NextCell publishes its Year-End Report 2023/2024

October 24, 2024

NextCell Pharma AB (publ) (NXTCL or NextCell) publishes its Year-End Report for the period September 1, 2023 – August 31, 2024. The report is available on the company’s website: https://www.nextcellpharma.com/en/investors#financial-report. NextCells share is traded on Nasdaq First North Growth Market under the ticker "NXTCL". The amount in brackets refers to the corresponding period in the previous year.

 

Fourth quarter (2024-06-01 until 2024-08-31)

  • Operating income amounted to 1,696 (3,947) TSEK, of which Cellaviva amounted to 1,643 (2,758) TSEK.
  • Net Income amounted to 1,643 (2,758) SEK
  • Operating result amounted to -13,249 (-8,640) TSEK.
  • Earnings per share* amounted to -0.22 (-0.25) SEK.
  • Cash and Bank amounted to 46,791 (50,025) TSEK.
  • Solidity** amounted to 83.8 (85.3) percent.
     

Twelve months (2023-09-01 till 2024-08-31)

  • Operating income amounted to 11,278 (13,955) TSEK, of which Cellaviva amounted to 10,665 (10,113) TSEK.
  • Net Income amounted to 10,665 (10,113) SEK
  • Operating result amounted to -41,960 (-39,812) TSEK.
  • Earnings per share* amounted to -1.03 (-1.16) SEK.
  • The Board of Directors proposes that no dividend shall be paid for the financial year.
     

Earnings per share: Profit for the period divided by average number of shares. Average number of shares for the fourth quarter 2023/2024: 59,979,085 (34,379,523) shares. Number of shares in NextCell as of August 31, 2024: 73,091,327 (34,379,523) shares.

**Solidity: Equity to total balance sheet.

Significant events in the fourth quarter

  • At the beginning of June, NextCell announced that the Company had agreed on a so-called top guarantee of a total of approximately SEK 8.0 million, corresponding to approximately 20.0 percent of the issue volume. Through the additional top guarantee, the Rights Issue is covered up to approximately 100 percent by subscription and guarantee commitments.
     
  • At the beginning of June, NextCell announced that the company's Board of Directors, management and key employees, who have previously entered into subscription commitments of up to a total of approximately SEK 1.5 million, announced that they will register their interest in subscribing for units for a total of approximately SEK 3.3 million, corresponding to 8.2 percent of the rights issue.
  • The company announced in mid-June that the Data Safety Monitoring Board for the ProTrans-Young study had recommended the principal investigator, Professor Per-Ola Carlsson, to continue with treatment of children in the younger age group 7-11 years. This decision is based on a review of all safety data from the 36 children and adolescents who have participated in the study so far. The recruitment of the 30 children aged 7-11 will begin in August 2024.
  • In mid-June, NextCell announced the outcome of the rights issue. The rights issue was oversubscribed and NextCell will receive approximately SEK 40.1 million before deduction of issue costs.
  • At the beginning of July, NextCell announced that it is carrying out a directed share issue to guarantors in connection with the completed rights issue, corresponding to 894,232 units, which reduces the guarantee compensation by approximately SEK 1.34 million.
     

Significant after the fourth quarter

  • At the beginning of September, the company presented new long-term clinical data at the International Society for Cell and Gene Therapy (ISCT) 2024 Regional Meeting. The results show the long-term safety of the treatment, efficacy by preserving endogenous insulin production and more health benefits in patients of patients with type 1 diabetes (T1D) such as lower BMI and blood pressure.
     
  • At the end of September, the company announced that the first four children in the age group 7–11 years had been treated in the latest part of the ProTrans-Young study, and that four more children had been screened and are expected to start their treatment shortly. These advances mark an important milestone in the course of the study that is progressing faster than expected.
     
  • The company announced in early October that ProTrans was highlighted as a promising treatment for type 1 diabetes in Dagens Medicin.
     

This disclosure contains information that NextCell Pharma AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 24-10-2024 07:30 CET.

For more information about NextCell Pharma, please contact
Mathias Svahn, CEO
Patrik Fagerholm, CFO
Tel: +46 8 735 55 95
E-mail: info@nextcellpharma.com
Website:www.nextcellpharma.com

Linkedin: https://www.linkedin.com/NextCell-Pharma
Twitter: https://twitter.com/NextCellPharma


For more information about Cellaviva, please contact
Sofie Falk Jansson, CEO Cellaviva AB
Tel: +46 8 735 20 10
E-mail: info@cellaviva.se
Website:www.cellaviva.se


Facebook: https://www.facebook.com/cellavivasverige
Instagram: https://www,instagram.com/cellaviva

Download attachmentRead full press release on Cision (external link)
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THIS PRESS RELEASE MAY NOT BE RELEASED, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND, CANADA, HONG KONG, BELARUS, RUSSIA OR IN ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLISHING OR DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR REQUIRE REGISTATION OR OTHER MEASURES IN ADDITION TO THOSE REQUIRED BY SWEDISH LAW. SEE SECTION "IMPORTANT INFORMATION" AT THE END OF THIS PRESS RELEASE. The Board of Directors of NextCell Pharma AB (publ) (“NextCell” or the “Company”) has today, based on the authorisation from the Annual General Meeting on 30 November 2023, resolved on a directed issue of 894,329 units to guarantors who provided guarantee commitments in the rights issue of units resolved upon by the Board of Directors on 24 April 2024 (the “Right Issue”), in accordance with guarantee agreements entered into (the “Remuneration Issue”). Each (1) unit consists of one (1) newly issued share and one (1) warrant of series TO2. The subscription price in the Remuneration Issue is SEK 1.50 per unit and payment is made by offsetting the guarantors’ claims on the Company.
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