- Endo ( OTC:ENDO ) shows a topline beat with revenue at $569.11M, down 20% Y/Y; the drop was primarily attributable to decreased revenues from our Sterile Injectables segment, partially offset by increased revenues from our Generic Pharmaceuticals segment.
- Loss from continuing operations $1.88B vs. $10M in Q2 2021.
- Company had ~$1.2B in unrestricted cash; $8.1B of debt; and a net debt to adjusted EBITDA ratio of 5.6.
- Net cash used in operating activities was $133M vs. $155M provided by operating activities during Q2.
- Non-GAAP EPS of -$0.03 beats consensus by $0.11.
- Company has a Strong Sell rating by author who write: ' Rumors of negotiations with secured creditors occurring before the bankruptcy filing. ' and ' Possibly impairment of first lien debt and near certain impairment of second lien debt means zero equity value. '
- Quant rating of Hold with lowest factor grades given to momentum and growth.
- Sell-side analyst rating of Hold with an average price target of $1.33.
- Stock down 19% pre-market.
- Previously (Aug. 9): Endo Non-GAAP EPS of -$0.03 beats by $0.11, revenue of $569.11M beats by $44.54M
For further details see:
Endo slumps 19% despite Q2 beat, are fears of bankruptcy creeping in?