Xeris Pharmaceuticals GAAP EPS of -$0.16 beats by $0.01, revenue of $29.6M beats by $0.48M

Nov. 09, 2022 7:11 AM ETXeris Biopharma Holdings, Inc. (XERS)By: Pranav Ghumatkar, SA News Editor
  • Xeris Pharmaceuticals press release (NASDAQ:XERS): Q3 GAAP EPS of -$0.16 beats by $0.01.
  • Revenue of $29.6M (+168.4% Y/Y) beats by $0.48M.
  • Ended Q3 with $93.4M in cash, cash equivalents and short-term investments; raises 2022 year-end cash balance guidance from $90M-$110M to $110M-$120M
  • Remains on track to achieve $50M in synergies by year-end 2022 and cash flow breakeven by year-end 2023
  • Reported positive topline results from its Phase 1 study of subcutaneous levothyroxine (XP-8121)
  • Published the longer-term effects of levoketoconazole (Recorlev®) from extended evaluation of SONICS study in ‘European Journal of Endocrinology.

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