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Financial Report: Akorn

Achieves record 4Q and FY revenue

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By: Tim Wright

Editor-in-Chief, Contract Pharma

Akorn

4Q Revenues: $71.5 million (+68%)

4Q Earnings: $8.8 million  (+54%)

FY Revenues: $256.2 million (+87%)

FY Earnings: $35.4 million (-18%)

Comments: Growth in the quarter and FY was driven by the Lundbeck and Kilitch acquisitions, the sale of newly approved and re-launched products, and growth of established products, offset by decreases in the U.S. contract services business.

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