NASDAQ$AYTU

Aytu BioScience Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Aytu BioPharma reported record revenues, prescriptions, and adjusted EBITDA for Q4 2023.

Aytu BioPharma reported a strong Q4 2023 with record revenues of $30.7 million, a 12% increase year-over-year, and a positive Adjusted EBITDA of $7.7 million. The company's Rx segment drove growth with record prescriptions and revenues, while the Consumer Health segment is being de-emphasized to improve profitability. Aytu is focusing on its core Rx segment and expects to achieve net income going forward.

  • Total net revenue reached $30.7 million, a 12% increase year-over-year.
  • Rx segment net revenue was $23.3 million, a 24% increase year-over-year.
  • Total quarterly promoted Rx product prescriptions increased 32% year-over-year to 155,562.
  • Adjusted EBITDA was a positive $7.7 million, compared to a negative $3.9 million in the year-ago quarter.

Headline financials

Total Revenue

$30.7M

Previous: $27.4M+12.0%
EPS (adj)

-$0.59

Previous: -$9.80+94.0%
Net Income

-$2.46M

Previous: -$17.7M+86.1%
Operating Income

$169K

Previous: $2.71M-93.8%
Gross Profit

$18.6M

Previous: $14.8M+25.1%
Cash & Equivalents

$23M

Previous: $19.4M+18.7%
Total Assets

$136M

Previous: $138M-0.8%
Stock-Based Comp

$900K

Previous: $1.23M-26.8%

Revenue & EPS history

Aytu BioScience · Revenue · Quarterly

$30.7M

Q4 2023+12%vs Q4 2022
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 expects continued growth of the Rx Segment in fiscal 2024 and believes it is well-positioned to cover operational expenses and drive shareholder value.

Tailwinds

  • Continued growth of the Rx Segment in fiscal 2024
  • Well-positioned to cover operational expenses
  • Drive shareholder value
  • Manufacturing transfer of Adzenys XR-ODT and Cotempla XR-ODT can materially add to ADHD gross profit margins.
  • Company expects a six-month review of the PAS submission, which would enable FDA approval by late calendar 2023 or early calendar 2024

Headwinds

  • Winding down the Consumer Health segment
  • Suspension of all pipeline development programs
  • Dependence on Rx Segment growth
  • Reliance on third-party manufacturers
  • Potential risks associated with gaining market acceptance of products

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 Q4 2023

Historical avgQ4 2023

-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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