Record Revenue Growth
Total revenues reached $119.8 million, reflecting an increase of 78% year-over-year.
Significant Adjusted EBITDA Increase
Adjusted EBITDA rose to $45.4 million, representing a growth rate of 256% from the previous year.
Remarkable Net Income Growth
Net income increased by 1,300% year-over-year to $35.9 million.
Upward Revision of Financial Guidance
ADMA revised its financial guidance upwards for both 2024 and 2025, with total revenues expected to exceed $415 million in 2024 and $465 million in 2025.
Strategic Shift Towards High-Growth ASCENIV
ASCENIV is projected as a potential $1 billion revenue opportunity with strategic shifts in production.
Successful Implementation of ADMAlytics
The AI and machine learning platform has increased production efficiency, enhanced manufacturing visibility, and optimized commercial planning.