Lantheus Reports Preliminary FY23 Revenue Of $1.295B–$1.297B Versus Consensus Of $1.27B, Up 38%-39% Y/Y, Including A $15M Relistor Milestone Achievement
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Lantheus Holdings, Inc. reported preliminary full year 2023 revenue of $1.295B to $1.297B, surpassing the consensus estimate of $1.27B and marking a 38%-39% increase year-over-year. This includes a $15M milestone achievement for Relistor. PYLARIFY revenue is expected to be between $851M and $853M, a 61%-62% increase from the previous year, while DEFINITY revenue is anticipated to be around $279M, up 14% from the prior year.
January 09, 2024 | 1:02 pm
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Lantheus Holdings reported higher-than-expected preliminary FY23 revenue, with significant growth in key products PYLARIFY and DEFINITY, and a notable milestone for Relistor.
The positive preliminary revenue report from Lantheus Holdings, which exceeds consensus estimates, is likely to instill investor confidence and could lead to a short-term increase in the stock price. The significant year-over-year growth in revenue, particularly from key products like PYLARIFY and DEFINITY, indicates strong business performance and market demand. The achievement of a $15M milestone for Relistor further underscores the company's successful execution of its strategic initiatives.
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