The following is a summary of the Alimera Sciences, Inc. (ALIM) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Alimera Sciences reported a Q1 2024 consolidated global net revenue of $23 million, a 70% increase from Q1 2023, mainly due to the acquisition of YUTIQ and global end-user demand growth.

• The company recorded an adjusted EBITDA of $1.8 million in Q1 2024 compared to an EBITDA loss of $2.4 million in Q1 2023.

• U.S. net revenue increased by 92% to $14.6 million in Q1 2024 from Q1 2023 significantely influenced by the acquisition of YUTIQ.

• The international net revenue increased by 42% to $8.5 million in Q1 2024 with a 53% increase in end-user demand.

• Alimera had operational expenses of about $22 million in Q1 2024, mainly due to the acquisition of YUTIQ, compared to around $14.8 million in Q1 2023.

• The net loss for Q1 2024 was roughly $6.3 million compared to around $5 million in Q1 2023.

• As of March 31, 2024, Alimera had cash equivalents of approximately $14.3 million.

Business Progress:

• The company benefited from integrating YUTIQ into its U.S. portfolio.

• The UK's NICE issued a final recommendation expanding ILUVIEN's use to a new patient segment suffering from visual impairment due to chronic diabetic macular edema.

• Alimera reached its enrolment target for the Phase 4 open-label synchronicity study inherited from EyePoint.

• The company increased its term loan agreement with SLR Capital Partners by $5 million.

• Alimera launched its non-clinical value program, Amplify, on April 1, 2024.

• Alimera produced 4,028 units in Q1 2024, including U.S. and ex U.S. territories.

• The company began holding advisory boards to explore opportunities to expand ILUVIEN indications, with vein occlusion as a leading candidate.

• The company's Spanish and Italian partners commenced planning to challenge limitations in those countries to potentially increase sales volume.

• Operational integration was completed on April 1, 2024, marking the final step in their integration process.

More details: Alimera Sciences IR

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