Palatin Sees Prelim. Q1 Gross Product Revenue $4.6M, Up 11% QoQ Ad Up 100% YoY
Portfolio Pulse from Benzinga Newsdesk
Palatin Technologies (PTN) has reported preliminary Q1 gross product revenue of $4.6 million, marking an 11% increase quarter-over-quarter and a 100% increase year-over-year.
October 19, 2023 | 11:35 am
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POSITIVE IMPACT
Palatin's Q1 gross product revenue has increased by 11% QoQ and 100% YoY, indicating strong sales performance.
The reported increase in Palatin's Q1 gross product revenue indicates a strong sales performance. This positive financial result could potentially lead to an increase in the company's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100