Financials
Company Reports Profitable Quarter Driven by 51% Increase in Revenues Compared to Third Quarter Fiscal 2006
Published in Drug Week, March 9th, 2007
- Second consecutive profitable quarter on a GAAP basis, with net income of $2.9 million.
- Record revenues of $62.4 million. Sales of RISPERDAL(R) CONSTA(R) by Janssen-Cilag were $226 million.
- Strong balance sheet, with cash and total investments of $356.2 million.
- Improved financial expectations, with fiscal year 2007 non-GAAP net income expected to range from $30 to $35 million.
Key operating results for the third quarter of...
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Source: Drug Week (2007-03-09)
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