Lantheus Q2 revenue up 44% to $322M; sells RELISTOR royalties for ~$98M upfront, raises FY guidance

Lantheus Holdings, Inc.

Q2 revenue $321.7M (+43.8% YoY); GAAP net income $94.1M ($1.33 diluted EPS); adjusted EPS $1.54
Free cash flow negative $43M; net cash used in operations $32.3M
FY 2023 revenue guidance raised to $1.245-1.27B; adjusted EPS guidance raised to $5.60-5.70
Q3 2023 guidance: revenue $310-315M; adjusted diluted EPS $1.30-1.35
Royalty sale to HCRx: initial $98M, potential $5M in 2025; RELISTOR royalties contributed $13.2M revenue in H1 2023

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Lantheus Holdings, Inc. reported three and six months ended June 30, 2023 results: revenue $321.7 million, net income $94.1 million, EPS $1.33 per fully diluted share. Guidance raised.

Period: three and six months ended June 30, 2023
Revenue: $321.7 million
Net income: $94.1 million
EPS: $1.33 per fully diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Lantheus Reports Second Quarter 2023 Financial Results • Worldwide revenue of $321.7 million for the second quarter 2023, representing an increase of 43.8% from the prior year period • GAAP net income of $94.1 million for the second quarter 2023, compared to GAAP net income of $43.1 million in the prior year period • GAAP fully diluted net income per share of $1.33 for the second quarter 2023, compared to GAAP fully diluted net income per share of $0.61 in the prior year period; adjusted fully diluted net income per share of $1.54 for the second quarter 2023, compared to adjusted fully diluted net income per share of $0.89 in the prior year period • Net cash used in operating activities was $32.3 million for the second quarter 2023. Free cash flow was $(43.0) million in the second quarter 2023 • The Company provides third quarter 2023 revenue and adjusted diluted earnings per share guidance; increases full year guidance

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Lantheus Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-027011

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