Successful FDA Approval and Upcoming Launch of GRAFAPEX
GRAFAPEX received FDA approval and holds Orphan Drug Designation, offering at least seven years of exclusivity in the U.S. The company is preparing for a commercial launch with expectations of product availability by April 2025 and potential annual revenue exceeding $100 million within five years.
Positive Financial Performance in Fiscal Q3 2025
Revenue increased to $30 million from $25.2 million in the same period last year. Adjusted EBITDA rose to $5.8 million from $3.2 million, and net income improved to $0.7 million from a loss of $0.5 million. Operating income increased to $3.8 million from $1.6 million.
Strong Cash Position and Successful Equity Offering
Completion of a CAD30 million public offering with net proceeds of approximately $19.7 million USD, enhancing the balance sheet and de-risking financial obligations.
Growth in Rupall and Gleolan Demand
Rupall unit demand in Canada increased by 18%, and Gleolan unit demand in the U.S. grew by 8% over the trailing 12-month period.