2023-03-09 07:42:09 ET
- Akebia press release ( NASDAQ: AKBA ): Q4 GAAP EPS of -$0.04 beats by $0.15 .
- Revenue of $55.18M (-7.4% Y/Y) beats by $7.78M .
- Net product revenue was $49.7 million in the fourth quarter of 2022 compared to $42.1 million in the fourth quarter of 2021, an 18.1% increase.
- License, collaboration, and other revenue was $5.5 million for the fourth quarter of 2022 compared to $17.5 million for the fourth quarter of 2021
- Cash and cash equivalents as of December 31, 2022 were $90.5 million. Akebia believes that its cash resources will be sufficient to fund its current operating plan for at least the next twelve months.
- Sets 2023 Auryxia net product revenue guidance at $175-$180M
- Shares +3.88% PM.
For further details see:
Akebia GAAP EPS of -$0.04 beats by $0.15, revenue of $55.18M beats by $7.78M