The chart below shows how ADMA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ADMA sees a +3.73% change in stock price 10 days leading up to the earnings, and a +23.82% change 10 days following the report. On the earnings day itself, the stock moves by +0.38%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Increase of 78%: Total revenues reached $119.8 million reflecting an increase of 78% year-over-year.
EBITDA and Net Income Surge: Adjusted EBITDA rose to $45.4 million, representing a growth rate of 256% from the previous year, while net income increased by 1,300% year-over-year to $35.9 million.
Gross Margin Improvement: The company achieved a corporate gross margin of 50% in the third quarter of 2024 compared to 37% in the third quarter of 2023.
Revenue and EBITDA Projections: We expect total revenues to exceed $415 million in 2024 and $465 million in 2025 with adjusted EBITDA projected to surpass $160 million and $215 million respectively in 2024 and 2025.
Pilot-Scale Production Success: We successfully completed product production of a pilot-scale batch of SG-001, further solidifying our position in the market.
Negative
Quarterly Revenue Increase: Total revenues reached $119.8 million for the quarter ended September 30, 2024, compared to $67.3 million for the quarter ended September 30, 2023, an increase of $52.6 million, or approximately 78%.
Gross Profit Increase: Gross profits were $59.7 million for the quarter ended September 30, 2024 as compared to $24.7 million for the quarter ended September 30, 2023, an increase of $35 million.
Gross Margin Improvement: A DMA achieved a corporate gross margin of 50% in the third quarter of 2024 as compared to 37% in the third quarter of 2023.
Gross Margin Impact: Third quarter 2024 corporate gross margins were adversely impacted due to an outsized spot sale of low margin normal source plasma.
EBITDA Surge Quarter Comparison: During the third quarter, adjusted EBITDA was $45.4 million as compared to adjusted EBITDA of $12.7 million for the quarter ended September 30, 2023, an increase of $32.6 million or approximately 256%.
ADMA Biologics, Inc. (ADMA) Q3 2024 Earnings Call Transcript
ADMA.O
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