Categories Earnings, Health Care

Neos Therapeutics (NASDAQ: NEOS): Q4 2019 Earnings Snapshot

— Neos Therapeutics Inc. (NASDAQ: NEOS) reported a fourth-quarter 2019 loss of $0.07 per share versus a loss of $0.03 per share expected.

— Total product revenue grew by 9.1% to $16.8 million versus $20.57 million expected.

Earnings Update by AlphaStreet

— The bottom line reflected the evolution of the commercial strategy and the company’s focus on both operational productivity and expense management.

— The company reported growth in net product sales and net revenue per pack for its two core commercial attention deficit hyperactivity disorder (ADHD) products, Adzenys XR-ODT and Cotempla XR-ODT.

— During the fourth quarter of 2019, the company substantially expanded the number of participating pharmacies in the Neos RxConnect network to about 500 pharmacies, including one regional pharmacy chain, as of December 31, 2019.

— Neos recently agreed with a third-party to commercialize Neos’ ADHD portfolio in Puerto Rico. The commercial launch is anticipated to occur in the second quarter of 2020.

— The company achieved top-line results from the NT0502 Phase 1 pilot pharmacokinetic study and plans to initiate an ascending dose study in the second half of the year. This underserves patients struggling with chronic sialorrhea, otherwise known as excessive drooling, across numerous debilitating CNS disorders.

Listen to on-demand earnings calls and hear how management responds to analysts’ questions

Also Read:  Neogen Corp. (NEOG) Q1 2021 Earnings Call Transcript

Most Popular

Weibo (WB) reports upbeat Q2 results as pandemic situation stabilizes in China

Chinese social media platform Weibo (NASDAQ: WB) reported a year-over-year decline in non-GAAP EPS and revenue for the second quarter of 2020. However, both the bottom line and topline numbers

Software companies that witnessed growth during the COVID-19 pandemic

The business world experienced a heavy wave of change this year due to the COVID-19 pandemic which led several companies to move their operations online and allow their employees to

Accenture (ACN) drops 7% after missing Q4 estimates and weak guidance

Business consulting services provider Accenture (NYSE: ACN) reported its fourth quarter and fiscal 2020 earnings last Thursday. Accenture's failure to meet the market's earnings and revenue targets and the weak

Top