NASDAQ$ALKS

Alkermes plc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Alkermes reported strong first-quarter financial results driven by proprietary product net sales and disciplined cost management.

Alkermes plc reported first-quarter 2023 financial results, with total revenues of $287.6 million. The company saw strong performance in its proprietary product portfolio, with a 25% increase in net sales year-over-year. Alkermes is reiterating its financial expectations for 2023 and is progressing with the planned separation of its oncology business.

  • First Quarter Revenues of $287.6 Million Reflect Strong Performance of Proprietary Product Portfolio.
  • GAAP Loss per Share of $0.25 and Basic and Diluted Non-GAAP Earnings per Share of $0.01.
  • Planned Separation of Oncology Business Expected to be Completed in Second Half of 2023.
  • Financial Expectations for 2023 Reiterated.

Headline financials

Total Revenue

$288M

Previous: $279M+3.2%
EPS (adj)

$0.01

Previous: $0.12-91.7%
Capital Expenditures

-$6.86M

Previous: -$7.79M+11.9%
Free Cash Flow

-$48.7M

Previous: -$43.7M-11.5%
Net Income

-$41.8M

Previous: -$35.9M-16.6%
Operating Income

-$47.5M

Previous: -$26.6M-78.6%
Gross Profit

$229M

Previous: $223M+2.7%
Cash & Equivalents

$321M

Previous: $283M+13.7%
Total Assets

$1.92B

Previous: $1.98B-2.8%
Stock-Based Comp

$22.6M

Previous: $18.3M+23.4%

Revenue & EPS history

Alkermes · Revenue · Quarterly

$288M

Q1 2023+3.2%vs Q1 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Alkermes · $215M total across 3 segments · Q1 2023

  • VIVITROL
    $96.7M+13.9%
  • ARISTADA
    $80.1M+10.5%
  • LYBALVI
    $38M+173.4%

Forward guidance

Alkermes reiterates its financial expectations for 2023, as set forth in its press release dated Feb. 16, 2023.

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 Q1 2023

Historical avgQ1 2023

-0.6%

Avg return

Earnings day

-0.0%

Avg return

5 days after

-0.5%

Avg return

30 days after

45%

27 / 60 earnings

Positive

+16.6%

Q4 2017

Best reaction

-14.8%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.2%+2.5%+27.0%
Q4 2025-6.6%-9.4%-12.0%
Q3 2025+3.9%+3.3%+0.0%
Q1 2025+6.3%+5.5%+6.4%
Q4 2024+4.8%+12.3%+6.5%
Q3 2024-6.3%-5.1%+3.3%
Q2 2024+12.2%+11.7%+11.8%
Q1 2024-2.8%-1.8%-4.6%
Q4 2023+15.0%+8.6%+2.7%
Q3 2023-2.4%-4.0%-3.7%
Q2 2023-1.8%-5.1%-11.9%
Q1 2023-7.1%-6.1%-3.9%
Q4 2022+4.0%+2.9%-3.6%
Q3 2022+3.8%+0.3%+12.2%
Q2 2022-9.7%-14.4%-16.5%
Q1 2022+9.8%+6.4%+12.5%
Q4 2021+8.8%+7.6%+12.1%
Q3 2021-8.2%-5.0%-28.7%
Q2 2021+5.9%+11.6%+28.9%
Q1 2021-3.2%-1.6%+0.8%
Q4 2020-11.8%-13.7%-15.3%
Q3 2020+5.6%+5.9%+20.2%
Q2 2020-8.8%-7.4%-19.0%
Q1 2020-14.8%-14.7%+1.6%
Q4 2019-7.0%-7.8%-15.5%
Q3 2019+5.7%+6.0%+13.9%
Q2 2019-10.2%+1.2%-12.3%
Q1 2019-12.2%-12.7%-31.1%
Q4 2018-1.2%+3.6%+3.3%
Q3 2018+3.0%+6.5%-11.6%
Q2 2018-0.1%-0.3%+2.0%
Q1 2018+1.5%+1.4%+3.9%
Q4 2017+16.6%+23.0%+12.0%
Q3 2017+0.7%-1.5%+3.2%
Q2 2017-4.1%-5.4%-12.4%
Q1 2017+2.0%+2.4%+1.0%
Q4 2016-2.9%-4.6%+3.7%
Q3 2016-1.4%+4.0%+8.4%
Q2 2016-3.6%-6.0%-14.1%
Q1 2016-2.0%
Q4 2015-1.4%
Q3 2015+7.6%
Q2 2015+2.4%
Q1 2015+3.1%
Q4 2014-3.4%
Q3 2014+7.7%
Q2 2014-7.2%
Q1 2014+3.2%
Q4 2013-7.7%
Q3 2013-3.7%
Q2 2013+3.5%
Q1 2013+3.9%
Q4 2010-1.0%
Q4 2012-9.9%
Q3 2012+2.2%
Q3 2011+2.2%
Q2 2011-7.7%
Q2 2012-7.7%
Q4 2011-7.7%
Q2 2010-3.0%

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