Lantheus Q2 2023 Earnings Report
Key Takeaways
Lantheus reported a strong second quarter in 2023, with worldwide revenue of $321.7 million, representing a 43.8% increase from the prior year period. GAAP net income was $94.1 million, or $1.33 per fully diluted share, compared to $43.1 million, or $0.61 per fully diluted share, in the prior year period. Adjusted fully diluted net income per share was $1.54, compared to $0.89 in the prior year period.
Worldwide revenue increased by 43.8% year-over-year to $321.7 million.
GAAP net income increased to $94.1 million, or $1.33 per fully diluted share.
Adjusted fully diluted net income per share increased to $1.54.
Net cash used in operating activities was $32.3 million, and free cash flow was $(43.0) million.
Lantheus
Lantheus
Lantheus Revenue by Segment
Forward Guidance
The Company updates its guidance for full year 2023 and offers the following guidance for the third quarter:
Positive Outlook
- Q3 FY 2023 Revenue: $310 million - $315 million
- Q3 FY 2023 Adjusted Fully Diluted EPS: $1.30 - $1.35
- FY 2023 Revenue: $1.245 billion - $1.27 billion
- FY 2023 Adjusted Fully Diluted EPS: $5.60 - $5.70