Optinose Provides Corporate Updates; Expects To Produce Positive Income From Operations For Full Year 2025
Portfolio Pulse from Benzinga Newsdesk
Optinose announced a corporate update, expecting to achieve positive income from operations by 2025. Preliminary Q1 2024 XHANCE net product revenue is $14.9 million, a 26% increase from Q1 2023. Peak XHANCE revenues are anticipated to exceed $300 million, targeting ENT and Allergy specialists.
April 25, 2024 | 11:29 am
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Optinose expects positive operational income by 2025, with a significant 26% YOY growth in Q1 2024 for XHANCE and peak revenues to exceed $300 million.
The announcement of expected positive income from operations by 2025 and a significant year-over-year growth in XHANCE net product revenue for Q1 2024 indicates strong operational performance and growth prospects. The focus on a specialty audience for XHANCE, which is expected to drive revenues beyond $300 million, suggests a strategic targeting that could enhance market penetration and sales. These factors are likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
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