Aytu BioPharma Reports Fiscal 2024 Full Year and Fourth Quarter Operational and Financial Results
Rhea-AI Summary
Aytu BioPharma reported fiscal 2024 full year and fourth quarter results. Key highlights include:
- Full year consolidated net revenue of $81.0 million, with Rx Segment revenue of $65.2 million
- ADHD Portfolio net revenue increased 23% to $57.8 million
- Adjusted EBITDA improved to $9.2 million, up $5.7 million from fiscal 2023
- Cash balance of $20.0 million as of June 30, 2024
The company expects Rx Segment net revenue and adjusted EBITDA growth in fiscal 2025. Aytu completed the wind down and divestiture of its Consumer Health Segment in July 2024, focusing on its higher-margin Rx Segment. The ADHD Portfolio saw strong growth, while the Pediatric Portfolio was impacted by payer changes but is showing signs of recovery.
Positive
- ADHD Portfolio net revenue increased 23% to $57.8 million in fiscal 2024
- Adjusted EBITDA improved to $9.2 million, up $5.7 million from fiscal 2023
- Rx Segment gross margin improved to 75% in fiscal 2024 from 71% in fiscal 2023
- Company expects Rx Segment net revenue and adjusted EBITDA growth in fiscal 2025
- Successfully refinanced existing term loan and extended revolving credit facility on more favorable terms
Negative
- Consolidated net revenue decreased to $81.0 million from $107.4 million in the prior year
- Net loss of $15.8 million in fiscal 2024, or $2.86 net loss per share
- Pediatric Portfolio net revenue decreased to $7.3 million due to payor changes
- Q4 ADHD Portfolio net revenue decreased 13% to $13.8 million compared to Q4 fiscal 2023
- Cash and cash equivalents decreased to $20.0 million from $23.0 million at the end of fiscal 2023
News Market Reaction – AYTU
In the trading session that priced this news, AYTU declined 17.16%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Full year fiscal 2024 consolidated net revenue of
Full year fiscal 2024 ADHD Portfolio net revenue up
Full year fiscal 2024 adjusted EBITDA1 improved to
Company expects Rx Segment net revenue and adjusted EBITDA growth in fiscal 2025 from current levels
Company to host conference call and webcast today, September 26, 2026, at 4:30 p.m. Eastern time
DENVER, CO / ACCESSWIRE / September 26, 2024 / Aytu BioPharma, Inc. (the "Company" or "Aytu") (Nasdaq:AYTU), a pharmaceutical company focused on commercializing novel therapeutics, today announced operational and financial results for the fiscal 2024 full year and fourth quarter.
Full Year Fiscal 2024 Highlights
Consolidated net revenue was
$81.0 million versus$107.4 million in the prior year period. The change primarily reflects the Company's wind down of its Consumer Health Segment as part of the strategic mandate to focus its business solely on its Rx Segment, in an effort to drive long-term stockholder value.ADHD Portfolio (Adzenys XR-ODT® and Cotempla XR-ODT®) net revenue increased
23% to$57.8 million versus$46.9 million in fiscal 2023. The Company expects net revenue growth across the Rx Segment in fiscal 2025.Rx Segment gross margin improved to
75% in fiscal 2024 compared to71% in fiscal 2023.Consumer Health Segment net revenue during fiscal 2024 was
$15.8 million , a decrease of53% versus fiscal 2023, in line with the Company's strategy to discontinue the Consumer Health Segment. As previously announced, the Company completed the wind down and divestiture its Consumer Health Segment in July 2024.Net loss during fiscal 2024 was
$15.8 million , or$2.86 net loss per share, compared to a net loss of$17.1 million , or$5.11 net loss per share, in fiscal 2023.Consolidated adjusted EBITDA was
$9.2 million in fiscal 2024 compared to$3.5 million in fiscal 2023. The Company expects adjusted EBITDA growth in fiscal 2025.Cash and cash equivalents were
$20.0 million at June 30, 2024, compared to$23.0 million at June 30, 2023.Successfully refinanced existing term loan and extended revolving credit facility on more favorable terms to the Company. In addition, the Company received
$3.5 million of additional capital through the exercise of warrants, a portion of which was used to pay down the term loan indebtedness.
