The following is a summary of the Theratechnologies Inc. (THTX) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Theratechnologies reported second quarter revenue at $22 million, a 25% year-over-year growth.

• Recorded $5.5 million of adjusted EBITDA, reflecting a 25% margin.

• The company became net income positive for the first time in recent history, reporting a net profit of around $1 million, or $0.02 per share.

• Projected annual revenues for the full year 2024 are reaffirmed to be between $87 million and $90 million, with an adjusted EBITDA forecast of $13 million to $15 million.

Business Progress:

• Achieved a year-to-date increase of 13% in new enrollments and 16% in unique patients for EGRIFTA SV.

• Fully enrolled the second cohort in the Phase 1 clinical trial of sudocetaxel zendusortide, showing signs of durable disease stabilization and efficacy in treating solid tumors.

• Pursuing potential partners for additional development steps for oncology programs and overall SORT1+ technology platform.

Opportunities:

• Increased demand for treatments addressing central adiposity underpinned by market dynamics around weight loss driven by GLP-1.

• Exploring business development opportunities, including acquisitions and commercial partnerships that complement existing business drivers.

Risks:

• Faced competitive pressures with Trogarzo, leading to a 13.4% year-over-year reduction in its net sales due to lower unit sales as it lost market share to new entrants in the multi-drug resistant segment of HIV treatment.

More details: Theratechnologies IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.