earnings
confidence high
sentiment positive
materiality 0.70
Alimera Q1 revenue up 70% to $23M; adjusted EBITDA positive; reaffirms FY guidance
ALIMERA SCIENCES INC
2024-Q1 EPS reported
-$0.12
revenue$23,011,000
- Net revenue $23.0M (+70% YoY); US $14.6M (+92%), International $8.5M (+42%).
- Net loss $6.3M vs $5.0M loss in Q1 2023; adjusted EBITDA positive $1.8M vs ($2.4M) loss.
- Global end user demand 4,028 units (+23% YoY). Reaffirms FY2024 revenue of $105M and ≥20% EBITDA margin.
- Completed enrollment in Synchronicity Study (YUTIQ for uveitis); first patient randomized in DRCR Retina Network study for radiation retinopathy.
- NICE recommends ILUVIEN for phakic DME patients in UK; increased term loan by $5M with SLR Capital.