2023-03-08 16:37:50 ET
- Assertio Holdings ( NASDAQ: ASRT ) is up 1% in after-hours trading after posting Q4 2022 earnings that beat on the top and bottom lines.
- For 2023, the company is also projecting net product revenues, on GAAP basis, of $150M-$160M. The consensus revenue estimate is $154.62M.
- In the quarter, Assertio ( ASRT ) saw its net income jump 1821% compared to the prior-year period to $88.6M ($1.34 per share diluted vs $0.10).
- Assertio ( ASRT ) was helped in the quarter by a 51% year-over-year increase in revenue to ~$50.4M .
- Net product sales in Q4 increased 55% compared to Q4 2021 to $49.9M.
- Assertio ( ASRT ) ended the quarter with cash and cash equivalents of ~$64.9M, a 76% increase compared to the end of 2021.
- Read why Assertio ( ASRT ) is atop Seeking Alpha's Quant Ratings list .
For further details see:
Assertio quarterly results beat on both lines; 2023 sales guidance in line with consensus