Business
Lantheus Holdings, Inc. Reports First Quarter 2021 Financial Results
Worldwide revenue of $92.5 million for the first quarter 2021, representing an increase of 2.0% from the prior year period Net income of $9.0 million for the
About this update from Lantheus Holdings, Inc.
[{"type":"text","content":"\n\nWorldwide revenue of $92.5 million for the first quarter 2021, representing an increase of 2.0% from the prior year period\n\n\nNet income of $9.0 million for the first quarter 2021, compared to net income of $3.3 million in the prior year period\n\n\nGAAP fully diluted EPS of $0.13 for the first quarter 2021, compared to GAAP fully diluted EPS of $0.08 in the prior year period; adjusted fully diluted EPS of $0.05 for the first quarter 2021, compared to adjusted fully diluted EPS of $0.36 in the prior year period\n\n\nNet cash provided by operating activities was $9.8 million for the first quarter 2021. Free cash flow was $7.3 million in the first quarter 2021\n\n\nThe Company provides second quarter 2021 revenue and adjusted diluted earnings per share guidance; updates full year guidance \n\n\n NORTH BILLERICA, Mass.--(BUSINESS WIRE)--\nLantheus Holdings, Inc. (NASDAQ: LNTH) (Lantheus), an established leader and fully integrated provider of innovative imaging diagnostics, targeted therapeutics and artificial intelligence solutions to find, fight and follow serious medical conditions, today reported financial results for its first quarter ended March 31, 2021.\n\nThe Company’s worldwide revenue for the first quarter of 2021 totaled $92.5 million, compared with $90.7 million for the first quarter of 2020, representing an increase of 2.0% from the prior year period.\n\nThe Company’s first quarter 2021 net income was $9.0 million, or $0.13 per fully diluted share, as compared to net income of $3.3 million, or $0.08 per fully diluted share for the first quarter of 2020.\n\nThe Company’s first quarter 2021 adjusted fully diluted earnings per share were $0.05, as compared to $0.36 for the first quarter of 2020, representing a decrease of 86.3% from the prior year period.\n\nLastly, net cash provided by operating activities was $9.8 million for the first quarter 2021. Free Cash Flow was $7.3 million in the first quarter of 2021, representing an increase of approximately $0.6 million from the prior year period.\n\n“We had a strong start to 2021 with solid first quarter revenue and earnings overperformance driven mainly by DEFINITY volume. While COVID-19 did impact the early part of the quarter, we are encouraged by the continued trend toward in-person delivery of healthcare,” said Mary Anne Heino, President and CEO. “Currently, we a...