Q4 Fiscal 2024 Highlights
Consolidated net revenue was
$18.0 million versus$30.7 million in the prior year period and reflects the Company's continued planned wind down of its Consumer Health Segment and change in payor coverage, which impacted the Pediatric Portfolio. Pediatric Portfolio unit sales have grown115% from July 1, 2024, to September 25, 2024.ADHD Portfolio (Adzenys XR-ODT® and Cotempla XR-ODT®) net revenue decreased
13% to$13.8 million versus$15.9 million in Q4 fiscal 2023, reflecting timing differences between the third and fourth quarters of the prior year's period. Net revenue for the ADHD Portfolio increased8% to$26.1 million in the second half of fiscal 2024 versus$24.1 million in the second half of fiscal 2023.Rx Segment gross margin improved to
76% in Q4 2024 compared to75% in Q4 2023.Consumer Health Segment net revenue during Q4 2024 was
$3.4 million , a decrease of54% versus Q4 2023, in line with the Company's strategy to discontinue the Consumer Health Segment. As previously announced, the Company completed the wind down and divestiture its Consumer Health Segment in July 2024.Net loss during Q4 2024 was
$4.6 million , or$0.82 net loss per share, compared to a net loss of$2.5 million , or$0.59 net loss per share, in Q4 2023.Consolidated adjusted EBITDA was
$1.5 million in Q4 2024 compared to$7.7 million in Q4 2023.
Management Discussion
"During fiscal 2024, we continued to successfully reposition Aytu as a growing specialty pharmaceutical company focused on commercializing novel prescription therapeutics. Over the past year, we successfully wound down and subsequently announced the sale of our Consumer Health business, which was completed in July 2024. This renewed focus on our higher-margin Rx Segment, coupled with the successful implementation of a number of cost saving initiatives, resulted in consolidated adjusted EBITDA of
"Within our Rx Segment, our ADHD Portfolio net revenue increased
"The strategic and operational initiatives we have implemented have allowed us to maintain a strong cash position, which was in excess of
Non-Core Business Update
In June 2023, the Company announced that it had instituted a strategic mandate focusing its business solely on its Rx Segment, in an effort to drive long-term stockholder value. The Company has generated positive adjusted EBITDA for both fiscal 2024 and fiscal 2023, as well as for eight of the last reported nine quarters for Rx, excluding the Consumer Health Segment and pipeline R&D (the "Rx Business"). This concentration on the Rx Business follows the successful completion of the wind down and divestiture of the Consumer Health Segment in July of 2024.
This goal of emphasizing profitability was initially started with the indefinite suspension of all pipeline clinical development programs announced in October 2022 to minimize research and development expense until such time that the Company can fund those efforts with internally generated cash flows or through strategic partnerships. During fiscal 2023, the Consumer Health Segment contributed adjusted EBITDA of negative
Segment Reporting
| Three Months Ended |
|
| Twelve Months Ended |
| |||||||||||
| June 30, |
|
| June 30, |
| |||||||||||
| 2024 |
|
| 2023 |
|
| 2024 |
|
| 2023 |
| |||||
| (in thousands) |
|
| (in thousands) |
| |||||||||||
Rx Segment net revenue |
| $ | 14,593 |
|
| $ | 23,313 |
|
| $ | 65,183 |
|
| $ | 73,799 |
|
Consumer Health Segment net revenue |
|
| 3,383 |
|
|
| 7,419 |
|
|
| 15,819 |
|
|
| 33,600 |
|
Total net revenue |
| $ | 17,976 |
|
| $ | 30,732 |
|
| $ | 81,002 |
|
| $ | 107,399 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
ADHD Portfolio net revenue |
| $ | 13,758 |
|
| $ | 15,878 |
|
| $ | 57,784 |
|
| $ | 46,855 |
|
Pediatric Portfolio net revenue |
|
| 841 |
|
|
| 7,225 |
|
|
| 7,280 |
|
|
| 25,377 |
|
Other (1) |
|
| (6 | ) |
|
| 210 |
|
|
| 119 |
|
|
| 1,567 |
|
Total Rx Segment net revenue |
| $ | 14,593 |
|
| $ | 23,313 |
|
| $ | 65,183 |
|
| $ | 73,799 |
|
(1) Other includes discontinued or deprioritized products.
