Assertio preliminary Q4 2022 net product sales $49-50M (+54% YoY); net income $88-89M on tax benefit

Assertio Holdings, Inc.

2022-FY EPS reported $2.03 revenue$156,234,000

Full-year 2022 net product sales $154-155M (+41% YoY); adjusted EBITDA $101-102M.
Q4 2022 diluted EPS $1.32-1.33; adjusted EPS $0.31-0.32.
Cash from operations Q4 $26-27M, full year $78-79M; cash balance $64.9M at year end.
GAAP net income boosted by ~$80M tax benefit from reversal of deferred tax asset valuation allowance.
Company to provide initial 2023 outlook on March 8, 2023 earnings call.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Assertio Holdings, Inc. reported fourth quarter and full year 2022 ended December 31, 2022 results: revenue $49.0 to $50.0, net income $88.0 to $89.0, EPS $1.32 to $1.33.

Period: fourth quarter and full year 2022 ended December 31, 2022
Revenue: $49.0 to $50.0
Net income: $88.0 to $89.0
EPS: $1.32 to $1.33
Result: preliminary results

Exact text from the filing

and full year 2022 financial results are approximately as follows: (All amounts in $ millions other than per share amounts) Fourth Quarter 2022 Full Year 2022 Net Product Sales $49.0 to $50.0 $154.0 to $155.0 Total Operating Costs and Expenses $39.5 to $40.5 $116.5 to $117.5 Income Tax Benefit 1 $78.0 to $80.0 $78.0 to $80.0 Net Income $88.0 to $89.0 $109.0 to

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Assertio Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-023512

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