Alimera Sciences Reports Second Quarter 2023 Results
Consolidated Net Revenue of $17.5 Million Up 20% vs. Second Quarter of 2022
- Consolidated Net Revenue of $17.5 Million Up 20% vs. Second Quarter of 2022
Global End User Demand for ILUVIEN Up 13.5% vs. Second Quarter of 2022
ATLANTA, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Alimera Sciences, Inc. (Nasdaq: ALIM) (“Alimera”), a global pharmaceutical company whose mission is to be invaluable to patients, physicians, and partners concerned with retinal health and maintaining better vision longer, today announced financial results for the second quarter of 2023. - The transaction has provided immediate results, despite planned costs of combining the two products in our infrastructure, contributing to the generation of positive Adjusted EBITDA in the second quarter,” said Rick Eiswirth, Alimera’s President and Chief Executive Officer.
- In addition, YUTIQ generated an additional 440 units of end user demand in the second quarter from the date of acquisition in late May.
- As of June 30, 2023, Alimera had cash and cash equivalents of approximately $18.8 million, compared to $13.1 million at March 31, 2023.