Record-Breaking Revenue and Growth in 2024
Total revenue for 2024 was $161 million, representing a 13% increase over 2023 revenues. Adjusted EBITDA was a record $34.1 million, representing a 42% year-over-year growth.
Strong Financial Position and Special Dividend
Generated $47.6 million in cash from operations in 2024, resulting in a year-end strong balance sheet with $78.4 billion in cash. Announced a special cash dividend of $0.20 per share.
Positive Outlook for 2025
Forecasting 2025 annual revenues of $178 million to $182 million and $38 million to $42 million of adjusted EBITDA, representing an increase of approximately 12% in revenues and 17% in adjusted EBITDA over 2024.
Expansion of Plasma Collection Centers
Opened second plasma collection center in Houston, Texas, and completed construction of a third in San Antonio, Texas, expected to contribute $8 million to $10 million in sales of normal source plasma annually.
Successful Product Launches and Contracts
Launched first biosimilar product in Israel and awarded a three-year contract for the supply of KAMRAB and VARIZIG in Latin America, expected to generate approximately $25 million in revenue.