Q1 2024 Revenue: Reported at $92.8 million, a 34.9% increase year-over-year, surpassing the estimated $85.6 million.
Net Loss: Recorded at $35.4 million for Q1 2024, an improvement from a net loss of $53.3 million in Q1 2023, and better than the estimated net loss of $43.01 million.
Earnings Per Share (EPS): Reported at -$0.17, better than the estimated -$0.21.
ORLADEYO Net Revenue: Grew by 30% year-over-year to $88.9 million, driving the majority of the quarter's revenue.
Research and Development (R&D) Expenses: Decreased by 3.9% year-over-year to $46.5 million, reflecting strategic cuts and reallocation.
Selling, General and Administrative (SG&A) Expenses: Increased by 24% year-over-year to $59.4 million, due to expansion efforts.
2024 Financial Outlook: Adjusted full-year ORLADEYO revenue guidance to $390-$400 million, indicating strong performance and market confidence.
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