NASDAQ$AMPH

Amphastar Pharmaceuticals Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported net revenues of $84.7 million and GAAP net income of $3.9 million for the first quarter.

Amphastar Pharmaceuticals reported a strong first quarter in 2020, with net revenues of $84.7 million and GAAP net income of $3.9 million, driven by strong sales of Primatene® Mist and hospital products.

  • Net revenues reached $84.7 million for the first quarter.
  • GAAP net income was $3.9 million, or $0.08 per share, for the first quarter.
  • Adjusted non-GAAP net income amounted to $8.4 million, or $0.17 per share, for the first quarter.
  • Increased sales of Primatene® Mist were driven by successful marketing and pantry loading due to COVID-19.

Headline financials

Total Revenue

$84.7M

Previous: $79.8M+6.1%
EPS (adj)

$0.17

Previous: $0.10+70.0%
Capital Expenditures

-$8.01M

Previous: -$14.7M+45.7%
Free Cash Flow

-$4.06M

Previous: -$13.9M+70.8%
Net Income

$3.95M

Previous: $868K+355.0%
Operating Income

$7.48M

Previous: -$3.17M+335.8%
Gross Profit

$36.8M

Previous: $30.9M+19.2%
Cash & Equivalents

$54.8M

Previous: $79.1M-30.7%
Total Assets

$573M

Previous: $545M+5.2%
Stock-Based Comp

$5.28M

Previous: $4.67M+13.0%

Revenue & EPS history

Amphastar · Revenue · Quarterly

$84.7M

Q1 2020+6.1%vs Q1 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Amphastar · $27.5M total across 3 segments · Q1 2020

  • Primatene MIST®
    $12.9M+344.5%
  • Lidocaine
    $10.7M-11.0%
  • Epinephrine
    $3.99M+48.9%

Forward guidance

The financial results for the three months ended March 31, 2020, were not significantly impacted by the COVID-19 pandemic, except for the increased sales of Primatene® Mist and some hospital products. It is not possible at this time to estimate the impact that COVID-19 could have on our business, as the impact will depend on future developments, which are highly uncertain and cannot be predicted.

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 2020

Historical avgQ1 2020

+0.4%

Avg return

Earnings day

-1.1%

Avg return

5 days after

+1.3%

Avg return

30 days after

52%

27 / 52 earnings

Positive

+14.3%

Q3 2016

Best reaction

-23.8%

Q1 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.4%-26.8%-17.4%
Q4 2025-23.5%-24.7%-28.2%
Q3 2025-4.4%+7.3%+5.8%
Q1 2025+0.9%-2.3%+6.4%
Q4 2024-9.7%-10.9%-9.7%
Q3 2024-10.6%-5.8%-15.1%
Q2 2024+11.8%+9.8%+15.2%
Q1 2024-0.8%-0.9%-4.8%
Q4 2023-16.0%-15.8%-20.8%
Q3 2023+13.9%+16.4%+23.4%
Q2 2023-1.4%-13.3%-18.8%
Q1 2023+13.1%+14.3%+26.0%
Q4 2022+12.6%+11.2%+16.1%
Q3 2022-8.3%-4.9%-0.9%
Q2 2022-12.8%-14.0%-22.6%
Q1 2022+3.9%+8.0%+17.1%
Q4 2021+14.0%+15.4%+36.7%
Q3 2021+3.4%+6.1%+6.0%
Q2 2021+0.0%-3.5%-7.8%
Q1 2021+4.1%+5.7%+4.7%
Q4 2020-4.8%-6.7%-10.1%
Q3 2020-7.9%-5.3%-8.1%
Q2 2020-4.5%-5.7%-5.5%
Q1 2020+8.4%+6.9%+12.6%
Q4 2019-7.3%-5.2%+7.6%
Q3 2019-3.5%-7.6%-0.8%
Q2 2019+7.7%+5.5%+10.5%
Q1 2019-0.4%-6.7%-10.7%
Q4 2018-12.8%-14.7%-11.6%
Q3 2018+12.2%+10.2%+14.2%
Q2 2018-3.5%-1.0%+8.3%
Q1 2018-23.8%-16.1%-13.2%
Q4 2017+6.3%+4.0%+0.4%
Q3 2017+5.1%-0.2%+3.2%
Q2 2017-2.4%-5.6%+0.3%
Q1 2017-1.8%+8.1%+13.0%
Q4 2016-16.6%-6.0%+1.0%
Q3 2016+14.3%+16.6%+11.2%
Q2 2016+12.4%+13.3%+19.2%
Q1 2016+10.8%
Q4 2015+11.9%
Q3 2015+10.7%
Q2 2015-2.6%
Q1 2014+0.4%
Q1 2015+7.0%
Q4 2012+7.0%
Q1 2013+7.0%
Q4 2014-6.1%
Q3 2014+7.0%
Q2 2013-0.7%
Q4 2013-0.7%
Q2 2014+1.5%
Q3 2013

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