First Quarter of Positive Net Income
Aytu BioPharma reported positive net income for the first time in the company's history.
Six Consecutive Quarters of Positive Adjusted EBITDA
The company achieved its sixth consecutive quarter of positive adjusted EBITDA.
ADHD Portfolio Growth
ADHD portfolio net revenue was up 11% sequentially and 1% compared to the prior year period.
Pediatric Portfolio Sequential Revenue Growth
Pediatric portfolio saw its first sequential revenue growth in the last 5 quarters, with a 54% increase from the previous quarter.
Cost Reduction Initiatives
Organizational changes are expected to reduce operating expenses by at least $2 million annually.
Strong Balance Sheet
The company has $20.1 million in cash, slightly up from the previous quarter.
Resolution of Rebate Dispute
Resolved a multiyear rebate dispute increasing net revenue by $3.3 million.