NASDAQ$AMPH

Amphastar Pharmaceuticals Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported net revenues of $103.0 million and GAAP net income of $5.0 million for the first quarter.

Amphastar Pharmaceuticals reported a strong first quarter with net revenues of $103.0 million, driven by the launch of glucagon and increased sales of Primatene Mist and epinephrine products. GAAP net income was $5.0 million, or $0.10 per share, and adjusted non-GAAP net income was $13.6 million, or $0.27 per share.

  • Net revenues reached $103.0 million.
  • GAAP net income was $5.0 million, or $0.10 per share.
  • Adjusted non-GAAP net income was $13.6 million, or $0.27 per share.
  • The launch of glucagon and strong sales of Primatene Mist and epinephrine products drove growth.

Headline financials

Total Revenue

$103M

Previous: $84.7M+21.6%
EPS (adj)

$0.27

Previous: $0.17+58.8%
Capital Expenditures

-$7.62M

Previous: -$8.01M+4.8%
Free Cash Flow

-$2.58M

Previous: -$4.06M+36.5%
Net Income

$5.04M

Previous: $3.95M+27.7%
Operating Income

$10.3M

Previous: $7.48M+37.8%
Gross Profit

$44.9M

Previous: $36.8M+22.1%
Cash & Equivalents

$102M

Previous: $54.8M+85.3%
Total Assets

$646M

Previous: $573M+12.7%
Stock-Based Comp

$4.83M

Previous: $5.28M-8.5%

Revenue & EPS history

Amphastar · Revenue · Quarterly

$103M

Q1 2021+21.6%vs Q1 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Amphastar · $51M total across 4 segments · Q1 2021

  • Primatene MIST®
    $18.4M+42.8%
  • Epinephrine
    $15.6M+290.4%
  • Lidocaine
    $9.07M-14.9%
  • Glucagon
    $7.98M

Forward guidance

The company expects core growth products will continue to drive growth for the remainder of the year and is confident in seeing their pipeline develop to diversify their portfolio.

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 2021

Historical avgQ1 2021

+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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