earnings
confidence high
sentiment positive
materiality 0.80
Heron reports preliminary FY2022 revenue $106.7M (+24% YoY); oncology franchise beats guidance
HERON THERAPEUTICS, INC. /DE/
2022-FY EPS reported
-$1.67
revenue$107,672,000
- Preliminary full-year 2022 net product sales $106.7M, up 24% YoY; oncology franchise $96.6M vs guidance $93-95M.
- Q4 2022 ZYNRELEF net sales ~$3.8M, up 40% vs Q3; demand units 20,765 (+38%).
- Full-year 2023 oncology franchise guidance $99-103M; APONVIE launch expected Q1 2023.
- sNDA for expanded ZYNRELEF indication submitted to FDA Dec 2022; 10-month action date.
- NOPAIN Act provides separate CMS reimbursement for ZYNRELEF through Dec 2027.