earnings
confidence high
sentiment negative
materiality 0.70
TG Therapeutics Q3 net loss $85.6M; UKONIQ revenue $2.0M; ublituximab BLA for RMS submitted
TG THERAPEUTICS, INC.
2022-Q3 EPS reported
-$1.93
revenue$4,368,000
- Net loss $85.6M Q3, $254.8M nine months; ex-stock comp net loss $71.6M and $207.8M.
- Product revenue $2.0M Q3, $4.3M YTD from UKONIQ launch (approx 7 months post-approval).
- BLA for ublituximab submitted for RMS; PDUFA date for U2 in CLL set for March 25, 2022.
- Cash $381.4M as of Sept 30; expected to fund operations into 2023.
- R&D $52.0M and SG&A $34.9M in Q3; costs increased due to regulatory submissions and launch.