Search This Blog

Tuesday, March 5, 2019

Ligand sees Q1 revenue ‘at least’ $38M, not comparable to consensus $55.21M

Ligand is providing guidance for the first quarter of 2019 for total revenues of at least $38 million, and adjusted diluted EPS of approximately $30.00. First quarter revenue breakdown is projected to be approximately $19 million in royalties, including $15 million of Promacta royalties estimated for the first two months of 2019, $12 million in license fees and milestones and $7 million of material sales. There is potential for approximately $5 million in additional royalties and contract payments during the first quarter based on the timing of milestones and sales levels for royalty-bearing assets.
https://thefly.com/landingPageNews.php?id=2874705

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.