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Earnings Call Summary | MAYNE PHARMA GROUP LIMITED(MAYNF.US) Q2 2024 Earnings Conference

moomoo AI ·  Feb 26 11:16  · Conference Call

The following is a summary of the Mayne Pharma Group Limited (MAYNF) Q2 2024 Earnings Call Transcript:

Financial Performance:

  • Mayne Pharma reported a gross profit of $105.8 million, reflecting a margin increase from 52% to 56%. Direct expenses were only up by 1% despite costs for growth and new products.

  • An underlying EBITDA of $8 million was reported, showing a significant improvement from the same period in the previous year.

  • Cash balance stands at $146.8 million, down from $220.1 million as of June.

  • The company achieved four out of five financial goals it set for itself for fiscal year 2024.

Business Progress:

  • Women's Health saw a 45% increase in revenue, with a 96% increase in NEXTSTELLIS revenue specifically.

  • The company showed discipline in relation to channel liabilities, and new product launches have been significant.

  • Mayne Pharma remains focused on eliminating non-value adding costs and growing through differentiated products.

  • Positive trends in Dermatology and Women's Health business units greatly contributed to the overall growth.

  • The acquisition of RHOFADE for $8 million led to $8 million in revenue and $7.3 million margins in the first three months of ownership.

More details: MAYNE PHARMA GROUP LIMITED IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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