Exhibit 99.1

 

 

 

 

Alkermes Contacts:

 

 

For Investors:

Sandy Coombs     +1 781 609 6377

 

 

Eva Stroynowski  +1 781 609 6823

 

For Media:  

Sherry Feldberg    +1 781 609 6276

 

Alkermes Plc Reports Third Quarter 2018 Financial Results

— Third Quarter Revenues Increased to $248.7 Million, Driven by 24% Year-Over-Year Growth of Proprietary Product Net Sales —

—  Company Reports GAAP Net Loss per Share of $0.22 and Diluted Non-GAAP
Earnings per Share of $0.07 —

—  Company Increases Financial Expectations for 2018 —

 

DUBLIN, Ireland, Oct. 23, 2018 Alkermes plc (Nasdaq: ALKS) today reported financial results for the third quarter of 2018.

 

“Our solid results in the quarter were in-line with expectations, driven by the growth of our proprietary commercial products, the continued strength of our royalty and manufacturing business, and the important investments we are making in our late-stage pipeline and commercial organization,” commented James Frates, Chief Financial Officer of Alkermes. “Our diverse business is financially strong and we are well positioned to execute on our strategy to drive value and long-term growth. Based on our outlook for the remainder of the year, today we are raising our financial expectations for 2018, primarily driven by upside from AMPYRA® revenues.”

 

Quarter Ended Sept. 30, 2018 Financial Highlights

•     Total revenues for the quarter were $248.7 million. This compared to $217.4 million for the same period in the prior year, representing an increase of 14%. Proprietary product net sales for VIVITROL® and ARISTADA® were $116.0 million for the quarter, reflecting a 24% increase compared to the same period in the prior year.

•     Net loss according to generally accepted accounting principles in the U.S. (GAAP) was $34.4 million for the quarter, or a basic and diluted GAAP net loss per share of $0.22. This compared to GAAP net loss of $36.3 million, or a basic and diluted GAAP net loss per share of $0.24, for the same period in the prior year

•     Non-GAAP net income was $11.6 million for the quarter, or a non-GAAP basic and diluted earnings per share of $0.07. This compared to non-GAAP net income of $4.2 million, or a non-GAAP basic and diluted earnings per share of $0.03, for the same period in the prior year.

“The third quarter was highlighted by the launch of ARISTADA INITIO®1, the newest addition to the ARISTADA product family. This new offering is resonating with healthcare providers and the early trends are encouraging. ARISTADA INITIO further differentiates ARISTADA in the market and provides an opportunity to address unmet patient need,” stated Jim Robinson, President and Chief Operating Officer of Alkermes. “We are also making important strides with VIVITROL as the product continues to grow and as policymakers continue to activate in their response to the opioid crisis. We look forward to providing updates on our progress.

 

Quarter Ended Sept. 30, 2018 Financial Results

Revenues

•     Net sales of VIVITROL were $79.9 million, compared to $69.2 million for the same period in the prior year, representing an increase of approximately 15%.

•     Net sales of ARISTADA were $36.1 million, compared to $24.5 million for the same period in the prior year, representing an increase of approximately 48%.  


     Manufacturing and royalty revenues from RISPERDAL CONSTA®, INVEGA SUSTENNA®/XEPLION® and INVEGA TRINZA®/TREVICTA® were $77.2 million, compared to $79.4 million for the same period in the prior year, reflecting the timing of RISPERDAL CONSTA manufacturing shipments.

•     Manufacturing and royalty revenues from AMPYRA/FAMPYRA®2 were $20.3 million, compared to $24.5 million for the same period in the prior year.

•     Research and development revenues were $16.3 million, of which $15.7 million related to the collaboration with Biogen for BIIB098, or diroximel fumarate.

Costs and Expenses

•     Operating expenses were $285.9 million, compared to $255.7 million for the same period in the prior year, primarily reflecting increased investment in the commercialization of VIVITROL and ARISTADA.

 

“Against the backdrop of the highly-anticipated upcoming regulatory interactions for ALKS 5461 for the adjunctive treatment of major depressive disorder and the ALKS 3831 ENLIGHTEN-2 pivotal study data in schizophrenia, we continue to make important progress across our other pipeline assets. BIIB098 for multiple sclerosis is on track for NDA submission by year-end and ALKS 4230, our immuno-oncology program, is gaining momentum, highlighted by the recent initiation of combination therapy evaluation,” said Richard Pops, Chief Executive Officer of Alkermes. “Our results this quarter demonstrate the strong and resilient company we have carefully built over the years, with important medicines driving an expected topline in excess of $1 billion and a diverse development portfolio of late-stage product candidates, each with the potential to impact the practice of medicine and change the growth trajectory of the company. As we head into the fourth quarter, the business is well positioned for growth and the opportunities ahead.”

