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Jun 30, 2021

Kala Bio Q2 2021 Earnings Report

Kala Pharmaceuticals reported financial results for the second quarter ended June 30, 2021 and provided a corporate update.

Key Takeaways

Kala Pharmaceuticals reported net product revenues of $3.1 million for the quarter ended June 30, 2021. EYSUVIS prescriptions increased by 93% compared to the first quarter of 2021. The company expanded commercial coverage for EYSUVIS to more than 96 million lives.

EYSUVIS prescriptions increased by 93% compared to the first quarter of 2021.

Commercial coverage for EYSUVIS expanded to more than 96 million lives.

Net product revenues reached $3.1 million in the second quarter of 2021.

Kala recently expanded its sales force from 91 to 105 ophthalmic sales professionals.

Total Revenue
$3.05M
Previous year: $833K
+266.3%
EPS
-$28.5
Previous year: -$21
+35.7%
Gross Profit
$2.04M
Cash and Equivalents
$150M
Previous year: $185M
-18.9%
Total Assets
$215M
Previous year: $246M
-12.2%

Kala Bio

Kala Bio

Kala Bio Revenue by Segment

Forward Guidance

Kala anticipates that its cash resources as of June 30, 2021, together with anticipated revenue from EYSUVIS and INVELTYS, will enable it to fund its operations for at least two years.