Full Year Fiscal 2024 Financial Results
Net revenue for the full year fiscal 2024 was
Net revenue from the Rx Segment for the full year of fiscal 2024 was
Net revenue from the Consumer Health Segment was
Consolidated gross profit was
Operating expenses, excluding amortization of intangible assets, restructuring costs, impairment expense and gain from contingent consideration, were
Loss from operations for full year fiscal 2024 was
Net loss for full year fiscal 2024 was
Consolidated adjusted EBITDA was
Cash and cash equivalents at June 30, 2024, were
Q4 Fiscal 2024 Financial Results
Net revenue for the fourth quarter of fiscal 2024 was
Net revenue from the Rx Segment in the fourth quarter of fiscal 2024 was
Net revenue from the Consumer Health Segment was
Consolidated gross profit was
Operating expenses, excluding amortization of intangible assets, restructuring costs, impairment expense and gain from contingent consideration, were
Loss from operations during the fourth quarter of fiscal 2024 was
Net loss during the fourth quarter of fiscal 2024 was
Consolidated adjusted EBITDA was
Conference Call Details
Date and Time: Thursday, September 26, 2024, at 4:30 p.m. Eastern time.
Call-in Information: Interested parties can access the conference call by dialing (888) 506-0062 for United States callers or +1 (973) 528-0011 for international callers and using the participant access code 216512.
Webcast Information: The webcast will be accessible live and archived at https://www.webcaster4.com/Webcast/Page/2142/51231, and accessible on the Investors section of the Company's website at https://investors.aytubio.com/ under Events & Presentations.
Replay: A teleconference replay of the call will be available until October 10, 2024, at (877) 481-4010 for United States callers or +1 (919) 882-2331 for international callers and using replay access code 51231.
About Aytu BioPharma, Inc.
Aytu is a pharmaceutical company focused on commercializing novel therapeutics. The Company's prescription products include Adzenys XR-ODT® (amphetamine) extended-release orally disintegrating tablets (see Full Prescribing Information, including Boxed WARNING) and Cotempla XR-ODT® (methylphenidate) extended-release orally disintegrating tablets (see Full Prescribing Information, including Boxed WARNING) for the treatment of attention deficit hyperactivity disorder (ADHD), Karbinal® ER (carbinoxamine maleate), an extended-release antihistamine suspension indicated to treat numerous allergic conditions, and Poly-Vi-Flor® and Tri-Vi-Flor®, two complementary fluoride-based prescription vitamin product lines available in various formulations for infants and children with fluoride deficiency. To learn more, please visit aytubio.com.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended ("Exchange Act"). All statements other than statements of historical facts contained in this press release, are forward-looking statements. Forward-looking statements are generally written in the future tense and/or are preceded by words such as "may," "will," "should," "forecast," "could," "expect," "suggest," "believe," "estimate," "continue," "anticipate," "intend," "plan," or similar words, or the negatives of such terms or other variations on such terms or comparable terminology. All statements other than statements of historical facts contained in this presentation, are forward-looking statements. These statements are predictions and are subject to risks and uncertainties that could cause the actual events or results to differ materially. These risks and uncertainties include, among others, risks associated with: the Company's plans relating to the Company's ability to efficiently wind down the Consumer Health Segment, the Company's ability to complete the manufacturing transfer of Adzenys XR-ODT® and Cotempla XR-ODT®, the Company's overall financial and operational performance, potential adverse changes to the Company's financial position or our business, the results of operations, strategy and plans, changes in capital markets and the ability of the Company to finance operations in the manner expected, risks relating to gaining market acceptance of our products, our partners performing their required activities, our anticipated future cash position, regulatory and compliance challenges and future events under current and potential future collaborations. We also refer you to (i) the risks described in "Risk Factors" in Part I, Item 1A of our most recent Annual Report on Form 10‑K and in the other reports and documents it files with the United States Securities and Exchange Commission.
Footnote 1
Aytu uses the term adjusted EBITDA, which is a term not defined under United States generally accepted accounting principles ("U.S. GAAP"). The Company uses this term because it is a widely accepted financial indicator utilized to analyze and compare companies on the basis of operating performance. The Company believes that presenting adjusted EBITDA by certain categories allows investors to evaluate the various performance of these categories. The Company's method of computation of adjusted EBITDA may or may not be comparable to other similarly titled measures used by other companies. We believe that net income (loss) is the performance measure calculated and presented in accordance with U.S. GAAP that is most directly comparable to adjusted EBITDA. See below for a reconciliation of net income (loss) to adjusted EBITDA.
Contacts for Investors
Mark Oki, Chief Financial Officer
Aytu BioPharma, Inc.
moki@aytubio.com
Robert Blum or Roger Weiss
Lytham Partners
aytu@lythampartners.com
Aytu BioPharma, Inc.
