Delaware
|
|
001-34703
|
|
20-0028718
|
||
(State or other Jurisdiction of Incorporation)
|
|
(Commission File Number)
|
|
(IRS Employer Identification No.)
|
||
|
|
|
||||
6120 Windward Parkway
Suite 290
Alpharetta, Georgia
|
|
30005
|
||||
(Address of Principal Executive Offices)
|
|
(Zip Code)
|
Not Applicable
|
(Former name or former address if changed since last report.)
|
Exhibit
No.
|
|
Description
|
99.1
|
|
|
ALIMERA SCIENCES, INC.
|
|
|
|
|
Dated: April 30, 2019
|
By:
|
/s/ J. Philip Jones
|
|
Name:
|
J. Philip Jones
|
|
Title:
|
Chief Financial Officer
|
•
|
Global revenue up 34% versus Q1 2018
|
•
|
Regulatory approval obtained for ILUVIEN
®
in 17 EU countries for the treatment of Non-Infectious Posterior Uveitis
|
•
|
Samer Kaba, M.D. appointed to new position of Chief Medical Officer
|
•
|
National pricing and reimbursement obtained for ILUVIEN in France, triggering launch
|
For investor inquiries: For media inquiries:
Scott Gordon Cassy Dump
for Alimera Sciences for Alimera Sciences
scottg@coreir.com c assy@pascalecommunications.com
# # #
|
|
|
|
|
Three Months Ended
|
||||||
|
March 31,
|
||||||
|
2019
|
|
2018
|
||||
|
(Unaudited)
|
||||||
|
|
|
|
||||
NET REVENUE
|
$
|
12,890
|
|
|
$
|
9,630
|
|
COST OF GOODS SOLD, EXCLUDING DEPRECIATION AND AMORTIZATION
|
(1,600
|
)
|
|
(1,104
|
)
|
||
GROSS PROFIT
|
11,290
|
|
|
8,526
|
|
||
|
|
|
|
||||
RESEARCH, DEVELOPMENT AND MEDICAL AFFAIRS EXPENSES
|
2,727
|
|
|
2,822
|
|
||
GENERAL AND ADMINISTRATIVE EXPENSES
|
3,393
|
|
|
3,855
|
|
||
SALES AND MARKETING EXPENSES
|
5,913
|
|
|
5,969
|
|
||
DEPRECIATION AND AMORTIZATION
|
652
|
|
|
649
|
|
||
OPERATING EXPENSES
|
12,685
|
|
|
13,295
|
|
||
NET LOSS FROM OPERATIONS
|
(1,395
|
)
|
|
(4,769
|
)
|
||
|
|
|
|
||||
INTEREST EXPENSE, NET AND OTHER
|
(1,228
|
)
|
|
(1,151
|
)
|
||
UNREALIZED FOREIGN CURRENCY (LOSS) GAIN, NET
|
(69
|
)
|
|
2
|
|
||
LOSS ON EARLY EXTINGUISHMENT OF DEBT
|
—
|
|
|
(1,766
|
)
|
||
NET LOSS BEFORE TAXES
|
(2,692
|
)
|
|
(7,684
|
)
|
||
|
|
|
|
||||
PROVISION FOR TAXES
|
(71
|
)
|
|
—
|
|
||
NET LOSS
|
$
|
(2,763
|
)
|
|
$
|
(7,684
|
)
|
|
|
|
|
||||
NET LOSS PER SHARE — Basic and diluted
|
$
|
(0.04
|
)
|
|
$
|
(0.11
|
)
|
|
|
|
|
||||
WEIGHTED AVERAGE SHARES OUTSTANDING — Basic and diluted
|
70,740,851
|
|
|
69,883,012
|
|
|
Three Months Ended
|
||||||
|
March 31,
|
||||||
|
2019
|
|
2018
|
||||
|
(Unaudited)
|
||||||
|
|
|
|
||||
GAAP NET LOSS
|
$
|
(2,763
|
)
|
|
$
|
(7,684
|
)
|
Adjustments to net loss:
|
|
|
|
||||
Interest expense and other
|
1,228
|
|
|
1,151
|
|
||
Provision for taxes
|
71
|
|
|
—
|
|
||
Depreciation and amortization
|
652
|
|
|
649
|
|
||
Stock-based compensation expenses
|
770
|
|
|
1,207
|
|
||
Unrealized foreign currency exchange loss (gain)
|
69
|
|
|
(2
|
)
|
||
Loss on early extinguishment of debt
|
—
|
|
|
1,766
|
|
||
NON-GAAP ADJUSTED EBITDA
|
$
|
27
|
|
|
$
|
(2,913
|
)
|
|
Three Months Ended
|
|
Three Months Ended
|
||||||||||||||||||||||||||
|
March 31, 2019
|
|
March 31, 2018
|
||||||||||||||||||||||||||
|
U.S.
