Akorn Inc. - what the street is expecting for tomorrow

Akorn Inc. (NASDAQ: AKRX) is scheduled to release earnings for the 1Q 07 on Monday May 7 at 4:00 pm (EST). The conference call is scheduled to begin at 5:00 pm. Below is a brief review of what the street is expecting for the first quarter:

• Revenue of US$12.0 million, gross margin of 37.5%
• Net income of US$(3.0) million
• EPS of US$(0.04)

Much has changed since the first quarter of 2006, however, during the same period the company posted US$29.7 million in revenue and US$0.04 of EPS. The company is forecasted to post revenues of US$84.7 million and EPS of US$0.00 for 2007 versus revenues of US$71.3 million and EPS of US$(0.09) for 2006.