earnings
confidence high
sentiment positive
materiality 0.80
ANI Pharmaceuticals posts record Q3 revenue of $148.3M, raises 2024 guidance
ANI PHARMACEUTICALS INC
2024-Q3 EPS reported
-$0.49
revenue$423,802,000
- Record quarterly net revenue of $148.3M (+12.5% YoY); Cortrophin Gel revenue $52.6M (+76.8%).
- GAAP net loss of $24.2M (-$1.27 diluted EPS) vs net income of $9.5M year ago; adjusted non-GAAP EPS of $1.34.
- Completed Alimera acquisition on Sept 16, adding ILUVIEN and YUTIQ; contributed $3.9M revenue in partial quarter.
- Raised FY2024 guidance: net rev $594-602M, adjusted EBITDA $149-153M, adjusted EPS $4.90-$5.05.
- New capital structure with $316.25M 2.25% convertible notes due 2029; expected to reduce interest expense ~$39M annually.