NASDAQ$ADMA

ADMA Biologics Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

ADMA Biologics achieved record revenue growth and narrowed net losses in Q2 2021.

ADMA Biologics reported a record $17.8 million in total revenues for Q2 2021, a 129% increase over the same period in 2020. The company also narrowed its net loss compared to the previous year, driven by increased revenues and improved gross margins. ADMA anticipates exiting 2021 approaching an annualized revenue run rate of approximately $100 million or more.

  • Total revenues increased by 129% to $17.8 million compared to Q2 2020.
  • Net loss narrowed to $18.9 million, or $(0.15) per share, compared to a net loss of $20.2 million, or $(0.23) per share, in Q2 2020.
  • Company anticipates FDA approval of VanRx aseptic fill-finish machine in the second half of 2021.
  • ADMA is on track to operate 10 or more plasma collection centers by 2024.

Headline financials

Total Revenue

$17.8M

Previous: $7.79M+129.0%
EPS (adj)

-$0.14

Previous: -$0.23+39.1%
Capital Expenditures

-$7.05M

Previous: -$6.24M-12.9%
Free Cash Flow

-$26M

Previous: -$13.9M-86.2%
Net Income

-$18.9M

Previous: -$20.2M+6.3%
Operating Income

-$15.6M

Previous: -$17.1M+9.0%
Gross Profit

-$1M

Previous: -$5.71M+82.4%
Cash & Equivalents

$42.4M

Previous: $75.8M-44.0%
Total Assets

$233M

Previous: $193M+20.5%
Stock-Based Comp

$805K

Previous: $716K+12.5%

Revenue & EPS history

ADMA Biologics · Revenue · Quarterly

$17.8M

Q2 2021+129%vs Q2 2020
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

ADMA anticipates exiting 2021 approaching an annualized revenue run rate of approximately $100 million or more and reiterates all previously communicated strategic and financial objectives.

Tailwinds

  • Anticipated benefits from the VanRx aseptic fill-finish machine, including cost efficiencies and contract manufacturing opportunities
  • Expected benefits from the recent implementation of Haemonetics’ Persona® technology combined with our plasma collection network
  • Goal of building and opening new plasma collection centers by 2024
  • Meaningful gross margin improvement
  • Operating efficiencies

Headwinds

  • Risks and uncertainties described in our filings
  • Impact of COVID-19 on the Company’s financial results and business operations
  • Company’s plasma collections and production
  • Our ability to maintain plasma supply
  • The outcome and timing of our BLA application for our new plasma centers and for FDA approval of our VanRx aseptic fill-finish machine

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 2021

Historical avgQ2 2021

+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
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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