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Starling Oncology shared its third-quarter results, showing record sales of $169.8 million, up 24% from last year.

ResultsRead the original at Benzinga
Good for STLN

STLN's sales grew 24%, and adjusted EBITDA reached $3.4 million. Its balance sheet still needs work, but repeated positive profit and business growth support a stronger outlook.

STLN · Starling Oncology

AI read · Good for STLN

The AI's read

The second straight quarter of positive adjusted EBITDA suggests Starling is building a path to profit. Its Oregon contract adds about 40,000 Medicare Advantage members, and pharmacy sales grew 44%. Management still says it is working to steady its balance sheet. The repeated profit and business growth outweigh that remaining concern.

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