Revenue Growth
Total revenues for the first quarter of 2025 were $8.6 million, a 9% increase compared to the same period in the prior year.
Cost Control and Efficiency
Cost of revenue and operating costs were lower than the same period of the previous year. Cost of revenues decreased by 22.1%, and SG&A expenses decreased by 6.5%.
Patent and Product Development
A new formulation of Ameluz received patent protection until December 2043. The company is also advancing clinical trials for expanding the use of Ameluz.
Operational Milestones
Enrollment of the final patient in a Phase III clinical trial for Ameluz and completion of a key milestone in another Phase III study.
Profit and EBITDA Improvement
Gross profit increased, and adjusted EBITDA improved, driven by reduced cost structure and increased sales.