NASDAQ$AYTU

Aytu BioScience Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Aytu BioPharma reported results for the first quarter of fiscal 2024, featuring a net revenue of $22.1 million and adjusted EBITDA of $2.2 million.

Aytu BioPharma reported a decrease in total net revenue to $22.1 million compared to $27.7 million in the previous year, primarily due to the wind down of the Consumer Health segment. The Rx segment's net revenue was $17.8 million, with ADHD product revenue increasing by 31%. The company reported a net loss of $8.1 million, impacted by a $5.9 million loss on derivative warrant liabilities.

  • Total net revenue was $22.1 million, a decrease from $27.7 million year-over-year, mainly due to the planned wind down of the Consumer Health segment.
  • ADHD product net revenue increased by 31% to $15.1 million compared to $11.6 million in the prior year.
  • The Company’s Rx segment net revenue was $17.8 million compared to $18.7 million in the year-ago quarter.
  • Cash and cash equivalents totaled $20.0 million as of September 30, 2023.

Headline financials

Total Revenue

$22.1M

Previous: $27.6M-19.8%
EPS (adj)

-$1.48

Previous: -$1.20-23.3%
Adjusted EBITDA

$2.2M

Previous: $1.4M+57.1%
Capital Expenditures

$0.00

No prior period
Free Cash Flow

-$8.12M

Previous: -$2.88M-181.8%
Net Income

-$8.12M

Previous: -$2.88M-181.8%
Operating Income

-$1.5M

Previous: -$1.65M+9.0%
Gross Profit

$14.8M

Previous: $18M-18.0%
Cash & Equivalents

$20M

Previous: $23.8M-16.2%
Total Assets

$133M

Previous: $150M-11.4%
R&D Expense

$604K

No prior period
Stock-Based Comp

$725K

Previous: $1.18M-38.4%

Revenue & EPS history

Aytu BioScience · Revenue · Quarterly

$22.1M

Q1 2024-19.8%vs Q1 2023
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Aytu BioScience · $210K total across 1 segment · Q4 2023

  • Other
    $210K-42.6%

Forward guidance

Aytu BioPharma is focusing on its Rx segment and winding down its Consumer Health segment to drive long-term shareholder value. The company expects to sell through the remaining Consumer Health inventory, resulting in approximately neutral Adjusted EBITDA for the segment in fiscal 2024.

Tailwinds

  • Ramping up manufacturing at contract manufacturer.
  • Focusing on growth and profitability in Rx segment.
  • Expecting normalization of unit shipments in Pediatrics.
  • Implementing strategies to deepen Pediatrics prescriptions.
  • Exploring possible monetization opportunities for consumer health brands.

Headwinds

  • Winding down Consumer Health segment.
  • Impacted by payor changes in Pediatrics.
  • Impacted by timing of customer ordering in Pediatrics.
  • Suspension of pipeline clinical development programs.
  • Experiencing ADHD stimulant supply disruptions.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-1.0%

Avg return

Earnings day

-4.9%

Avg return

5 days after

-7.0%

Avg return

30 days after

19%

12 / 64 earnings

Positive

+91.7%

Q3 2025

Best reaction

-31.0%

Q2 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-0.4%-9.7%-4.9%
Q2 2026-3.3%-11.8%-4.4%
Q1 2026-13.1%-2.9%+11.7%
Q4 2025-20.1%-31.9%-9.6%
Q3 2025+91.7%+50.4%+44.4%
Q2 2025-0.7%+0.7%-13.7%
Q1 2025-10.9%-8.0%-17.2%
Q4 2024-2.9%-3.3%-11.1%
Q3 2024-10.8%-7.2%-14.2%
Q2 2024+4.3%+6.0%-4.0%
Q1 2024-14.2%-14.2%+6.7%
Q4 2023+61.8%+76.4%+60.6%
Q3 2023-12.8%-16.6%-24.2%
Q2 2023-5.1%-9.9%-29.8%
Q1 2023+5.3%+21.1%+10.5%
Q4 2022+0.0%+0.0%-10.5%
Q3 2022+5.8%+7.7%-5.8%
Q2 2022+5.6%+4.8%-13.5%
Q1 2022-10.5%-18.2%-36.0%
Q4 2021-3.7%-0.7%-19.9%
Q3 2021+0.7%+5.0%-5.9%
Q2 2021-5.3%-9.0%-5.1%
Q1 2021-4.9%-8.8%-38.4%
Q4 2020-14.1%-16.3%-23.0%
Q3 2020-7.7%-13.0%-13.0%
Q2 2020+2.6%+2.6%+49.4%
Q1 2020-21.7%-28.3%-14.2%
Q4 2019-10.9%-16.7%-18.8%
Q3 2019-6.7%-14.8%-21.1%
Q2 2019-22.0%-21.2%+6.8%
Q1 2019-22.0%-21.2%+6.8%
Q4 2018-2.8%-13.0%-10.2%
Q3 2018+24.2%+12.1%+21.2%
Q2 2018-31.0%-54.5%-86.6%
Q1 2018-14.8%-22.6%-29.0%
Q4 2017-3.0%+3.8%+7.8%
Q3 2017-4.0%-9.3%-6.7%
Q2 2017-4.9%-9.8%-16.7%
Q1 2017+11.6%+5.4%+16.1%
Q4 2016+5.3%+2.7%-13.1%
Q3 2016-3.1%
Q2 2016+7.7%
Q1 2016+0.0%
Q4 2015+0.0%
Q3 2015+0.0%
Q2 2015+0.0%
Q1 2015+0.0%
Q4 2014+0.0%
Q3 2014+0.0%
Q2 2014+0.0%
Q1 2014+0.0%
Q4 2013+0.0%
Q3 2013+0.0%
Q2 2013+0.0%
Q1 2013+0.0%
Q4 2012+0.0%
Q3 2012+0.0%
Q2 2012+0.0%
Q1 2012+0.0%
Q4 2011+0.0%
Q3 2010+0.0%
Q2 2010+0.0%
Q1 2010+0.0%
Q4 2010+0.0%

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