Wed. Dec 8th, 2021

Source: Streetwise reports 23/08/2021

A report by ROTH Capital Partners noted that Assertio Therapeutics ’business model is starting to gain strength.

In an August 20 research note, ROTH Capital Partners analyst Scott Henry reported Q2 / 21 results for Assertio Therapeutics Inc. (ASRT: NASDAQ).

“Basically, we found the quarter at the end of expectations based largely on revenue,” Henry wrote.

Pharma’s total revenue during Q2 / 21 was $ 25.4 million ($ 25.4 million) compared to ROTH’s estimated $ 20.4 million. The pace was due to the sale of four products. Indocin generated $ 13.1 million versus the $ 10.5 million ROTH forecast; Zipsor, $ 2.6 versus $ 2 million; Change, $ 6.1 million versus $ 6 million; and Sprix, $ 2.9 million versus $ 1.5 million.

Expenditure during Q2 / 21 amounted to $ 30.2 million, almost double the ROTH $ 15.7 million projection, but was due to the payment of a single litigation cost of $ 11. $ 3 million.

Get our free Metatrader 4 indicators – Include our free custom MetaTrader 4 indicators in your charts when you join our weekly newsletter

Get our weekly merchant engagement reports – See where the largest traders (Hedge Funds and Commercial Hedgers) are positioned weekly in the futures markets.

Assertio’s earnings per share (EPS) during Q2 / 21 resulted in a loss of $ 0.32, which was adjusted to take into account the reverse division of securities that the company executed at the beginning of the year. EPS was well above the estimated ROTH loss of $ 0.08. Henry noted that the loss of EPS would have been about $ 0.06 had it not been for the legal payment of $ 11.3.

In light of its strong Q2 / 21 gains, Assertio increased its net sales target for 2021 to $ 91-96 million, from $ 85 million to $ 92 million. It also revised its EBITDA target to $ 34–37 million, from $ 34 million to $ 40 million.

“We saw this hardening of the [EBITDA] it was a remarkable positive, as the previous guidelines did not take into account the $ 11.3 million legal burden that was adopted in Q2 21, ”Henry wrote.

On the quarter as a whole, the analyst commented: “We see Q2 / 21, combined with strong guidance, as a sign that the business model is starting to gain strength.”

To gain even more momentum, Henry pointed out, Assertio should focus on two areas. One is the acquisition of companies and / or products, the latter will likely be the “key positive lever for future actions,” he wrote.

The second is to take advantage of the company’s “hub model,” Henry added, in which recipes are channeled through a central location. This allows for better control of the entire pharmacy process, which ultimately translates into more prescriptions and easier reimbursement.

ROTH has a purchase rating and a target price of $ 1.55 per share on Assertio Therapeutics, which compares to its current price of approximately $ 0.89.

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. The following companies mentioned in this article pay her or members of her household: None.
2) The following companies mentioned in this article are sponsors of Streetwise Reports posters: None. Click here for important disclosures about sponsor commissions.
3) The comments and opinions expressed are those of specific experts and not those of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any title.
4) The article does not constitute investment advice. Each reader is advised to consult with their financial professional and any action taken by a reader as a result of the information presented here is their responsibility. By opening this page, each reader agrees and agrees to the terms and conditions of use and disclaimer of Streetwise Reports. This article is not an investment application. Streetwise Reports does not provide general or specific investment advice and Streetwise Reports information should not be considered a recommendation to buy or sell any securities. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned in Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and on-site interviews, may have a long or short position on the said values. Managers, officials, employees or members of their immediate family are prohibited from making purchases and / or sales of these securities on the open market or otherwise from the time of the decision to publish an article until the next three working days. to the publication of the article. The above prohibition does not apply to articles that, in essence, only reaffirm publications previously published by the company.
6) This article does not constitute medical advice. Streetwise Reports officers, employees, and collaborators are not licensed medical professionals. Readers should always contact their healthcare professionals for medical advice.

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission.

Source link

Leave a Reply