On August 27, Lannett Company reported its fourth-quarter earnings results. The company reported revenues of $133.84 million, a year-over-year decline of 21.69%. However, this was $13.56 million higher than the consensus estimate. The company also reported non-GAAP EPS (earnings per share) of $0.37. This is $0.16 higher than the consensus.
Lannett Company has projected an annual revenue contribution of new product launches to be close to $75 million. However, the company expected new partnered products to report gross margin close to 35%. This gross margin is lower than the company’s overall gross margin of 45% in the fourth quarter.
Guidance for fiscal 2020
In its fourth-quarter earnings call, Lannett Company guided for GAAP and non-GAAP net sales of $525 million–$545 million in fiscal 2020. This range implies YoY growth of 15%–19%.
SOURCE: MARKET REALIST , MARGARET PATRICK
Lannett Company has projected an annual revenue contribution of new product launches to be close to $75 million. However, the company expected new partnered products to report gross margin close to 35%. This gross margin is lower than the company’s overall gross margin of 45% in the fourth quarter.
Guidance for fiscal 2020
In its fourth-quarter earnings call, Lannett Company guided for GAAP and non-GAAP net sales of $525 million–$545 million in fiscal 2020. This range implies YoY growth of 15%–19%.
SOURCE: MARKET REALIST , MARGARET PATRICK