Record Revenue Growth
Total revenues for the quarter were $36.3 million, a 92% increase compared to $18.8 million for the September 2024 quarter. Revenues for the first six months of fiscal 2026 were $76.5 million, a 103% increase compared to $37.7 million for the same period last year.
Strong Operating Profit and Cash Flow
Operating profits for the quarter were $8.2 million, a 136% increase from $4.7 million in the September 2024 quarter. Operating cash flow for the six months was $19.9 million, a 333% increase compared to $4.6 million for the same period last year.
Increased Market Share for Key Products
Elite maintained an 8% market share for Lisdexamfetamine and a 19% market share for amphetamine IR, according to internal data. The company also commands a 30% market share for phendimetrazine.
Strengthened Balance Sheet
Working capital increased by 63% to $75 million, with current assets rising from $58 million to $86 million and current liabilities decreasing from $11.8 million to $10.7 million.
Expansion and Pipeline Progress
Elite plans to launch Ropinirole ER in Q2 and has a pending review for Oxy ER by the FDA. The company also plans to file an ANDA for an anticoagulant generic in Q1 2026.