Camurus Ab (CAMRF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.908 -- 00:00:03.331 Thank you so much, Einar. And hello, everyone. 00:00:03.331 -- 00:00:06.916 Welcome to our third quarter earnings call. 00:00:06.916 -- 00:00:13.261 It's a beautiful autumn day here in Lund, Sweden, where we are sending this from. 00:00:13.364 -- 00:00:19.892 I will assume that you have read our forward-looking statements going forward here. 00:00:19.892 -- 00:00:25.560 So, again, the call today is as follows. We start with third quarter highlights, 00:00:25.560 -- 00:00:31.980 move on to financial and commercial performance reviews, followed by an update on R&D, 00:00:31.980 -- 00:00:37.205 and then we'll finish off with key takeaways and Q&A. 00:00:37.348 -- 00:00:42.436 With me on the call today is Anders Wadsholt, Chief Financial Officer, and Richard 00:00:42.436 -- 00:00:46.222 Jameson, Chief Commercial Officer. During 00:00:46.222 -- 00:00:51.330 the quarter, cameras delivered strong profitability, continued progress 00:00:51.330 -- 00:00:57.075 of pipeline programs, and prepared for the launch of our next commercial product. 00:00:57.170 -- 00:00:58.631 Starting 00:00:58.631 -- 00:01:01.974 then here with some highlights. 00:01:01.974 -- 00:01:07.319 On the financial side, our quarterly revenues increased by 18% year-on-year, 25% 00:01:07.319 -- 00:01:13.164 at constant exchange rate to 575 million SEK, 00:01:13.164 -- 00:01:16.907 driven by higher Bixadi royalties. 00:01:16.907 -- 00:01:22.151 Profitability remains strong, growing 48% to 245 00:01:22.151 -- 00:01:27.832 million SEK, increasing our cash position to 3.5 billion. 00:01:27.832 -- 00:01:33.858 We maintained our profit guidance. However, due to the headwinds we have had, 00:01:33.858 -- 00:01:37.742 we have lowered our full-year revenue guidance. 00:01:37.742 -- ...