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Mar 31, 2022

Eton Q1 2022 Earnings Report

Eton Pharmaceuticals reported first quarter results with revenue increase driven by ALKINDI SPRINKLEĀ®, carglumic acid, and RezipresĀ®.

Key Takeaways

Eton Pharmaceuticals reported a net loss of $5.3 million for the first quarter of 2022, with product sales and royalty revenue of $2.2 million. The company is experiencing growth in ALKINDI SPRINKLEĀ® and the launch of carglumic acid and RezipresĀ®.

Reported fifth straight quarter of sequential growth in product sales.

Carglumic acid product launched in late-December 2021 received a favorable reception.

ALKINDI SPRINKLEĀ® continues to grow and reported record quarterly revenue.

Eton expects 2022 revenue of at least $25 million, including $10 million of milestone payments and $15 million of product sales and royalties.

Total Revenue
$2.18M
Previous year: $11.9M
-81.7%
EPS
-$0.21
Previous year: $0.19
-210.5%
Gross Profit
$1.46M
Previous year: $10.3M
-85.9%
Cash and Equivalents
$15.2M
Previous year: $25.1M
-39.4%
Free Cash Flow
$1.21M
Total Assets
$23.2M
Previous year: $31.2M
-25.6%

Eton

Eton

Forward Guidance

Eton expects 2022 revenue of at least $25 million, including $10 million of milestone payments and $15 million of product sales and royalties.