Assertio (US:ASRT)2022-05-15 21:21Financial Performance - Net product sales for Q1 2022 were $35546 thousand, up 11% compared to Q4 2021 and 37% compared to Q1 2021[4] - Adjusted EBITDA for Q1 2022 was $23863 thousand, a 34% increase from Q4 2021 and a 52% increase from Q1 2021[4] - Adjusted EPS for Q1 2022 was $038, an 81% increase from Q4 2021 and a 41% increase from Q1 2021[4] - The cash balance increased by $24579 thousand in Q1 2022, reaching $61389 thousand[7] - Operating cash flow in Q1 2022 was $27426 thousand[8] Expenses - Adjusted SG&A expenses for Q1 2022 were $9459 thousand, approximately $700 thousand lower than Q4 2021[6] - Adjusted SG&A expenses for Q1 2022 were $28 million lower than Q1 2021, excluding the impact of legal matters[6] Debt and Leverage - Net debt to Adjusted EBITDA ratio improved to 016 in Q1 2022 from 070 in Q4 2021[7, 8] - Senior secured debt remained constant at $70750 thousand[7] Guidance - The company maintained its net product sales guidance for 2022 at $1260 - $1360 million[9] - The company increased its Adjusted EBITDA guidance for 2022 to $660 - $740 million[9]