---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-006648"
form_type: "8-K"
ticker: "PTN"
cik: "0000911216"
company_name: "PALATIN TECHNOLOGIES INC"
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-15T00:23:00.310229+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Palatin Q3 FY2023 net loss $7.1M; Vyleesi revenue up 453% YoY; Phase 3 dry eye data positive

## Summary
- Net loss $7.1M ($0.63/share) vs $7.6M ($0.80) prior year; operating expenses $8.5M.
- Vyleesi net product revenue $1.2M (+16% QoQ, +453% YoY); gross sales $3.4M (+165% YoY).
- Phase 3 PL9643 dry eye lead-in (120 pts) showed statistical separation on signs/symptoms; final data expected H2 2023.
- Cash $19.6M plus $1.7M receivables; expects to fund operations through CY2023.
- Received $4.7M non-dilutive funding from NJ Economic Development Authority.

## SEC filing metadata
- accession: 0001654954-23-006648
- form_type: 8-K
- ticker: PTN
- cik: 0000911216
- company_name: PALATIN TECHNOLOGIES INC
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/911216/000165495423006648/0001654954-23-006648-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/911216/000165495423006648/ptn_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-006648
- JSON: https://secwatch.observer/filing/0001654954-23-006648.json
- Plain text: https://secwatch.observer/filing/0001654954-23-006648.txt

## Key facts
- Earnings Releases
  PALATIN TECHNOLOGIES INC reported fiscal third quarter ended March 31, 2023 results: revenue net product revenue of $1.2 million.
  - Period: fiscal third quarter ended March 31, 2023
  - Revenue: net product revenue of $1.2 million
  - Result: reported results
  source text: For the fiscal third quarter ended March 31, 2023: – Gross product sales were $3.4 million, an increase of 31% over the prior quarter, and an increase of 165% over the comparable quarter last year. – Net product revenue of $1.2 million increased 16% over the prior quarter and increased 453% over the comparable quarter last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/911216/000165495423006648/0001654954-23-006648-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.