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Spruce Biosciences Q1 2023 Earnings Report

Spruce Biosciences logo
$0.54 -0.01 (-1.82%)
(As of 12/3/2024 ET)

Spruce Biosciences EPS Results

Actual EPS
-$0.40
Consensus EPS
-$0.42
Beat/Miss
Beat by +$0.02
One Year Ago EPS
N/A

Spruce Biosciences Revenue Results

Actual Revenue
$1.96 million
Expected Revenue
$16.00 million
Beat/Miss
Missed by -$14.04 million
YoY Revenue Growth
N/A

Spruce Biosciences Announcement Details

Quarter
Q1 2023
Time
N/A

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Spruce Biosciences Earnings Headlines

RBC Capital Sticks to Their Hold Rating for Spruce Biosciences (SPRB)
Lock in this disruptor’s share price before 12/5
Spencer Rascoff co-founded Zillow. Austin Allison sold his company to Zillow for $125M. Now they’ve joined forces to launch a venture transforming the $1.3T vacation home market – and the results are already turning heads. This company is leading the co-ownership revolution, offering buyers a chance to own a fraction of a luxury vacation home instead of the entire thing. It’s a model that’s unlocked new demand and earned them over $100M in gross profits in four years.
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About Spruce Biosciences

Spruce Biosciences, Inc., a biopharmaceutical company, focuses on developing and commercializing novel therapies for rare endocrine disorders. The company engages in developing tildacerfont, a non-steroidal therapy to enhance disease control and reduce steroid burden for patients suffering from congenital adrenal hyperplasia (CAH), which is in Phase 2b clinical trial; and to evaluate glucocorticoid reduction in adult patients with classic CAH that is Phase 2b clinical trial. It is also developing tildacerfont for the treatment of pediatric classic congenital adrenal hyperplasia in children that is in Phase 2 clinical trial; and for females with polycystic ovary syndrome, which is in Phase 2 clinical trial. Spruce Biosciences, Inc. has a license agreement with Eli Lilly and Company to research, develop, and commercialize compounds for various pharmaceutical uses; and collaboration and license agreement with Kaken Pharmaceutical Co. Ltd. to develop, manufacture, and commercialize tildacerfont for the treatment of CAH in Japan. The company was incorporated in 2014 and is headquartered in South San Francisco, California.

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