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Stock impact report

Amarin Corp PLC (AMRN) Faces Revenue Decline Amidst Generic Competition [Yahoo! Finance]

Amarin Corporation plc - American Depositary Shares, each representing one Ordinary Share (AMRN) 
Last amarin corporation plc - american depositary shares, each representing one ordinary share earnings: 4/30 05:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.amarincorp.com/investors
Company Research Source: Yahoo! Finance
Operating Expenses : Q4 operating expenses were reduced to $50 million from $73.2 million year-over-year. Gross Margin : Gross margin declined to 58% in Q4 from 70% in the prior year's quarter. Cash Position : Year-end cash and investments stood at $321 million with a positive cash flow of $10 million for the full year. Share Repurchase Program : Initiated a process for shareholder approval to execute a share repurchase program of up to $50 million. Warning! GuruFocus has detected 4 Warning Signs with AMRN. Amarin Corp PLC ( NASDAQ:AMRN ) released its 8-K filing on February 29, 2024, disclosing its fourth quarter and full-year financial results for 2023. The biopharmaceutical company, known for its cardiovascular health product Vascepa, faced a challenging year with a significant decrease in revenue and a shift from net income to net loss in the fourth quarter. Despite these challenges, the company has reaffirmed its strong cash position and has initiated a share repurchase Show less Read more
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