Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Theratechnologies Inc T.TH

Alternate Symbol(s):  THTX

Theratechnologies Inc. is a Canada-based clinical-stage biopharmaceutical company. The Company is focused on the development and commercialization of therapies addressing unmet medical needs. It markets prescription products for people with human immunodeficiency viruses (HIV) in the United States. The Company's research pipeline focuses on specialized therapies addressing unmet medical needs... see more

TSX:TH - Post Discussion

Theratechnologies Inc > Hard to connect the dots since the September 26 th CC
View:
Post by palinc2000 on Oct 27, 2023 10:44am

Hard to connect the dots since the September 26 th CC

I would also like to mention a goal that is very important, tied to our operational planning, which is respecting our debt covenants with our lender. I am so pleased to share that we have worked together with Marathon to modify our covenants as our story progresses. These important changes include, among others, removing the increase in the liquidity covenant, which would have stepped up to $30 million should the F8 not be approved before March 31, 2024, changing the revenue covenant to an adjusted EBITDA-based covenant, and changing the liquidity requirements down to $15 million over time as our adjusted EBITDA increases. These adjustments to the loan covenants can be seen as a testament to the rising confidence in our ability to execute on the company's stated goals for the year. Additionally, the new terms will allow Theratechnologies greater flexibility in our quest to deliver better profitability and even stronger financial health.

Jumping into our financial progress. In July, we announced measures to realize a $5.5 million in cost reduction for 2024. But through tight expense management, we are already seeing the impact of this measure. We're happy to report that we recorded adjusted EBITDA of $2.2 million in the third quarter. Not only was this critical milestone achieved far before the end of the fiscal year, which was promised in January, but it also marks a significant improvement quarter-over-quarter. These results put the company in a positive adjusted EBITDA range of 10% of revenues, and we are confident this figure can be improved in the coming quarters.

This is the results of a significant reduction in R&D and operational expenses. And now with the completion of a number of key projects, such as studies required for our FDA submissions, significant expenses are behind us. This profitability gives us the agility to seek favorable terms across our strategic endeavors, even accelerating our top-line. To elaborate further, our U.S. commercial capabilities are primed to scale up for bolt-on creative products and new partnerships. Our fixed costs are also optimized, and we anticipate ongoing future leverage as we increase the intrinsic value of Theratechnologies. Additionally, we can confidently move forward with the 2024 launch plans of our approved commercial products.

Let's take a closer look at our HIV business. For fiscal year 2023, we are tightening our guidance expecting to finish the year with revenues of $82 million to $85 million. Our top-line has recovered and we report third quarter revenues of $21 million, up from a very difficult second quarter that was impacted by buildup of inventory as previously discussed.

In the third quarter, new prescription growth continued on a strong path, and we expect results to follow in Q4 of this year and into next year. 

 

Comment by palinc2000 on Oct 27, 2023 10:54am
More from the transcript of the CC a month ago This is also Paul speaking And therefore, we would not hesitate for the right agent to build another field force because we do have the infrastructure in sales, marketing, medical and the back office to take on bolt-on initiatives And that is why we're so happy now that we were able to renegotiate some of the covenants with Marathon. We've ...more  
Comment by palinc2000 on Oct 27, 2023 11:01am
My word is my bond!!!! I wish that was shared by ThTX C Suite
Comment by palinc2000 on Oct 27, 2023 11:20am
The SP would be substantially higher if they had been straight forward along the way....  I hate half truths.....
Comment by PWIB123 on Oct 27, 2023 11:43am
100%.  There's no integrity over there.  I saw it several times before.  I should have stuck to my principles and sold on that single leadership flaw alone.  I was greedy and hoping for oncology to be a blockbuster opportunity, so I looked past the leadership.  Lots of excuses made for these guys.  Those are clearly proving to have been unwarranted.  
Comment by PinnacleX on Oct 27, 2023 3:48pm
ITs not greed, its human nature, we turn into a deer in the headlights we freeze and do nothing.  I still have some , but sold alot on the way down as I noticed the lies and deciet from this garbage run company.  
Comment by Bucknelly21 on Oct 27, 2023 11:09am
Paul and Phillips are both full of shite 
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

Dealroom for high-potential pre-IPO opportunities