Emplicure interim report January-September 2021 - Building a strong team and a foundation for growth
Following this summer's new share issue and subsequent IPO, we are well equipped. The focus of the third quarter has been on shifting up, and driving the development of the company's two main projects; Empli03, our drug candidate for chronic pain, and Amp01, our oral tobacco-free nicotine product in the form of dry, white pouches as a consumer product. Both projects are developed on our own bioceramic and patented technologies and platforms.
Third quarter, 1 July - 30 September 2021
· Net revenue totalled 0.0 (0.1) MSEK
· EBIT totalled -3.7 (-0.8) MSEK
· EBITDA totalled -4.3 (-0.8) MSEK
· Cash flow totalled 20.1 (-0.2) MSEK
· Earnings per share -0.42 (-0.08) SEK
Accumulated, 1 January - 30 September 2021
· Net revenue totalled 0.1 (0.2) MSEK
· EBIT totalled -10.9 (-3.0) MSEK
· EBITDA totalled -13.3 (-3.0) MSEK
· Cash flow totalled 23.4 (1.8) MSEK
· Earnings per share -1.29 (-0.30) SEK
· Emplicure was listed on Nasdaq First North Growth Market
Certified Adviser is Mangold Fondkommission AB, +46 8 503 015 50, or via firstname.lastname@example.org
This information is information that Emplicure AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation. The informationen was submitted for publication, through the agency of the contact persons above, on November 19, 2021 at 08:30 CET.
Emplicure is a pharmaceutical company developing new and innovative drugs by combining existing and approved active substances, and advanced materials science within ceramic biomaterials. The product portfolio is focused on chronic pain, and with abuse deterrent formulations. The wholly owned subisidiary, Amplicon AB develops consumer products, with tobacco-free nicotine as the first product. Emplicure is listed on Nasdaq First North Growth Market (EMPLI). Read more at www.emplicure.com
During the second quarter of 2021, Emplicure AB (publ) ("Emplicure" or "the Company") issued 9,600,000 warrants of series TO1. Each warrant entitles the holder to subscribe for one (1) new share in the Company. According to the board of directors' resolution, which was resolved pursuant to the authorization by the annual general meeting held on 13 April 2021, the subscription price for the warrants of series TO1 shall be set at 70 percent of the volume-weighted average price of the Company's share on Nasdaq First North Growth Market during the measurement period from and including 12 April 2022 up to and including 27 April 2022, provided however that the subscription price may not be determined to an amount less than the quota value for the Company's shares and not be determined to an amount exceeding SEK 6.23 per share. The volume-weighted average price of the Company's share during the measurement period amounted to approximately SEK 2.98 and the subscription price has thus been set at SEK 2.09. Subscription of shares with through the exercise of warrants of series TO1 shall be made during the period from and including 29 April 2022 up to and including 13 May 2022.
Under årets första kvartal har vi tagit viktiga steg i arbetet med att vidareutveckla och optimera formuleringarna i våra två huvudprojekt, Empli03 och Amp01, där vi följer den plan vi presenterade i samband med börsintroduktionen.
Amplicon will premiere two products at the Global Forum on Nicotine, which will be held in Warsaw on 16-18 June 2022. The world's largest annual conference in the tobacco and nicotine industry attracts a large number of visitors with experts, media, consumers, and industry professionals from many countries.