Hyperion Therapeutics Inc swings to GAAP net income of USD0.1m in Q3 2013.
M2 EQUITYBITES-November 13, 2013-Hyperion Therapeutics Inc swings to GAAP net income of USD0.1m in Q3 2013(C)2013 M2 COMMUNICATIONS http://www.m2.com
Biopharmaceutical company Hyperion Therapeutics Inc (NasdaqGM:HPTX) on Tuesday declared a GAAP net income of USD0.1m (USD0.01 earnings per diluted share) for the Q3 2013.
This marks an improvement in earnings when compared with a net loss of USD4.9m (USD0.44 loss per diluted share) for the same period of 2012.
Net product revenue of USD15.5m was collected from the sale of RAVICTI and BUPHENYL for the third quarter of 2013.
The company added the net product revenue for the Q3 2013 period included USD9.8m in net sales from RAVICTI, up 58% from Q2 2013 RAVICTI sales of USD6.2m and USD6.0m in net sales from BUPHENYL.
Adjusted R&D expenses of USD2.3m was recorded for the three month periods ended 30 September 32013 and 2012, respectively.
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