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AMRI (AMRI) Announces Third Quarter 2016 Results



11/9/2016 11:42:27 AM

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ALBANY, N.Y., Nov. 8, 2016 /PRNewswire/ -- AMRI (NASDAQ: AMRI) today reported financial and operating results for the third quarter ended September 30, 2016 and reiterated its outlook for 2016.

Highlights:

Contract revenue of $151.7 million, up 50% from the third quarter 2015

Reported contract margins of 19%; non-GAAP contract margins of 30%

Reported basic and diluted EPS $(0.57); non-GAAP diluted EPS of $0.17

Recurring royalty revenue of $1.1 million

Reported net loss of $(23.4) million; non-GAAP net income of $7.2 million

Adjusted EBITDA of $25.5 million, up 55% from the third quarter 2015

Reaffirms 2016 outlook

Read at BioSpace.com


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