided an update on its clinical programs.
Financial Highlights
| Third Quarter (2022-07-01 – 2022-09-30) |
| Net revenue were TDKK 0 (0) |
| Operating loss, EBIT was TDKK -6,689 (-9,056) |
| Earnings per share was DKK –0.13 (-0.24) |
| Cash: TDKK 46,768 (41,394) |
| Solidity: 70% (92%) |
| First Nine Months (2022-01-01 – 2022-09-30) |
| Net revenues were TDKK 0 (0) |
| Operating loss, EBIT was TDKK -35,263 (-15,792) |
| Earnings per share was DKK –0.68 (-0.51) |
Solidity: equity divided by assets.
The Board of Directors have decided that interim reports will be published in English only.
Link to the full report
https://www.initiatorpharma.com/en/investors/reports-and-presentations/