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Mar 31, 2024
Assertio Q1 2024 Earnings Report
Reported a strong first quarter with Rolvedon growth and consistent execution of the business plan.
Key Takeaways
Assertio reported first quarter net product sales of $31.9 million, driven by Rolvedon growth, which reached $14.5 million. The company generated $7.5 million in cash flow from operations, increasing cash to $80.7 million. They reiterated their 2024 guidance for net product sales of $110 million to $125 million and adjusted EBITDA of $20 million to $30 million.
Net product sales for the first quarter were $31.9 million.
Rolvedon net product sales increased to $14.5 million, driven by volume growth.
The company generated $7.5 million in cash flow from operations.
Cash and cash equivalents totaled $80.7 million.
Revenue by Segment
Forward Guidance
Assertio reiterated its 2024 operating guidance as announced on March 11, 2024, calling for net product sales of $110 million to $125 million and adjusted EBITDA of $20 million to $30 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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