Revenue and EBITDA Exceed Expectations
Second quarter revenues of $141 million exceeded the guidance range of $95 million to $120 million by $21 million. Adjusted EBITDA for the second quarter was $29 million, an increase of $39 million compared to negative $10 million the prior year.
Improved Financial Position
Year-to-date liquidity increased by $297 million, with an access to $367 million for growth opportunities. Net leverage improved significantly to 1.9x debt-to-adjusted EBITDA, down from 9.9x in the second quarter of 2024.
NARCAN Sales Rebound
NARCAN sales saw a 50% increase in revenue in the second quarter as compared to the first quarter of 2025, following a one-time disruption.
Inclusion in Russell 3000 Index
Emergent's stock rebounded to qualify for inclusion in the Russell 3000 Index, showcasing improved market sentiment and financial health.
MCM International Sales Growth
International medical countermeasure sales represent 40% of year-to-date revenues, highlighting strong performance and strategic focus on global markets.