OPKO Health (OPK) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -33.33%. A quarter ago, it was expected that this holding company with investments in pharmaceutical and diagnostics companies would post a loss of $0.09 per share when it actually produced a loss of $0.09, delivering no surpri ...

Financial Performance - Total revenues for the three months ended March 31, 2024, were $173.7 million, a decrease of 27% compared to $237.6 million for the same period in 2023[239] - The company recorded a consolidated loss from operations of $71.5 million for the three months ended March 31, 2024, compared to a loss of $30.6 million for the same period in 2023, representing a 134% increase in loss[239] - Total revenues for the three months ended March 31, 2024, were $46.8 million, a decrease of $58.4 million or 55.5% compared to $105.2 million in the same period of 2023[246] Revenue Breakdown - Revenue from services decreased by approximately $5.5 million, or 4.1%, primarily due to lower clinical test volume and reduced test reimbursement[240] - Revenue from products decreased by $2.3 million or 5.8% to $38.0 million, primarily due to declining international sales and foreign exchange fluctuations[247] - Revenue from the transfer of intellectual property and other dropped by $56.1 million or 86.5% to $8.7 million, largely due to one-time milestone payments received in 2023[248] Expenses - The cost of revenue for the three months ended March 31, 2024, decreased by $4.2 million, or 3.7%, compared to the same period in 2023[242] - Selling, general and administrative expenses decreased by 13% to $45.8 million for the three months ended March 31, 2024, down from $52.6 million in 2023[243] - Research and development expenses for the three months ended March 31, 2024, totaled $0.7 million, a decrease of 3.5% compared to $0.7 million in 2023[244] - Research and development expenses decreased by $10.6 million or 33.3% to $21.2 million, influenced by a one-time payment to Sanofi in 2023[251] - Selling, general and administrative expenses increased by $1.5 million or 11% to $15.0 million, driven by higher employee-related and professional expenses[250] Financing Activities - The company completed a private offering of $230 million aggregate principal amount of 3.75% Convertible Senior Notes due 2029, with net proceeds of approximately $222 million[232] - The company entered into a definitive agreement to sell select assets of BioReference for $237.5 million, expected to close in the second half of 2024[229] - The company completed a private offering of $230.0 million aggregate principal amount of 2029 Convertible Notes in January 2024[265] Cash and Liquidity - The company had cash and cash equivalents of approximately $75.6 million as of March 31, 2024, with cash used in operations amounting to $35.5 million[263] - Cash and cash equivalents on hand as of March 31, 2024, are deemed sufficient to meet anticipated cash requirements for operations and debt service beyond the next 12 months[277] Regulatory and Development Updates - The company anticipates regulatory approvals for Somatrogon (hGH-CTP) in over 50 markets, expanding its pharmaceutical pipeline[226] - ModeX was awarded a BARDA Contract for $59.0 million over five years to develop a next-generation MSTAR multispecific antibody against SARS-CoV-2, with potential additional funding of up to $109.6 million upon achieving milestones[270] - The company incurred $10.8 million in development costs related to the Epstein-Barr Virus vaccine, fully reimbursed by Merck[272] Currency and Interest Rate Management - Approximately 21.5% of the company's revenue for the three months ended March 31, 2024, was denominated in currencies other than the U.S. Dollar, up from 18.5% in the same period in 2023[236] - The company manages foreign currency exchange rate risk by entering into foreign exchange forward contracts to hedge forecasted cash flows[287] - The company does not hedge interest rate exposure due to the short-term nature of its investment portfolio, which is subject to minimal interest rate risk[289] Commitments and Obligations - As of March 31, 2024, total commitments under the amended credit agreement were $40.6 million, with $21.0 million drawn and a weighted average interest rate of approximately 7.8%[274] - As of March 31, 2024, the total contractual obligations amounted to $499.3 million, with $60.7 million due in the remaining nine months of 2024[279]

Exhibit 99.1 OPKO Health Reports First Quarter 2024 Business Highlights and Financial Results Conference call begins at 4:30 p.m. Eastern time today MIAMI (May 7, 2024) – OPKO Health, Inc. (NASDAQ: OPK) reports business highlights and financial results for the three months ended March 31, 2024. First quarter business highlights include the following: First Quarter Financial Results ● Entered into an agreement with Labcorp to sell select assets of BioReference Health. The transaction includes the sale of Bio ...

MIAMI, May 03, 2024 (GLOBE NEWSWIRE) -- OPKO Health, Inc. (NASDAQ:OPK) plans to report operating and financial results for the three months ended March 31, 2024 after the close of the U.S. financial markets on Tuesday, May 7, 2024. OPKO's senior management will provide a business update and discuss results as well as financial guidance during a conference call and live audio webcast on May 7th beginning at 4:30 p.m. Eastern time. CONFERENCE CALL & WEBCAST INFORMATION OPKO encourages participants to pre-regi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-33528 OPKO Health, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 75-2402409 (State or Other ...

Start Time: 16:30 January 1, 0000 5:08 PM ET OPKO Health, Inc. (NASDAQ:OPK) Q4 2023 Earnings Conference Call February 27, 2024, 16:30 PM ET Company Participants Phil Frost - Chairman and CEO Elias Zerhouni - President and Vice Chairman Adam Logal - SVP and CFO Charles Bishop - CEO, OPKO Renal Yvonne Briggs - LHA IR Conference Call Participants Jeffrey Cohen - Ladenburg Maury Raycroft - Jefferies Edward Tenthoff - Piper Sandler Yi Chen - H.C. Wainwright & Co. Operator Good day, and welcome to the OPKO Health ...

Conference call begins at 4:30 p.m. Eastern time today MIAMI (February 27, 2024) – OPKO Health, Inc. (NASDAQ: OPK) reports business highlights and financial results for the three and 12 months ended December 31, 2023. Business highlights from the fourth quarter and subsequent weeks included the following: ● ModeX advanced its antiviral and immune-oncology product pipeline. ModeX advanced its pipeline of antiviral and immune-oncology programs utilizing its next-generation multispecific antibodies, with expec ...

MIAMI, Jan. 04, 2024 (GLOBE NEWSWIRE) -- OPKO Health, Inc. (NASDAQ:OPK) (the "Company") today announced the pricing of its private offering of $200.0 million aggregate principal amount of its Convertible Senior Notes due 2029 (the "Notes"). The Company granted the initial purchaser in the offering an option to purchase, within the 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $30.0 million aggregate principal amount of the Notes. The sale of the ...

OPKO Health, Inc. (NASDAQ:OPK) Q3 2023 Earnings Conference Call November 6, 2023 4:30 PM ET Company Participants Yvonne Briggs - LHA Investor Relations Phillip Frost - Chairman and Chief Executive Officer Elias Zerhouni - President and Vice Chairman Adam Logal - Senior Vice President and Chief Financial Officer Charles Bishop - Chief Executive Officer, OPKO Renal Conference Call Participants Jeffrey Cohen - Ladenburg Thalmann & Company Maury Raycroft - Jefferies Edward Tenthoff - Piper Sandler Yale Jen - La ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q Table of Contents (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023. OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-33528 OPKO Health, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 75-2402409 (State o ...