Puma Biotech (PBYI) Tops Q1 EPS by 53c, Revenues Beat

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Go back to Puma Biotech (PBYI) Tops Q1 EPS by 53c, Revenues Beat

Puma Biotechnology Reports First Quarter 2020 Financial Results

May 7, 2020 4:05 PM EDT

LOS ANGELES--(BUSINESS WIRE)-- Puma Biotechnology, Inc. (NASDAQ: PBYI), a biopharmaceutical company, announced financial results for the first quarter ended March 31, 2020. Unless otherwise stated, all comparisons are for the first quarter of 2020 compared to the first quarter of 2019.

Product revenue, net consists entirely of sales revenue from NERLYNX®, Pumas first commercial product. Net product revenue in the first quarter of 2020 was $48.6 million, compared to net product revenue of $45.6 million in the first quarter of 2019.

Based on accounting principles generally accepted in the United States (GAAP), Puma reported a net loss... More