This Day On The Street
Continue to site
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

Akorn CEO Discusses Q2 2012 Results - Earnings Call Transcript

Akorn, Inc. (AKRX)

Q2 2012 Earnings Call

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


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


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



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 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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.69 -0.59%
FB $119.49 1.43%
GOOG $711.11 1.40%
TSLA $214.93 1.61%
YHOO $37.23 0.79%


Chart of I:DJI
DOW 17,740.63 +79.92 0.45%
S&P 500 2,057.14 +6.51 0.32%
NASDAQ 4,736.1550 +19.0610 0.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs