---
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"
generated_at: "2026-06-08T10:16:20.212412+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001808665-23-000062
- JSON: https://secwatch.observer/filing/0001808665-23-000062.json
- Plain text: https://secwatch.observer/filing/0001808665-23-000062.txt

## Key facts
- Earnings Releases
  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
  source text: (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_url: https://www.sec.gov/Archives/edgar/data/1808665/000180866523000062/0001808665-23-000062-index.htm
- Executive change
  Ajay Patel was appointed as Chief Financial Officer at Assertio Holdings, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: the appointment of Ajay Patel as Chief Financial Officer in addition to his current role as Senior Vice President and Chief Accounting Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1808665/000180866523000062/0001808665-23-000062-index.htm
- Executive change
  Paul Schwichtenberg was appointed as Senior Vice President at Assertio Holdings, Inc..
  - Action: appointed
  - Role: Senior Vice President
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1808665/000180866523000062/0001808665-23-000062-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.