Hyperinflation accounting

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Banco Macro S.A.(BMA) - 2025 Q1 - Earnings Call Transcript
2025-05-29 16:02
Banco Macro (BMA) Q1 2025 Earnings Call May 29, 2025 11:00 AM ET Company Participants Nicolás Torres - Investor RelationsBrian Flores - VP - Equity ResearchJorge Francisco Scarinci - Finance & Investor Relations ManagerErnesto Gabilondo - Director - LatAm Financials Bank of AmericaCarlos Gomez-Lopez - Head of LatAm Financial Institutions Operator Thank you for waiting. At this time, we would like to welcome everyone to Banco Macro's one quarter twenty twenty five earnings conference call. We would like to i ...
Knight Therapeutics Reports First Quarter 2025 Results
Globenewswire· 2025-05-08 11:30
Financial Results - Revenues for Q1-25 were $88,076, an increase of $1,472 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 $34,866 or 40% of revenues from $41,699 or 48% in the same period last year, primarily due to hyperinflation accounting in Argentina [7][19] - Operating loss was $5,537 compared to an operating income of $2,660 in Q1-24 [11][25] - Net income was $2,185, a significant improvement from a net loss of $4,546 in the prior year [25] - Adjusted revenues were $87,979, reflecting a 3% increase, and $6,631 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, with an additional $20,000 for inventory, and potential future payments of up to $15,000 based on sales milestones [7][36] - A working capital line of credit of USD 40,000 was obtained from Citibank, with USD 35,000 withdrawn [6][37] - The company in-licensed Onicit IV for distribution in Mexico, Brazil, and select LATAM countries, and submitted Tavalisse for ANMAT approval in Argentina [8][33][35] Shareholder Updates - Shareholders re-elected members to the Board of Directors, including Jonathan Ross Goodman and Samira Sakhia [9] Financial Outlook - The company reaffirmed its financial guidance for 2025, expecting revenues between $390 million to $405 million and adjusted EBITDA to be approximately 13% of revenues [38]
Banco Macro S.A.(BMA) - 2024 Q4 - Earnings Call Transcript
2025-02-27 17:02
Banco Macro (BMA) Q4 2024 Earnings Call February 27, 2025 11:00 AM ET Company Participants Nicolás Torres - Investor RelationsErnesto Gabilondo - Director - LatAm Financials Bank of AmericaJorge Francisco Scarinci - CFO, Finance Manager & IR ManagerBrian Flores - VP - Equity Research Conference Call Participants None - AnalystCarlos Gomez-Lopez - Analyst Operator Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to Banco Macro's 4Q twenty twenty f ...