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FluoGuide A/S publishes interim report for the period January – March 2021

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Copenhagen, Denmark, 26 May 2021 – FluoGuide A/S (“FluoGuide” or the “Company”) today releases its results for the period 1 January – 31 March 2021. The Q1 report is available as an attached document to this press release and on FluoGuide’s website.

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Summary Q1-2021 Q1-2020 2020
01/Jan/21 01/Jan/20 01/Jan/20
(´000 DKK) 31/Mar/21 31/Mar/20 31/Dec/20
Net Revenue 
Operating result -4,201 -3,923 -22,161
Net result  -3,343 -3,088 -17,460
Cash and bank  3,514 11,031 10,637
Result per share (DKK) *) -0.32 -0.38 -1.78
Solidity (%)  **) 10% 88% 26%
Avarage shares for the period 10,530,026 8,057,832 9,797,895
Net result  -0.32 -0.38 -1.78
 

 
*) Result per share (DKK per share): Operating result divided by the average number of shares during the period.  The total number of shares as of 31 March 2021 totaled 10,530,026 shares (9,455,268). The average number of shares for the first quarter of 2021 was 10,530,026 shares (8,057,832). The average number of shares for the period 1 January – 31 December 2020 was 9,797,895 shares (6,477.,565).  After the end of the period, FluoGuide conducted a directed share issue which have increase the number of shares to 11,319,500.
**) Solidity:  Total equity divided by total capital and liability.

 

HIGHLIGHTS DURING Q1:

•    FluoGuide gets green light to proceed to third dose level with FG001 in the ongoing clinical phase I/II trial in patients with high grade glioma
 •    FluoGuide publishes its  annual report for the fiscal year 2020
•    FluoGuide announces the publication of two patent applications covering the Company’s uPAR technology platform for improving surgery
•    FluoGuide announces approval for listing on Nasdaq First North Growth Market Sweden on the 24 February 2021
•    FluoGuide gets green light to proceed to fourth dose level with FG001 in the ongoing clinical phase I/II trial in patients with high grade glioma
•    FluoGuide acquires rights to photothermal therapy using FG001

 

HIGHLIGHTS AFTER Q1:

  • FG001 in evening dosing in the ongoing clinical phase I/II trial in patients with high grade glioma undergoing surgery

  • FluoGuide receives green light to proceed to fifth dose level with FG001 in the ongoing clinical phase I/II trial in patients with high grade glioma
  • FluoGuide completes a directed share issue of SEK 75 million.
  • FluoGuide receives approval from ethical commetees and the Danish Medicines Agency to commence with FG001 in evening dosing in the ongoing clinical phase I/II trial in patients with high grade glioma undergoing surgery
  • FluoGuide announces that the dose escalation committee has approved initiation of evening dosing after a satisfactory conclusion of the fifth dose level with FG001
 

“FluoGuide has had a fantastic start in 2021, with significant progress in our development pipeline” says Morten Albrechtsen, CEO and continue” In May we also  announced a successful capital raise of SEK 75 million  to facilitate our plans for FG001 and FG002, so I am looking forward to an intense and exciting year ahead”.  

For further information, please contact:

Morten Albrechtsen, CEO
FluoGuide A/S
Phone: +45 24 25 62 66
E-mail: ma@fluoguide.com

Certified Adviser:
Svensk Kapitalmarknadsgransking AB
Phone: +46 70 755 95 51
E-mail: ca@skmg.se
 

About FluoGuide
FluoGuide’s primary focus is to maximize surgical outcomes in oncology. The Company’s lead product, FG001, is designed to improve surgical precision by illuminating cancer cells intraoperatively. The improved precision enabled by FluoGuide’s products has a dual benefit – it reduces both the frequency of local recurrence post-surgery and lessens surgical sequelae. Ultimately, the improved precision will improve a patient’s chance of achieving a complete cure and will lower system-wide healthcare costs. The Company is conducting a proof-of-concept clinical study (phase I/II) to demonstrate the effect of FG001 in patients with high grade glioma. FluoGuide is listed on Nasdaq First North Sweden under the ticker “FLUO”.

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