Revenue Growth - Q4 2023 net revenues increased by 88% to $26.3 million compared to Q4 2022[7] - Full year 2023 net revenues rose by 49% to $80.8 million compared to 2022[8] - U.S. net revenue for Q4 2023 was $19.2 million, up 104% year-over-year[11] - International net revenue for Q4 2023 reached $7.1 million, a 54% increase from Q4 2022[7] - U.S. net revenue for 2023 increased by 66% to $56.7 million, driven by the acquisition of YUTIQ[13] - International net revenue for 2023 grew by 21% to approximately $24.0 million[8] - Net revenue for the three months ended December 2023 was $26,306,000, up 87.5% from $14,029,000 in the same period of 2022[34] Profitability - Adjusted EBITDA for Q4 2023 was $5.0 million, compared to an adjusted EBITDA loss of $(1.2) million in Q4 2022[17] - The company expects to achieve over $105 million in net revenue for 2024, with an Adjusted EBITDA margin greater than 20%[4] - Full year 2023 net loss was approximately $(20.1) million, compared to $(18.1) million in 2022[8] - Net loss applicable to common shareholders for the twelve months ended December 2023 was $21,391,000, compared to a loss of $18,107,000 in 2022, reflecting a 12.6% increase in losses[34] - Non-GAAP adjusted EBITDA for the three months ended December 2023 was $5,030,000, a significant improvement from a loss of $1,238,000 in the same period of 2022[36] Assets and Liabilities - Total current assets increased to $52,423,000 in December 2023 from $29,413,000 in December 2022, representing a 78.1% growth[31] - Total liabilities rose to $107,355,000 in December 2023 from $63,410,000 in December 2022, marking a 69.2% increase[31] - Total assets increased to $153,524,000 in December 2023 from $42,602,000 in December 2022, reflecting a 260.5% growth[31] - Cash and cash equivalents increased to $12,058,000 in December 2023 from $5,274,000 in December 2022, representing a 128.5% increase[31] Operating Expenses - Operating expenses for the twelve months ended December 2023 totaled $71,849,000, up from $57,949,000 in 2022, indicating a 24% increase[34] Gross Profit - Gross profit for the twelve months ended December 2023 reached $69,917,000, a 51.5% increase compared to $46,152,000 in 2022[34] - The company reported a gross profit margin of 86.1% for the three months ended December 2023, compared to 84.8% in the same period of 2022[34] Management Changes - The company has strengthened its management team with new key appointments[9]
Alimera Sciences(ALIM) - 2023 Q4 - Annual Results