Cereno Scientific
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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.
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Q2 2026 earnings summary26 Aug, 2026

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.

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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.