Key Developments For BMP Sunstone Corporation
BMP Sunstone Corporation (BJGP.O) (Consolidated Issue listed on NASDAQ Global Market)
BMP Sunstone Corp. Lowers FY 2009 Guidance
BMP Sunstone Corp. announced that, due to slower than expected growth rates in the second quarter of 2009, it adjusted revenue, adjusted EBITDA and non-GAAP net income guidance for fiscal 2009. The Company now expects revenue to reach $140 to $150 million, adjusted EBITDA to reach $12 to $13 million, and non-GAAP net income to reach $6 to $7 million. The revisited guidance is down from previous fiscal 2009 expectations of $150 to $160 million in revenue, $16 to $18 million in adjusted EBITDA, and $9 to $11 million in non-GAAP net income. According to Reuters Estimates, analysts on an average were expecting the Company to report EBITDA of $17 million on revenue of $151 million for the same period.
BMP Sunstone Corp. Reiterates FY 2009 Guidance
BMP Sunstone Corp. reiterated its revenue, EBITDA and non-GAAP net income guidance for fiscal 2009. As previously announced, for the fiscal 2009, revenue is anticipated to increase at least 35% year over year to reach $150 million to $160 million. EBITDA is expected to reach $16 million to $18 million, and non-GAAP net income is expected to reach $9 million to $11 million. According to Reuters Estimates, analysts were expecting the Company to report revenues of $157 million for the same period.
BMP Sunstone Corp. Divests Ownership Stake In Alliance BMP Limited
BMP Sunstone Corp. announced that it has entered into an agreement to divest its 20% ownership stake in Alliance BMP Limited, the Alliance Boots subsidiary that holds a 50% interest in Chinese pharmaceutical wholesaler Guangzhou Pharmaceuticals Corporation (GP Corp).
BMP Sunstone Corp. Reaffirms FY 2009 Guidance
BMP Sunstone Corp. reiterated revenue, non-GAAP and EBITDA guidance for fiscal 2009. As previously announced, for the fiscal 2009, revenue is anticipated to increase at least 35% year over year to reach $150-$160 million, EBITDA to reach $16-$18 million and non-GAAP net income to reach $9-$11 million. According to Reuters Estimates, analysts were expecting the Company to report revenues of $155 million for the same period.
BMP Sunstone Corp. Reaffirms FY 2009 Revenue Guidance; Issues FY 2009 Guidance; EBITDA Guidance Below Analysts' Estimates
BMP Sunstone Corp. announced that for fiscal 2009, it expects revenue to increase at least 35% year over year to reach $150 to $160 million and EBITDA to reach $16-$18 million. The Company is also adjusting its fiscal 2009 net income guidance to reflect interest costs and debt discount amortization related to newly issued convertible debt due in July 2011. The Company expects GAAP net income to be between $2-$4 million and expects non-GAAP net income to be between $9-$11 million. According to Reuters Estimates, analysts were expecting the Company to report revenues of $153 million, EBITDA of $27 million and net income of $9 million for the same period.
