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FluoGuide develops surgical solutions that is expected to reduce suffering for the patient and increases the likelihood of cure as well as reducing costs for the health care system.

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FluoGuide A/S publishes interim report for the period January – June 2022

Regulatory


August 25, 2022

Copenhagen, Denmark, 25 August 2022 – FluoGuide A/S (“FluoGuide” or the “Company”) today releases its results for the period 1 January – 30 June 2022. The Q2 report is available as an attached document to this press release and on FluoGuide’s website. lFilings & reports – FluoGuide A/S (https://fluoguide.com/investor/filings-reports/)

In H1 2022, FluoGuide reached a major milestone in the clinical development showing that FG001 is very well tolerated and FG001 illuminates aggressive brain cancer. This has significantly de-risked FG001.

FluoGuide had no revenue for the period and therefore posted a net loss of KDKK -9,702 for the period 1 January to 30 June 2022 (-7,778).  The financial result for the period is in line with the Company's development plans.  It is the Board’s opinion that FluoGuide, unlike many other life science companies, may have a comparatively short time from the initiation of product development to revenue generation.

Summary Q2 22 Q2 21 H1 22 H1 21 2021
01-apr-22 01-apr-21 01-jan-22 01-jan-21 01-jan-21
(KDKK) 30-jun-22 30-jun-21 30-jun-22 30-jun-21 31-dec-21
Net Revenue 
Operating result -7.514 -6.034 -12.942 -10.233 -28.809
Net result  -5.749 -4.437 -9.702 -7.778 -23.770
Cash and bank  39.136 49.712 39.136 49.712 46.758
Result per share (DKK) *) -0,50 -0,40 -0,83 -0,72 -2,15
Solidity (%) **) 92% 82% 92% 82% 73%
Avarage shares for the period 11.435.000 10.963.803 11.625.798 10.748.113 11.036.155

a *) Result per share (DKK per share): Operating result divided by the average number of shares during the period. .   

**) Solidity:  Total equity divided by total capital and liability.

HIGHLIGHTS DURING Q2

  • FluoGuide announces positive top line result from the first part of the ongoing clinical phase I/II trial testing the safety and performance of FG001 in lightening up aggressive brain cancer
  • Presentation of clinical data on FG001 at the 68th Scandinavian Neurosurgical Society Congress held 14-16 May 2022 in Bergen, Norway 
  • FluoGuide published interim report for the period January – March 2022 on 31 May 2022

HIGHLIGHTS AFTER Q2HI

  • Investor presentations in second half of 2022
  • A publication of clinical data that shows uPAR is highly expressed Head and Neck cancer
  • Submitted CTA to initiate phase IIa in Head and Neck cancer
    Update on FluoGuide clinical programs

Morten Albrechtsen, CEO says: “FluoGuide reached a major milestone in its development in H1 2022, with the exciting data from our phase I/IIa trial of FG001 in aggressive brain cancer, as it makes it significantly more likely that FG001 will become a commercial product”