earnings
confidence high
sentiment positive
materiality 0.70
Aytu BioPharma Q2 FY2023 revenue $26.3M (+14% YoY); second consecutive positive adjusted EBITDA $0.7M
AYTU BIOPHARMA, INC
2023-Q2 EPS reported
-$2.62
revenue$53,934,000
- Net revenue $26.3M, up 14% YoY; Rx segment $18.0M (+23%) driven by 95% growth in pediatric products.
- Adjusted EBITDA positive $0.7M vs $(7.6)M loss in year-ago quarter; second consecutive positive quarter.
- Net loss $(6.7)M ($2.15 per share) improved from $(11.5)M ($8.74 per share) in Q2 FY2022.
- Gross margin expanded to 66% from 53% YoY; suspension of clinical programs expected to save over $20M.
- Extended interest-only period on Avenue loan to Jan 2024; 1-for-20 reverse stock split regained Nasdaq compliance.