FluoGuide A/S (“FluoGuide” or the “Company”) hereby publishes its annual report for the fiscal year 2023. The annual report including the auditor’s report is attached as a pdf. The report is also available on FluoGuide’s website https://fluoguide.com under ‘Filings & reports’.
Financial highlights:
| KEY FIGURES | 2023 | 2022 | 2021 | 2020 | 2019 | |
| DKK thousand | ||||||
| Income Statement | ||||||
| Income before interest and tax (EBIT) | -43,924 | -32,461 | -28,809 | -22,161 | -10,644 | |
| Net financial items | 47 | -379 | -461 | -25 | -1,062 | |
| Net result for the year | -38,377 | -27,340 | -23,770 | -17,460 | -9,653 | |
| Balance sheet | ||||||
| Total assets | 29,609 | 35,620 | 53,309 | 16,742 | 5,238 | |
| Equity | 12,720 | 31,969 | 38,701 | 4,411 | 4,542 | |
| Cash flow | ||||||
| Cash flow from: | ||||||
| Operating activities | -31,809 | -37,645 | -15,062 | -8,847 | -10,553 | |
| Investing activities | -37 | -117 | 0 | -42 | -390 | |
| Financing activities | 27,500 | 17,018 | 51,183 | 17,182 | 13,228 | |
| The period’s cash flow | -4,345 | -20,745 | 36,121 | 8,293 | 2,285 | |
| Dividend | 0 | 0 | 0 | 0 | 0 | |
| Ratios | ||||||
| Solvency ratio | 43% | 90% | 73% | 26% | 87% | |
| Earnings per share (DKK) | -3.22 | -2.33 | -2.15 | -1.78 | -1.49 | |
Milestones for the Company in 2024:
Highlights from 2023 included:
Q1
Q2
Q3
Q4
Highlights after the period:
Presentations:
In relation to the publishing of the annual report, you have the opportunity to ask questions at the following presentations:
For further information, please contact:
Morten Albrechtsen, CEO
FluoGuide A/S
+45 24 25 62 66
ma@fluoguide.com
About FluoGuide
FluoGuide takes precision surgery to the next level improving the outcome for cancer patients. The Company’s lead product, FG001, is designed to improve surgical precision by illuminating cancer intraoperatively. This improved precision enabled by FluoGuide’s products is expected to have a dual benefit – it reduces both the frequency of local recurrence post-surgery and lessens surgical sequelae. Ultimately, this improved precision will improve a patient’s chance of achieving a complete cure and will lower system-wide healthcare costs. FG001 binds to the receptor uPAR being extensively expressed on most solid cancer types. The photothermal potential of FG001 could add a direct treatment effect of FG001 to further benefit for patients with cancer undergoing surgery.
The Company has published strong results from phase II trials demonstrating the efficacy of FG001 as well as showing it was well tolerated and safe from clinical trials in patients undergoing surgery to remove aggressive brain (high-grade glioma), head & neck and lung cancers.
Based on this strong foundation, FluoGuide expands the scope of application of FG001 and advance the development toward approval in aggressive brain cancer.
FluoGuide is listed on Nasdaq First North Growth Market, Stockholm under the ticker “FLUO”.
Read more about FluoGuide’s pipeline, technology, and upcoming events on www.fluoguide.com