Consolidated Statements of Operations
(in thousands, except share and per share data)
| Three Months Ended |
|
| Twelve Months Ended |
| |||||||||||
| June 30, |
|
| June 30, |
| |||||||||||
| 2024 |
|
| 2023 |
|
| 2024 |
|
| 2023 |
| |||||
Net revenue |
| $ | 17,976 |
|
| $ | 30,732 |
|
| $ | 81,002 |
|
| $ | 107,399 |
|
Cost of sales |
|
| 6,070 |
|
|
| 12,168 |
|
|
| 26,416 |
|
|
| 40,767 |
|
Gross profit |
|
| 11,906 |
|
|
| 18,564 |
|
|
| 54,586 |
|
|
| 66,632 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling and marketing |
|
| 6,411 |
|
|
| 7,982 |
|
|
| 26,958 |
|
|
| 41,448 |
|
General and administrative |
|
| 4,677 |
|
|
| 6,113 |
|
|
| 22,514 |
|
|
| 28,630 |
|
Research and development |
|
| 1,044 |
|
|
| 465 |
|
|
| 2,791 |
|
|
| 4,095 |
|
Amortization of intangible assets |
|
| 1,303 |
|
|
| 1,195 |
|
|
| 5,212 |
|
|
| 4,788 |
|
Restructuring costs |
|
| 2,121 |
|
|
| - |
|
|
| 2,365 |
|
|
| - |
|
Impairment expense |
|
| - |
|
|
| 3,105 |
|
|
| - |
|
|
| 5,705 |
|
Gain from contingent consideration |
|
| - |
|
|
| (465 | ) |
|
| - |
|
|
| (969 | ) |
Total operating expenses |
|
| 15,556 |
|
|
| 18,395 |
|
|
| 59,840 |
|
|
| 83,697 |
|
(Loss) income from operations |
|
| (3,650 | ) |
|
| 169 |
|
|
| (5,254 | ) |
|
| (17,065 | ) |
Other income, net |
|
| 48 |
|
|
| 82 |
|
|
| 568 |
|
|
| 184 |
|
Interest expense |
|
| (1,189 | ) |
|
| (1,334 | ) |
|
| (4,792 | ) |
|
| (4,963 | ) |
Derivative warrant liabilities gain (loss) |
|
| 1,463 |
|
|
| (1,374 | ) |
|
| (4,004 | ) |
|
| 4,793 |
|
Loss on extinguishment of debt |
|
| (594 | ) |
|
| - |
|
|
| (594 | ) |
|
| - |
|
Loss before income tax |
|
| (3,922 | ) |
|
| (2,457 | ) |
|
| (14,076 | ) |
|
| (17,051 | ) |
Income tax expense |
|
| (695 | ) |
|
| - |
|
|
| (1,768 | ) |
|
| - |
|
Net loss |
| $ | (4,617 | ) |
| $ | (2,457 | ) |
| $ | (15,844 | ) |
| $ | (17,051 | ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted weighted-average common shares outstanding |
|
| 5,619,726 |
|
|
| 4,144,098 |
|
|
| 5,537,957 |
|
|
| 3,339,906 |
|
Basic and diluted net loss per share |
| $ | (0.82 | ) |
| $ | (0.59 | ) |
| $ | (2.86 | ) |
| $ | (5.11 | ) |
Aytu BioPharma, Inc.
