Assertio reports Q4 2023 net product sales $32.5M, net loss $57.4M; guides 2024 sales $110-125M, adj. EBITDA $20-30M

Assertio Holdings, Inc.

Q4 net product sales $32.5M (down 35% YoY); net loss $57.4M vs. income $88.6M in Q4 2022.
Full year 2023 net product sales $149.5M (down 3.6% YoY); net loss $331.9M vs. income $109.6M.
Non-GAAP adj. EBITDA Q4 $4.5M (down from $33.4M); adj. EPS $0.11 (vs. $0.32).
2024 guidance: net product sales $110-125M, adj. EBITDA $20-30M; Rolvedon sales target >$100M in coming years.
Board appointed Sigurd Kirk, former Allergan EVP Business Development, effective April 3, 2024.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed

Sigurd Kirk

Director

ASRT · Assertio Holdings, Inc.

Effective: 2024-04-03
Filed: March 11, 2024, 7:59 PM ET

the Board of Directors (the “Board”) of the Company appointed Sigurd Kirk to the Board, effective April 3, 2024

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Assertio Holdings, Inc. updated its fourth quarter and fiscal year ended December 31, 2023 guidance (initiated).

Period: fourth quarter and fiscal year ended December 31, 2023
Guidance: initiated
Result: reported results

Exact text from the filing

On March 11, 2024, Assertio Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and fiscal year ended December 31, 2023.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Sigurd Kirk was appointed as Director at Assertio Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

the Board of Directors (the “Board”) of the Company appointed Sigurd Kirk to the Board, effective April 3, 2024

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

Assertio Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001808665-24-000011

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