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Neola Medical (NEOLA) investor relations material
Neola Medical Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Progressed toward completion of a Swedish clinical pilot study for NeolaⓇ, marking a key milestone in device development and optimization.
Preliminary pilot study results show robust safety but highlight data variations, prompting further device optimization and a revised timeline for U.S. pivotal study.
Leadership team strengthened with the appointment of a Clinical Director, enhancing clinical and regulatory expertise.
Financial highlights
Q3 2025 operating income was SEK 0k, with an operating result of SEK -2,833k (compared to -2,476k in Q3 2024).
Cash flow for Q3 was SEK -4,390k (Q3 2024: -4,950k); cash and cash equivalents at period end were SEK 22,123k.
For January–September 2025, operating income was SEK 0k, operating result SEK -8,573k (2024: -8,055k), and result per share -0.11 SEK.
Equity ratio stood at 95% as of September 30, 2025, with no interest-bearing debt.
Directed share issue raised approximately SEK 20 million, strengthening the cash position and shareholder base.
Outlook and guidance
Pivotal U.S. clinical study for NeolaⓇ is unlikely to start in 2026 as previously planned, pending optimization based on pilot study findings.
Full results from the Swedish pilot study will inform a revised development timeline and next steps.
Burn rate expected to increase as clinical validation accelerates and preparations for commercial structure continue.
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