LCI News and Press, Lannett Co Inc From 02/04/21

Gainers: Anavex Life Sciences (AVXL) +94%, Annovis Bio (ANVS) +50%, Atossa Therapeutics (ATOS) +40%, Cyclerion Therapeutics (CYCN) +40%, Cyclo Therapeutics (CYTH) +33%.Losers: Tyme Technologies (TYME) -36%, Isoray (ISR) -19%, Lannett...

Lannett Company (LCI) FQ2 results:Revenue of $133.9M (-1.6% Y/Y), beats by $3.9M.Net loss: (171.95M); non-GAAP net income: $3.21M; loss/share: ($4.36); non-GAAP EPS:  $0.08.Non-GAAP EBITDA: $24M.Long term net debt, as of Dec 31 2020: $578.48M, down from $592.94M in June.2021 guidanc...

Image source: The Motley Fool. Lannett Company, Inc (NYSE: LCI) Q2 2021 Earnings Call Feb 3, 2021 , 4:30 p.m. ET Operator Continue reading For further details see: Lannett Company, Inc (LCI) Q2 2021 Earnings Call Transcript

Lannett Company, Inc. (LCI) Q2 2021 Earnings Conference Call Feb 03, 2021, 04:30 PM ET Company Participants Robert Jaffe - IR Tim Crew - CEO John Kozlowski - CFO Maureen Cavanaugh - Chief Commercial Operations Officer Conference Call Participants Rafay Sardar - BMO Capital Markets Greg Gilber...

Lannett To Report Fiscal 2021 Second-Quarter Financial Results, Host Conference Call On Wednesday, February 3 PR Newswire PHILADELPHIA , Jan. 27, 2021 /PRNewswire/ -- Lannett Company, Inc. (NYSE: LCI) today announced that it will report financial results for...

Lannett (LCI) has decided to discontinue 23 lower gross margin product lines, which contributed ~$31M and ~$4M of net sales in FY 2020 and in Q1 2021, respectively.As a result of the discontinuance, the Company expects an estimated impairment charge in the range of $180M to $210M. For furth...

Gainers: [[OBSV]] +33%. [[DBVT]] +28.1%. [[TUFN]] +21.8%. [[BB]] +17.2%. [[PPIH]] +13.4%.Losers: [[EAF]] -5%. [[MIK]] -4.4%. [[DOGZ]] -3.9%. [[WBAI]] -3.5%. [[LCI]] -3.2%. For further details see: BB, LCI, OBSV and MIK among after-hours movers

Several bullish and bearish forces are impacting the market in the first couple of weeks of 2021. While the market finished higher in the first-week of trading, there was some weakness under the surface. The POWR Ratings has identified four technically and/or fundamentally weak stocks that in...

Lannett Announces New $30 Million Revolving Credit Facility PHILADELPHIA , Dec. 7, 2020 /PRNewswire/ -- Lannett Company, Inc. (NYSE: LCI) today announced the closing of a $30 million asset-backed revolving credit facility with Wells Fargo Bank, National Association. ...

Using cash on hand, Lannett Company (LCI) has fully repaid the remaining outstanding balance of $42M in its Term A Loans.CEO Tim Crew says, "Paying off our Term A Loans is an important achievement and a key step toward strengthening our balance sheet and improving our long-term financial heal...