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SoftOx Solutions (SOFTX) investor relations material
SoftOx Solutions Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Completed financial restructuring, with new board and leadership focusing on inhalation therapeutics for chronic lung diseases and medical countermeasures.
Operations strategically narrowed to address significant unmet needs in lung infections, especially cystic fibrosis and non-CF bronchiectasis.
Spun off wound and skin technology in February 2025, allowing independent operation and focus on inhaled therapeutics.
Financial highlights
Q2 2025 pre-tax loss of NOK 3.3 million, improved from NOK 7.6 million loss in Q2 2024.
First half 2025 pre-tax loss of NOK 1.4 million, a significant improvement from NOK 29 million loss in H1 2024.
Total operating revenue for H1 2025 was NOK 7.5 million, up from NOK 4.9 million in H1 2024, mainly from European Defence Fund and Norwegian Research Fund.
Total operating expenses for H1 2025 were NOK 9.5 million, down from NOK 19.7 million in H1 2024.
Cash and cash equivalents at end of June 2025 were NOK 19.8 million, up from NOK 8.1 million at end of June 2024.
Outlook and guidance
Clinical Trial Application (CTA) for proof-of-concept (PoC) trial in chronic lung disease to be submitted end of Q3 2025.
First healthy volunteer enrollment in Q1 2026, with PoC study completion expected in Q1 2027.
Ongoing work on medical countermeasures against biological warfare agents, with Phase 1 trial CTA submission targeted for H2 2025 and study initiation in Q1 2026.
Company continues to seek additional funding to secure approximately EUR 8 million for clinical activities and partnership discussions by 2027.
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