BUFFALO GROVE, Ill.--(BUSINESS WIRE)--March 6, 2006--Akorn, Inc. (AMEX:AKN) today reported net sales of $44.5 million for the full year 2005, a decrease of 12% from 2004 net sales of $50.7 million. Gross profit of $14.9 million or 34% of 2005 net sales, represents a decrease of 18% from gross profit of $18.2 million for 2004. Net loss for 2005 was $8.6 million, vs. a $3.0 million net loss for 2004. Net cash provided by 2005 operating activities was approximately breakeven.
