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ADMA Biologics, Inc. (Nasdaq: ADMA) is an end-to-end commercial biopharmaceutical company dedicated to the development, manufacturing, and commercialization of specialty plasma-derived biologics. The company's core focus is on treating immunocompromised patients at risk of infection, particularly those with primary immune deficiency diseases (PIDD) and other infectious diseases. ADMA's mission is to deliver critical therapeutics to niche patient populations through its robust product portfolio.
The company's lead product, RI-002, has successfully completed a Phase III clinical trial for treating PIDD, meeting its primary endpoint. The Biologics License Application (BLA) for RI-002 was accepted by the U.S. Food and Drug Administration (FDA) on September 18, 2015, marking a significant milestone for ADMA. Additionally, the company has received numerous U.S. patents, including U.S. Patent 9,107,906, further solidifying its innovative approach to plasma-derived therapies.
ADMA's commercial product lineup includes three FDA-approved plasma-derived biologics:
- BIVIGAM® – Immune globulin intravenous for the treatment of primary humoral immunodeficiency (PI).
- ASCENIV™ – Immune globulin intravenous (human – slra 10% liquid), indicated for PI treatment.
- NABI-HB® – Hepatitis B immune globulin for enhanced immunity against the hepatitis B virus.
The company operates through two primary segments: ADMA BioManufacturing, which generates the majority of its revenue, and Plasma Collection Centers. ADMA BioCenters is responsible for collecting human plasma, a vital component for producing its therapeutic products. This network now includes multiple FDA-licensed collection centers across the United States.
ADMA has recently reported impressive financial milestones, including total revenues of $81.9 million for Q1 2024, a 44% year-over-year increase, and a Q1 2024 GAAP net income of $17.8 million, marking a significant turnaround. The company also reported first-time positive GAAP net income of $2.6 million in 3Q 2023, highlighting its profitable trajectory.
The company continues to innovate, leveraging technologies such as ADMAlytics™, an AI-driven platform aimed at optimizing production processes and improving operational efficiency. This platform is expected to provide substantial benefits across the company's supply chain and production operations.
ADMA's strategic growth initiatives include expanding its commercial product offerings, enhancing manufacturing yields, and advancing preclinical pipeline programs targeting S. pneumonia. The company has also secured a new $135 million credit facility to support its growth objectives further.
For more information about ADMA Biologics and its products, please visit the company's website at www.admabiologics.com.
ADMA Biologics announced a $30 million partial paydown of its senior secured term loan facility with Ares Capital, using cash on hand. This represents the second paydown in four months, reducing the company's total gross debt by 29% to $75 million. The remaining debt consists of a $42.5 million revolving credit facility and $32.5 million outstanding under the term loan facility.
The company attributes this debt reduction to organically generated cash flow, and management expects the lowered interest expense to enhance earnings growth potential in upcoming periods. ADMA plans to continue optimizing its cost of both debt and equity capital moving forward.
ADMA Biologics reported outstanding third quarter 2024 results with total revenue of $119.8 million, up 78% year-over-year. The company achieved GAAP Net Income of $35.9 million, a 1,300% increase, and Adjusted EBITDA of $45.4 million, up 256%. Gross profits reached $59.7 million with a 50% margin. ADMA increased its guidance for FY 2024, expecting revenue over $415 million and GAAP net income exceeding $120 million. The company's higher-margin product ASCENIV now accounts for over 50% of total revenue. ADMA also joined the S&P SmallCap 600 Index and appointed KPMG LLP as its new independent auditor.
ADMA Biologics (Nasdaq: ADMA) has announced it will report its third quarter 2024 financial results on November 7, 2024, after U.S. market close. The company will host a conference call and audio webcast at 4:30 p.m. ET on the same day. Participants can dial (888) 596-4144 with conference ID 2959956 to join the call. A webcast will be available for those not asking questions, and an archived replay will be accessible through the company's investor relations website.
ADMA Biologics (Nasdaq: ADMA), a biopharmaceutical company specializing in specialty biologics, has announced its inclusion in the S&P SmallCap 600 index, effective September 23, 2024. This milestone is expected to increase ADMA's visibility among investors and enhance share liquidity. The S&P SmallCap 600 index, designed to measure the small-cap segment of the U.S. equity market, comprises 600 companies meeting specific criteria for liquidity and financial viability.
