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Mar 31, 2023
Liquidia Q1 2023 Earnings Report
Liquidia reported financial results for the first quarter ended March 31, 2023.
Key Takeaways
Liquidia Corporation reported a net loss of $11.7 million for Q1 2023, with revenue of $4.5 million, primarily from the Promotion Agreement. The company secured additional capital through a revenue interest financing agreement with HealthCare Royalty, receiving $31.8 million net proceeds.
Secured access to additional capital with revenue interest financing, receiving $31.8 million net proceeds.
Advanced appeals of legal rulings in Hatch-Waxman and PTAB litigation.
Revenue increased to $4.5 million, primarily due to increased quantities and favorable gross-to-net rebate adjustments.
Net loss decreased to $11.7 million, or $0.18 per basic and diluted share.
Revenue by Segment
Forward Guidance
Liquidia anticipates reaching final legal resolution in late 2023 or the first half of 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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