Record-Breaking Revenue Growth
Total revenue grew 48% year-over-year to $60.1 million, marking the fourteenth consecutive quarter of over 20% product revenue growth.
Strong Performance of Recorlev
Recorlev net revenue was $25.5 million, up 141% compared to last year, with a 24% increase in the average number of patients.
FDA Approval for Gvoke VialDx
Gvoke VialDx received FDA approval, expanding its use as a diagnostic aid during radiologic examination, in partnership with American Regent.
Positive Adjusted EBITDA
Adjusted EBITDA for the quarter was a positive $4.4 million, supporting the commitment to delivering positive adjusted EBITDA going forward.
Strong Gross Margin
Gross margin in the quarter was 85%, showing a sequential improvement of 200 basis points due to a favorable product mix.
Pipeline Progress with XP-8121
Development of XP-8121 continues to address unmet needs in the hypothyroidism market, with more updates expected at the analyst and investor day.