Optinose reports Q4 EPS (9c), consensus (9c)

Reports Q4 revenue $19.865M, consensus $19.23M. “Our first strategic focus for 2023 was working to secure the first-ever approval of a medication for patients with chronic sinusitis,” stated CEO Ramy Mahmoud, MD, MPH. “Our regulatory and clinical teams have been responsive and timely during FDA’s review as the agency works towards a target action date of March 16. In addition, during 2023 we worked hard to prepare our organization to make the most of the new opportunity. We revised operations in a variety of ways to better support a 2024 launch while also successfully increasing the efficiency of our business, as evidenced by XHANCE net revenues and operating expenses that both beat our initial expectations for full year 2023. With the target FDA action date in a matter of days, I am confident that we are prepared, if approved, to rapidly make the product available to millions of patients in need, starting in our specialty physician audience.”