v3.25.4
Consolidated Statement of Cash Flows - CHF (SFr)
SFr in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of cash flows [abstract]      
Net result attributable to shareholders SFr (61,651) SFr (54,043) SFr (61,984)
Adjustments for:      
Depreciation and amortization 2,144 2,369 2,420
Social security and tax paid on behalf of employees on shares vested under the PSU and RSU program (325) 0 0
Share-based compensation costs 4,419 4,105 5,207
Change in employee benefits (546) (670) 535
Income tax 2 2 0
Financial income (1,522) (7,214) (4,279)
Financial expenses 5,047 38 5,155
Changes in working capital:      
Change in other current assets 335 237 1,424
Change in trade and other receivables 485 (347) (933)
Change in trade and other payables 65 524 (812)
Change in contract liability 0 (4,333) (5,713)
Change in accrued expenses 343 161 45
Exchange (loss) gain on working capital positions (18) (39) (21)
Interest paid (18) (26) (34)
Other financial expense (15) (12) (15)
Net cash (used in) from operating activities (51,257) (59,248) (59,005)
Proceeds from investments in short-term time deposits 137,814 277,015 319,443
Investments in short-term time deposits (66,278) (240,045) (277,825)
Acquisition of property, plant and equipment (714) (705) (575)
Acquisition of intangible assets 0 (18) (233)
Interest received 1,727 4,239 3,827
Net cash from (used in) investing activities 72,549 40,486 44,637
Proceeds from issuance of new shares 0 17,342 0
Proceeds from vesting under the LTI plans 62 0 0
Transaction costs on issue of shares 0 (1,741) 0
Proceeds from issuance of shares under LTI plans 1 40 31
Payment of lease liabilities (1,212) (1,208) (1,198)
Net cash from (used in) financing activities (1,149) 14,433 (1,167)
Exchange (loss) gain on cash positions (1,364) 894 (5,102)
Net increase (decrease) in cash and cash equivalents 18,779 (3,435) (20,637)
Cash and cash equivalents at January 1 63,874 67,309 87,946
Cash and cash equivalents at December 31 SFr 82,653 SFr 63,874 SFr 67,309