Strong Early EXXUA Launch Momentum
EXXUA generated $2.4M in net revenue in the quarter (first meaningful commercial quarter) with more than 1,300 prescriptions written in Q3 and continued growth into April (over 920 prescriptions). Prescriptions progressed monthly from ~200 (Jan) to ~400 (Feb) to >700 (Mar) and +26% month-over-month in April.
Rapid Unit Growth and Channel Activity
Gross unit sales in Q3 were 3,335 units (1,807 30-count units and 1,528 titration units). Since launch total gross unit sales were 3,881 units (≈1,991 30-count; 1,890 titration). April shipments exceeded 1,300 units, a 51% sequential increase versus March.
Early Prescriber Adoption
More than 450 unique prescribers wrote EXXUA in the quarter, representing ~10–13% of the initial ~3,500–4,000 target prescriber universe. Prescriptions have been written in 41–42 states, including areas without a physical sales presence.
Encouraging Refill and Titration Signals
Early refill activity and high utilization of titration packs indicate tolerability and continuation: notable conversion from titration to 30-day supplies with refill activity beginning to appear despite a very small early patient base.
RxConnect and Payer Dynamics Performing Well
RxConnect is supporting access with a no-cost 14-day titration pack and guaranteed month 1–2 coverage for commercially insured patients. Within the RxConnect network, management reports approval rates over ~70% on prior authorizations and improving coverage across commercial, Medicaid and Medicare channels.
Attractive Unit Economics
Management expects EXXUA unit economics to be favorable: roughly 31% cost of goods sold and ~69% gross contribution margin before fixed costs; product includes a 28% royalty and a true-up on COGS, supporting attractive long-term margins (mid- to high-60% gross margins expected over time).
Balance Sheet Improvement from Warrant Amendment
Warrant amendments reduced derivative warrant liabilities and increased stockholders' equity by $26.4M at quarter end. Stockholders' equity rose to $35.1M on March 31, 2026, improving the balance-sheet presentation and reducing future noncash earnings volatility tied to warrant accounting.