AcelRx Pharmaceuticals, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 04:31 pm EST
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AcelRx Pharmaceuticals, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 0.507 million compared to USD 1.86 million a year ago. Net loss was USD 6.75 million compared to USD 8.38 million a year ago. Basic loss per share from continuing operations was USD 0.94 compared to USD 1.4 a year ago. Diluted loss per share from continuing operations was USD 0.94 compared to USD 1.4 a year ago.
For the nine months, revenue was USD 1.52 million compared to USD 2.82 million a year ago. Net income was USD 55.24 million compared to net loss of USD 27.18 million a year ago. Basic earnings per share from continuing operations was USD 7.48 compared to basic loss per share from continuing operations of USD 4.64 a year ago. Diluted earnings per share from continuing operations was USD 7.46 compared to diluted loss per share from continuing operations of USD 4.64 a year ago.
Talphera, Inc., formerly AcelRx Pharmaceuticals, Inc., is a specialty pharmaceutical company. The Company is focused on the development and commercialization of therapies for use in medically supervised settings. The Company's nafamostat product candidates include Niyad and LTX-608. Niyad is focused on developing regional anticoagulants for injection into the extracorporeal circuit, such as the dialysis circuit during continuous renal replacement therapy (CRRT) for acute kidney injury (AKI) patients in the hospital, and for chronic kidney disease patients undergoing intermittent hemodialysis (IHD) in dialysis centers. LTX-608 is nafamostat formulation for direct intravenous (IV) infusion that shall be investigated and developed as a potential anti-viral for the treatment of COVID, acute respiratory distress syndrome (ARDS) disseminated intravascular coagulation (DIC), and acute pancreatitis. The Company is also engaged in developing two pre-filled syringes, namely Fedsyra and PFS-02.