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Press Release

ANI Pharmaceuticals Reports Record Full Year Results, Reports Fourth Quarter 2017 Results, and Provides 2018 Guidance

ANI Pharmaceuticals
Posted on: 28 Feb 18

BAUDETTE, Minn., Feb. 27, 2018 /PRNewswire/ --  

For the full year ended December 31, 2017:

Record net revenues of $176.8 million, an increase of 37% versus 2016

GAAP net loss of $1.1 million, including a $13.4 million charge due to the Tax Cuts and Jobs Act

Diluted GAAP loss per share of $0.09, including $1.16 impact of charge due to the Tax Cuts and Jobs Act

Adjusted non-GAAP EBITDA of $74.2 million

Adjusted non-GAAP diluted earnings per share of $3.91

For the fourth quarter 2017:

Net revenues of $47.3 million, an increase of 24% as compared to the same period in 2016

GAAP net loss of $9.6 million, including impact of $13.4 million charge due to the Tax Cuts and Jobs Act

Diluted GAAP loss per share of $0.83, including $1.16 impact of charge due to the Tax Cuts and Jobs Act

Adjusted non-GAAP EBITDA of $19.7 million

Adjusted non-GAAP diluted earnings per share of $1.08

Guidance for 2018:

Net revenues of $212 million to $228 million

Adjusted non-GAAP EBITDA of $90 million to $100 million

Adjusted non-GAAP diluted earnings per share of $5.43 to $6.08

ANI Pharmaceuticals, Inc. ("ANI") (NASDAQ: ANIP) today reported its financial results for the three and twelve months ended December 31, 2017, and provided its 2018 financial guidance. The Company will host its earnings conference call this morning, February 27, 2018, at 10:30 AM ET. Investors and other interested parties can join the call by dialing (866) 776-8875. The conference ID is 9773589.

Editor's Details

Mike Wood
PharmiWeb.com
www.pharmiweb.com
editor@pharmiweb.com

Last updated on: 28/02/2018

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