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Cereno Scientific (CRNO) investor relations material
Cereno Scientific Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Transitioned into clinical execution with multiple value-driving milestones, including the activation of the first site for the global Phase IIb EPIMODE trial of CS1 in pulmonary arterial hypertension (PAH).
Completed all dosing and participant visits in the Phase I PK-bridging study for CS014, with topline results expected in Q3 2026.
Advanced preclinical program CS585 in antiphospholipid syndrome (APS), with IND-enabling activities planned for 2026.
Strengthened financial position through a SEK 60 million directed share issue at a premium to the latest closing price.
Financial highlights
Net sales were SEK 0 for the quarter; capitalized work for own account was SEK 52.4 million, up from SEK 6.1 million year-over-year.
Result after financial items was a loss of SEK 30.5 million for Q2 2026, compared to a loss of SEK 26.6 million in Q2 2025.
Earnings per share before dilution was SEK -0.10 (Q2 2025: SEK -0.09); after dilution SEK -0.09 (Q2 2025: SEK -0.08).
Cash and bank balances at quarter-end were SEK 38.98 million, down from SEK 74.98 million a year earlier.
Equity/assets ratio was 43.2% at quarter-end (Q2 2025: 46.4%).
Outlook and guidance
Key H2 2026 priorities: achieve first patient randomization and dosing in EPIMODE, report CS014 PK-bridging study topline results, advance CS585 preclinical studies, and maintain disciplined capital allocation.
Phase IIb trial for CS014 in PH-ILD planned to start in Q3 2027, subject to supportive PK-bridging results and regulatory alignment.
Topline results from EPIMODE anticipated in Q4 2028, dependent on recruitment timelines.
- Advancing first-in-class HDAC inhibitors for rare cardiopulmonary diseases with strong clinical and market momentum.CRNO
Company presentation - CS1 advances to Phase IIb in PAH as Q1 loss reaches SEK -21.9M; cash at SEK 70.9M.CRNO
Q1 2026 - Advanced to global Phase IIb for PAH, secured major financing, and sharpened pipeline focus.CRNO
Q4 2025 - CS1 advances to global phase IIb for PAH, targeting disease modification and $3B peak sales.CRNO
CMD 2026 - Two Phase 2 trials in rare diseases to launch next year, backed by FDA Fast Track and global partners.CRNO
GoCo Investor Days - Positive phase II-A results in PAH, FDA engagement, and funding secured through 2026.CRNO
ABGSC Investor Days - CS1 met safety and efficacy signals in PAH, supporting advancement to pivotal trials.CRNO
Study Result - Rare disease pipeline advances with strong clinical data, new indications, and strategic partnerships.CRNO
CMD 2024 - CS1 showed safety and efficacy in PAH, supporting further clinical development and partnering.CRNO
Study Update
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Next Cereno Scientific earnings date
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