Puma Biotechnology announced its Q3 2023 financial results, with a net income of $5.8 million, or $0.12 per basic and diluted share, compared to a net loss of $0.4 million in Q3 2022. Total revenue was $56.1 million, including $51.6 million from product revenue and $4.5 million from royalty revenue.
Puma Biotechnology reported a net income of $5.8 million, or $0.12 per basic and diluted share.
Non-GAAP adjusted net income was $8.3 million, or $0.18 per basic share and $0.17 per diluted share.
Total revenue was $56.1 million, including $51.6 million from product revenue and $4.5 million from royalty revenue.
Net cash provided by operating activities was $10.7 million.
Puma Biotechnology anticipates product revenue between $56 million and $59 million and royalty revenue between $16 million and $19 million for the fourth quarter of 2023. Net income is expected to be between $13 million and $16 million.
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