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Cereno Scientific (CRNO) investor relations material

Cereno Scientific Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary27 Nov, 2025

Executive summary

  • Advanced clinical pipeline with three drug candidates targeting rare cardiovascular and pulmonary diseases, focusing on disease-modifying therapies with high unmet needs.

  • Lead candidate CS1 is progressing toward a global Phase IIb trial for pulmonary arterial hypertension (PAH) after successful Phase IIa results and regulatory alignment with the FDA.

  • CS014, a novel HDAC inhibitor, completed a positive Phase I trial, demonstrating safety and supporting advancement to Phase II for idiopathic pulmonary fibrosis (IPF).

  • CS585, a selective IP receptor agonist, continues preclinical development, showing potential for thrombosis prevention without increased bleeding risk.

Financial highlights

  • Net sales for Q3 2025 were SEK 12.4 million, down from SEK 23.8 million in Q3 2024.

  • Operating loss for Q3 2025 was SEK -13.5 million, compared to SEK -15.3 million in Q3 2024.

  • Loss after financial items for Q3 2025 was SEK -21.3 million, slightly improved from SEK -22.7 million in Q3 2024.

  • Cash and bank balances at quarter-end were SEK 74.2 million.

  • Equity/assets ratio decreased to 49.5% from 66.8% year-over-year.

Outlook and guidance

  • Anticipates FDA clearance to proceed with the Phase IIb CS1 trial in H1 2026.

  • Plans to initiate Phase II development for CS014 in IPF, leveraging strong Phase I and preclinical data.

  • Continued focus on advancing the pipeline and expanding scientific visibility through upcoming conferences and publications.

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Frequently asked questions

Cereno Scientific is a biotechnology company developing epigenetic therapies for cardiovascular and rare diseases. The company focuses on compounds that modulate endogenous defense mechanisms, with applications in thrombosis and inflammation. It operates in preclinical and clinical research stages. The company is headquartered in Gothenburg, Sweden, and its shares are listed on the STO.

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