Epizyme Reports Business Progress and First Quarter 2020 Financial Results

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Epizyme (EPZM) Tops Q1 EPS by 23c, Revenues Miss

May 4, 2020 6:32 AM EDT

Epizyme (NASDAQ: EPZM) reported Q1 EPS of ($0.51), $0.23 better than the analyst estimate of ($0.74). Revenue for the quarter came in at $1.35 million versus the consensus estimate of $3.68 million.

First Quarter 2020 Financial Results

Cash Position: Cash, cash equivalents and marketable securities were $376.5 million as of March 31, 2020, as compared to $381.1 million as of December 31, 2019.Revenue: Total revenue for the first quarter of 2020 was $1.4 million, comprised of $1.3 million in net sales of TAZVERIK in the U.S. from the first two months of commercialization following its launch in January 2020 and $0.1 million in collaboration revenue, compared to... More