Ikonisys publishes its 2023 half-year financial results and reviews its operational and strategic deployments

Regulatory News:

Ikonisys SA (Euronext Growth Paris: ALIKO), a company specializing in the early and accurate detection of cancers through a unique fully automated solution for medical analysis laboratories, today announced its financial results for the first half of the year ended June 30, 2023, approved by the Board of Directors on October 29, 2023, and provided an update on its business and development strategy.

Mario Crovetto, CEO of Ikonisys, said: "The first half of 2023 and the following months have been characterized by working on the company’s market penetration strategy. The final development of the Ikoniscope20max in late 2022 and the following installations in the USA have been an important milestone to start substituting the existing “generation 1” Ikoniscopes and initiate discussions with prospects that needed a high-volume instrument. In July we had the confirmation of the excellence of the Ikoniscope20max solution, that was flawlessly integrated in the workflows of the laboratories where it was installed. Moreover, in order to be able to provide our customers with a complete solution from processing to analysis (including reagents) we are in advanced discussion with industry players with presence both in USA and in Europe. We believe providing an end-to-end platform will be very beneficial for Ikonisys and could significantly boost our sales and our market presence in the main markets.

On the R&D side, in addition to the fine-tuning of the Ikoniscope20max, we have been working intensively in the update of existing application using deep learning, thanks also to the first outcome of the collaboration with Polytechnic of Milano, and in the creation of new applications for our most advanced projects: Circulating Tumor Cells (CTC) and immuno-oncology. As demonstrated by the recent sales of the Ikoniscope20max, our ability to transform R&D investments into concrete commercial advances is well proven and we will continue to work hard in order to anticipate future needs in cancer diagnostics and continue to provide best-in-class solutions to laboratories and through them to all the people that in the years have been tested using one of our instruments."