Kamada Ltd. (NASDAQ:KMDA) Q1 2024 Earnings Conference Call May 8, 2024 8:30 AM ET

Company Participants

Brian Ritchie - Investor Relations, LifeSci Advisors, LLC
Amir London - Executive Officer
Chaime Orlev - Chief Financial Officer

Conference Call Participants

Annabel Samimy - Stifel

Operator

Good morning, ladies and gentlemen, and welcome to the Kamada Limited First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct the question-and-answer session [Operator Instructions] This call is being recorded on Wednesday May 8, 2024.

I would now like to turn the conference over to Mr. Brian Ritchie from LifeSci Advisors. Please go ahead, sir.

Brian Ritchie

Thank you. This is Brian Ritchie with LifeSci Advisors, and thank you all for participating in today's call. Joining me from Kamada are Amir London, Executive Officer; and Chaime Orlev, Chief Financial Officer.

Earlier today Kamada announced its financial results for the three months ended March 31, 2024. If you have not received this news release, please go to the Investors page of the company's website at www.kamada.com.

Before we begin, I would like to caution that comments made during this conference call by management will contain forward-looking statements that involve risks and uncertainties regarding the operations and future results of Kamada. I encourage you to review the company's filings with the Securities and Exchange Commission including without limitation the company's Forms 20-F and 6-K, which identifies specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.

Furthermore, the content of this conference call contains time-sensitive information that is accurate only as of the date of the live broadcast Wednesday May 8, 2024. Kamada undertakes no obligation to revise or update any statements to reflect events or circumstances after the date of this conference call.

With that said, it is my pleasure to turn the call over to Amir London CEO. Amir?

Amir London

Thank you Brian. And thanks also to our investors and analysts for your interest in Kamada and for participating in today's call. We are extremely pleased with the strong financial and operational start to 2024 including nearly doubling our profitability as compared to the first quarter of last year.

Importantly based on our strong performance in the first quarter and our expectation for the continued momentum in our business throughout 2024, we are raising our full year 2024 revenue guidance to be between $158 million to $162 million and we are also increasing our adjusted EBITDA guidance to be between $28 million to $32 million.