NASDAQ$ACAD

ACADIA Pharmaceuticals Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported continued growth in demand for NUPLAZID and advanced trofinetide NDA filing.

Acadia Pharmaceuticals reported Q3 2022 financial results with NUPLAZID net sales of $130.7 million. The company's trofinetide NDA for Rett syndrome was accepted for filing by the FDA.

  • NUPLAZID net sales were $130.7 million in Q3 2022.
  • Sequential demand growth of 2% for NUPLAZID was achieved.
  • Trofinetide NDA for Rett syndrome was accepted for filing by the FDA with a PDUFA action date of March 12, 2023.
  • ADVANCE-2, a Phase 3 study evaluating pimavanserin, expects enrollment to complete around mid-year 2023.

Headline financials

Total Revenue

$131M

Previous: $132M-0.7%
EPS (adj)

-$0.17

Previous: -$0.09-88.9%
Capital Expenditures

$0.00

Previous: -$1.12M+100.0%
Free Cash Flow

-$27.2M

Previous: -$15.6M-74.5%
Net Income

-$27.2M

Previous: -$14.5M-88.0%
Operating Income

-$30.9M

Previous: -$15.3M-101.7%
Gross Profit

$129M

Previous: $128M+0.5%
Cash & Equivalents

$155M

Previous: $540M-71.3%
Total Assets

$602M

Previous: $718M-16.0%
Stock-Based Comp

$18.3M

Previous: $15.5M+17.8%

Revenue & EPS history

ACADIA · Revenue · Quarterly

$131M

Q3 2022-0.7%vs Q3 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

ACADIA · $131M total across 1 segment · Q3 2022

  • NUPLAZID
    $131M-0.7%

Forward guidance

Acadia updated its 2022 financial guidance.

Tailwinds

  • NUPLAZID net sales guidance is updated to $510 to $520 million.
  • GAAP R&D guidance is updated to $345 to $355 million, which includes approximately $25 million of stock-based compensation expense.
  • GAAP SG&A guidance is updated to $365 to $375 million, which 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 2022

Historical avgQ3 2022

-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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