Exhibit 99.1

 

 

Jaguar Health, Inc. Reports 2020 Second Quarter Financial Results

 

Q2 2020 Mytesi net sales and gross sales were approximately $3.2 million and approximately $6.3 million, respectively

 

Reminder: Company to host investor call Thursday, August 13th at 8:30 a.m. Eastern regarding Q2 2020 financials & business updates

 

Save the Date: Company to host virtual Diarrhea Dialogues disease education event for investors and business development contacts on October 20, 2020 focused on cancer therapy-related diarrhea

 

SAN FRANCISCO, CA / August 13, 2020 / Jaguar Health, Inc. (NASDAQ: JAGX) (“Jaguar” or the “Company”) today reported consolidated second quarter 2020 financial results.

 

2020 Second Quarter Company Financial Results:

 

·                  Mytesi Net Product Revenue: Net sales during the second quarter of 2020 were approximately $3.2 million and $1.7 million in the second quarter of 2019. This Q2 2020 result represents 186% of the same period in 2019, or an increase of $1.5 million quarter over quarter. Net sales during the first quarter of 2020 were approximately $830,000. Net sales for the second quarter of 2020 represented 378% of the first quarter of 2020, or an increase of $2.3 million quarter over quarter.

 

·                  Mytesi Gross Product Revenue (Non-GAAP): Gross sales during the second quarter of 2020 were approximately $6.3 million and $2.4 million in the second quarter of 2019. This Q2 2020 result represents 268% of the same period in 2019, or an increase of $3.9 million quarter over quarter. Gross sales during the first quarter of 2020 was approximately $1.3 million. Gross sales for the second quarter of 2020 represented 482% of the first quarter of 2020, or an increase of approximately $5.0 million quarter over quarter. The gross sales for Neonorm were immaterial for all periods.

 

·                  Total Mytesi Bottles Sold: The total Mytesi bottles sold for the second quarter of 2020 represented 104.3% of the bottles sold for the same period in 2019. The total Mytesi bottles sold for the second quarter of 2020 represented 155% of the bottles sold for the first quarter of 2020.

 

 

 

Three Months Ended

 

 

 

 

 

Financial Highlights

 

June 30,

 

 

 

 

 

(in thousands, except per share amounts)

 

2020

 

2019

 

$ change

 

% change

 

Net product revenue

 

$

3,167

 

$

1,706

 

$

1,461

 

85.6

%

Loss from operations

 

$

(8,451

)

$

(10,622

)

$

2,171

 

-20.4

%

Net loss

 

$

(9,238

)

$

(16,721

)

$

7,483

 

-44.8

%

Net loss attributable to common shareholders

 

$

(10,597

)

$

(16,721

)

$

6,124

 

-36.6

%

Net loss per share, basic and diluted

 

$

(0.44

)

$

(15.11

)

$

14.67

 

-97.1

%

 

·                  Operating Expenses: Total operating expenses for the second quarter of 2020 were $11.6 million as compared to $12.3 million in the same period last year, a 6%, or $0.7 million, decrease year over year. The decrease in total operating expenses was due to a $4.0 million impairment charge in the

 


The following information was filed by Jaguar Health, Inc. (JAGX) on Thursday, August 13, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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