earnings
confidence high
sentiment neutral
materiality 0.70
Amneal reports Q1 2022 net revenue $498M (+1% YoY), GAAP net loss $2M, adj. EPS $0.12
Amneal Pharmaceuticals, Inc.
2022-Q1 EPS reported
-$0.01
revenue$497,633,000
- Net revenue $498M vs $493M in Q1 2021; driven by generics and AvKARE distribution, partially offset by Zomig loss of exclusivity.
- GAAP net loss $2M ($0.01 diluted loss per share) vs net income $7M in Q1 2021.
- Adjusted EBITDA $100M including $5M R&D milestone expense; adjusted diluted EPS $0.12.
- Company maintains 2022 full-year outlook; highlights FDA approvals for two biosimilars and Saol Baclofen acquisition.
- Growth strategy focused on biosimilars, injectables, and advancing R&D pipeline.