 

Recent Events:

•     ARISTADA

o     Completed enrollment of six-month phase 3b study evaluating ARISTADA INITIO plus the ARISTADA two-month dose and INVEGA SUSTENNA in patients experiencing an acute exacerbation of schizophrenia

•     ALKS 4230

o     Initiated clinical evaluation of ALKS 4230 in combination with PD-1 inhibitor pembrolizumab

o     Submitted new clinical protocol for subcutaneous dosing phase 1 study to the ALKS 4230 Investigational New Drug (IND) application

 

Upcoming Milestones:

The following outlines the company’s expected upcoming milestones.

•     ALKS 5461

o     Joint meeting of the Psychopharmacologic Drugs Advisory Committee and the Drug Safety and Risk Management Advisory Committee to review the ALKS 5461 New Drug Application (NDA) on Nov. 1, 2018

o     Prescription Drug User Fee Act (PDUFA) target action date on Jan. 31, 2019

2

 


     ALKS 3831

o     Topline results for ENLIGHTEN-2, a six-month weight study of ALKS 3831 compared to olanzapine in patients with stable schizophrenia in Q4 2018

•     BIIB098 (diroximel fumarate)

o     Planned submission of the NDA for diroximel fumarate for the treatment of multiple sclerosis in Q4 2018

•     ALKS 4230

o     Presentation of initial clinical data from ongoing dose-escalation stage of the phase 1 study at the 2018 Society for Immunotherapy of Cancer (SITC) Annual Meeting in November 2018

o     Initiation of subcutaneous dosing phase 1 study in early 2019

 

Financial Expectations for 2018

Alkermes is updating its financial expectations for 2018 to reflect greater than expected revenues from AMPYRA. The following outlines Alkermes’ updated financial expectations for 2018.

•     Revenues: The company now expects total revenues to range from $1.015 billion to $1.045 billion, increased from its previous expectation of $975 million to $1.025 billion.  This increase was driven by upside from AMPYRA following delayed generic competition in 2018. Included in this total revenue expectation, Alkermes continues to expect VIVITROL net sales to range from $300 million to $330 million, although closer to the lower end of this range, and ARISTADA net sales to range from $140 million to $160 million.

•     Cost of Goods Manufactured and Sold: The company continues to expect cost of goods manufactured and sold to range from $180 million to $190 million.

•     Research and Development (R&D) Expenses: The company continues to expect R&D expenses to range from $415 million to $445 million.

•     Selling, General and Administrative (SG&A) Expenses: The company continues to expect SG&A expenses to range from $515 million to $545 million.

•     Amortization of Intangible Assets: The company continues to expect amortization of intangibles to be approximately $65 million.

•     Net Interest Expense: The company continues to expect net interest expense to be approximately $10 million.

•     Income Tax Expense: The company continues to expect income tax expense of up to $10 million.

•     GAAP Net Loss: The company now expects GAAP net loss to range from $180 million to $210 million, or a basic and diluted loss per share of $1.16 to $1.35, based on a weighted average basic and diluted share count of approximately 155 million shares outstanding. This compares to previous expectations of GAAP net loss in the range of $210 million to $240 million, or a basic and diluted loss per share of $1.35 to $1.55, based on a weighted average basic and diluted share count of approximately 155 million shares outstanding.

•     Non-GAAP Net Income: The company now expects non-GAAP results to range from non-GAAP net income of $20 million to $50 million, or a non-GAAP basic earnings per share of $0.13 to $0.32 and a non-GAAP diluted earnings per share of $0.12 to $0.31, based on a weighted average basic share count of approximately 155 million shares outstanding and a weighted average diluted share count of approximately 161 million shares outstanding. This compares to previous expectations of non-GAAP net results in the range of non-GAAP net loss of $10 million to non-GAAP net income of $20 million, or a basic and diluted non-

3

 


GAAP net loss per share of $0.06 to a non-GAAP basic earnings per share of $0.13 and a non-GAAP diluted earnings per share of $0.12, based on a weighted average basic share count of approximately 155 million shares outstanding and a weighted average diluted share count of approximately 161 million shares outstanding .

