secwatch / observer
8-K filed November 8, 2023, 6:59 PM ET ticker ASRT CIK 0001808665
earnings confidence high sentiment negative materiality 0.75

Assertio posts Q3 net loss of $279.5M; names Ajay Patel CFO, Schwichtenberg to commercial role

Assertio Holdings, Inc.

2023-Q3 EPS reported -$4.35 revenue$119,084,000

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Ajay Patel

Chief Financial Officer
ASRT · Assertio Holdings, Inc.
Effective
2023-11-08
Filed
November 8, 2023, 6:59 PM ET
the appointment of Ajay Patel as Chief Financial Officer in addition to his current role as Senior Vice President and Chief Accounting Officer
Role change

Paul Schwichtenberg

Senior Vice President
ASRT · Assertio Holdings, Inc.
Effective
2023-11-08
Filed
November 8, 2023, 6:59 PM ET
the appointment of Paul Schwichtenberg, the Company’s Senior Vice President and Chief Financial Officer, to a new role as Senior Vice President with responsibility for market access, pricing, trade and distribution and other commercial activities

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

Assertio Holdings, Inc. reported the third quarter ended September 30, 2023 results: revenue $35.1 million, net income $(279.5) million, EPS $(3.42).

Period
the third quarter ended September 30, 2023
Revenue
$35.1 million
Net income
$(279.5) million
EPS
$(3.42)
Result
reported results
Exact text from the filing
(Non-GAAP) 1 $ 0.01 $ 0.22 $ 0.46 $ 0.85 Third quarter results included the following as compared to the prior year quarter: • Net product sales increased from $34.3 million to $35.1 million year over year. ▪ The addition of Rolvedon and Sympazan sales in the current period were mostly offset by declines in Indocin and Cambia following their respective generic
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Ajay Patel was appointed as Chief Financial Officer at Assertio Holdings, Inc..

Action
appointed
Role
Chief Financial Officer
Exact text from the filing
the appointment of Ajay Patel as Chief Financial Officer in addition to his current role as Senior Vice President and Chief Accounting Officer
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Paul Schwichtenberg was appointed as Senior Vice President at Assertio Holdings, Inc..

Action
appointed
Role
Senior Vice President
Exact text from the filing
the appointment of Paul Schwichtenberg, the Company’s Senior Vice President and Chief Financial Officer, to a new role as Senior Vice President with responsibility for market access, pricing, trade and distribution and other commercial activities
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 0001808665-23-000062
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