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Mar 31, 2022

scPharmaceuticals Q1 2022 Earnings Report

scPharmaceuticals reported financial results for Q1 2022 and provided a business update.

Key Takeaways

scPharmaceuticals reported a net loss of $7.7 million for the first quarter of 2022. The company ended the quarter with $65.6 million in cash, cash equivalents, restricted cash and investments. The FDA has accepted for review its New Drug Application (NDA) resubmission for FUROSCIX with a target action date of October 8, 2022.

FDA accepted for review the NDA resubmission for FUROSCIX with a PDUFA target action date of October 8, 2022.

Continued to advance commercial readiness activities in anticipation of a Q4 2022 commercial launch of FUROSCIX, if approved.

Ended Q1 2022 with $65.6 million in cash, cash equivalents, restricted cash and investments.

Reported a net loss of $7.7 million for the first quarter of 2022.

EPS
-$0.28
Previous year: -$0.26
+7.7%
Cash and Equivalents
$65.6M
Previous year: $96.5M
-32.0%
Free Cash Flow
-$7.38M
Total Assets
$68.9M
Previous year: $100M
-31.3%

scPharmaceuticals

scPharmaceuticals

Forward Guidance

Based on its current operating plan, the Company reiterates its 2022 forecast and expects net loss to be $43 to $48 million.