Robust Uptake Of Antipsychotic Drug Boosts Intra-Cellular's Q1 Earnings

• Intra-Cellular Therapies Inc's (NASDAQ:ITCI) Q1 revenues reached $35.0 million, compared to $15.9 million a year ago, beating the consensus of $33.65 million.
• Net product revenues of Caplyta were $34.8 million, compared to $15.6 million in Q1 FY21.
• The company reported an EPS loss of $(0.78), beating the consensus of $(0.92) and higher than the loss of $(0.65) a year ago.
• Cash, cash equivalents, restricted cash, and investment securities reached $773.2 million. 
• The company reported a wider operating loss of $(72.67) million than $(53.22) million a year ago.
• Caplyta was launched for bipolar depression immediately following its FDA approval in late December 2021. 
• The significant inflection in both new and total prescriptions reflects robust growth following approval in bipolar depression. 
• Q1 CAPLYTA new and total prescriptions increased by 154% and 134%, respectively, versus Q1 of 2021.
• Price Action: ITCI shares are up 16.6% at $50.14 during the market session on the last check Tuesday.