NASDAQ$ADMA

ADMA Biologics Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

ADMA Biologics experienced significant revenue growth, improved gross margins, and narrowed net losses in Q2 2022.

ADMA Biologics reported a 90% year-over-year increase in total revenue, reaching $33.9 million for Q2 2022. The company's gross profit increased to $7.8 million, and net losses were narrowed to $13.8 million. ADMA anticipates total 2022 revenues will exceed $130 million.

  • Total revenues increased by 90% year-over-year to $33.9 million in Q2 2022.
  • Gross profit grew to $7.8 million, driven by higher margin products.
  • Net losses narrowed to $13.8 million, reflecting improved gross margins.
  • The company expects total 2022 revenues to exceed $130 million.

Headline financials

Total Revenue

$33.9M

Previous: $17.8M+90.2%
EPS (adj)

-$0.07

Previous: -$0.14+50.0%
Gross Margin

23.0%

No prior period
Capital Expenditures

-$6.78M

Previous: -$7.05M+3.8%
Free Cash Flow

-$20.5M

Previous: -$26M+20.8%
Net Income

-$13.8M

Previous: -$18.9M+27.2%
Operating Income

-$9.17M

Previous: -$15.6M+41.1%
Gross Profit

$7.77M

Previous: -$1M+875.4%
Cash & Equivalents

$52.4M

Previous: $42.4M+23.6%
Total Assets

$297M

Previous: $233M+27.5%
Stock-Based Comp

$1.19M

Previous: $805K+47.9%

Revenue & EPS history

ADMA Biologics · Revenue · Quarterly

$33.9M

Q2 2022+90.2%vs Q2 2021
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Forward guidance

ADMA anticipates total 2022 revenues will exceed $130 million. The company continues to anticipate generating approximately $250 million or more in topline revenue in 2024, and approximately $300 million or more thereafter. ADMA continues to forecast achieving corporate gross margins in the range of 40-50% and net income margins in the range of 20-30%.

Tailwinds

  • Total 2022 revenues are expected to exceed $130 million.
  • Continued gross profit expansion is expected as 2022 progresses.
  • Net losses are expected to narrow as 2022 progresses.
  • Revenue of $250 million or more is anticipated in 2024.
  • Revenue of $300 million or more is anticipated thereafter.

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 2022

Historical avgQ2 2022

+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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