Biofrontera Inc. Reports Third Quarter and Nine-Month 2024 Financial Results and Provides Business Update
Biofrontera Inc. (BFRI)
Company Research
Source: GlobeNewswire
?Total revenues for the third quarter 2024 were $9.0 million, an increase of 1.5% from Q3 2023. Revenue increase would have been 19% if shipments were not delayed due to Hurricane Milton. ?Total revenues for the first 9 months were $24.8 million, an increase of $1.3 million, or 5.6% as compared to the same period last year. Without the impact of Hurricane Milton delaying shipments, the increase would have been 12%. ?Ameluz® achieved record volume in September 2024. ?Organization continues to prudently manage SG&A expenses in line with business needs with a reduction of 14% in the first 9 months of 2024 vs 2023. ?Cash and cash equivalents were $2.9 million as of September 30, 2024, compared with $1.3 million on December 31, 2023. ?RhodoLED XL launch continues to be successful with 39 installed since launch in late June 2024; additionally, 66 BF-RhodoLED lamps have been installed in the first three quarters of 2024. ?On October 4 FDA approved sNDA to increase the
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News
- Biofrontera Inc. (NASDAQ: BFRI) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $7.00 price target on the stock.MarketBeat
- Biofrontera Inc (BFRI) Q3 2024 Earnings Call Highlights: Strategic Advancements Amidst Revenue ... [Yahoo! Finance]Yahoo! Finance
- Biofrontera Inc. Reports Third Quarter and Nine-Month 2024 Financial Results and Provides Business Update [Yahoo! Finance]Yahoo! Finance
- Biofrontera Inc. to Report Third Quarter Financial Results on November 13, 2024 [Yahoo! Finance]Yahoo! Finance
- Biofrontera Inc. to Report Third Quarter Financial Results on November 13, 2024Accesswire
BFRI
Earnings
- 11/13/24 - Miss
BFRI
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/14/24 - Form 10-Q
- BFRI's page on the SEC website