•     Share-Based Compensation: The company continues to expect share-based compensation of approximately $120 million.

•     Capital Expenditures: The company now expects capital expenditures to range from $65 million to $75 million, compared to a previous expectation in the range of $80 million to $90 million.

Conference Call

Alkermes will host a conference call and webcast presentation with accompanying slides at 8:30 a.m. ET (1:30 p.m. BST) on Tuesday, Oct. 23, 2018, to discuss these financial results and provide an update on the company. The webcast may be accessed on the Investors section of Alkermes’ website at www.alkermes.com. The conference call may be accessed by dialing +1 888 424 8151 for U.S. callers and +1 847 585 4422 for international callers. The conference call ID number is 6037988. In addition, a replay of the conference call will be available from 11:00 a.m. ET (4:00 p.m. BST) on Tuesday, Oct. 23, 2018, through 5:00 p.m. ET (9:00 p.m. GMT) on Tuesday, Oct. 30, 2018, and may be accessed by visiting Alkermes’ website or by dialing +1 888 843 7419 for U.S. callers and +1 630 652 3042 for international callers. The replay access code is 6037988.

 

About Alkermes plc

Alkermes plc is a fully integrated, global biopharmaceutical company developing innovative medicines for the treatment of central nervous system (CNS) diseases. The company has a diversified commercial product portfolio and a substantial clinical pipeline of product candidates for chronic diseases that include schizophrenia, depression, addiction and multiple sclerosis. Headquartered in Dublin, Ireland, Alkermes plc has an R&D center in Waltham, Massachusetts; a research and manufacturing facility in Athlone, Ireland; and a manufacturing facility in Wilmington, Ohio. For more information, please visit Alkermes’ website at www.alkermes.com.

 

Non-GAAP Financial Measures

This press release includes information about certain financial measures that are not prepared in accordance with generally accepted accounting principles in the U.S. (GAAP), including non-GAAP net income (loss) and non-GAAP basic and diluted earnings (loss) per share. These non-GAAP measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similar measures presented by other companies.

 

Non-GAAP net income (loss) adjusts for one-time and non-cash charges by excluding from GAAP results: share-based compensation expense; amortization; depreciation; non-cash net interest expense; certain other one-time or non-cash items; and the income tax effect of these reconciling items.

 

The company’s management and board of directors utilize these non-GAAP financial measures to evaluate the company’s performance. The company provides these non-GAAP measures of the company’s performance to investors because management believes that these non-GAAP financial measures, when viewed with the company’s results under GAAP and the accompanying reconciliations, are useful in identifying underlying trends in ongoing operations. However, non-GAAP net income (loss) and non-GAAP basic and diluted earnings (loss) per share are not measures of financial performance under GAAP and, accordingly, should not be considered as alternatives to GAAP measures as indicators of operating performance. Further, non-GAAP net income (loss) and non-GAAP basic and diluted earnings (loss) per share should not be considered measures of our liquidity.

 

4

 


A reconciliation of GAAP to non-GAAP financial measures has been provided in the tables included in this press release.

 

