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Impax's Second Quarter 2014 Revenues Increased 45% to $188.1 Million
Date:8/6/2014

n>9,29121,96221,002Patent litigation expense

1,7674,3043,9408,582Selling, general and administrative

4,5723,8826,9558,926Total operating expenses

17,08417,47732,85738,510Income from operations

$   89,438$   21,761$ 125,783$   40,921Gross margin

60.4%41.8%55.6%40.6%Adjusted gross profit (1)

$ 117,219$   46,641$ 183,108$ 102,235Adjusted gross margin (1)

66.5%49.6%64.1%52.3%(1) Adjusted gross profit is calculated as total revenues less adjusted cost of revenues. Adjusted gross margin is calculated as adjusted gross profit divided by total revenues. Refer to the "Non-GAAP Financial Measures" for a reconciliation of GAAP to non-GAAP items.Global Product sales, net increased 82.7% to $164.0 million in the second quarter 2014, compared to $89.8 million in the prior year period. The increase was driven by higher sales of several key generic products, includ
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SOURCE Impax Laboratories, Inc.
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