{"schema_version":"secwatch.filing_event.v1","accession":"0001808665-23-000062","form_type":"8-K","ticker":"ASRT","cik":"0001808665","company_name":"Assertio Holdings, Inc.","filed_at":"2023-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.567683+00:00","generated_at":"2026-06-08T10:16:20.212412+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Assertio posts Q3 net loss of $279.5M; names Ajay Patel CFO, Schwichtenberg to commercial role","bullets":["Q3 GAAP net loss $279.5M ($3.42 EPS); adjusted EPS $0.01; includes $238.8M impairment charge.","Net product sales $35.1M, up 2% YoY; Rolvedon contributed $7.1M for two months post-acquisition.","Indocin net sales $17.9M, down $4M YoY due to generic competition; SG&A rose to $21.0M.","Adjusted EBITDA $12.9M, down from $21.4M; cash $76.9M; convertible debt $40M.","Ajay Patel appointed CFO (adds to CAO role); Paul Schwichtenberg moves to SVP commercial."],"urls":{"canonical":"https://secwatch.observer/filing/0001808665-23-000062","json":"https://secwatch.observer/filing/0001808665-23-000062.json","markdown":"https://secwatch.observer/filing/0001808665-23-000062.md","text":"https://secwatch.observer/filing/0001808665-23-000062.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1808665/000180866523000062/0001808665-23-000062-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1808665/000180866523000062/asrt-20231108.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T10:16:20.212412+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9ac12862faa49856df5f708d0c6f38e63e44a4be","claim":"Assertio Holdings, Inc. reported the third quarter ended September 30, 2023 results: revenue $35.1 million, net income $(279.5) million, EPS $(3.42).","evidence_excerpt":"(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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1808665/000180866523000062/0001808665-23-000062-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2023"},{"label":"Revenue","value":"$35.1 million"},{"label":"Net income","value":"$(279.5) million"},{"label":"EPS","value":"$(3.42)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d75ff2766b","claim":"Ajay Patel was appointed as Chief Financial Officer at Assertio Holdings, Inc..","evidence_excerpt":"the appointment of Ajay Patel as Chief Financial Officer in addition to his current role as Senior Vice President and Chief Accounting Officer","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1808665/000180866523000062/0001808665-23-000062-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"f43dc164eb","claim":"Paul Schwichtenberg was appointed as Senior Vice President at Assertio Holdings, Inc..","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1808665/000180866523000062/0001808665-23-000062-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Senior Vice President"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}