— 8-K: Agile Therapeutics Q1 net revenue $5.7M (+58% QoQ); GAAP net income of $1.3M

Agile Therapeutics Q1 net revenue $5.7M (+58% QoQ); GAAP net income of $1.3M

AGILE THERAPEUTICS INC

2024-Q1 EPS reported $0.28 revenue$5,716,000

Net revenue $5.7M (+58% QoQ, +50% YoY); GAAP net income $1.3M ($0.28/share) vs. net loss $4.5M in Q4 2023.

Twirla demand 81,088 cycles (+18% QoQ, +80% YoY); factory sales 70,662 cycles (+3% QoQ, +63% YoY).

Operating expenses $6.8M (-20% YoY); cash $2.6M as of March 31, 2024.

Stock now trading on OTC market under symbol AGRX; exploring strategic opportunities.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AGILE THERAPEUTICS INC reported three months ended March 31, 2024 results: revenue $5.7 million, net income $1.3 million, EPS $0.28 per share.

Period: three months ended March 31, 2024
Revenue: $5.7 million
Net income: $1.3 million
EPS: $0.28 per share
Result: reported results

Exact text from the filing

Net Revenue: In the first quarter 2024, the Company realized net product sales revenue of $5.7 million, a 58% increase from the fourth quarter 2023 and an increase of 50% as compared to the first quarter of 2023 net revenue of $3.8 million. ● Cost of Goods Sold (COGS) : Cost of goods sold, which consists of direct and indirect costs related to the manufacturing of Twirla, were $1.7 million for the first quarter 2024 compared to the $2.2 million for the fourth quarter 2023 and compared to the $2.0 million for the first quarter 2023. ● Total operating expenses: Total GAAP operating expenses were $6.8 million for the quarter ended March 31, 2024, compared to the $5.5 million for the fourth quarter 2023 and compared to $8.5 million for the comparable period in 2023 – a decrease of 20%. ● GAAP Net income (loss): GAAP net income was $1.3 million, or $0.28 per share, for the quarter ended March 31, 2024, compared to a GAAP net loss of $4.5 million, or $1.51 per share, for the fourth quarter 2

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