NASDAQ$ACAD

ACADIA Pharmaceuticals Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Acadia delivered strong financial results driven by NUPLAZID sales and made advancements in Phase 3 programs.

Acadia Pharmaceuticals reported strong financial results for Q4 2020, driven by robust sales of NUPLAZID. The company is focused on continued growth of NUPLAZID and the potential approval and launch of pimavanserin for dementia-related psychosis in 2021.

  • NUPLAZID net sales increased by 23% compared to Q4 2019.
  • Research and development expenses increased compared to the same period in 2019.
  • Selling, general and administrative expenses increased compared to the same period in 2019.
  • The FDA approved a label update to allow the NUPLAZID capsule to be sprinkled on certain foods.

Headline financials

Total Revenue

$121M

Previous: $98.3M+23.1%
EPS (adj)

-$0.42

Previous: -$0.34-23.5%
Capital Expenditures

$2M

No prior period
Free Cash Flow

-$29.5M

No prior period
Net Income

-$66.8M

Previous: -$53M-25.9%
Operating Income

-$67.2M

Previous: -$56.4M-19.1%
Gross Profit

$116M

No prior period
Cash & Equivalents

$632M

Previous: $697M-9.4%
Total Assets

$783M

No prior period
Stock-Based Comp

$21.2M

No prior period

Revenue & EPS history

ACADIA · Revenue · Quarterly

$121M

Q4 2020+23.1%vs Q4 2019
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

ACADIA · $121M total across 1 segment · Q4 2020

  • NUPLAZID
    $121M+23.1%

Forward guidance

Acadia provided net sales guidance for NUPLAZID in Parkinson’s disease psychosis (PDP) of $510 to $550 million. GAAP R&D guidance of $300 to $320 million and GAAP SG&A guidance of $560 to $590 million.

Tailwinds

  • Net sales guidance for NUPLAZID in Parkinson’s disease psychosis (PDP) of $510 to $550 million.
  • GAAP R&D guidance of $300 to $320 million reflects the progression of candidates in five clinical indications this year.
  • GAAP R&D guidance includes approximately $30 million of share-based compensation expense.
  • GAAP SG&A guidance of $560 to $590 million reflects a similar level of investment to 2020 in PDP activities, together with additional investments associated with a potential DRP launch.
  • GAAP SG&A guidance includes approximately $60 million of share-based compensation expense.

Headwinds

  • As this is the potential launch year for dementia-related psychosis (DRP), the Company is not including revenue projections for DRP in 2021 net sales guidance.

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 Q4 2020

Historical avgQ4 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro