Company profile

Douglas S. Boothe
Incorporated in
Fiscal year end
IRS number

AKRX stock data



2 Aug 19
21 Oct 19
31 Dec 19


Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 178.06M 165.87M 153.39M 165.63M
Net income -111.6M -82.18M -215.04M -70.14M
Diluted EPS -0.89 -0.65 -1.71 -0.56
Net profit margin -62.68% -49.55% -140% -42.35%
Operating income -87.37M -65.48M -195.87M -75.98M
Net change in cash -5.83M -40.78M -50.48M -21.44M
Cash on hand 178.26M 184.09M 224.87M 275.35M
Cost of revenue 110.07M 112.36M 128.14M 108.36M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 694.02M 841.05M 1.12B 985.08M
Net income -401.91M -24.55M 184.24M 150.8M
Diluted EPS -3.21 -0.2 1.47 1.22
Net profit margin -57.91% -2.92% 16.50% 15.31%
Operating income -388.43M -22.88M 322.86M 294.61M
Net change in cash -143.25M 167.35M -145.49M 275.59M
Cash on hand 224.87M 368.12M 200.77M 346.27M
Cost of revenue 448M 408.84M 443.33M 389.06M

Financial data from Akorn earnings reports

Financial report summary

  • The Standstill Agreement with our lenders requires us to observe certain covenants, which creates material uncertainties and risks to our growth and business outlook, and any failure to comply with the Standstill Agreement could result in an event of default under the Term Loan Agreements and render us insolvent.
  • Pursuant to the terms of the Standstill Agreement, the Company must enter into a comprehensive amendment of the Term Loan Agreements (a “Comprehensive Amendment”) that is satisfactory in form and substance to the lenders. If the Company does not enter into such a Comprehensive Amendment by December 13, 2019, an event of default will occur under the Term Loan Agreements which, if not waived, could materially affect the Company’s business, financial position and results of operations, and could render us insolvent.
  • The Standstill Agreement requires the Company to pay certain fees and expenses and provides for an increased interest margin, which may negatively impact the Company’s financial condition.
  • As a result of a jury verdict finding John N. Kapoor, Ph.D., guilty in a federal criminal case, OIG-HHS’s permissive exclusion rules could lead to the Company’s exclusion from participating in U.S. government healthcare programs, which could have a material adverse effect on our business, financial condition and results of operations.
  • John N. Kapoor’s, Ph.D., involvement with the Company through his stock ownership and his right to nominate up to three directors could have an adverse effect on the price of our common stock and have substantial influence over our business strategies and policies.
  • Our regulatory environment is changing and failure to meet the changes could result in penalties, reputational damage and negative impacts on our operations and financial results.
  • Our inability to timely and adequately address FDA warning letters and OAI facility status may adversely affect our business.
Content analysis ?
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