Indivior Expects 2024 Net Revenue Of $1.15B-$1.215B Vs. Consensus Of $1.215B; Adjusted Gross Margin Of Low Mid 80% Range; Adjusted Operating Income Of $285M-$320M
Portfolio Pulse from Benzinga Newsdesk
Indivior has updated its financial guidance for FY 2024, expecting net revenue between $1.15B and $1.215B, which is slightly below the consensus of $1.215B. The company anticipates an adjusted gross margin in the low to mid-80% range and adjusted operating income between $285M and $320M. The guidance reflects adverse market dynamics impacting SUBLOCADE NR growth, initial commercial adoption of OPVEE, and cessation of PERSERIS sales and marketing.
July 25, 2024 | 6:17 am
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Indivior's updated FY 2024 guidance indicates net revenue slightly below consensus, reflecting adverse market dynamics and changes in product sales. Adjusted operating income is expected to grow by 12% at the midpoint.
The guidance update shows net revenue slightly below consensus, which may cause some concern among investors. However, the expected growth in adjusted operating income and margin expansion could offset some of the negative sentiment.
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