Jun 30, 2021

UroGen Q2 2021 Earnings Report

UroGen reported strong Jelmyto net product revenue and advanced its pipeline.

Key Takeaways

UroGen Pharma reported a net product revenue of $13.0 million for Jelmyto in the second quarter of 2021, representing a 70% growth over the first quarter. The company's Phase 3 ATLAS trial for UGN-102 continues to enroll patients, with nearly 100 global centers activated. UroGen also commenced Jelmyto geographic expansion efforts with a Neopharm license in Israel.

Jelmyto net product revenue reached $13.0 million in Q2 2021, a 70% increase from Q1 2021.

Nearly 100 global centers are activated for the Phase 3 ATLAS trial of UGN-102.

UroGen initiated Jelmyto geographic expansion with a Neopharm license in Israel.

A non-human primate toxicity study for UGN-301 commenced.

Total Revenue
$13M
Previous year: $372K
+3403.2%
EPS
-$1.17
Previous year: -$1.44
-18.8%
Gross Profit
$11.6M
Cash and Equivalents
$129M
Previous year: $36.4M
+255.7%
Free Cash Flow
-$19M
Total Assets
$154M

UroGen

UroGen

UroGen Revenue by Segment

Forward Guidance

The Company continues to anticipate operating expenses in the range of $155 to $165 million, including non-cash share-based compensation expense of $24 to $28 million, subject to market conditions.