Opko Health, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 29, 2021 at 04:14 pm EDT
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OPKO Health, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 442.408 million compared to USD 301.207 million a year ago. Operating income was USD 5.571 million compared to USD 27.179 million a year ago. Net loss was USD 16.186 million compared to net income of USD 33.703 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 0.05 a year ago. For the half year, total revenue was USD 987.573 million compared to USD 512.674 million a year ago. Operating income was USD 44.008 million compared to operating loss of USD 13.581 million a year ago. Net income was USD 14.892 million compared to net loss of USD 25.429 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to basic loss per share from continuing operations of USD 0.04 a year ago.
OPKO Health, Inc. is a multinational biopharmaceutical and diagnostics company. The Company's diagnostics segment consists of the clinical laboratory operations of BioReference Health, LLC (BioReference), its point-of-care operations. Its pharmaceutical segment consists of the pharmaceutical operations in Chile, Mexico, Ireland, Israel, Spain, Ecuador, France, the United States, and its pharmaceutical research and development operations. Through BioReference, it operates specialized laboratory divisions, such as GenPath (Urology), GenPath (Oncology), and GenPath (Women's Health). It has two commercial stage pharmaceutical products and several pharmaceutical compounds and technologies in various stages of research and development for a range of indications and conditions, including Rayaldee, Rayaldee, Oxyntomodulin, Biologics, NGENLA Somatrogon, and Factor VIIa-CTP. It develops and manufactures specialty active pharmaceutical ingredients (APIs) through FineTech Pharmaceutical, Ltd.