Note Regarding Forward-Looking Statements

Certain statements set forth in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, but not limited to, statements concerning: future financial and operating performance, business plans or prospects; the likelihood of continued revenue growth from the company’s commercial products, including the growth of VIVITROL and ARISTADA; the potential therapeutic and commercial value of the company’s marketed and development products, and patient access to, and policy related to, such products; expectations concerning the timing and results of clinical development and regulatory activities, including the timing of the phase 3 clinical trial (ENLIGHTEN-2) data readout for ALKS 3831, the timing of the submission of the NDA for BIIB098, the timing of presentation of initial data from the ALKS 4230 phase 1 study and initiation of a subcutaneous dosing phase 1 study for ALKS 4230, and the outcome and timing of the FDA’s review of the NDA for ALKS 5461. The company cautions that forward-looking statements are inherently uncertain. Although the company believes that such statements are based on reasonable assumptions within the bounds of its knowledge of its business and operations, the forward-looking statements are neither promises nor guarantees and they are necessarily subject to a high degree of uncertainty and risk. Actual performance and results may differ materially from those expressed or implied in the forward-looking statements due to various risks and uncertainties. These risks and uncertainties include, among others: the unfavorable outcome of litigation, including so-called “Paragraph IV” litigation and other patent litigation, related to any of our products or products using our proprietary technologies, which may lead to competition from generic drug manufacturers; data from clinical trials may be interpreted by the FDA in different ways than we interpret it; the FDA may not agree with our regulatory approval strategies or components of our filings for our products, including our clinical trial designs, conduct and methodologies and, for ALKS 5461, evidence of efficacy and adequacy of bridging to buprenorphine; clinical development activities may not be completed on time or at all; the results of our clinical development activities may not be positive, or predictive of real-world results or of results in subsequent clinical trials; regulatory submissions may not occur or be submitted in a timely manner; the company and its licensees may not be able to continue to successfully commercialize their products; there may be a reduction in payment rate or reimbursement for the company’s products or an increase in the company’s financial obligations to governmental payers; the FDA or regulatory authorities outside the U.S. may make adverse decisions regarding the company’s products; the company’s products may prove difficult to manufacture, be precluded from commercialization by the proprietary rights of third parties, or have unintended side effects, adverse reactions or incidents of misuse; and those risks and uncertainties described under the heading “Risk Factors” in the company’s most recent Annual Report on Form 10-K and in subsequent filings made by the company with the U.S. Securities and Exchange Commission (“SEC”), which are available on the SEC’s website at www.sec.gov. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, the company disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release.

 

VIVITROL® is a registered trademark of Alkermes, Inc.; ARISTADA® and ARISTADA INITIO® are registered trademarks of Alkermes Pharma Ireland Limited; RISPERDAL CONSTA®, INVEGA SUSTENNA®, XEPLION®, INVEGA TRINZA® and TREVICTA® are registered trademarks of Johnson & Johnson; AMPYRA® and FAMPYRA® are registered trademarks of Acorda Therapeutics, Inc.

1 ARISTADA INITIO was approved by the FDA for the initiation of ARISTADA, a long-acting injectable atypical antipsychotic for the treatment of schizophrenia in adults. The ARISTADA INITIO regimen consists of ARISTADA INITIO plus a single 30 mg dose of oral aripiprazole.

2 AMPYRA® (dalfampridine) Extended Release Tablets, 10 mg is developed and marketed in the U.S. by Acorda Therapeutics, Inc. and outside the U.S. by Biogen Idec, under a licensing agreement with Acorda Therapeutics, as FAMPYRA® (prolonged-release fampridine tablets).

(tables follow)

 

5

 


 

 

Alkermes plc and Subsidiaries

 

Selected Financial Information (Unaudited)

 

 

 

 

 

 

 

 

 

 

Condensed Consolidated Statements of Operations - GAAP

 

Three Months Ended

 

(In thousands, except per share data)

 

September 30, 2018

 

 

September 30, 2017

 

Revenues:

 

 

 

 

 

 

 

 

Manufacturing and royalty revenues

 

$

116,411

 

 

$

122,677

 

Product sales, net

 

 

116,035

 

 

 

93,681

 

Research and development revenue

 

 

16,274

 

 

 

1,027

 

Total Revenues

 

 

248,720

 

 

 

217,385

 

Expenses:

 

 

 

 

 

 

 

 

Cost of goods manufactured and sold

 

 

39,410

 

 

 

36,054

 

Research and development

 

 

101,265

 

 

 

104,411

 

Selling, general and administrative

 

 

128,777

 

 

 

99,633

 

Amortization of acquired intangible assets

 

 

16,426

 

 

 

15,643

 

Total Expenses

 

 

285,878

 

 

 

255,741

 

Operating Loss

 

 

(37,158

)

 

 

(38,356

)

Other Income, net:

 

 

 

 

 

 

 

 

Interest income

 

 

2,561

 

 

 

1,173

 

Interest expense

 

 

(3,346

)

 

 

(3,129

)

Change in the fair value of contingent consideration

 

 

4,200

 

 

 

13,600

 

Other expense, net

 

 

(90

)

 

 

(9,078

)

Total Other Income, net

 

 

3,325

 

 

 

2,566

 

Loss Before Income Taxes

 

 

(33,833

)

 

 

(35,790

)

Income Tax Provision

 

 

611

 

 

 

486

 

Net Loss — GAAP

 

$

(34,444

)

 

$

(36,276

)

 

 

 

 

 

 

 

 

 

Net (Loss) Earnings Per Share:

 

 

 

 

 

 

 

 

GAAP net loss per share — basic and diluted

 

$

(0.22

)

