NASDAQ$ACAD

ACADIA Pharmaceuticals Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported a net sales increase of 32% for NUPLAZID compared to Q2 2019 and updated NUPLAZID net sales guidance for 2020.

ACADIA Pharmaceuticals reported a net sales of $110.1 million for NUPLAZID in Q2 2020, a 32% increase compared to Q2 2019. The company updated its NUPLAZID net sales guidance for 2020 to $430 to $450 million.

  • NUPLAZID net sales were $110.1 million, a 32% increase over Q2 2019.
  • FDA filed the supplemental NDA for pimavanserin for dementia-related psychosis with a PDUFA action date of April 3, 2021.
  • ADVANCE-2, a Phase 3 study evaluating pimavanserin for negative symptoms of schizophrenia, was initiated.
  • GAAP R&D and SG&A guidance were decreased, and year-end cash, cash equivalents, and investment securities are expected to be $570 to $590 million.

Headline financials

Total Revenue

$110M

Previous: $83.2M+32.3%
EPS (adj)

-$0.27

Previous: -$0.38+28.9%
Capital Expenditures

-$3.87M

Previous: -$842K-359.3%
Free Cash Flow

-$46M

Previous: -$55.8M+17.5%
Net Income

-$42.1M

Previous: -$54.9M+23.3%
Operating Income

-$44M

Previous: -$57.1M+22.9%
Gross Profit

$107M

Previous: $80.2M+33.6%
Cash & Equivalents

$659M

No prior period
Total Assets

$760M

No prior period

Revenue & EPS history

ACADIA · Revenue · Quarterly

$110M

Q2 2020+32.3%vs Q2 2019
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

ACADIA · $110M total across 1 segment · Q2 2020

  • NUPLAZID
    $110M+32.3%

Forward guidance

ACADIA provided financial guidance for 2020, including NUPLAZID net sales, GAAP R&D and SG&A expenses, non-cash stock-based compensation expense, and year-end cash, cash equivalents, and investment securities.

Tailwinds

  • NUPLAZID net sales guidance is updated to $430 to $450 million.
  • GAAP R&D guidance is decreased to $265 to $280 million.
  • GAAP SG&A guidance is decreased to $400 to $420 million.
  • Non-cash stock-based compensation expense guidance of $90 to $100 million is unchanged.
  • 2020 year-end cash, cash equivalents, and investment securities is expected to be $570 to $590 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

-0.9%

Avg return

Earnings day

-0.4%

Avg return

5 days after

-1.6%

Avg return

30 days after

42%

27 / 65 earnings

Positive

+23.7%

Q3 2016

Best reaction

-22.9%

Q4 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.9%-2.5%-3.6%
Q4 2025-1.4%-9.9%-16.9%
Q3 2025-2.9%+6.2%+22.9%
Q1 2025+14.4%+16.1%+48.4%
Q4 2024+1.8%-3.9%-10.2%
Q3 2024+14.7%+21.8%+15.2%
Q2 2024-17.6%-15.1%-11.9%
Q1 2024-11.8%-12.0%-13.7%
Q4 2023-8.3%-7.3%-28.6%
Q3 2023+5.0%+2.5%-1.4%
Q2 2023-6.0%-7.4%-4.0%
Q1 2023-2.3%-2.1%+12.3%
Q4 2022+9.4%+7.5%+0.3%
Q3 2022-6.6%-8.6%-0.6%
Q2 2022-1.3%-0.2%+2.5%
Q1 2022-4.9%-17.3%-9.6%
Q4 2021-2.2%-6.2%-4.8%
Q3 2021+7.7%+3.1%+8.8%
Q2 2021-11.0%-11.4%-22.4%
Q1 2021+7.3%+7.7%+21.4%
Q4 2020-4.9%-0.4%-48.0%
Q3 2020+4.2%+7.4%+16.4%
Q2 2020+0.3%-5.1%-12.1%
Q1 2020+5.3%+2.5%-5.3%
Q4 2019-3.9%+7.6%-4.5%
Q3 2019+0.4%+0.4%+7.2%
Q2 2019+14.7%+14.4%+10.6%
Q1 2019+6.0%+11.4%-0.2%
Q4 2018+7.5%+12.0%+12.2%
Q3 2018-7.7%-12.9%-12.7%
Q2 2018-2.0%+0.7%-1.1%
Q1 2018+15.6%+15.8%+14.3%
Q4 2017-22.9%-26.8%-30.5%
Q3 2017-9.6%-12.1%-7.6%
Q2 2017+8.6%+2.1%+17.1%
Q1 2017-8.6%-8.7%-17.8%
Q4 2016-8.1%-7.4%-14.4%
Q3 2016+23.7%+32.8%+24.9%
Q2 2016-1.8%-10.3%-15.0%
Q1 2016+0.4%
Q4 2015+2.2%
Q3 2015-13.1%
Q2 2015-17.8%
Q1 2015+3.2%
Q4 2014+1.5%
Q3 2014-0.7%
Q2 2014+3.1%
Q1 2014-8.4%
Q4 2013-4.8%
Q3 2013-7.8%
Q2 2013-5.6%
Q1 2013-4.4%
Q4 2012-6.0%
Q3 2012+11.0%
Q2 2012-0.7%
Q1 2012+0.0%
Q4 2011+0.6%
Q4 2009+0.6%
Q3 2011-5.0%
Q4 2010-2.9%
Q2 2011-2.9%
Q1 2011-4.1%
Q3 2010+1.4%
Q2 2010-7.5%
Q1 2010+11.5%

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