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Mar 31, 2021
Alkermes Q1 2021 Earnings Report
Alkermes reported solid performance of VIVITROL and ARISTADA, achieving GAAP loss per share of $0.14 and non-GAAP earnings per share of $0.11, supported by disciplined expense management, and reiterated financial expectations for 2021.
Key Takeaways
Alkermes reported first quarter revenues of $251.4 million, reflecting solid performance of VIVITROL and ARISTADA. The company achieved a GAAP loss per share of $0.14 and non-GAAP earnings per share of $0.11. They reiterated their financial expectations for 2021.
Total revenues for the quarter were $251.4 million.
Net sales of VIVITROL were $74.5 million, representing a decrease of approximately 5% compared to the same period in the prior year.
Net sales of ARISTADA were $55.4 million, representing an increase of approximately 9% compared to the same period in the prior year.
Non-GAAP net income was $17.8 million for the quarter, or a non-GAAP basic and diluted earnings per share of $0.11.
Revenue by Segment
Forward Guidance
Alkermes reiterates its financial expectations for 2021, and the assumptions underlying such expectations, as set forth in its press release dated Feb. 11, 2021.
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Avg. Return Before/After Earnings
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