Overview
Assertio Holdings Q2 net product sales fall to $28.8 mln from $30.7 mln yr ago
Adjusted EBITDA for Q2 rises to $5.6 mln, beating analyst expectations, per LSEG data
Co narrows full-year guidance for net product sales and adjusted EBITDA
Outlook
Company narrows full-year net product sales guidance to $108 mln-$118 mln
Assertio updates full-year adjusted EBITDA guidance to $11 mln-$19 mln
Company focuses investment on core assets to enhance growth potential
Assertio ceases Otrexup commercialization to improve operational efficiencies
Result Drivers
ROLVEDON DEMAND - Highest customer demand since acquisition, driven by strong commercial execution
SYMPAZAN GROWTH - Increased prescriber base and prescription demand, supported by additional sales efforts
INDOCIN DECLINE - Sales impacted by generic competition, affecting both volume and pricing
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$0.02
-$0.08 (5 Analysts)
Q2 EPS
-$0.17
Q2 Net Income
-$16.40 mln
Q2 Adjusted EBITDA
Beat
$5.60 mln
$2.71 mln (3 Analysts)
Q2 Income From Operations
-$8.04 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the pharmaceuticals peer group is "buy"
Wall Street's median 12-month price target for Assertio Holdings Inc is $3.00, about 75.7% above its August 8 closing price of $0.73
Press Release: ID:nGNX6WV4Y7
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)