v3.26.1
Unaudited Condensed Consolidated Interim Statements of Cash Flows - CHF (SFr)
SFr in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Loss before tax for the period SFr (38,914) SFr (58,606)
Non-cash adjustments:    
- Financial result (2,576) 4,679
- Depreciation of property and equipment and right-of-use assets 332 236
- Share-based compensation expense 11,644 7,170
- Post-employment loss (30) 33
- Fair value adjustment on warrant liabilities (4,117) 12,145
Working capital adjustments:    
- Decrease in other current assets 1,516 1,420
- Increase in accrued income (533) (550)
- Decrease in payables and accrued liabilities (2,865) (2,669)
- Increase in other operating assets (40) (55)
Taxes received (paid) 12 (8)
Net cash outflow from operating activities (35,571) (36,205)
Investing activities    
Payment for short-term financial assets, net (34,451) (25,081)
Interest received 489 583
Payment for intangible assets (1,087)
Payment for purchase of property and equipment (21) (139)
Net cash outflow from investing activities (33,983) (25,724)
Financing activities    
Proceeds from sale of shares in public offerings 47,775 90,227
Transaction costs related to financing activities (1,051) (6,107)
Proceeds from exercise of warrants, net 1,636 18,858
Proceeds from stock options exercised 577 1,642
Principal payment of lease obligation (231) (161)
Interest paid (69) (23)
Net cash inflow from financing activities 48,637 104,436
Net increase (decrease) in cash and cash equivalents (20,917) 42,507
Cash and cash equivalents, beginning of period 81,329 27,708
Effect of foreign exchange rate changes 1,202 (5,950)
Cash and cash equivalents, end of period 61,614 64,265
Net cash and cash equivalents variation (20,917) 42,507
Supplemental non-cash investing information    
Interest receivable recorded in other current assets 474 428
Supplemental non-cash financing information    
Transaction costs, including stamp duties, recorded in accrued expenses and other payables SFr 1,352 SFr 893