secwatch.observer — SEC 8-K summary
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Issuer:     AMARIN CORP PLCUK (AMRN)
CIK:        0000897448
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000950170-23-016878
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amarin Q1 revenue $86M (-9% YoY); lowers FY2023 opex guidance to $270-285M
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- U.S. net product revenue $82.3M (-7% QoQ); generic competition impacts volume and price.
- GAAP net loss $16.5M ($0.04 loss per share) vs loss $31.6M YoY; adjusted net income $7.6M.
- Gross margin 55% (70% excluding $12.3M supplier amendment charge) vs 76% prior year.
- Lowered 2023 operating expense guidance to $270-285M from $290-305M; cash $304.9M.
- Europe early launch VAZKEPA in UK, Sweden, Finland; CSL Seqirus partnership for Australia/NZ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897448/000095017023016878/0000950170-23-016878-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897448/000095017023016878/amrn-20230503.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-016878

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer