Jun 30, 2022

scPharmaceuticals Q2 2022 Earnings Report

scPharmaceuticals reported second quarter 2022 financial results and provided a business update.

Key Takeaways

scPharmaceuticals announced FDA acceptance of FUROSCIX® New Drug Application and Prescription Drug User-Fee Act target action date of October 8, 2022. The company ended the second quarter with $56.0 million in cash, cash equivalents, restricted cash and investments. scPharmaceuticals reported a net loss of $9.7 million for the second quarter of 2022.

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

Advanced commercial readiness activities in anticipation of a Q4 2022 commercial launch of FUROSCIX, if approved.

Announced positive results from the AT HOME-HF Phase 2 Pilot study, showing a 37% reduction in heart failure hospitalization risk with FUROSCIX.

Ended Q2 with cash, cash equivalents, restricted cash and investments of $56.0 million.

EPS
-$0.35
Previous year: -$0.26
+34.6%
Cash and Equivalents
$56M
Previous year: $90.2M
-37.9%
Free Cash Flow
-$7.18M
Total Assets
$59.2M
Previous year: $93.6M
-36.8%

scPharmaceuticals

scPharmaceuticals

Forward Guidance

The Company forecasts its 2022 net loss to be $43 to $48 million.