Free Cash Flow GenerationSaniona’s operating and free cash flow turned strongly positive in 2024 and TTM, with FCF close to net income. Durable cash generation improves runway, funds discovery and clinical work internally, and reduces near-term dilution risk versus peers reliant on continual financings.
Revenue And Profitability InflectionThe company recorded a material operating and net income turnaround in 2024/TTM alongside meaningful revenue acceleration. If sustained, this supports reinvestment in the pipeline and strengthens credibility with partners, lowering execution risk on future deals and milestones.
Partnering/licensing Business ModelA licensing/partnering model reduces commercialization burden and caps internal capex needs. Upfronts, milestones and potential royalties create non-linear upside tied to partner development and approvals, enabling value capture from R&D without large-scale sales infrastructure.