XOMA reports Q4 2023 net loss $20.1M, revenue $1.8M; cash $159.6M

XOMA Royalty Corp

Full year 2023 net loss $40.8M vs $17.1M in 2022; revenue $4.8M vs $6.0M.
Closed $130M royalty-backed loan from Blue Owl for VABYSMO; cash and equivalents $159.6M.
Acquired economic interest in DSUVIA for $8M in Jan 2024; announced $50M stock repurchase program.
Owen Hughes appointed CEO, Jack Wyszomierski named Chairman effective Jan 7, 2024.
Received $15.5M in cash payments from royalties and milestones in 2023; $7.3M from VABYSMO.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

XOMA Royalty Corp reported fourth quarter and full year 2023 results: net income net loss for the fourth quarter and year ended December 31, 2023, was $20.1 million and $40.8 million, respectively.

Period: fourth quarter and full year 2023
Net income: net loss for the fourth quarter and year ended December 31, 2023, was $20.1 million and $40.8 million, respectively
Result: reported results

Exact text from the filing

In 2023, net loss for the fourth quarter and year ended December 31, 2023, was $20.1 million and $40.8 million, respectively.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

XOMA Royalty Corp reported fourth quarter and full year of 2023 results: revenue $1.8 million and $4.8 million for the fourth quarter and full year of 2023, respectively, net income net loss for the fourth quarter and year ended December 31, 2023, was $20.1 million and $40.8 million, respectively.

Period: fourth quarter and full year of 2023
Revenue: $1.8 million and $4.8 million for the fourth quarter and full year of 2023, respectively
Net income: net loss for the fourth quarter and year ended December 31, 2023, was $20.1 million and $40.8 million, respectively
Result: reported results

Exact text from the filing

XOMA recorded total revenues of $1.8 million and $4.8 million for the fourth quarter and full year of 2023, respectively.

View on SEC.gov

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Source: SEC EDGAR

accession 0001193125-24-062926

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