Catalent details revenue downturn, staff cuts as it looks forward to a brighter 2024
Catalent’s latest SEC filings added detail to the magnitude of the manufacturer’s 2023 revenue downturn, headcount reductions and the impact of reduced demand on its facilities. Only a few weeks ago, the CDMO reaffirmed its full fiscal 2024 guidance in a signal that its financial health might be on the mend.
After several delays, the CDMO on Friday released both its annual report covering the 2023 fiscal year ending June 30 and its quarterly report covering July to September this year.
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