Financial Results - Revenues for Q1-25 were 88,076,anincreaseof1,472 or 2% compared to Q1-24, driven by growth in key promoted products, partially offset by declines in mature products and currency depreciation in select LATAM countries [7][13] - Gross margin decreased to 34,866or4041,699 or 48% in the same period last year, primarily due to hyperinflation accounting in Argentina [7][19] - Operating loss was 5,537comparedtoanoperatingincomeof2,660 in Q1-24 [11][25] - Net income was 2,185,asignificantimprovementfromanetlossof4,546 in the prior year [25] - Adjusted revenues were 87,979,reflectinga36,631 or 8% on a constant currency basis [7][13] Corporate Developments - The company entered into an asset purchase agreement to acquire the Paladin business for 100,000,withanadditional20,000 for inventory, and potential future payments of up to 15,000basedonsalesmilestones[7][36]−AworkingcapitallineofcreditofUSD40,000wasobtainedfromCitibank,withUSD35,000withdrawn[6][37]−Thecompanyin−licensedOnicitIVfordistributioninMexico,Brazil,andselectLATAMcountries,andsubmittedTavalisseforANMATapprovalinArgentina[8][33][35]ShareholderUpdates−Shareholdersre−electedmemberstotheBoardofDirectors,includingJonathanRossGoodmanandSamiraSakhia[9]FinancialOutlook−Thecompanyreaffirmeditsfinancialguidancefor2025,expectingrevenuesbetween390 million to $405 million and adjusted EBITDA to be approximately 13% of revenues [38]
