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Mar 31, 2023
Lantheus Q1 2023 Earnings Report
Lantheus reported a net loss and record quarterly revenues in Q1 2023.
Key Takeaways
Lantheus Holdings, Inc. reported a worldwide revenue increase of 44.0% year-over-year, reaching $300.8 million. The company experienced a GAAP net loss of $2.8 million, or $0.04 per fully diluted share, but achieved an adjusted fully diluted net income per share of $1.47. Free cash flow was $99.3 million, marking a significant increase from the prior year period.
Worldwide revenue increased by 44.0% to $300.8 million.
GAAP net loss was $2.8 million, or $0.04 per fully diluted share.
Adjusted fully diluted net income per share was $1.47, up from $0.97 in the prior year period.
Free cash flow reached $99.3 million, a substantial increase from the previous year.
Forward Guidance
The Company updates its guidance for full year 2023 and offers the following guidance for the second quarter:
Positive Outlook
- Q2 FY 2023 Revenue $300 million - $310 million
- Q2 FY 2023 Adjusted Fully Diluted EPS $1.25 - $1.33
- FY 2023 Revenue $1.23 billion - $1.27 billion
- Previous FY 2023 Revenue $1.14 billion - $1.16 billion
- FY 2023 Adjusted Fully Diluted EPS $5.45 - $5.70
Challenges Ahead
- On a forward-looking basis, the Company does not provide GAAP income per common share guidance or a reconciliation of adjusted fully diluted EPS to GAAP income per common share because the Company is unable to predict with reasonable certainty business development and acquisition related expenses, purchase accounting fair value adjustments, and any one-time, non-recurring charges.
- These items are uncertain, depend on various factors, and could be material to results computed in accordance with GAAP.
- As a result, it is the Company’s view that a quantitative reconciliation of adjusted fully diluted EPS on a forward-looking basis is not available without unreasonable effort.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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