Assertio Q4 net product sales $49.9M (+55% YoY); net income $88.6M; guides 2023 revenue $150-160M

Assertio Holdings, Inc.

Net product sales Q4 $49.9M (+55% YoY); full year $155.1M (+42% YoY).
GAAP net income Q4 $88.6M (vs $4.6M) includes $80.4M tax benefit from valuation allowance reversal.
Adjusted EBITDA Q4 $33.4M (up from $17.8M); full year $101.6M (up from $48.8M).
2023 guidance: net product sales $150-160M, Adjusted EBITDA $85-93M; Q1 revenue $36-38M.
Feb 2023 debt exchange reduced debt 42.9%, saves $2M annual interest, accretive $0.02 to EPS.

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 0.95

Assertio Holdings, Inc. updated its 2023 full year guidance (initiated).

Period: 2023 full year
Guidance: initiated
Result: guidance update

Exact text from the filing

Assertio announced its initial 2023 operating guidance as follows: Net Product Sales (GAAP) $150.0 Million to $160.0 Million Adjusted EBITDA (Non-GAAP) 3 $85.0 Million to $93.0 Million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Assertio Holdings, Inc. reported financial results for three months ended December 31, 2022.

Period: three months ended December 31, 2022
Result: reported results

Exact text from the filing

On March 8, 2023, Assertio Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and fiscal year ended December 31, 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Assertio Holdings, Inc. reported financial results for twelve months ended December 31, 2022.

Period: twelve months ended December 31, 2022
Result: reported results

Exact text from the filing

On March 8, 2023, Assertio Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and fiscal year ended December 31, 2022.

View on SEC.gov

36 earnings releases filed in the last 30 days. Browse all earnings releases →

Assertio Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001808665-23-000018

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