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Stock impact report

Akorn Provides Fourth Quarter and Full Year 2018 Results

AKORN (AKRX) 
Last akorn earnings: 10/31 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.akorn.com
Company Research Source: GlobeNewswire
LAKE FOREST, Ill., Feb. 28, 2019 (GLOBE NEWSWIRE) -- Akorn, Inc. (Nasdaq: AKRX), a leading specialty generic pharmaceutical company, today announced its financial results for the year ended 2018. Fourth Quarter 2018 and Recent Business Highlights Net revenue was $153 million, a decline of $33 million, or 17.6%, compared to the fourth quarter of 2017, predominantly due to the effect of competition on key products and shortfalls in supplyNet loss was $215 million compared to a net loss of $65 million in the fourth quarter of 2017.  Adjusted EBITDA was $(20) million compared to $28 million in the fourth quarter of 2017Continued progress on completion of FDA action items related to the inspections of our facilities in Decatur and SomersetAppointed Douglas Boothe as President and Chief Executive Officer, bringing significant generic and specialty pharmaceutical leadership experienceAnnounced new additions to Board of Directors and Executive Management team adding significant expertise Show less Read more
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