NASDAQ$ACAD

ACADIA Pharmaceuticals Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported a net sales increase of 9% compared to Q3 2020, driven by volume growth across all channels.

Acadia Pharmaceuticals reported Q3 2021 net sales of $131.6 million, a 9% increase over Q3 2020. The company is scheduled to meet with the FDA to discuss next steps towards a resubmission of the pimavanserin sNDA.

  • Net sales of NUPLAZID were $131.6 million, a 9% increase compared to Q3 2020.
  • Scheduled meeting with the FDA to discuss additional analyses supporting a potential resubmission of the pimavanserin sNDA.
  • Top-line results from the Phase 3 LAVENDER study evaluating trofinetide for the treatment of Rett syndrome are expected in the fourth quarter of 2021.
  • Top-line results from the Phase 2 study of ACP-044 for the treatment of postoperative pain following bunionectomy surgery are expected in the first quarter of 2022.

Headline financials

Total Revenue

$132M

Previous: $121M+9.2%
EPS (adj)

-$0.09

Previous: -$0.54+83.3%
Capital Expenditures

-$1.12M

Previous: -$5.59M+79.9%
Free Cash Flow

-$15.6M

Previous: -$90.2M+82.7%
Net Income

-$14.5M

Previous: -$84.7M+82.9%
Operating Income

-$15.3M

Previous: -$85.9M+82.2%
Gross Profit

$128M

Previous: $119M+7.9%
Cash & Equivalents

$540M

Previous: $644M-16.2%
Total Assets

$718M

No prior period
Stock-Based Comp

$15.5M

No prior period

Revenue & EPS history

ACADIA · Revenue · Quarterly

$132M

Q3 2021+9.2%vs Q3 2020
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

ACADIA · $132M total across 1 segment · Q3 2021

  • NUPLAZID
    $132M+9.2%

Forward guidance

Acadia narrowed its NUPLAZID net sales guidance to $480 to $500 million, decreased GAAP R&D guidance to $230 to $245 million, and narrowed GAAP SG&A guidance to $385 to $405 million.

Tailwinds

  • NUPLAZID net sales guidance is narrowed to $480 to $500 million from the previous range of $480 to $515 million.
  • GAAP R&D is decreased to $230 to $245 million from the previous range of $250 to $270 million.
  • Current R&D guidance includes approximately $25 million of stock-based compensation expense.
  • GAAP SG&A guidance is narrowed to $385 to $405 million from the previous range of $385 to $415 million.
  • Current SG&A guidance includes approximately $45 million of stock-based compensation expense.

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 Q3 2021

Historical avgQ3 2021

-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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