earnings
confidence high
sentiment positive
materiality 0.60
Sunshine Biopharma reports Q1 2023 revenues of $4.89M, up 2,100% YoY
Sunshine Biopharma Inc.
2023-Q1 EPS reported
-$0.08
revenue$4,894,053
- Gross revenues of $4,894,053 for Q1 2023, a 2,100% increase over Q1 2022, driven by Nora Pharma acquisition.
- Repurchased 445,711 common shares under $2M stock buyback program; shares cancelled, reducing outstanding count to 22,139,921.
- Entered research agreement with Jewish General Hospital to advance Adva-27a anticancer compound through IND-enabling studies.
- Obtained exclusive worldwide license from University of Arizona for PLpro protease inhibitors of SARS-CoV-2 (COVID-19).