Concordia International (CXRX) Reports Q1 Loss of $1.09, Beats on Revenues

Concordia International (NASDAQ: CXRX) reported Q1 EPS of ($1.09), versus $0.06 reported last year. Revenue for the quarter came in at $152 million versus the consensus estimate of $143.8 million.

• First quarter 2018 revenue of $152 million
• First quarter 2018 GAAP net loss of $56 million
• First quarter 2018 adjusted EBITDA1 of $72 million
• Generated cash flow from operations of $51 million in the first quarter of 2018 and concluded the quarter with a cash balance of $344 million
• On May 2, 2018, announced the execution of a support agreement with debtholders holding in aggregate more than 72 per cent of its affected secured debt and more than 64 per cent of its affected unsecured debt in connection with a proposed recapitalization transaction that would raise $586.5 million, and reduce the Company's outstanding debt by approximately $2.4 billion and reduce its annual interest costs by approximately $172 million

For earnings history and earnings-related data on Concordia International (CXRX) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Edible Garden AG (EDBL) Reports Q2 Loss of $18.79
• Silexion Therapeutics (SLXN) Tops Q2 EPS by 793c