Consolidated Balance Sheets
(in thousands, except share data)
| June 30, |
| ||||||
| 2024 |
|
| 2023 |
| |||
ASSETS |
|
|
|
|
|
| ||
Current assets: |
|
|
|
|
|
| ||
Cash and cash equivalents |
| $ | 20,006 |
|
| $ | 22,985 |
|
Accounts receivable, net |
|
| 23,617 |
|
|
| 28,937 |
|
Inventories |
|
| 12,633 |
|
|
| 11,995 |
|
Prepaid expenses and other current assets |
|
| 5,635 |
|
|
| 7,162 |
|
Total current assets |
|
| 61,891 |
|
|
| 71,079 |
|
Non-current assets: |
|
|
|
|
|
|
|
|
Property and equipment, net |
|
| 693 |
|
|
| 1,815 |
|
Operating lease right-of-use assets |
|
| 829 |
|
|
| 2,054 |
|
Intangible assets, net |
|
| 52,453 |
|
|
| 58,970 |
|
Other non-current assets |
|
| 2,229 |
|
|
| 2,545 |
|
Total non-current assets |
|
| 56,204 |
|
|
| 65,384 |
|
Total assets |
| $ | 118,095 |
|
| $ | 136,463 |
|
|
|
|
|
|
|
|
| |
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
Accounts payable |
| $ | 10,440 |
|
| $ | 13,478 |
|
Accrued liabilities |
|
| 38,574 |
|
|
| 46,799 |
|
Revolving credit facility |
|
| 2,395 |
|
|
| 1,563 |
|
Current portion of debt |
|
| 1,857 |
|
|
| 85 |
|
Other current liabilities |
|
| 8,962 |
|
|
| 7,090 |
|
Total current liabilities |
|
| 62,228 |
|
|
| 69,015 |
|
Non-current liabilities: |
|
|
|
|
|
|
|
|
Debt, net of current portion |
|
| 10,877 |
|
|
| 14,713 |
|
Derivative warrant liabilities |
|
| 12,745 |
|
|
| 6,403 |
|
Other non-current liabilities |
|
| 4,529 |
|
|
| 6,975 |
|
Total non-current liabilities |
|
| 28,151 |
|
|
| 28,091 |
|
Stockholders' equity: |
|
|
|
|
|
|
|
|
Preferred stock, par value $.0001; 50,000,000 shares authorized; no shares issued or outstanding |
|
| - |
|
|
| - |
|
Common stock, par value $.0001; 200,000,000 shares authorized; 5,972,638 and 5,517,174 shares issued and outstanding, respectively |
|
| 1 |
|
|
| 1 |
|
Additional paid-in capital |
|
| 347,688 |
|
|
| 343,485 |
|
Accumulated deficit |
|
| (319,973 | ) |
|
| (304,129 | ) |
Total stockholders' equity |
|
| 27,716 |
|
|
| 39,357 |
|
Total liabilities and stockholders' equity |
| $ | 118,095 |
|
| $ | 136,463 |
|
Aytu BioPharma, Inc.
Reconciliation of Net Loss to Adjusted EBITDA - Twelve Months Ended
(in thousands)
| Twelve Months Ended |
| ||||||||||||||
| June 30, 2024 |
| ||||||||||||||
| Rx |
|
| Consumer |
|
| Pipeline |
|
| Consolidated |
| |||||
Net loss - GAAP |
| $ | (11,163 | ) |
| $ | (3,698 | ) |
| $ | (983 | ) |
| $ | (15,844 | ) |
Depreciation and amortization |
|
| 5,910 |
|
|
| 1,547 |
|
|
| - |
|
|
| 7,457 |
|
Stock-based compensation expense |
|
| 2,374 |
|
|
| 540 |
|
|
| - |
|
|
| 2,914 |
|
Other income, net |
|
| (568 | ) |
|
| - |
|
|
| - |
|
|
| (568 | ) |
Interest expense |
|
| 4,757 |
|
|
| 35 |
|
|
| - |
|
|
| 4,792 |
|
Derivative warrant liabilities loss |
|
| 4,004 |
|
|
| - |
|
|
| - |
|
|
| 4,004 |
|
One-time transactions |
|
| 1,001 |
|
|
| - |
|
|
| - |
|
|
| 1,001 |
|
Income tax expense |
|
| 1,768 |
|
|
| - |
|
|
| - |
|
|
| 1,768 |
|
Inventory impairment due to wind down |
|
| - |
|
|
| 730 |
|
|
| - |
|
|
| 730 |
|
Restructuring costs |
|
| 2,156 |
|
|
| 209 |
|
|
| - |
|
|
| 2,365 |
|
Loss on extinguishment of debt |
|
| 594 |
|
|
| - |
|
|
| - |
|
|
| 594 |
|
Adjusted EBITDA - non-GAAP |
| $ | 10,833 |
|
| $ | (637 | ) |
| $ | (983 | ) |
| $ | 9,213 |
|
| Twelve Months Ended |
| ||||||||||||||
| June 30, 2023 |
| ||||||||||||||
| Rx |
|
| Consumer |
|
| Pipeline |
|
| Consolidated |
| |||||
Net loss - GAAP |
| $ | (4,694 | ) |
| $ | (9,761 | ) |
| $ | (2,596 | ) |
| $ | (17,051 | ) |
Depreciation and amortization |
|
| 6,271 |
|
|
| 1,116 |
|
|
| - |
|
|
| 7,387 |
|
Stock-based compensation expense |
|
| 5,699 |
|
|
| 324 |
|
|
| 22 |
|
|
| 6,045 |
|
Other income, net |
|
| (184 | ) |
|
| - |
|
|
| - |
|
|
| (184 | ) |
Interest expense |
|
| 4,908 |
|
|
| 55 |
|
|
| - |
|
|
| 4,963 |
|
Gain from contingent consideration |
|
| (578 | ) |
|
| (391 | ) |
|
| - |
|
|
| (969 | ) |
Derivative warrant liabilities gain |
|
| (4,793 | ) |
|
| - |
|
|
| - |
|
|
| (4,793 | ) |
One-time transactions |
|
| 300 |
|
|
| - |
|
|
| - |
|
|
| 300 |
|
Impairment expense |
|
| 2,730 |
|
|
| 5,094 |
|
|
| - |
|
|
| 7,824 |
|
Adjusted EBITDA - non-GAAP |
| $ | 9,659 |
|
| $ | (3,563 | ) |
| $ | (2,574 | ) |
| $ | 3,522 |
|
Aytu BioPharma, Inc.
