secwatch.observer — SEC 8-K summary
======================================

Issuer:     Assertio Holdings, Inc. (ASRT)
CIK:        0001808665
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001808665-23-000062
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1808665/000180866523000062/0001808665-23-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1808665/000180866523000062/asrt-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001808665-23-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer