earnings
confidence high
sentiment positive
materiality 0.80
UroGen reports record Q2 JELMYTO revenue of $21.1M, positive Phase 3 data for UGN-102
UroGen Pharma Ltd.
- Q2 2023 JELMYTO net revenue $21.1M (+27% YoY); net loss $24.1M ($1.03/share) vs $26.7M ($1.18) year ago.
- ENVISION Phase 3 trial met primary endpoint: 79.2% complete response at 3 months in LG-IR-NMIBC patients.
- ATLAS Phase 3 showed 55% reduction in recurrence/progression/death risk for UGN-102+TURBT vs TURBT alone.
- Completed $120M private placement of ordinary shares and pre-funded warrants to support UGN-102 launch.
- Cash and equivalents $55.3M at June 30, 2023, excluding $120M proceeds; FY revenue guidance $76-86M.