 

$

(0.24

)

Non-GAAP earnings per share — basic and diluted

 

$

0.07

 

 

$

0.03

 

 

 

 

 

 

 

 

 

 

Weighted Average Number of Ordinary Shares Outstanding:

 

 

 

 

 

 

 

 

Basic and diluted — GAAP

 

 

155,328

 

 

 

153,684

 

Basic — Non-GAAP

 

 

155,328

 

 

 

153,684

 

Diluted — Non-GAAP

 

 

159,763

 

 

 

159,989

 

 

 

 

 

 

 

 

 

 

An itemized reconciliation between net loss on a GAAP basis and non-GAAP net income is as follows:

 

 

 

 

 

 

 

 

Net Loss — GAAP

 

$

(34,444

)

 

$

(36,276

)

Adjustments:

 

 

 

 

 

 

 

 

Share-based compensation expense

 

 

25,068

 

 

 

19,487

 

Amortization expense

 

 

16,426

 

 

 

15,643

 

Depreciation expense

 

 

9,842

 

 

 

9,394

 

Non-cash net interest expense

 

 

170

 

 

 

192

 

Change in the fair value of warrants and equity method investments

 

 

(367

)

 

 

(303

)

Change in the fair value of contingent consideration

 

 

(4,200

)

 

 

(13,600

)

Income tax effect related to reconciling items

 

 

(869

)

 

 

(844

)

Other-than-temporary impairment of equity method investment

 

 

 

 

 

10,471

 

Non-GAAP Net Income

 

$

11,626

 

 

$

4,164

 

 

 


Alkermes plc and Subsidiaries

 

Selected Financial Information (Unaudited)

 

 

 

 

 

 

 

 

 

 

Condensed Consolidated Statements of Operations - GAAP

 

Nine Months Ended

 

(In thousands, except per share data)

 

September 30, 2018

 

 

September 30, 2017

 

Revenues:

 

 

 

 

 

 

 

 

Manufacturing and royalty revenues

 

$

359,253

 

 

$

366,608

 

Product sales, net

 

 

317,684

 

 

 

258,893

 

Research and development revenues

 

 

53,325

 

 

 

2,503

 

License revenues

 

 

48,250

 

 

 

 

Total Revenues

 

 

778,512

 

 

 

628,004

 

Expenses:

 

 

 

 

 

 

 

 

Cost of goods manufactured and sold

 

 

127,303

 

 

 

116,241

 

Research and development

 

 

316,434

 

 

 

308,399

 

Selling, general and administrative

 

 

385,181

 

 

 

310,682

 

Amortization of acquired intangible assets

 

 

48,742

 

 

 

46,417

 

Total Expenses

 

 

877,660

 

 

 

781,739

 

Operating Loss

 

 

(99,148

)

 

 

(153,735

)

Other Expense, net:

 

 

 

 

 

 

 

 

  Interest income

 

 

5,946

 

 

 

3,287

 

  Interest expense

 

 

(11,959

)

 

 

(8,816

)

  Change in the fair value of contingent consideration

 

 

(17,300

)

 

 

15,900

 

  Other expense, net

 

 

(2,815

)

 

 

(10,696

)

Total Other Expense, net

 

 

(26,128

)

 

 

(325

)

Loss Before Income Taxes

 

 

(125,276

)

 

 

(154,060

)

Income Tax Provision (Benefit)

 

 

4,322

 

 

 

(5,904

)

Net Loss — GAAP

 

$

(129,598

)

 

$

(148,156

)

 

 

 

 

 

 

 

 

 

Net (Loss) Earnings Per Share:

 

 

 

 

 

 

 

 

GAAP net loss per share — basic and diluted

 

$

(0.84

)

 

$

(0.97

)

Non-GAAP earnings (loss) per share — basic

 

$

0.28

 

 

$

(0.15

)

Non-GAAP earnings (loss) per share — diluted

 

$

0.27

 

 

$

(0.15

)

 

 

 

 

 

 

 

 

 

Weighted Average Number of Ordinary Shares Outstanding:

 

 

 

 

 

 

 

 

Basic and diluted — GAAP

 

 

154,979

 

 

 

153,263

 

Basic — Non-GAAP

 

 

154,979

 

 

 

153,263

 

Diluted — Non-GAAP

 

 

160,224

 

 

 

153,263

 

 

 

 

 

 

 

 

 

 

