Assertio (US:ASRT)2022-03-09 13:44Financial Performance - Q4 2021 - Net product sales increased to $32152 thousand, a 24% increase compared to Q3 2021 and a 7% increase compared to Q4 2020[5] - Adjusted EBITDA reached $17827 thousand, a 13% increase compared to Q3 2021 and a significant 118% increase compared to Q4 2020[6] Financial Performance - Full Year 2021 - Net product sales reached $109420 thousand, a 19% increase compared to 2020[7] - Adjusted EBITDA reached $48830 thousand, a substantial 200% increase compared to 2020[7] Cost Savings - Adjusted SG&A expenses decreased by $24923 thousand, a 34% reduction compared to 2020[10] - Adjusted SG&A expenses excluding one-time legal matters were $42554 thousand, reflecting approximately $45 million of savings versus the annualized second half run rate in 2020[10] Cash Balance & Debt - Cash and cash equivalents were $36810 thousand[12] - Net debt was $33940 thousand[12] - Net debt to Adjusted EBITDA ratio improved to 0.70 in 2021 from 3.65 in 2020[13] 2022 Guidance - Net product sales are projected to be between $126 million and $136 million[14] - Adjusted EBITDA is projected to be between $64 million and $72 million[14]