Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessANI Pharmaceuticals, Inc. (NASDAQ:ANIP) Earnings Report Highlights

ANI Pharmaceuticals, Inc. (NASDAQ:ANIP) Earnings Report Highlights

Add to Favorite
Added to Favorite


ANI Pharmaceuticals disclosed its earnings per share (EPS) of $0.937, slightly below the anticipated $0.98.
ANI Pharmaceuticals achieved record quarterly net revenue of $137.4 million, net income of $17.8 million, and a GAAP diluted EPS of $0.82.
ANI Pharmaceuticals’ Rare Disease business generated net revenues of $36.9 million, marking a year-over-year growth of 126.2%.

On Friday, May 10, 2024, ANI Pharmaceuticals, Inc. (NASDAQ:ANIP) disclosed its earnings before the market opened, revealing an earnings per share (EPS) of $0.937, which was slightly below the anticipated EPS of $0.98. Despite this, the company’s revenue for the period was $137.43 million, exceeding the expected revenue of $125.52 million. This performance indicates a significant year-over-year revenue increase of 28.7%, showcasing ANI Pharmaceuticals’ robust growth and its ability to surpass Wall Street expectations.
ANI Pharmaceuticals, headquartered in Baudette, Minnesota, operates in the pharmaceutical industry, focusing on developing, manufacturing, and marketing branded and generic prescription pharmaceuticals. The company’s financial achievements, as discussed during its first quarter 2024 earnings conference call, were highlighted by key participants, including President and CEO Nikhil Lalwani and Senior Vice President, Finance, and CFO Stephen Carey. The call, indicating strong interest from the investment community, was attended by several analysts from reputable firms, reflecting the company’s solid standing and future prospects in the pharmaceutical sector.
The company’s record quarterly net revenue of $137.4 million and a net income for common shareholders of $17.8 million, with GAAP diluted earnings per share at $0.82, underscore its financial health. Additionally, ANI Pharmaceuticals achieved a record adjusted non-GAAP EBITDA of $37.6 million and adjusted non-GAAP diluted earnings per share of $1.21. These figures not only demonstrate the company’s financial strength but also its operational efficiency and the successful execution of its business strategy.
A key highlight from the quarter was the performance of ANI Pharmaceuticals’ Rare Disease business, which generated net revenues of $36.9 million, marking a year-over-year growth of 126.2%.This impressive growth contributes significantly to the company’s overall financial success and underscores the potential of its specialized product lines. Furthermore, the company has reiterated its guidance for 2024, projecting net revenues to be between $520 million and $542 million, with adjusted non-GAAP EBITDA expected to range from $135 million to $145 million.
ANI Pharmaceuticals’ stock price also reflected its strong financial performance, closing at $68.05, a 3.29% rise. The stock’s fluctuation between a low of $64.05 and a high of $70 on the trading day, along with its wide range over the past year, highlights the market’s response to the company’s financial health and growth prospects. With a market capitalization of approximately $1.43 billion and a trading volume of 302,509 shares, ANIP stands as a significant player in the pharmaceutical industry, poised for continued growth and success.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Walmart deep discounts on Black Friday start early, web fans thrilled, CWEB reports

Walmart (WMT), the nation’s largest retailer, offers deep discounts...

Cerence Inc. (NASDAQ:CRNC) Faces Financial Challenges Amidst Automotive AI Competition

Cerence Inc. (NASDAQ:CRNC) reported an EPS of -$0.49, missing...