Brief: Kamada Sees FY 2020 Revenue Between $132 Million To $137 Million

Kamada

07/01/2020 12:38

Jan 7 (Reuters) - Kamada Ltd  KMDA.TA :
    * KAMADA ANNOUNCES PRELIMINARY REVENUE FOR FOURTH QUARTER
AND
FULL-YEAR 2019 AND PROVIDES FULL-YEAR 2020 REVENUE GUIDANCE
    * SEES FY 2020 REVENUE $132 MILLION TO $137 MILLION
    * SEES FY 2019 REVENUE $126.5 MILLION TO $127.5 MILLION
    * SEES Q4 2019 REVENUE $31.4 MILLION TO $32.4 MILLION
    * KAMADA - EXPECTS AN OVERALL DECREASE IN PROPRIETY PRODUCTS
SEGMENT'S ANNUAL GROSS MARGINS IN 2020 BY ABOUT 3-5 PERCENTAGE
POINTS VERSUS 2019
    * KAMADA - "CONTINUED BUSINESS DEVELOPMENT EFFORTS ARE
EXPECTED TO
RESULT IN RESUMED REVENUE & PROFITABILITY GROWTH BEGINNING IN
2023"
    * KAMADA - "PLANNED TRANSITION OF GLASSIA MANUFACTURING TO
TAKEDA
IS EXPECTED TO DECREASE OUR REVENUE & PROFITABILITY DURING YEARS
2021 AND 2022"

Source text for Eikon:  ID:nGNX6mcLVW 
Further company coverage:  KMDA.TA 

 (((Reuters.Briefs@thomsonreuters.com);))