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Scandion Oncology (SCOL) investor relations material
Scandion Oncology Q4 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Facing critical funding and partnering challenges, the board recommends voluntary solvent liquidation if no partner or funding is secured by March 12, 2025.
Clinical programs CORIST and PANTAX achieved key milestones, with positive data in metastatic colorectal and pancreatic cancer.
Cash position at year-end was 12.7 MDKK, with a significant decrease in equity and assets compared to last year.
Financial highlights
Q4 2024 operating loss was 14.0 MDKK, up from 11.2 MDKK in Q4 2023, mainly due to accruals for potential liquidation.
Net loss for Q4 2024 was 15.2 MDKK; full-year net loss was 36.7 MDKK, improved from 39.2 MDKK in 2023.
Cash flow from operating activities in Q4 was an outflow of 1.8 MDKK; year-end cash and equivalents were 12.7 MDKK.
Equity ratio dropped to 47% from 90% year-over-year; equity at 8.3 MDKK, down from 31.1 MDKK.
Share count increased to 234.8 million; market cap fell to 17 MSEK from 163 MSEK year-over-year.
Outlook and guidance
If no partner or funding is secured by March 12, 2025, the board will recommend voluntary solvent liquidation at the March 27 AGM.
Ongoing efforts to secure a partner or buyer have not succeeded amid a risk-averse funding environment.
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