Overview
US pharmaceutical royalty company's Q1 license revenue rose yr/yr, driven by Mayne License Agreement
Company swung to net income from continuing operations after loss in prior-year quarter
TherapeuticsMD continues to evaluate strategic alternatives, including possible sale or merger
Outlook
Company continues to evaluate strategic alternatives, including possible merger, acquisition or asset sale
Result Drivers
LICENSE REVENUE GROWTH - Co said Q1 license revenue increase was mainly due to higher sales of products under the Mayne License Agreement
LOWER OPERATING EXPENSES - Co attributed reduced operating expenses to absence of prior-year write-off, and lower professional fees and share-based compensation
Company press release: ID:nBw80SKNna
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income from Cont Ops
$103,000
Q1 Operating Expenses
$1.45 mln
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)