earnings
confidence high
sentiment positive
materiality 0.80
TG Therapeutics Q3 total net revenue $165.8M; BRIUMVI net sales $25.1M, net income $113.9M
TG THERAPEUTICS, INC.
2023-Q3 EPS reported
$0.19
revenue$189,691,000
- BRIUMVI net sales $25.1M in Q3; ~$48.9M cumulative since launch; ~2,200 prescriptions from 500+ providers.
- License revenue $140.0M from Neuraxpharm upfront for ex-U.S. commercialization of BRIUMVI in RMS.
- Net income $113.9M vs net loss $35.8M YoY; cash position $229.2M as of Sept 30, 2023.
- Payor coverage for ~95% of covered lives; permanent J-Code (J2329) effective July 1, 2023.
- Company expects existing cash plus BRIUMVI revenues to fund operations into cash flow positivity.