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Bio Vitos Pharma (BIOVIT) investor relations material
Bio Vitos Pharma Q4 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
2024 marked the first full year as Bio Vitos Pharma, following the transformation from Hemcheck in 2023, with a focus on iron succinate products and IP rights for global markets.
The company divested its legacy hemolysis detection business, freeing capital and streamlining operations.
Leadership changes included the appointment of Sven Rohmann as interim CEO and a new board member, John Brauns.
Nasdaq issued a delisting warning, which the company is contesting; the process is ongoing into 2025.
Financial highlights
Net sales for 2024 were SEK 410,627, down from SEK 3,181,136 year-over-year.
Operating loss for 2024 was SEK -17,975,866, compared to SEK -7,993,378 in 2023.
Net loss for 2024 was SEK -19,863,840, an improvement from SEK -23,788,299 in 2023.
Q4 2024 net sales were SEK 304,652, down from SEK 1,004,872 in Q4 2023.
Earnings per share for 2024 were SEK -0.50, compared to SEK -0.81 in 2023 (adjusted for share consolidation).
Outlook and guidance
The company aims to focus on commercializing its IP rights and advancing scientific studies, particularly for iron succinate.
Management sees significant global market potential for its IP portfolio.
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