Adam Grossman, ADMA's President and CEO, emphasized the significance of this inclusion as the company continues to execute its growth strategy. The move reflects ADMA's progress and potential in the biopharmaceutical sector, particularly in manufacturing, marketing, and developing specialty biologics.
ADMA Biologics, Inc. (Nasdaq: ADMA), a commercial biopharmaceutical company focused on specialty biologics, has announced its participation in the 2024 Cantor Global Healthcare Conference. The event will take place in New York, NY on September 17, 2024.
Key details:
- Adam Grossman, President and CEO, will participate in a fireside chat
- The presentation is scheduled for 3:05 p.m. ET
- A live audio webcast will be available on the company's investor relations website
- An archived version of the webcast will be accessible approximately two hours after the event
This conference provides ADMA Biologics with an opportunity to showcase its progress and strategy to investors and industry professionals in the healthcare sector.
ADMA Biologics has announced a partial paydown of its revolving credit facility, utilizing $30 million of cash on hand to repay Ares Capital. This move reduces ADMA's total debt to $105 million, a 22% reduction from its previous level. The company's debt now consists of a $62.5 million term loan and $42.5 million outstanding under the revolving credit facility. ADMA's President and CEO, Adam Grossman, stated that this decision reflects the company's confidence in sustained earnings growth and anticipated ongoing cash generation. The reduced interest expense is expected to enhance earnings growth potential in the near future. ADMA plans to further optimize its cost of both debt and equity capital moving forward.
ADMA Biologics reported a strong second quarter for 2024, showcasing a 78% increase in revenue year-over-year, reaching $107.2 million. The company achieved a GAAP net income of $32.1 million, signaling a $38.4 million improvement from the prior year. The Adjusted EBITDA grew nearly 600% to $44.5 million. ADMA's innovative biologics manufacturing process has the potential to boost yield by approximately 20%.
For FY 2024 and 2025, ADMA raised its revenue guidance to over $400 million and $445 million, respectively. Net income guidance for FY 2024 and 2025 was also increased to more than $105 million and $155 million, respectively. The company expects Adjusted EBITDA to exceed $150 million in 2024 and $200 million in 2025.
ADMA's higher margin product portfolio now accounts for over 50% of total revenue. The second quarter also saw improvements in ADMA's balance sheet and expansion of their ADMAlytics™ program.
ADMA Biologics (Nasdaq: ADMA) has announced it will report its second quarter 2024 financial results on August 8, 2024, after the U.S. financial markets close. The company's management team will host a live conference call and audio webcast at 4:30 p.m. ET on the same day to discuss the financial results and provide company updates.
Participants can register for the call to receive dial-in numbers and a unique PIN. It's recommended to join about 10 minutes before the event starts. Those not asking questions are encouraged to listen to the live webcast. An archived replay will be available in the investor section of ADMA's website.
ADMA Biologics reported impressive first quarter 2024 financial results, with a total revenue of $81.9 million, a 44% increase year-over-year. The GAAP net income was $17.8 million, a $24.6 million increase year-over-year. Adjusted EBITDA for Q1 2024 was $26.4 million, a 970% increase year-over-year. The company raised its total revenue guidance for FY 2024 to more than $355 million and for FY 2025 to more than $410 million. Net income guidance was also increased for both years, as well as Adjusted EBITDA guidance. ADMA highlighted the success of its ASCENIV™ and BIVIGAM® products in driving commercial growth and reaffirmed its commitment to immune deficient patients. The company is focused on advancing growth initiatives, including biologics production processes and preclinical pipeline programs, to exceed expectations and deliver value to stakeholders.
ADMA Biologics, Inc. (Nasdaq: ADMA) will report its first quarter 2024 financial results on May 9, 2024. The live conference call and audio webcast will be hosted by the management team at 4:30 p.m. ET on the same day to discuss the financial results and Company updates. Participants can register for the call to receive the dial-in numbers and unique PIN. An archived replay will be available on the Company's investor website.
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