Elite Pharmaceuticals Q1 FY2027 Revenue Falls 19.5% to $32.4M; Net Income $5.9M
ELTP is trading near its 52-week low of $0.325 (10% above the low).
Summary
Elite Pharmaceuticals reported Q1 FY2027 revenue of $32.4 million, down 19.5% year-over-year, with net income of $5.9 million. The decline reflects lower margins on generic Vyvanse, but results are consistent with recent quarters.
Key Events · Earnings and Guidance · ELTP
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Q1 FY2027 Revenue Declines 19.5%
Consolidated revenues were $32.4 million, a decrease of $7.9 million from the prior-year quarter, which had the largest quarterly revenue in company history.
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Operating Income Falls 65%
Income from operations was $7.5 million, down $14.2 million year-over-year, primarily due to lower margins from generic Vyvanse sales.
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Net Income $5.9 Million
Net income attributable to common shareholders was $5.9 million for the quarter ended June 30, 2026.
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Results In Line With Recent Quarters
Management noted that while year-over-year comparisons show decreases, results are consistent with the three prior quarters, indicating stabilization.
Analysis · ELTP · Life Sciences
Elite Pharmaceuticals reported Q1 FY2027 revenue of $32.4 million, down 19.5% from the prior-year quarter, which had the largest quarterly revenue in company history. Income from operations fell 65% to $7.5 million, primarily due to lower margins on generic Vyvanse sales. Net income attributable to common shareholders was $5.9 million. The company notes results are in line with the three prior quarters, suggesting stabilization after a competitive market adjustment. A conference call is scheduled for August 14, 2026.
At the time of this filing, ELTP was trading at $0.36 on OTC in the Life Sciences sector, with a market capitalization of approximately $386.2M. The 52-week trading range was $0.33 to $0.74. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.