Orexo AB (OTCPK:ORXOF)

$ 1.08 0 (0%) Market Cap: 54.89 Mil Enterprise Value: 98.19 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 57/100

Q1 2024 Orexo AB Earnings Call Transcript

May 08, 2024 / 11:00AM GMT

Release Date Price: $1.5

Transcript

Nikolaj Sorensen

Orexo AB - President, Chief Executive Officer

Thank you very much, and my clock went a little earlier, so I will take a slow start here, but -- So welcome to the Orexo first quarter results. As our headline indicate, we think one of the main items for this quarter is -- this is the first real quarter where we can show that our guidance and our monitoring of our underlying profitability is actually correct. And we had some significant nonrecurring expenses during '23 and -- in the very beginning of '23 and 2022.

And now we are in the first quarter, a lot of these expenses have gone away. So we have seen the EBITDA improvement compared to last year with SEK57 million, which is very much in line with our guidance and that's a little better than I think both we and the market had expected. However, this quarter also had a little mix pack because our Zubsolv sales and I'll come back to that, was not fully meeting our expectations, but I believe there are some good explanations to that.

And on top of that, we have an R&D development where some have very good and others,

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