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Stock impact report

Aurinia narrows 2Q net loss as Lupkynis sales regain momentum [Seeking Alpha]

Aurinia Pharmaceuticals Inc - Common Shares (AUPH) 
Last aurinia pharmaceuticals inc - common shares earnings: 3/5 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.auriniapharma.com
Company Research Source: Seeking Alpha
Aurinia narrows 2Q net loss as Lupkynis sales regain momentumAug. 04, 2022 7:49 AM ETAurinia Pharmaceuticals Inc. (AUPH)By:Dulan LokuwithanaSA News EditorZerbor/iStock via Getty ImagesCanadian biotech Aurinia Pharmaceuticals (NASDAQ:Net revenue for the quartermore than quadrupled to $28.2M from $6.6M in the prior-year quarter as the company continued to add Lupkynis patients thanks to steady conversion rates and payor coverage.In 1Q 2021, Auriniaâ??s (During 2Q 2022, the company added 409 patient start forms compared to 415 PSFs in the prior-year period.While gross margin for the period slipped to ~94% from ~95% in 2Q 2021, the companyâ??s net loss fell ~25% YoY to $35.5M even as SG&A expenses climbed ~16% YoY to $51.5M.At the end of the quarter, Aurinia (For 2022, the company continues to forecast $115M-$135M net revenue from sales of Lupkynis, unchangedfrom the previous projection. Show less Read more
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