This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Akorn CEO Discusses Q2 2012 Results - Earnings Call Transcript

Stocks in this article: AKRX

Akorn, Inc. (AKRX)

Q2 2012 Earnings Call

August 7, 2012, 10:00 a.m. ET

Executives



Raj Rai – CEO

Timothy Dick – CFO

Bruce Kutinsky – COO

Dinesh Dua – CEO, Managing Director Akorn India Pvt. Ltd.

Jeff Whitnell – CFO, SVP, Treasurer and Secretary

Analysts



Steven Crowley – Craig Hallum Capital Group

David Amsellem – Piper Jaffray

Elliot Wilbur – Needham and Company

Michael Higgins – Benson Paxton Securities

Paul Nouri – Noble Equity Fund

David Steinberg – Deutsche Bank

Presentation

Operator



Good morning and thank you for joining Akorn Incorporated 2012 second quarter conference call. If you have not yet had a chance to read the earnings release, you may access it through the investor relations section at Akorn’s website. Raj Rai, Chief Executive Officer, Tim Dick, Chief Financial Officer and Bruce Kutinsky, the newly-appointed Chief Operating Officer, will host this morning’s call. The call is expected to last 30 minutes and may be accessed through our website at Akorn.com. A replay of the conference call will be available shortly after the filing of the transcript of this call with the U.S. Securities and Exchange Commission, under rule 14-A through 12 of the Securities and Exchange Act of 1934, as amended. Interested parties can access the replay by dialing 888-203-1112 in the United States, or 719-457-0820 internationally, and entering the access code 4125361.

Before we get started, I’d like to remind everyone that any statements made on the conference call today or on our press release that express a belief, expectation, anticipation or intent, as well as those that are historical fact, are considered forward-looking statements and are protected under the Safe Harbor of the Private Securities Litigation Reform Act. These forward-looking statements are based on information available to Akorn today, and we assume no obligation to update these statements as circumstances change. These forward-looking statements may involve a number of risks and uncertainties, which may cause the company’s results to differ materially from such statements. Forward-looking statements are qualified by the inherent risks and uncertainties surrounding future expectations, generally, and may materially differ from the actual future experience. Risks and uncertainties could affect forward-looking statement, including the failure to gain new product approvals and lines of new products. Such risks are described from time to time in Akorn’s reports filed with the SEC, including Akorn’s annual report on form 10-K for the year ended December 31 st, 2011, and the subsequent quarterly reports on form 10-Q. Also, the company urges caution in considering any trends or guidance that may be discussed on the conference call. In addition, as required by regulation, reconciliation of non-GAAP financial measures mentioned on our call today, to the most comparable GAAP financial measures, can be found in our press release. Thank you, and now I’d like to turn the call over to Raj Rai.

Raj Rai



1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs