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Iconovo (ICO) investor relations material
Iconovo Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Completed organizational restructuring to focus on commercialization, reducing annual costs by SEK 14–16 million from Q3 2025.
All five inhaler platforms fully developed; now prioritizing out-licensing and commercial partnerships.
Significant progress in intranasal GLP-1 formulations with Lonza, aiming for in vitro proof-of-concept by year-end.
Rights issue oversubscribed at 114.4%, raising SEK 36.6 million before costs and bringing in a new major shareholder.
New board members with industry expertise appointed at the June AGM.
Financial highlights
Net sales for Q2 2025 were SEK 127k, down from SEK 249k in Q2 2024; H1 2025 net sales SEK 594k vs. SEK 1,948k year-over-year.
Operating result for Q2 2025 was SEK -10.3 million, compared to SEK -9.7 million in Q2 2024.
Cash and cash equivalents at period end were SEK 32.0 million, up from SEK 23.9 million a year earlier.
Cash flow for Q2 2025 was SEK 21.0 million, mainly due to the rights issue.
Equity at period end was SEK 139.4 million, up from SEK 122.8 million in Q2 2024.
Outlook and guidance
Focus shifting to commercializing inhaler platforms, especially out-licensing ICOpre and advancing Amneal collaboration.
Financing for the next 12 months is secured following cost reductions and capital injection.
In vitro proof-of-concept for intranasal GLP-1 expected before year-end, with clinical trials to follow.
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