A I Seams happy26 Jun 2025 10:22
AI Overview
+2
Yes, STX, which refers to Shield Therapeutics, is aiming to become cash flow positive by the end of 2025. They are on track to achieve this goal, as reported in recent updates. The company has seen strong growth in revenues and prescriptions for their product ACCRUFeR®, and they have also taken steps to strengthen their balance sheet.
Here's a more detailed breakdown:
Target:
Shield Therapeutics has publicly stated their goal of becoming cash flow positive by the end of 2025.
Progress:
They have reported positive momentum in their commercial performance, particularly with ACCRUFeR®, and have seen significant revenue growth.
Financials:
They have secured additional funding to support their objective and have taken steps to improve their balance sheet.
Key Metrics:
In Q1 2025, ACCRUFeR® net revenue was $6.4 million, and March represented nearly 50% of total Q1 net product revenues.
Full Year 2024:
Total revenues for FY24 were $32.2 million, with ACCRUFeR® revenues growing 153% to $29.3 million.