- Lee Enterprises Inc (NASDAQ:LEE) reported fourth-quarter FY22 sales of $193.64 million, flat Y/Y. Digital revenue climbed 31% Y/Y to $65 million. Digital-only subscribers totaled 532,000, a 32% Y/Y growth.
- Operating expenses rose 9.2% to $198.6 million. Operating loss for the quarter was $(3.4) million versus a profit of $13.5 million a year earlier.
- The company held $16 million in cash and equivalents as of September 25, 2022.
- Adjusted EBITDA increased 16.7% Y/Y to $30.1 million.
- EPS loss was $(1.09) versus $0.75 profit a year-ago quarter.
- Outlook: Lee sees FY23 digital revenue of $280 million – $285 million, up 17% – 19% Y/Y.
- The company expects Adjusted EBITDA of $94 million – $100 million and digital-only subscribers of 632,000.
- Price Action: LEE shares are trading higher by 3.04% at $17.98 on the last check Thursday.
Akouos, Inc., A Wholly Owned Subsidiary Of Eli Lilly Announces Phase 1/2 Clinical Trial Data For An Investigational Gene Therapy For Genetic Hearing Loss To Be Presented At The Association For Research In Otolaryngology 2024 MidWinter Meeting
Hearing restoration was observed within 30 days of a single administration of AK-OTOF in the initial AK-OTOF-101 study participant, the first to receive gene therapy in the United States for a genetic form of
