Call Start: 08:30 January 1, 0000 9:52 AM ET
Kamada Ltd. (NASDAQ:KMDA)
Q3 2024 Earnings Conference Call
November 13, 2024, 08:30 AM ET
Company Participants
Brian Ritchie - LifeSci Advisors
Amir London - Executive Officer
Chaime Orlev - Chief Financial Officer
Conference Call Participants
Annabel Samimy - Stifel
Operator
Greetings, and welcome to the Kamada Ltd. Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only-mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce Brian Ritchie, LifeSci Advisors. Thank you. You may begin.
Brian Ritchie
Thank you. This is Brian Ritchie with LifeSci Advisors. Thank you all for participating in today's call. Joining me from Kamada are Amir London, Chief Executive Officer; and Chaime Orlev, Chief Financial Officer.
Earlier today, Kamada announced its financial results for the 3 and 9 months ended September 30, 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 identify 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, November 13, 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. My thanks also to our investors and analysts for your interest in Kamada and for participating in today's call. Let me start my talk by emphasizing that our four pillars of profitable growth strategy, which I described in our last call, are successfully reflected in the strong financial results we delivered in the third quarter and the first 9 months of 2024.
Our business continues to deliver robust profitable growth. During the third quarter, total revenues were $41.7 million, a 10% increase as compared to the same period in 2023 and adjusted EBITDA for the third quarter was $8.8 million, an 11% increase compared to the third quarter of 2023.