NASDAQ$ADMA

ADMA Biologics Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

ADMA Biologics reported Q4 2020 financial results, showing revenue increase and a net loss.

ADMA Biologics reported a revenue of $14.0 million for the quarter ended December 31, 2020, representing a 16% increase compared to the same period in 2019. The company's net loss for the quarter was $19.4 million, or $(0.20) per share.

  • Total revenues for Q4 2020 were $14.0 million, a 16% increase compared to Q4 2019.
  • The revenue growth was favorably impacted by the continued commercial ramp up of the IVIG product portfolio.
  • Consolidated net loss for Q4 2020 was $19.4 million, or $(0.20) per basic and diluted share.
  • Year-end 2020 assets totaled $207.7 million.

Headline financials

Total Revenue

$14M

Previous: $12M+15.9%
EPS (adj)

-$0.21

Previous: -$0.18-16.7%
Capital Expenditures

$3.6M

No prior period
Free Cash Flow

-$35.8M

No prior period
Net Income

-$19.4M

Previous: -$10.6M-83.0%
Operating Income

-$17.2M

No prior period
Gross Profit

-$19.1M

No prior period
Cash & Equivalents

$55.9M

Previous: $26.8M+108.6%
Total Assets

$208M

No prior period
Stock-Based Comp

$688K

No prior period

Revenue & EPS history

ADMA Biologics · Revenue · Quarterly

$14M

Q4 2020+15.9%vs Q4 2019
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

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

  • ADMA BioManufacturing
    $122M—

Forward guidance

ADMA Biologics provided first-time peak annual revenue guidance of $250 million or greater expected to be achieved in 2024 and additionally committed to reaching profitability no later than the first quarter of 2024.

Tailwinds

  • Anticipates Having 10 or More Plasma Collection Centers in Operation by 2024
  • ADMA Biologics provided first-time peak annual revenue guidance of $250 million or greater expected to be achieved in 2024
  • Committed to reaching profitability no later than the first quarter of 2024
  • Significantly growing inventories to a year-end balance of $81.5 million
  • Building on the momentum created by 2020’s achievements across all of our business segments

Headwinds

  • Unprecedented health and economic challenges due to the pandemic
  • Increased cost of product revenue of $7.4 million
  • Increases in selling, general and administrative expenses of $2.3 million
  • A $0.5 million increase in research and development expenses
  • Increased net loss additionally includes $1.1 million in higher plasma center operating expenses

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 Q4 2020

Historical avgQ4 2020

+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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