Reconciliation of Net Income (Loss) to Adjusted EBITDA - Three Months Ended
(in thousands)
| Three Months Ended |
| ||||||||||||||
| June 30, 2024 |
| ||||||||||||||
| Rx |
|
| Consumer Health |
|
| Pipeline |
|
| Consolidated |
| |||||
Net loss - GAAP |
| $ | (2,633 | ) |
| $ | (1,385 | ) |
| $ | (599 | ) |
| $ | (4,617 | ) |
Depreciation and amortization |
|
| 1,398 |
|
|
| 385 |
|
|
| - |
|
|
| 1,783 |
|
Stock-based compensation expense |
|
| 243 |
|
|
| 110 |
|
|
| - |
|
|
| 353 |
|
Other income, net |
|
| (48 | ) |
|
| - |
|
|
| - |
|
|
| (48 | ) |
Interest expense |
|
| 1,181 |
|
|
| 8 |
|
|
| - |
|
|
| 1,189 |
|
Derivative warrant liabilities gain |
|
| (1,463 | ) |
|
| - |
|
|
| - |
|
|
| (1,463 | ) |
One-time transactions |
|
| 150 |
|
|
| - |
|
|
| - |
|
|
| 150 |
|
Income tax expense |
|
| 695 |
|
|
| - |
|
|
| - |
|
|
| 695 |
|
Inventory impairment due to wind down |
|
| - |
|
|
| 730 |
|
|
| - |
|
|
| 730 |
|
Restructuring costs |
|
| 1,912 |
|
|
| 209 |
|
|
| - |
|
|
| 2,121 |
|
Loss on extinguishment of debt |
|
| 594 |
|
|
| - |
|
|
| - |
|
|
| 594 |
|
Adjusted EBITDA - non-GAAP |
| $ | 2,029 |
|
| $ | 57 |
|
| $ | (599 | ) |
| $ | 1,487 |
|
| Three Months Ended |
| ||||||||||||||
| June 30, 2023 |
| ||||||||||||||
|
| Rx |
|
| Consumer |
|
| Pipeline |
|
| Consolidated |
| ||||
Net income (loss) - GAAP |
| $ | 3,677 |
|
| $ | (6,098 | ) |
| $ | (36 | ) |
| $ | (2,457 | ) |
Depreciation and amortization |
|
| 1,562 |
|
|
| 274 |
|
|
| - |
|
|
| 1,836 |
|
Stock-based compensation expense |
|
| 784 |
|
|
| 115 |
|
|
| - |
|
|
| 899 |
|
Impairment expense |
|
| 130 |
|
|
| 5,094 |
|
|
| - |
|
|
| 5,224 |
|
Other income, net |
|
| (82 | ) |
|
| - |
|
|
| - |
|
|
| (82 | ) |
Interest expense |
|
| 1,287 |
|
|
| 47 |
|
|
| - |
|
|
| 1,334 |
|
Gain from contingent consideration |
|
| (465 | ) |
|
| - |
|
|
| - |
|
|
| (465 | ) |
Derivative warrant liabilities loss |
|
| 1,374 |
|
|
| - |
|
|
| - |
|
|
| 1,374 |
|
Adjusted EBITDA - non-GAAP |
| $ | 8,267 |
|
| $ | (568 | ) |
| $ | (36 | ) |
| $ | 7,663 |
|
SOURCE: Aytu BioPharma
View the original press release on accesswire.com