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Assertio (ASRT) investor relations material
Assertio Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 net product sales were $28.8M, down from $30.7M year-over-year, with strong demand for Rolvedon and Sympazan, and Indocin performing as expected amid generic competition.
Net loss for Q2 2025 was $16.4M, driven by lower sales, legal expenses, and one-time charges from divestitures and portfolio changes.
Transformation strategy advanced through legal settlements, corporate simplification, and divestment of Assertio Therapeutics, eliminating opioid litigation exposure.
Ceased commercialization of Otrexup, incurring $3.8M in related expenses and narrowing revenue outlook.
Cash and investments rose to $98.2M at quarter-end, supporting future strategic moves.
Financial highlights
Q2 2025 net product sales: $28.8M (down from $30.7M Q2 2024); six months: $54.8M (down from $62.6M 2024).
Rolvedon sales: $16.1M (up from $15.1M), Sympazan: $3.2M (up from $2.7M), Indocin: $3.0M (down from $6.9M).
Q2 2025 net loss: $(16.4)M (vs. $(3.7)M Q2 2024); six months: $(29.9)M (vs. $(8.2)M 2024).
Adjusted EBITDA for Q2 2025: $5.6M (up from $3.1M Q2 2024); six months: $5.9M (down from $10.4M 2024).
SG&A expenses decreased to $17.0M, aided by a $2.4M employee retention tax credit.
Outlook and guidance
Full-year 2025 net product sales guidance narrowed to $108M–$118M.
Adjusted EBITDA guidance raised to $11M–$19M, reflecting cost savings and operational efficiencies.
Guidance reflects first-half performance, Otrexup discontinuation, and improved cost structure.
Expectation to further narrow guidance after Q3.
Management believes existing liquidity is sufficient for at least the next 12 months, barring significant unforeseen events.
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