Lannett (LCI)

Company Profile

Lannett Company, founded in 1942, develops, manufactures, packages, markets and distributes generic pharmaceutical products for a wide range of medical indications.

Company profile

Ticker

LCI

Exchange

NYSE

Website

www.lannett.com

CEO

Timothy Crew

Incorporated

Delaware

Location

Pennsylvania

Fiscal year end

Jun 30

Sector

Manufacturing > Pharmaceutical Preparation Manufacturing

Industry (SIC)

Pharmaceutical Preparations

Pfizer • Johnson & Johnson • Merck & Co • Abbott Laboratories • Teva- Pharmaceutical Industries • Bristol-Myers Squibb • Lilly(Eli) & Co • Viatris • Abbvie • Bausch Health Companies ...

Former names

NETHERLANDS SECURITIES INC

SEC CIK

0000057725

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Cody Laboratories, Inc. • Silarx Pharmaceuticals, Inc. • Kremers Urban Pharmaceuticals, Inc. ...

IRS number

230787699

LCI stock data

1M 1Y 5Y

Latest filings (excl ownership)

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8-K

Material Modifications to Rights of Security Holders

2 Feb 23

Lannett Reports Improved Fiscal 2023 Second Quarter Financial Results; Raises Full-year Guidance

2 Feb 23

8-K

Submission of Matters to a Vote of Security Holders

26 Jan 23

8-K

Cost Associated with Exit or Disposal Activities

29 Nov 22

Entry into a Material Definitive Agreement

3 Nov 22

Lannett Reports Better Than Expected Financial Results

3 Nov 22

Transcripts

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LCI

Earnings call transcript

2023 Q2

1 Feb 23

LCI

Earnings call transcript

2023 Q1

2 Nov 22

LCI

Earnings call transcript

2022 Q4

25 Aug 22

LCI

Earnings call transcript

2022 Q3

5 May 22

LCI

Earnings call transcript

2022 Q2

4 Feb 22

LCI

Earnings call transcript

2022 Q1

4 Nov 21

LCI

Earnings call transcript

2021 Q4

26 Aug 21

LCI

Earnings call transcript

2021 Q3

6 May 21

LCI

Earnings call transcript

2021 Q2

4 Feb 21

LCI

Earnings call transcript

2021 Q1

4 Nov 20

Latest ownership filings

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SC 13G/A

HIGHBRIDGE CAPITAL MANAGEMENT LLC

Financial summary

Financial statements Chart LCI financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jun 22	Jun 21	Jun 20	Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	60.85 mm	60.85 mm	60.85 mm	60.85 mm	60.85 mm	60.85 mm
Cash burn (monthly)	7.36 mm	3.57 mm	12.09 mm	16.11 mm	6.41 mm	4.29 mm
Cash used (since last report)	22.20 mm	10.76 mm	36.50 mm	48.64 mm	19.34 mm	12.96 mm
Cash remaining	38.65 mm	50.09 mm	24.35 mm	12.21 mm	41.51 mm	47.89 mm
Runway (months of cash)	5.3	14.0	2.0	0.8	6.5	11.2

Beta Read what these cash burn values mean

Financial data from Lannett earnings reports.

Institutional ownership, Q3 2022

LCI institutional ownership history Ownership history

46.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	58	70	-17.1%
Opened positions	1	6	-83.3%
Closed positions	13	2	+550.0%
Increased positions	2	12	-83.3%
Reduced positions	20	24	-16.7%

13F shares	Current	Prev Q	Change
Total value	30.35 mm	33.78 mm	-10.2%
Total shares	20.06 mm	22.22 mm	-9.7%
Total puts	77.60 k	79.40 k	-2.3%
Total calls	61.00 k	60.30 k	+1.2%
Total put/call ratio	1.3	1.3	-3.4%

Largest owners	Shares	Value	Change
Telemus Capital	7.38 mm	$3.39 mm	0.0%
Renaissance Technologies	2.04 mm	$916.00 k	-7.3%
D. E. Shaw & Co	1.89 mm	$12.30 mm	0.0%
D. E. Shaw & Co.	1.50 mm	$674.00 k	-15.2%
MintBroker International	1.40 mm	$7.21 mm	0.0%
Vanguard	740.88 k	$333.00 k	+5.2%
LSV Asset Management	711.75 k	$320.00 k	-32.8%
BLK Blackrock	574.42 k	$258.00 k	-0.3%
Staley Capital Advisers	515.15 k	$232.00 k	0.0%
IVZ Invesco	390.73 k	$176.00 k	-5.3%

Largest transactions	Shares	Bought/sold	Change
LSV Asset Management	711.75 k	-347.48 k	-32.8%
Assenagon Asset Management	0.00	-337.49 k	EXIT
D. E. Shaw & Co.	1.50 mm	-268.25 k	-15.2%
Two Sigma Advisers	286.20 k	-265.70 k	-48.1%
Two Sigma Investments	233.79 k	-178.54 k	-43.3%
Renaissance Technologies	2.04 mm	-160.26 k	-7.3%
Millennium Management	30.76 k	-128.83 k	-80.7%
STT State Street	0.00	-125.66 k	EXIT
Bailard	0.00	-68.88 k	EXIT
Two Sigma Securities	0.00	-53.13 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

LCI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
17 Nov 22	John C Chapman	Common Stock	Buy	Acquire P	No	No	0.51	20,000	10.20 k	174,324
10 Nov 22	Crew Timothy C	Common Stock	Buy	Acquire P	No	Yes	0.48	15,000	7.20 k	604,291
10 Nov 22	Lepore Patrick G	Common Stock	Buy	Acquire P	No	No	0.49	100,000	49.00 k	587,145
14 Sep 22	Melissa Rewolinski	Common stock	Buy	Acquire P	No	No	0.49	31,159	15.27 k	93,259
7 Sep 22	Abt John	Common Stock	Payment of exercise	Dispose F	No	No	0.47	950	446.50	118,825