Assertio Holdings Inc. announced its financial results for the first quarter of 2025, reporting total net product sales of $26.0 million, aligning with the company's 2025 outlook. This represents a decrease from the $31.9 million recorded in the same quarter of the previous year. The company reported a net loss of $13.5 million, compared to a net loss of $4.5 million in the prior year quarter. Adjusted EBITDA was significantly lower at $0.2 million, down from $7.4 million in the first quarter of the previous year. This decrease was primarily attributed to lower net product sales and increased cost of sales due to higher Rolvedon volumes. Rolvedon net product sales were $13.1 million, a decline from $14.5 million in the previous year, driven by lower pricing despite higher volume. As part of its long-term business strategy, Assertio aims to create sustainable near-term growth and increased long-term value, focusing on its commercial assets.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.