Research Desk Line-up: Neogen Post Earnings Coverage
LONDON, UK / ACCESSWIRE / September 22, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Advanced Accelerator Applications S.A. (NASDAQ: AAAP) ("Advanced Accelerator"), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=AAAP, following the Company's reporting of its financial results on August 31, 2017, for the second quarter of the fiscal year 2017. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:
Get more of our free earnings reports coverage from other constituents of the Diagnostic Substances industry. Pro-TD has currently selected Neogen Corporation (NASDAQ: NEOG) for due-diligence and potential coverage as the Company announced on September 19, 2017, its financial results for Q1 FY18 which ended on August 31, 2017. Register for a free membership today, and be among the early birds that get access to our report on Neogen when we publish it.
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For the three months ended June 30, 2017, Advanced Accelerator's revenue increased 32% to €36.53 million from €27.64 million in Q2 FY16. The increase was primarily driven by the PET product category, which increased 50% to €25.2 million on a y-o-y basis.
During Q2 FY17, Advanced Accelerator's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) was negative €2.17 million compared to positive €2.27 million in Q2 FY16. For the reported quarter, the Company's adjusted EBITDA margin was negative 5.93% of revenue compared to positive 8.2% of revenue in Q2 FY16.
For the reported quarter, Advanced Accelerator's D&A expenses increased 18% to €3.81 million from €3.23 million in Q2 FY16.
During Q2 FY17, Advanced Accelerator's operating loss was €5.98 million compared to an operating loss of €963,000 in Q2 FY16. The increase in operating loss was due to higher personnel costs and operating expenses, primarily related to the launch of new products, ongoing pipeline development, and increases in stock option grants to employees and compliance requirements.
During Q2 FY17, Advanced Accelerator's net loss was €9.91 million compared to a net loss of €1.43 million in Q2 FY16. During Q2 FY17, Advanced Accelerator's diluted earnings per share (EPS) was negative €0.11 compared to negative €0.02 in Q2 FY16.
On August 30, 2017, Advanced Accelerator's announced that the US Food and Drug Administration (FDA) has accepted and considered complete the resubmission of the New Drug Application (NDA) for its investigational drug lutetium Lu 177 dotatate (Lutathera).
As on June 30, 2017, Advanced Accelerator's cash and cash equivalents decreased 21.2% to €174.95 million from €222.08 million in Q4 FY16.
During Q2 FY17, the Company's trade and other receivables increased 17.1% to €36.38 million from €31.08 million in Q4 FY16.
For the reported quarter, Advanced Accelerator's inventories increased 18.3% to €9.58 million from €8.10 million in Q4 FY16.
During Q2 FY17, the Company's trade and other payables increased 20 basis points to €20.16 million from €20.12 million in Q4 FY16.
For the reported quarter, the Company's Return on Equity (ROE) ratio was negative 3.46% compared to negative 0.85% in Q2 FY16.
During Q2 FY17, the Company's Return on Assets (ROA) ratio was negative 9.94% compared to negative 2.07% in Q2 FY16.
During H1 FY17, Advanced Accelerator's cash provided by operating activities was negative €8.74 million compared to negative €6.43 million in H1 FY16.
At the closing bell, on Thursday, September 21, 2017, Advanced Accelerator Applications' stock marginally fell 0.85%, ending the trading session at $57.15. A total volume of 155.99 thousand shares have exchanged hands, which was higher than the 3-month average volume of 107.57 thousand shares. The Company's stock price soared 44.17% in the last three months, 44.39% in the past six months, and 48.75% in the previous twelve months. Moreover, the stock skyrocketed 113.57% since the start of the year. The stock currently has a market cap of $2.53 billion.
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