ATNX - Athenex reports Q3 earnings beat; reaffirms FY22 revenue guidance

• Athenex press release ( NASDAQ: ATNX ): Q3 GAAP EPS of -$0.14 beats by $0.01 .
• Revenue of $31.3M (+19.0% Y/Y) beats by $2.38M .
• As of September 30, 2022, the Company had cash and cash equivalents, restricted cash, and short-term investments of $41.4M.
• The Company is implementing cost savings programs and monetizing non-core assets, and as the Company completes such activities, the Company plans to extend its cash runway into next year.
• 2022 Financial Guidance: Athenex expects to maintain product sales growth in the range of 20-25% over the prior year period.

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