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Eton Pharmaceuticals (ETON)

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Earnings summaries and quarterly performance for Eton Pharmaceuticals.

Recent press releases and 8-K filings for ETON.

Eton Pharmaceuticals Reports Record Q3 2025 Revenue and Strong Product Growth
ETON
Earnings
Revenue Acceleration/Inflection
Product Launch
  • Eton Pharmaceuticals reported record third quarter 2025 product revenue of $22.5 million, an increase of 129% year-over-year and 19% sequentially, marking its 19th consecutive quarter of sequential product revenue growth. The company generated $12 million in cash from operations and achieved adjusted EBITDA of $2.9 million.
  • Growth was driven by Alkindi Sprinkle, Increlex, and Galzin, with Galzin exceeding its year-end 2025 target by reaching over 200 active patients. The FDA accepted the ET-600 NDA submission for review, assigning a PDUFA date of February 25th, with a commercial launch anticipated shortly after.
  • Adjusted gross margin for Q3 2025 was 45%, impacted by non-recurring ex-U.S. Increlex transition costs, but is projected to be approximately 70% in Q4 2025 and north of 75% by 2028. The company is also in late-stage discussions for two additional ultra-rare disease product acquisitions.
Nov 6, 2025, 9:30 PM
Eton Pharmaceuticals Reports Strong Q3 2025 Financial Results and Pipeline Progress
ETON
Earnings
Product Launch
Revenue Acceleration/Inflection
  • Eton Pharmaceuticals reported Q3 2025 product sales of $22.5 million, representing 129% growth over Q3 2024 and its 19th consecutive quarter of sequential product sales growth.
  • For Q3 2025, the company achieved non-GAAP fully diluted EPS of $0.04 and Adjusted EBITDA of $2.9 million, with basic and fully diluted GAAP EPS at $(0.07).
  • The company generated $12.0 million of cash from operations during the quarter.
  • The New Drug Application (NDA) for ET-600 was accepted for review by the FDA, with a PDUFA date assigned for February 25, 2026.
  • INCRELEX was the largest revenue contributor in Q3 2025, and the GALZIN® launch is ahead of plan, exceeding its previous year-end target of 200 active patients.
Nov 6, 2025, 9:25 PM
Eton Pharmaceuticals Reports Strong Q3 2025 Financial Results and Pipeline Progress
ETON
Earnings
Revenue Acceleration/Inflection
Product Launch
  • Eton Pharmaceuticals reported Q3 2025 product sales of $22.5 million, representing its 19th consecutive quarter of sequential product sales growth and a 129% increase over Q3 2024.
  • The company generated $12.0 million of cash from operations in Q3 2025, contributing to $37.1 million in cash and cash equivalents as of September 30, 2025.
  • For Q3 2025, GAAP basic and fully diluted EPS was $(0.07), non-GAAP fully diluted EPS was $0.04, and Adjusted EBITDA was $2.9 million.
  • The New Drug Application (NDA) for ET-600 was accepted for review by the FDA, with a PDUFA date of February 25, 2026, and a potential launch anticipated in Q1 2026.
  • Management expects Q4 2025 adjusted gross margin of approximately 70% and projects Adjusted G&A expenses to remain flat or decline in the same period.
Nov 6, 2025, 9:05 PM