Business
Lantheus Holdings, Inc. Reports First Quarter 2020 Financial Results
Worldwide revenue of $90.7 million for the first quarter 2020, representing an increase of 4.8% over the prior year period Net income of $3.3 million for the
About this update from Lantheus Holdings, Inc.
[{"type":"text","content":"\n\nWorldwide revenue of $90.7 million for the first quarter 2020, representing an increase of 4.8% over the prior year period\n\n\nNet income of $3.3 million for the first quarter 2020, representing a decrease of 66.5% from the prior year period\n\n\nGAAP diluted EPS of $0.08 for the first quarter 2020, representing a decrease of 66.7% from the prior year period; adjusted diluted EPS of $0.36 for the first quarter 2020, representing an increase of 26.1% over the prior year period\n\n\nNet cash provided by operating activities was $9.4 million for the first quarter 2020. Free cash flow of $6.7 million for the first quarter 2020\n\n\nDue to uncertain COVID-19 impact, 2020 guidance withdrawn\n\n\n NORTH BILLERICA, Mass.--(BUSINESS WIRE)--\nLantheus Holdings, Inc. (the “Company”) (NASDAQ: LNTH), parent company of Lantheus Medical Imaging, Inc. (“LMI”), a global leader in the development, manufacture and commercialization of innovative diagnostic imaging agents and products, today reported financial results for its first quarter ended March 31, 2020.\n\n\nThe Company’s worldwide revenue for the first quarter of 2020 totaled $90.7 million, compared with $86.5 million for the first quarter of 2019, representing an increase of 4.8% over the prior year period.\n\n\nThe Company’s first quarter 2020 net income was $3.3 million, or $0.08 per fully diluted share, as compared to $9.9 million, or $0.25 per fully diluted share for the first quarter of 2019, representing a decrease of 66.7% from the prior year period.\n\n\nThe Company’s first quarter 2020 adjusted fully diluted earnings per share were $0.36, as compared to $0.28 for the first quarter of 2019, representing an increase of 26.1% over the prior year period.\n\n\nLastly, net cash provided by operating activities was $9.4 million for the first quarter 2020. Free Cash Flow was $6.7 million for the first quarter of 2020, representing an increase of approximately $6.8 million.\n\n\n“First and foremost, Lantheus is proud to serve the life sciences sector and we want to thank healthcare workers everywhere for their extraordinary commitment in these unprecedented times,” said Mary Anne Heino, President and CEO of Lantheus. “Although our first quarter started with robust customer demand, by mid-March our business began to experience the effects of the COVID-19 pandemic, including the impact...