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Mar 31, 2022
Lantheus Q1 2022 Earnings Report
Reported strong financial results driven by PYLARIFY sales and strategic collaborations.
Key Takeaways
Lantheus Holdings, Inc. reported a significant increase in revenue and earnings for the first quarter of 2022. Worldwide revenue increased by 125.8% compared to the prior year, with a substantial rise in GAAP net income and adjusted fully diluted EPS. The company's performance was primarily driven by rapidly increasing PYLARIFY sales and strategic partnerships.
Worldwide revenue increased by 125.8% year-over-year, reaching $208.9 million.
GAAP net income increased to $43.0 million, compared to $9.0 million in the prior year period.
GAAP fully diluted net income per share was $0.61, compared to $0.13 in the prior year period; adjusted fully diluted EPS was $0.97, compared to $0.05 in the prior year period.
Free cash flow was $7.1 million.
Forward Guidance
The Company updates its guidance for full year 2022 and offers the following guidance for the second quarter:
Positive Outlook
- Q2 FY 2022 Revenue: $200 million - $215 million
- Q2 FY 2022 Adjusted Fully Diluted EPS: $0.67 - $0.73
- FY 2022 Revenue: $800 million - $835 million
- Previous FY 2022 Revenue: $685 million - $710 million
- FY 2022 Adjusted Fully Diluted EPS: $2.90 - $3.15
Historical Earnings Impact
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Avg. Return Before/After Earnings
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