secwatch.observer — SEC 8-K summary
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Issuer:     AMARIN CORP PLCUK (AMRN)
CIK:        0000897448
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0000950170-24-022635
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amarin reports Q4 revenue down 17% to $74.7M; GAAP net loss $5.8M; initiates $50M share repurchase
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- Total net revenue $74.7M in Q4 2023 vs $90.2M in Q4 2022 (-17%); US net product revenue fell to $64.9M from $88.0M due to generic competition.
- GAAP net loss $5.8M ($0.01 loss per share) vs net income $0.9M in prior year; non-GAAP adjusted net loss $0.9M.
- Gross margin on net product revenue declined to 58% from 70% in Q4 2022.
- Cash and investments $321M at year-end; reaffirmed full-year positive cash flow of $10M.
- Board initiated shareholder approval process for up to $50M share repurchase program expected by end of Q2 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/897448/000095017024022635/0000950170-24-022635-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/897448/000095017024022635/amrn-20240229.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-022635

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