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Eton Pharmaceuticals Reports Third Quarter 2024 Financial Results
ETONEton Pharmaceuticals(ETON) GlobeNewswire News Room·2024-11-12 21:01

Reported total revenue of 10.3millionandGAAPNetIncomeof10.3 million and GAAP Net Income of 0.6 million, or 0.02perdilutedshareEnteredintoanassetpurchaseagreementtoacquireIncrelex®(mecasermininjection)Q32024productsalesincreased400.02 per diluted shareEntered into an asset purchase agreement to acquire Increlex® (mecasermin injection)Q3 2024 product sales increased 40% over Q3 2023, representing 15th straight quarter of sequential product sales growthProduced positive quarterly GAAP net income from product sales for first time in company historyGenerated cash from operations of 2.9 million in Q3 2024Granted additional patent for ET-400Management to hol ...