NASDAQ$ADMA

ADMA Biologics Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

ADMA Biologics surpassed financial expectations and delivered earnings growth in Q1 2024.

ADMA Biologics reported a strong first quarter in 2024, marked by a 44% increase in total revenue, achieving $81.9 million. The company's net income reached $17.8 million, and adjusted EBITDA was $26.4 million, reflecting significant year-over-year growth and leading to increased financial guidance for 2024 and 2025.

  • Total revenue for Q1 2024 reached $81.9 million, a 44% increase year-over-year.
  • GAAP net income for Q1 2024 was $17.8 million, a $24.6 million increase year-over-year.
  • Adjusted EBITDA for Q1 2024 was $26.4 million, a 970% increase year-over-year.
  • FY 2024 and 2025 total revenue and net income guidance were increased.

Headline financials

Total Revenue

$81.9M

Previous: $56.9M+43.9%
EPS

$0.08

Previous: -$0.03+366.7%
Adjusted EBITDA

$26.4M

Previous: $2.47M+969.9%
Adjusted Net Income

$17.8M

No prior period
Capital Expenditures

-$2.35M

Previous: -$1.94M-20.7%
Free Cash Flow

$15.5M

Previous: -$8.73M+277.0%
Net Income

$17.8M

Previous: -$6.79M+362.3%
Operating Income

$21.8M

Previous: -$813K+2783.0%
Gross Profit

$39.1M

Previous: $16.5M+136.8%
Cash & Equivalents

$45.3M

Previous: $69.2M-34.5%
Total Assets

$351M

Previous: $341M+3.0%
R&D Expense

$450K

No prior period
Stock-Based Comp

$2.14M

Previous: $1.11M+92.9%

Revenue & EPS history

ADMA Biologics · Revenue · Quarterly

$81.9M

Q1 2024+43.9%vs Q1 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

ADMA Biologics · $122M total across 1 segment · Q2 2025

  • ADMA BioManufacturing
    $122M—

Forward guidance

ADMA Biologics increased its financial guidance for fiscal years 2024 and 2025, expecting higher total revenue, net income, and adjusted EBITDA.

Tailwinds

  • FY 2024 total revenue is expected to be more than $355 million.
  • FY 2025 total revenue is expected to be more than $410 million.
  • FY 2024 net income is expected to exceed $85 million.
  • FY 2025 net income is expected to exceed $135 million.
  • FY 2024 Adjusted EBITDA is anticipated to exceed $110 million.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+2.5%

Avg return

Earnings day

+3.7%

Avg return

5 days after

+6.4%

Avg return

30 days after

50%

20 / 40 earnings

Positive

+39.4%

Q2 2024

Best reaction

-17.4%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
Q1 2026-1.7%-23.1%-22.2%
Q4 2025-3.6%+4.5%-41.0%
Q3 2025-8.4%+4.3%+29.1%
Q1 2025-10.2%-15.8%-12.7%
Q4 2024+7.5%+7.5%+22.9%
Q3 2024+15.0%+10.7%+0.8%
Q2 2024+39.4%+50.8%+42.0%
Q1 2024+28.4%+33.5%+52.6%
Q4 2023-2.9%+3.6%+19.6%
Q3 2023+3.8%+1.4%+0.5%
Q2 2023+4.1%+11.4%-7.2%
Q1 2023+14.1%+20.7%+10.1%
Q4 2022+10.3%+6.6%+18.9%
Q3 2022+20.7%+26.8%+36.0%
Q2 2022+9.9%+18.7%+40.4%
Q1 2022+4.3%+16.1%+20.5%
Q4 2021+11.6%+25.3%+36.3%
Q3 2021+12.0%+9.2%-6.3%
Q2 2021-1.9%-6.5%-22.7%
Q1 2021-6.4%+0.0%+5.2%
Q4 2020-8.6%-13.6%-4.0%
Q3 2020-10.7%-15.0%-6.5%
Q2 2020-15.1%-9.8%-34.1%
Q1 2020-17.4%-15.8%-6.2%
Q4 2019-6.5%-13.4%+18.2%
Q3 2019-12.1%-14.6%-16.0%
Q2 2019+3.9%+15.2%+40.3%
Q1 2019+7.7%-1.0%-21.3%
Q4 2018+0.0%+7.9%+25.4%
Q3 2018-8.7%-11.3%-17.7%
Q2 2018-4.1%-6.5%+0.3%
Q1 2018+5.8%+9.0%-4.0%
Q4 2017-0.3%+10.5%+26.8%
Q3 2017-6.8%-2.0%+35.1%
Q2 2017+1.7%+4.8%+17.9%
Q1 2017+0.7%-8.3%-18.4%
Q4 2016-0.6%-5.0%+0.8%
Q3 2016+17.9%+17.0%-3.3%
Q2 2016+6.4%-9.2%-7.2%
Q4 2014+0.0%——
Q2 2013———
Q1 2013———
Q4 2012———
Q3 2012———
Q2 2012———
Q1 2012———
Q4 2011———
Q3 2011———
Q2 2011———
Q1 2011———
Q4 2010———
Q3 2010———
Q2 2010———
Q1 2010———

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