Innoviva, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 85.84 million compared to USD 65.8 million a year ago. Net income was USD 61.53 million compared to net loss of USD 68.31 million a year ago. Basic earnings per share from continuing operations was USD 0.97 compared to basic loss per share from continuing operations of USD 0.98 a year ago. Diluted earnings per share from continuing operations was USD 0.76 compared to diluted loss per share from continuing operations of USD 0.98 a year ago.
For the full year, revenue was USD 310.46 million compared to USD 331.34 million a year ago. Net income was USD 179.72 million compared to USD 213.92 million a year ago. Basic earnings per share from continuing operations was USD 2.75 compared to USD 3.07 a year ago. Diluted earnings per share from continuing operations was USD 2.2 compared to USD 2.37 a year ago.