Knight Reports First Quarter 2015 Results
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 05/13/15 -- Knight Therapeutics Inc. (TSX: GUD) ("Knight" or the "Company"), a leading Canadian specialty pharmaceutical company, today reported its first quarter ended March 31, 2015 financial results.
First Quarter 2015 Highlights
Subsequent to the quarter ended March 31, 2015:
First Quarter 2015 Financial Results Reported in Canadian Dollars
The Company''s financial statements for the period ended March 31, 2015 have been prepared in accordance with IAS 34, Interim Financial Reporting.
For the quarter ended March 31, 2015, the Company reported revenues of $247,356 and net income of $13,816,190. As at March 31, 2015, the Company had $452.2 million in cash and marketable securities and 92,539,843 common shares outstanding.
"This quarter was marked by a one-time $10 million realized gain generated from the execution of our secured lending strategy. After selling our priority review voucher for US$125M, this now makes us a two hit wonder," said Jonathan Ross Goodman, President and CEO of Knight Therapeutics Inc. "Every day, the Knight team is aggressively, yet patiently pursuing opportunities to build our pipeline of innovative specialty pharmaceutical products. I assure you that GUD things come to those who wait."
Conference Call Notice
Knight will host a conference call to discuss its first quarter results today at 8:30 am ET. Investors and other interested parties may call 877-223-4471 (Operator Assisted Toll-Free) or 647-788-4922 (local or international).
A taped replay of the conference call will be available from today at 11:30 a.m. ET until Wednesday, June 10, 2015 at 11:59 p.m. ET. To access the replay, please call 1-800-585-8367 or 416-621-4642 and use access code 46121470.
Notice of Second Quarter 2015 Results
Knight expects to release its second quarter 2015 financial results on the morning of Wednesday, August 12, 2015. Knight expects to hold a conference call at 8:30 am ET on the morning of the release. All interested parties are cordially invited to attend. Investors and other interested parties may call 877-223-4471 (Operator Assisted Toll-Free) or 647-788-4922 (local or international).
About Knight Therapeutics Inc.
Knight Therapeutics Inc., headquartered in Montreal, Canada, is a specialty pharmaceutical company focused on acquiring or in-licensing innovative pharmaceutical products for the Canadian and select international markets. Knight''s shares trade on TSX under the symbol GUD. For more information about Knight
Therapeutics Inc., please visit the Company''s web site at or .
Forward-Looking Statement
This document contains forward-looking statements for the Company and its subsidiaries. These forward looking statements, by their nature, necessarily involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements. The Company considers the assumptions on which these forward-looking statements are based to be reasonable at the time they were prepared, but cautions the reader that these assumptions regarding future events, many of which are beyond the control of the Company and its subsidiaries, may ultimately prove to be incorrect. Factors and risks, which could cause actual results to differ materially from current expectations are discussed in the Company''s Annual Report and in the Company''s Annual Information Form for the year ended December 31, 2014. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information or future events, except as required by law.
Knight Therapeutics Inc.
INTERIM CONSOLIDATED BALANCE SHEETS
As at
(in Canadian dollars)
(unaudited)
INTERIM CONSOLIDATED STATEMENTS OF INCOME
(in Canadian dollars)
(unaudited)
INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(in Canadian dollars)
(unaudited)
(in Canadian dollars)
(unaudited)
INTERIM CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS'' EQUITY
INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS
(in Canadian dollars)
(unaudited)
Contacts:
Knight Therapeutics Inc.
Jeffrey Kadanoff, P.Eng., MBA
Chief Financial Officer
514-484-GUD1 (4831)
514-481-4116 (FAX)
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Datum: 13.05.2015 - 04:00 Uhr
Sprache: Deutsch
News-ID 1358430
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Kategorie:
Drugs
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