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Amphastar Pharmaceuticals, Inc. (AMPH) SEC Filing 10-Q Quarterly Report for the period ending Thursday, September 30, 2021

Amphastar Pharmaceuticals, Inc.

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CIK: 1297184 Ticker: AMPH

EXHIBIT 99.1

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Amphastar Pharmaceuticals Reports Financial Results for the Three Months Ended September 30, 2021

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Reports Net Revenues of $112.2 Million for the Three Months Ended September 30, 2021

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RANCHO CUCAMONGA, CA – November 8, 2021 – Amphastar Pharmaceuticals, Inc. (NASDAQ: AMPH) (“Amphastar” or the “Company”) today reported results for the three months ended September 30, 2021.

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Third Quarter Highlights

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●Net revenues of $112.2 million for the third quarter
●GAAP net income of $29.5 million, or $0.59 per share, for the third quarter
●Adjusted non-GAAP net income of $23.0 million, or $0.46 per share, for the third quarter

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Dr. Jack Zhang, Amphastar’s President and Chief Executive Officer, commented: “We delivered record sales due to the continued momentum driven by the strength of our glucagon, Primatene Mist® and our epinephrine products. These products should continue to be the primary drivers of growth until we receive further approvals for products in our pipeline, which we project will happen in 2022.”

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Three Months Ended

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Nine Months Ended

 

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September 30, 

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September 30, 

 

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2021

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2020

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2021

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2020

 

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(in thousands, except per share data)

 

Net revenues

    

$

112,198

    

$

83,431

    

$

316,881

    

$

253,925

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GAAP net income attributable to Amphastar

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$

29,548

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$

3,919

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$

42,356

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$

7,676

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Adjusted non-GAAP net income attributable to Amphastar*

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$

22,998

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$

7,629

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$

47,166

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$

23,622

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GAAP diluted EPS attributable to Amphastar stockholders

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$

0.59

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$

0.08

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$

0.85

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$

0.16

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Adjusted non-GAAP diluted EPS attributable to Amphastar stockholders*

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$

0.46

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$

0.15

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$

0.95

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$

0.48

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The following information was filed by Amphastar Pharmaceuticals, Inc. (AMPH) on Monday, November 8, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Amphastar Pharmaceuticals, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Accounts Payable And Accrued Liabilities
Accounts Payable And Accrued Liabilities (Details)
Accounts Payable And Accrued Liabilities (Tables)
Anp Restructuring
Anp Restructuring (Details)
Commitments And Contingencies
Commitments And Contingencies (Purchase Commitments) (Details)
Customer And Supplier Concentration
Customer And Supplier Concentration (Details)
Customer And Supplier Concentration (Tables)
Debt
Debt (Narrative) (Details)
Debt (Schedule Of Debt) (Details)
Debt (Tables)
Employee Benefits
Employee Benefits (Details)
Fair Value Measurements
Fair Value Measurements (Fair Values Of The Company's Financial Assets And Liabilities) (Details)
Fair Value Measurements (Tables)
General
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Summary Of Changes In The Carrying Amount Of Goodwill) (Details)
Goodwill And Intangible Assets (Summary Of Intangible Assets) (Details)
Goodwill And Intangible Assets (Tables)
Income (Loss) Per Share Attributable To Amphastar Pharmaceuticals, Inc. Stockholders
Income (Loss) Per Share Attributable To Amphastar Pharmaceuticals, Inc. Stockholders (Calculation Of Basic And Diluted Net Income (Loss) Per Share) (Details)
Income (Loss) Per Share Attributable To Amphastar Pharmaceuticals, Inc. Stockholders (Narrative) (Details)
Income (Loss) Per Share Attributable To Amphastar Pharmaceuticals, Inc. Stockholders (Tables)
Income Taxes
Income Taxes (Summary Of Income Before Taxes) (Details)
Income Taxes (Tables)
Inventories
Inventories (Details)
Inventories (Tables)
Investments
Investments (Equity Method Investment) (Details)
Investments (Held-To_Maturity) (Details)
Investments (Tables)
Litigation
Litigation (Details)
Property, Plant, And Equipment
Property, Plant, And Equipment (Summary Of Property, Plant, And Equipment) (Details)
Property, Plant, And Equipment (Tables)
Related-Party Transactions
Related-Party Transactions (Details)
Revenue Recognition
Revenue Recognition (Analysis Of Product Return Liability) (Details)
Revenue Recognition (Analysis Of The Chargeback Provision) (Details)
Revenue Recognition (Tables)
Segment Reporting
Segment Reporting (Depreciation And Amortization Expense By Reporting Segment) (Details)
Segment Reporting (Selected Financial Information By Reporting Segment) (Details)
Segment Reporting (Summary Of Net Revenues By Product Segment) (Details)
Segment Reporting (Summary Of Revenues And Long-Lived Assets By Geographic Region) (Details)
Segment Reporting (Tables)
Stockholders' Equity
Stockholders' Equity (2014 Employee Stock Purchase Plan) (Details)
Stockholders' Equity (Information Relating To Option Grants And Exercises) (Details)
Stockholders' Equity (Information Relating To Rsu Grants And Deliveries) (Details)
Stockholders' Equity (Key Assumptions Used In Determining Fair Value Of Options Granted) (Details)
Stockholders' Equity (Restricted Stock Units) (Details)
Stockholders' Equity (Share Buyback Program) (Details)
Stockholders' Equity (Share-Based Compensation Expense Included In The Statement Of Operations) (Details)
Stockholders' Equity (Summary Of Nonvested Options) (Details)
Stockholders' Equity (Summary Of Option Activity) (Details)
Stockholders' Equity (Tables)
Stockholders' Equity (The 2015 Equity Incentive Plan) (Details)
Stockholders' Equity (The 2018 Anp Equity Incentive Plan) (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Details)
Summary Of Significant Accounting Policies (Policies)
Ticker: AMPH
CIK: 1297184
Form Type: 10-Q Quarterly Report
Accession Number: 0001297184-21-000064
Submitted to the SEC: Mon Nov 08 2021 6:33:39 PM EST
Accepted by the SEC: Tue Nov 09 2021
Period: Thursday, September 30, 2021
Industry: Pharmaceutical Preparations

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