Aytu BioPharma Q2 revenue beats expectations

Reuters
Feb 04
<a href="https://laohu8.com/S/AYTUZ">Aytu BioPharma</a> <a href="https://laohu8.com/S/QTWO">Q2</a> revenue beats expectations

Overview

  • Pharmaceutical company's Q2 revenue beat analyst expectations

  • Adjusted EBITDA for Q2 beat analyst expectations

Outlook

  • Company did not provide specific financial guidance for future quarters or full year in press release

Result Drivers

  • SHIFT IN MARKETING - Decreased net revenue from ADHD and Pediatric portfolios due to marketing focus shift to EXXUA

  • INVESTMENTS IN EXXUA - Significant investments in EXXUA launch impacted adjusted EBITDA, which still beat expectations

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

$15.17 mln

$12.17 mln (3 Analysts)

Q2 Net Income

-$10.58 mln

Q2 Adjusted EBITDA

Beat

-$800,000

-$4.30 mln (3 Analysts)

Q2 Gross Profit

$9.62 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the pharmaceuticals peer group is "buy"

  • Wall Street's median 12-month price target for Aytu Biopharma Inc is $8.00, about 195.2% above its February 2 closing price of $2.71

Press Release: ID:nACStMvP3a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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