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ASRT — Assertio Holdings News Story

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Pharma firm Assertio Q2 adjusted core profit beats estimates

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

MetricBeat/MissActualConsensus Estimate
Q2 Adjusted EPSBeat$0.02-$0.08 (5 Analysts)
Q2 EPS-$0.17
Q2 Net Income-$16.40 mln
Q2 Adjusted EBITDABeat$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.)

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