Lannett FQ1 top line down 18% as pricing headwinds continue

Lannett Company (NYSE:LCI) fiscal Q1 results:

Sales: $127.3M (-17.9%).

Net loss: ($12.2M) (+95.8%); non-GAAP net income: $8.8M (-48.2%); loss/share: ($0.32) (+95.8%); non-GAAP EPS: $0.22 (-50.0%).

Fiscal 2020 guidance: Sales: $525M – 545M (unch); non-GAAP EBITDA: $145M – 160M (unch).

Shares down 4% after hours.

https://seekingalpha.com/news/3515836-lannett-fq1-top-line-18-percent-pricing-headwinds-continue-shares-4-percent-ah