Q2 2024 net product revenues doubled year-over-year to $125 thousand Sequential (quarter-over-quarter) net product revenue growth of 18.3% Gross profit increased from ($124 thousand) to $35 thousand, year-over-year WASHINGTON, Aug. 14, 2024 (GLOBE NEWSWIRE) -- 60 Degrees Pharmaceuticals, Inc. (NASDAQ:SXTP, SXTPW)) (the "Company"), a pharmaceutical company focused on developing new medicines for infectious diseases, reported today their financial results for the second quarter of 2024, ended June 30, 2024. Financial Highlights: 110% net product revenue growth resulted from an increase in ARAKODA® pharmacy deliveries of 288%, from 331 boxes (Q2 2023) to 1,301 boxes (Q2 2024). The Company achieved a gross profit of approximately $35 thousand in the second quarter of 2024, compared to an approximate gross loss of $124 thousand in the second quarter of 2023. Operating expenses were approximately $4.22 million in the second quarter of 2024, compared to approximately $0.67 million in the second quarter of 2023. The increase was impacted by a non-recurring, non-cash, R&D charge of $2.63 million. Net loss attributable to common shareholders in the second quarter of 2024 was approximately $4.29 million, or ($4.23) per share, compared to a net loss of approximately $3.34 million, or ($16.84) per share in the second quarter of 2023, representing a $0.95 million increase in loss. Business Highlights for the Quarter Ended June 30, 2024 The first patient was enrolled in the Company's clinical trial of tafenoquine for Babesiosis at Tufts Medical Center. The Company received FDA Orphan Drug Designation for tafenoquine for treatment of patients with acute babesiosis. About 60 Degrees Pharmaceuticals, Inc.60 Degrees Pharmaceuticals, Inc., founded in ...