An itemized reconciliation between net loss on a GAAP basis and non-GAAP net income (loss) is as follows:

 

 

 

 

 

 

 

 

Net Loss — GAAP

 

$

(129,598

)

 

$

(148,156

)

Adjustments:

 

 

 

 

 

 

 

 

Share-based compensation expense

 

 

76,043

 

 

 

63,336

 

Amortization expense

 

 

48,742

 

 

 

46,417

 

Depreciation expense

 

 

29,016

 

 

 

26,889

 

Change in the fair value of warrants and equity method investments

 

 

600

 

 

 

2,760

 

Non-cash net interest expense

 

 

531

 

 

 

578

 

Change in the fair value of contingent consideration

 

 

17,300

 

 

 

(15,900

)

Income tax effect related to reconciling items

 

 

(5,535

)

 

 

(8,896

)

Other-than-temporary impairment of equity method investment

 

 

 

 

 

10,471

 

Restructuring expense

 

 

3,598

 

 

 

 

Debt refinancing charge

 

 

2,298

 

 

 

 

Non-GAAP Net Income (Loss)

 

$

42,995

 

 

$

(22,501

)

 

 

 


Alkermes plc and Subsidiaries

 

Selected Financial Information (Unaudited)

 

 

 

 

 

 

 

 

 

 

Condensed Consolidated Balance Sheets

 

September 30,

 

 

December 31,

 

(In thousands)

 

2018

 

 

2017

 

Cash, cash equivalents and total investments

 

$

578,543

 

 

$

590,716

 

Receivables

 

 

250,913

 

 

 

233,590

 

Contract assets

 

 

13,476

 

 

 

 

Inventory

 

 

88,018

 

 

 

93,275

 

Prepaid expenses and other current assets

 

 

50,265

 

 

 

48,475

 

Property, plant and equipment, net

 

 

303,087

 

 

 

284,736

 

Intangible assets, net and goodwill

 

 

300,299

 

 

 

349,041

 

Other assets

 

 

176,109

 

 

 

197,394

 

Total Assets

 

$

1,760,710

 

 

$

1,797,227

 

Long-term debt — current portion

 

$

2,843

 

 

$

3,000

 

Other current liabilities

 

 

301,945

 

 

 

288,122

 

Long-term debt

 

 

277,007

 

 

 

278,436

 

Contract liabilities — long-term

 

 

5,010

 

 

 

5,657

 

Other long-term liabilities

 

 

23,190

 

 

 

19,204

 

Total shareholders' equity

 

 

1,150,715

 

 

 

1,202,808

 

Total Liabilities and Shareholders' Equity

 

$

1,760,710

 

 

$

1,797,227

 

 

 

 

 

 

 

 

 

 

Ordinary shares outstanding (in thousands)

 

 

155,364

 

 

 

154,009

 

 

 

 

 

 

 

 

 

 

This selected financial information should be read in conjunction with the consolidated financial statements and notes thereto included in Alkermes plc's Quarterly Report on Form 10-Q for the three months ended September 30, 2018, which the company intends to file in October 2018.

 

 

 

 


Alkermes plc and Subsidiaries

 

2018 Guidance — GAAP to Non-GAAP Adjustments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

An itemized reconciliation between projected loss per share on a GAAP basis and projected earnings per share on a non-GAAP basis is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions, except per share data)

 

Amount

 

 

Shares

 

 

(Loss) Earnings Per Share

 

Projected Net Loss — GAAP

$

 

(195.0

)

 

 

155

 

$

 

(1.26

)

   Adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

Share-based compensation expense

 

 

120.0

 

 

 

 

 

 

 

 

 

Amortization expense

 

 

65.0

 

 

 

 

 

 

 

 

 

Depreciation expense

 

 

42.5

 

 

 

 

 

 

 

 

 

Non-cash net interest expense

 

 

1.0

 

 

 

 

 

 

 

 

 

Income tax effect related to reconciling items

 

 

(3.5

)

 

 

 

 

 

 

 

 

Other (including debt refinancing & restructuring charges)

 

 

5.0

 

 

 

 

 

 

 

 

 

Projected Net Income — Non-GAAP

$

 

35.0

 

 

 

161

 

$

 

0.22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Projected GAAP and non-GAAP measures reflect mid-points within ranges of estimated guidance.

 

 

 

 

View differences made from one to another to evaluate Alkermes Plc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 8-K Corporate News to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Alkermes Plc..

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account