10.31.06
Akorn Inc. Third Quarter Report
3Q Revenues: $14.5 million (+32%)
3Q Loss: $1.2 million (loss of $3.6 million in 3Q2005)
YTD Revenues: $56.7 million (+68%)
Comments: Two new contract manufacturing supply agreements were signed, one with GeneraMedix and one with Advanced Vision Research.The two agreements are projected to increase Contract Manufacturing sales by approximately 50% on an annualized basis, beginning in 2007. They are expected to contribute revenue in the fourth quarter of 2006.
3Q Revenues: $14.5 million (+32%)
3Q Loss: $1.2 million (loss of $3.6 million in 3Q2005)
YTD Revenues: $56.7 million (+68%)
YTD Loss: $0.6 million (loss of $8.0 million in YTD2005)
Comments: Two new contract manufacturing supply agreements were signed, one with GeneraMedix and one with Advanced Vision Research.The two agreements are projected to increase Contract Manufacturing sales by approximately 50% on an annualized basis, beginning in 2007. They are expected to contribute revenue in the fourth quarter of 2006.
