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SoftOx Solutions (SOFTX) investor relations material
SoftOx Solutions Q3 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 focus on inhaled antimicrobial pharmaceuticals targeting significant unmet needs in respiratory infections.
Clinical focus shifted to chronic lung diseases, especially cystic fibrosis and non-CF bronchiectasis, with proof-of-concept trial planned.
Defense subsidiary continues work on inhaled countermeasures against biological threats, funded by European Defence Fund and Norwegian Ministry of Defence.
Financial highlights
Q3 2025 pre-tax loss of NOK 5.5 million, improved from NOK 17.9 million loss in Q3 2024.
First three quarters 2025 pre-tax loss of NOK 6.9 million, significantly reduced from NOK 46.9 million loss in the same period 2024.
Total operating revenue for first three quarters 2025 was NOK 12 million, up from NOK 6.3 million in 2024, mainly from grants.
Operating expenses for first three quarters 2025 were NOK 19.5 million, down from NOK 37.9 million in 2024.
Cash and cash equivalents at end of Q3 2025 were NOK 20.1 million, up from NOK 14.5 million at Q3 2024.
Outlook and guidance
Proof-of-concept clinical trial for inhaled solution to start Q1 2026, with completion expected Q1 2027.
First healthy volunteer enrollment in Q1 2026; trial timelines and budgets remain unchanged.
Ongoing efforts to secure approximately EUR 8 million in additional funding for key clinical activities.
Medical countermeasure Phase 1 trial to be initiated in Q1 2026.
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