earnings
confidence high
sentiment positive
materiality 0.75
Eton Pharma Q3 2022 revenue $3.2M (+315% YoY); net loss narrows to $3.0M
Eton Pharmaceuticals, Inc.
2022-Q3 EPS reported
-$0.40
revenue$12,753,000
- Product sales and royalties $3.2M, up 315% YoY and 37% sequentially, 7th straight sequential growth.
- Net loss $3.0M ($0.12/share) vs $6.1M ($0.24/share) prior year; gross profit $2.0M vs $0.1M.
- ALKINDI SPRINKLE sales grew 183% YoY and 19% QoQ; Carglumic Acid sales up 40% QoQ.
- Acquired Betaine Anhydrous, a third FDA-approved rare disease product, expected accretive in 2023.
- Zonisade FDA approval triggered $5M milestone payment, to be recognized in Q4 2022; cash $13.4M.