|
|
International
|
|
Other
|
|
Consolidated
|
|
U.S.
|
|
International
|
|
Other
|
|
Consolidated
|
||||||||||||||
|
(Unaudited)
|
||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
NET REVENUE
|
$
|
6,766
|
|
|
$
|
6,124
|
|
|
—
|
|
|
$
|
12,890
|
|
|
$
|
6,805
|
|
|
$
|
2,825
|
|
|
—
|
|
|
$
|
9,630
|
|
COST OF GOODS SOLD, EXCLUDING DEPRECIATION AND AMORTIZATION
|
(685
|
)
|
|
(915
|
)
|
|
—
|
|
|
(1,600
|
)
|
|
(713
|
)
|
|
(391
|
)
|
|
—
|
|
|
(1,104
|
)
|
||||||
GROSS PROFIT
|
6,081
|
|
|
5,209
|
|
|
—
|
|
|
11,290
|
|
|
6,092
|
|
|
2,434
|
|
|
—
|
|
|
8,526
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
RESEARCH, DEVELOPMENT AND MEDICAL AFFAIRS EXPENSES
|
1,427
|
|
|
1,170
|
|
|
130
|
|
|
2,727
|
|
|
1,640
|
|
|
950
|
|
|
232
|
|
|
2,822
|
|
||||||
GENERAL AND ADMINISTRATIVE EXPENSES
|
1,933
|
|
|
988
|
|
|
472
|
|
|
3,393
|
|
|
2,293
|
|
|
907
|
|
|
655
|
|
|
3,855
|
|
||||||
SALES AND MARKETING EXPENSES
|
4,041
|
|
|
1,705
|
|
|
167
|
|
|
5,913
|
|
|
4,371
|
|
|
1,278
|
|
|
320
|
|
|
5,969
|
|
||||||
DEPRECIATION AND AMORTIZATION
|
—
|
|
|
—
|
|
|
652
|
|
|
652
|
|
|
—
|
|
|
—
|
|
|
649
|
|
|
649
|
|
||||||
OPERATING EXPENSES
|
7,401
|
|
|
3,863
|
|
|
1,421
|
|
|
12,685
|
|
|
8,304
|
|
|
3,135
|
|
|
1,856
|
|
|
13,295
|
|
||||||
SEGMENT (LOSS) INCOME FROM OPERATIONS
|
(1,320
|
)
|
|
1,346
|
|
|
(1,421
|
)
|
|
(1,395
|
)
|
|
(2,212
|
)
|
|
(701
|
)
|
|
(1,856
|
)
|
|
(4,769
|
)
|
||||||
OTHER INCOME AND EXPENSES, NET
|
—
|
|
|
—
|
|
|
(1,297
|
)
|
|
(1,297
|
)
|
|
—
|
|
|
—
|
|
|
(2,915
|
)
|
|
(2,915
|
)
|
||||||
NET LOSS BEFORE TAXES
|
|
|
|
|
|
|
$
|
(2,692
|
)
|
|
|
|
|
|
|
|
$
|
(7,684
|
)
|