NASDAQ$ADMA

ADMA Biologics Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

ADMA Biologics demonstrated strong financial performance in Q3 2024, marked by significant revenue growth and increased profitability.

ADMA Biologics reported a substantial increase in revenue and net income for Q3 2024. Total revenue grew by 78% year-over-year to $119.8 million, while GAAP net income increased by 1,300% to $35.9 million. The company also raised its full-year revenue, net income, and adjusted EBITDA guidance for 2024 and 2025.

  • Total revenue increased by 78% year-over-year, reaching $119.8 million.
  • GAAP net income grew by 1,300% year-over-year, amounting to $35.9 million.
  • Adjusted EBITDA increased by 256% year-over-year, totaling $45.4 million.
  • Full-year revenue and earnings guidance for 2024 and 2025 was raised.

Headline financials

Total Revenue

$120M

Previous: $67.3M+78.1%
EPS

$0.15

Previous: $0.01+1400.0%
Adjusted EBITDA

$45.4M

Previous: $12.7M+255.8%
Adjusted Net Income

$35.9M

No prior period
Capital Expenditures

-$5.47M

Previous: -$3.57M-53.0%
Free Cash Flow

$30.4M

Previous: -$1.01M+3117.7%
Net Income

$35.9M

Previous: $2.57M+1299.9%
Operating Income

$39.6M

Previous: $8.69M+356.4%
Gross Profit

$59.7M

Previous: $24.7M+142.0%
Cash & Equivalents

$86.7M

Previous: $74.2M+16.9%
Total Assets

$391M

Previous: $349M+11.9%
R&D Expense

$412K

Previous: $596K-30.9%
Stock-Based Comp

$3.18M

Previous: $1.7M+87.6%

Revenue & EPS history

ADMA Biologics · Revenue · Quarterly

$120M

Q3 2024+78.1%vs Q3 2023
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Forward guidance

ADMA Biologics raised its financial guidance for fiscal years 2024 and 2025, expecting revenue to exceed $415 million and $465 million, respectively, and GAAP net income to exceed $120 million and $165 million, respectively. Adjusted EBITDA is projected to exceed $160 million and $215 million for the same periods.

Tailwinds

  • Total revenue is now expected to be more than $415 million for FY 2024.
  • Total revenue is now expected to be more than $465 million for FY 2025.
  • GAAP net income is now expected to exceed $120 million for FY 2024.
  • GAAP net income is now expected to exceed $165 million for FY 2025.
  • Adjusted EBITDA is now expected to exceed $160 million for FY 2024.

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 2024

Historical avgQ3 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
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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