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financial results improved compared with the preceding quarter and were better than expected, with higher product sales across the portfolio and adjusted gross margin exceeding our estimates," said Tim Crew, chief executive officer of Lannett.

LANNETT REPORTS BETTER THAN EXPECTED FINANCIAL RESULTS FOR FISCAL 2023 FIRST-QUARTER; REITERATES FULL-YEAR GUIDANCE

Lannett Company, Inc. (NYSE: LCI) today reported financial results for its fiscal 2023 first quarter ended September 30, 2022

By AP News
Published - Nov 02, 2022, 06:42 PM ET
Last Updated - Mar 18, 2024, 10:47 AM EDT

Q1 Business and Financial Highlights:

  • Net Sales were $75.1 Million
  • Gross Margin 17%, Adjusted Gross Margin 18%
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