Foamix (FOMX) Tops Q1 EPS by 1c

Foamix (NASDAQ: FOMX) reported Q1 EPS of ($0.28), $0.01 better than the analyst estimate of ($0.29). Revenue for the quarter came in at $308 thousand versus the consensus estimate of $1.02 million.

“Foamix has achieved a number of important milestones so far in 2019,” said David Domzalski, CEO of Foamix. “The New Drug Application (NDA) for our most advanced candidate, FMX101 for acne, has been accepted for review by the FDA, putting us on track for our first potential approval in the U.S. in October this year. We are also on track to file our second NDA, for FMX103 in papulopustular rosacea, by mid-year. Our pipeline is also advancing, and we are building our sales and marketing capabilities as we prepare to launch FMX101 early next year.”

For earnings history and earnings-related data on Foamix (FOMX) click here.

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