ADMA Biologics' stock experienced a pre-market plunge of 21.63% on Thursday, following the release of its first-quarter financial results.
The specialty biologics maker reported Q1 revenue of $114.5 million, significantly missing the analyst consensus estimate of $141.8 million. Adjusted net income for the quarter was $40.7 million, also falling short of expectations. The company attributed the revenue pressure primarily to a 54% year-over-year decline in BIVIGAM sales, driven by increased competition and distributor ordering variability.
In a move that heightened investor concerns, ADMA Biologics withdrew its long-term financial guidance, citing evolving competitive dynamics in the plasma-derived therapy and immune globulin market. While the company provided fiscal year 2026 revenue guidance, the removal of the longer-term outlook signaled uncertainty about future growth prospects amid heightened market competition.
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