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Mar 31, 2024
Lantheus Q1 2024 Earnings Report
Lantheus reported strong Q1 2024 results driven by commercial excellence and strategic investments.
Key Takeaways
Lantheus Holdings, Inc. reported a strong first quarter in 2024, with worldwide revenue increasing by 23.0% to $370.0 million. GAAP fully diluted net income per share was $1.87, compared to a loss of $0.04 in the same period last year. The company has raised its full-year 2024 revenue and earnings guidance.
Worldwide revenue increased by 23.0% to $370.0 million compared to Q1 2023, driven by PYLARIFY and DEFINITY sales.
PYLARIFY net product sales increased by 32.4% to $258.9 million due to increased utilization and market expansion.
DEFINITY net product sales increased by 11.2% to $76.6 million.
GAAP fully diluted net income per share increased to $1.87, compared to a net loss per share of $(0.04) in the prior year period.
Lantheus
Lantheus
Lantheus Revenue by Segment
Revenue by Segment
PYLARIFY Sales Revenue
CapyFin.comDEFINITY Sales Revenue
CapyFin.comTechneLite Sales Revenue
CapyFin.comOther Precision Diagnostics Revenue
CapyFin.comStrategic Partnerships & Other Revenue
CapyFin.com Forward Guidance
The Company increases full year 2024 net revenue and earnings guidance and provides guidance for the second quarter 2024
Positive Outlook
- Q2 FY 2024 Revenue: $380 million - $390 million
- Q2 FY 2024 Adjusted Fully Diluted EPS: $1.81 - $1.86
- FY 2024 Revenue: $1.50 billion - $1.52 billion
- FY 2024 Adjusted Fully Diluted EPS: $7.00 - $7.20
Challenges Ahead
- The Company does not provide GAAP income per common share guidance
- 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.
- A quantitative reconciliation of adjusted fully diluted EPS on a forward-looking basis is not available without unreasonable effort.
Revenue & Expenses
Visualization of income flow from segment revenue to net income