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Last $8.22 USD
Change Today -0.04 / -0.48%
Volume 632.1K
IG On Other Exchanges
Symbol
Exchange
NYSE Amex
Frankfurt
As of 8:04 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

igi laboratories inc (IG) Snapshot

Open
$8.28
Previous Close
$8.26
Day High
$8.60
Day Low
$8.11
52 Week High
03/2/15 - $12.05
52 Week Low
05/1/15 - $4.75
Market Cap
434.5M
Average Volume 10 Days
547.3K
EPS TTM
$-0.30
Shares Outstanding
52.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for IGI LABORATORIES INC (IG)

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igi laboratories inc (IG) Details

IGI Laboratories, Inc., a specialty generic pharmaceutical company, develops, manufactures, and markets topical formulations in the United States. It sells generic pharmaceutical products in topical, injectable, complex, and ophthalmic dosage forms under IGI label. The company also develops, manufactures, fills, and packages topical semi-solid and liquid products for branded and generic pharmaceutical customers, as well as for over-the-counter (OTC) and cosmetic markets. Its products are used in various applications from cosmetics and cosmeceuticals to the prescription treatment of conditions, such as dermatitis, psoriasis, and eczema. In addition, the company offers pharmaceutical contract services comprising formulating, testing, and/or manufacturing prescription drugs and medical devices; and contract development services consisting of developing topical formulations. It has a license agreement with Novavax, Inc. to utilize the Novasome lipid vesicle encapsulation and certain other technologies for applications in animal pharmaceuticals, biologicals, and other animal health products; foods, food applications, nutrients, and flavorings; cosmetics, consumer products, and dermatological OTC and prescription products; fragrances; and chemicals, including herbicides, insecticides, pesticides, paints and coatings, photographic chemicals, and other specialty chemicals. The company was formerly known as IGI, Inc. and changed its name to IGI Laboratories, Inc. in May 2008. IGI Laboratories, Inc. was founded in 1977 and is based in Buena, New Jersey.

81 Employees
Last Reported Date: 03/16/15
Founded in 1977

igi laboratories inc (IG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $713.6K
Chief Financial Officer and Secretary
Total Annual Compensation: $331.3K
Compensation as of Fiscal Year 2014.

igi laboratories inc (IG) Key Developments

IGI Laboratories, Inc. Presents at Avondale Partners Healthcare 1-1 Conference, Aug-11-2015

IGI Laboratories, Inc. Presents at Avondale Partners Healthcare 1-1 Conference, Aug-11-2015 . Venue: Boston Harbor Hotel, Boston, Massachusetts, United States.

IGI Laboratories, Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year Ending December 31, 2015

IGI Laboratories, Inc. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $8,893,000 against $6,483,000 a year ago. Operating loss was $1,911,000 against $281,000 a year ago. Income before income tax expense was $9,376,000 against loss before income tax expense of $333,000 a year ago. Net income was $9,376,000 against net loss of $345,000 a year ago. Diluted loss per share was $0.03 against $0.01 a year ago. EBITDA was $12,755,000 against LBITDA of $164,000 a year ago. Adjusted LBITDA was $1,206,000 against adjusted EBITDA of $126,000 a year ago. Adjusted net loss was $2,740,000 or $0.04 per diluted share against $35,000 or $0.00 per diluted share a year ago. For the six months, the company reported total revenues of $19,564,000 against $13,336,000 a year ago. Operating loss was $813,000 against $62,000 a year ago. Income before income tax expense was $15,931,000 against loss before income tax expense of $166,000 a year ago. Net income was $15,931,000 against net loss of $178,000 a year ago. Diluted loss per share was $0.02 against $0.00 a year ago. Net cash used in operating activities was $5,722,000 against $470,000 a year ago. EBITDA was $22,621,000 against $174,000 a year ago. Adjusted EBITDA was $443,000 against $753,000 a year ago. Adjusted net loss was $2,617,000 or $0.04 per diluted share against adjusted net income of $429,000 or $0.01 per diluted share a year ago. The company expects sequential improvement quarter over quarter in total revenue for the remainder of the year, and therefore still expects total revenue between $35.0 and $40.0 million for the year ended December 31, 2015. The company anticipates sequential improvement in gross margin quarter over quarter for the remainder of the year, and therefore expects gross margin of 45% to 50% for the year ended December 31, 2015. As a result of the expected sequential increase in total revenue in the third and fourth quarters of 2015, the company intends to improve its operating margin to approach break even in the fourth quarter of 2015, sequentially.

IGI Laboratories, Inc. Announces Sixth ANDA Submission of 2015

IGI Laboratories, Inc. announced it has submitted its sixth abbreviated new drug application (ANDA) to the U.S. Food and Drug Administration (FDA) of 2015, which brings the company's total number of ANDA submissions now pending at the FDA to twenty-eight.

 

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Industry Analysis

IG

Industry Average

Valuation IG Industry Range
Price/Earnings 28.7x
Price/Sales 10.9x
Price/Book 5.9x
Price/Cash Flow 20.4x
TEV/Sales 4.5x
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