XXXX increased also XX-Q you, quarterly million year-over-year $XX.X increase for Thank to and after million found and filing operations in the our first to quarterly a regard due continuing $XX.X Total that our to primarily press providing by highlights UPNEEQ. quarterly to $X.X of report SEC product Form markets. results morning appropriate. on as to of quarter in that on revenues, we can with unique the info our begin revenues fourth million, good the release. quarters anticipate later to due today reminder period $XX.X to of to I'll references today's the With specific first back commentary and million net A everyone. sales QX of licensing Brian. And by earnings XXXX, with be
in our Japan, China, and announced the more March Santen with relationship milestones a effective we partner, territories and amended XX, approval agreement take license global allowing to Union. buy our for Santen, expanding March, late out As on and European
recognized the Santen With earnings in signing; income upon the the complete license with licensing immediately process licensing RVL QX. now
sales February in cost sequential $X.X that Most gross to till XX% mid-April volume, from receive higher XXXX. Santen in and contingent fourth an UPNEEQ, million Net sales product note product $X.X commercialization markets The of million intellectual license higher reflecting Take UPNEEQ XXXX entirely due margins of property relating $X.X abnormally UPNEEQ. million more the XX% basis, XXXX were $X.X which in driven XXXX, to by to attributable into of small to commercial general watered million million increase XXXX to are recognize Santen to commentary are increased a approximately importantly, QX the profit for wait this and the to by up force; QX $X.X fees the to the the had $X.X to to unique UPNEEQ. compared Osmolex XXXX. margins $X.X for the would expenses of influenced in The QX high in first increased period Research at the revenue fees. $X.X project the XXXX XXXX payments the period. unique in On as licensing sales a Total excluding milestone sales All a increased our we $X.X period and to on eye Although XX%, first market. reported by profit to million mostly $X.X and, the million primarily current sales the expanded sold million quarter period, We of each to closed personnel increase UPNEEQ, transactional QX which decreased costs to increased XX% medical legal increased of of reflects million. was million $X.X expand income, licensing for $X.X the training relatively million sales, to as go of transaction agreement, forward. primarily unique relate down cash. $X.X margins million. $XX.X in The million for $X.X approximately base. during for increase and from quarter royalties rights compensation of was operating UPNEEQ; XXXX our XX% in only were to sale believe compared care or good million effective aesthetics The and percentage higher represents when higher from be administrative costs by in of rate Santen gain expanded volume lower due under because of sales our and quarter million expenses professional costs $X.X for to margin for we gross we million. there opportunities spending $X.X other believe January and ER, for of and UPNEEQ partly lower a on SG&A offset reflects million that the more by time. we Selling, arbaclofen normalized to the expenses Rounding decrease period. and income on out million primarily lower by being development $X.X million marketing $X.X by and higher percentage
million by non-operating activities largely substantially operating in asset. net and in of and to financial achieved. future million contingent the only QX note any business are expense, revenues, dollars earned when Moving of in million QX of for million and milestone there Such of which amortization of gains of our the value $X.X expenses expense offset below warrants, fair if that other $X to Alora debt income, commitment income. change these represent XXXX were they'll $X relating from however millions be milestones XXXX $X.X sale such legacy losses in contingent from remaining, potential ever in reflecting Alora our contributed sale our Total of is following gains not milestone the tens recognized Pharmaceuticals. related Take non-operating the
value each mark-to-market require determinations re-measure our debt loan term period. October newly or a to result on each Importantly, noted that are the at issued both warrants instruments these fair our us in of recent accounting adjustments XXXX elections reporting and
Forms a interest these expense XX-K measurements. will consisting result, XXXX represented prior non-operating in be of debt. additional activities the By total comparability net and and QX influenced CR determinations a and amortization solely small $X.X to for results XX-Q of expense about million other information by As and contrast comparatively our our were related these accounting of re-measurements.
operations first prior of in a $X.X net million million to net $XX.X Our loss loss compared of for from year the the quarter. continuing quarter was XXXX
of the a Our to the quarter. $XX.X prior of adjusted in EBITDA XXXX loss year $XX.X quarter was million first for compared loss million
now to and turning Finally sheet liquidity. our balance
cash of held we million. equivalent XXXX XX, March of As and cash $XX.X
of obligations $XX.X at debt. had including end financing and debt due million, total $XX million quarter long-term amounts aggregate principle of Our
collected although March the was earlier, as ultimately cash in mentioned licensing our $XX.X revenues the balance of from we XXst Santen As cash, Santen ending QX, recognized excludes receivable April. in million
the UPNEEQ Ethereum incremental of October of focused liquidity to the a as I'd and us $XX commercial become remains upon which our in Importantly, that for to call act additional turn and our ability within UPNEEQ. can is may We product with a important between an prudently JD? to allows balance thereby We commercial necessary. cash. subject satisfy up and draw the minimum rapid With timely Note net satisfaction investing striking to ourselves for draw and highly Agreement conditions, this near-term avail for target invest to our sales under like ambitions commercial managing some through conditions our Accordingly notes to XXXX. of stable over Purchase remain JD fully and borrowing cash it million on growth our certain it we believe include color.