Financial Outlook
The Company provides the following guidance on its future results:
• Product sales expected to grow to €170-180 million in 2025, driving positive cash-flows for the overall commercial business
• Total revenues expected to reach €180-190 million in 2025
• Total R&D investments expected between €90 - €100 million in 2025, which will be partially offset by grant fundings and anticipated R&D tax credits
• Continued stringent focus on cash management supporting sufficient cash runway to reach key inflection points; targeting more than 50% lower operating cash burn in 2025
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