Brief: Theratechnologies Reports Second Quarter 2023 Financial Results And Business Updates

Theratechnologies

12/07/2023 13:02

July 12 (Reuters) - Theratechnologies Inc  TH.TO :
    * THERATECHNOLOGIES REPORTS SECOND QUARTER 2023 FINANCIAL
RESULTS
AND BUSINESS UPDATES
    * THERATECHNOLOGIES INC - FY2023 REVENUE GUIDANCE RECAST TO
FALL
WITHIN $82 MILLION AND $87 MILLION
    * THERATECHNOLOGIES INC - Q2 2023 CONSOLIDATED REVENUE WERE
AFFECTED BY SPECIALTY PHARMACY INVENTORY ADJUSTMENTS, AND CAME
IN AT $17.5 MILLION
    * THERATECHNOLOGIES - THERE IS MATERIAL UNCERTAINTY RELATED
TO
EVENTS/CONDITIONS THAT CAST SUBSTANTIAL DOUBT ABOUT ABILITY TO
CONTINUE AS GOING CONCERN
    * THERATECHNOLOGIES INC - INITIATED REORGANIZATION OF
RESEARCH AND
DEVELOPMENT ACTIVITIES, EXPECTED TO RESULT IN ANNUALIZED SAVINGS
OF AT LEAST $5.5 MILLION FOR FY 2024 & BEYOND
    * THERATECHNOLOGIES INC - EXPECTS TO RECORD A CHARGE OF $1.5
MILLION TO COVER ANTICIPATED SEVERANCE AND OTHER COSTS

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