earnings
confidence high
sentiment neutral
materiality 0.70
TherapeuticsMD Q1 net loss $49M on flat revenue; completes $150M vitaCare sale
TherapeuticsMD, Inc.
2023-Q1 EPS
reported -$5.70
vs consensus $0.06
▼ miss
(-9413.7%)
- Total net product revenue $19.3M, down slightly from $19.6M Q1 2021.
- Net loss $49.0M ($5.69 per share) vs $39.4M loss year ago; includes $8.4M debt extinguishment loss.
- Cash $30.4M at March 31, down from $65.1M Dec 2021; used $120M vitaCare proceeds to reduce debt.
- ANNOVERA prescriptions up 27% YoY to 8,014; new prescribers up 16% YoY.
- Completed $150M divestiture of vitaCare in five weeks; $16M PIK fee waived.