NASDAQ$AMPH

Amphastar Pharmaceuticals Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported net revenues of $120.4 million and GAAP net income of $24.3 million for the quarter ended March 31, 2022.

Amphastar Pharmaceuticals reported a strong first quarter with net revenues of $120.4 million and a GAAP net income of $24.3 million, driven by strong sales of recently launched products.

  • Net revenues reached $120.4 million.
  • GAAP net income was $24.3 million, or $0.47 per share.
  • Adjusted non-GAAP net income amounted to $24.6 million, or $0.47 per share.
  • Growth trend is expected to continue in 2022.

Headline financials

Total Revenue

$120M

Previous: $103M+16.8%
EPS (adj)

$0.47

Previous: $0.27+74.1%
Gross Margin

46.0%

No prior period
Capital Expenditures

-$6.14M

Previous: -$7.62M+19.4%
Free Cash Flow

$18.1M

Previous: -$2.58M+802.9%
Net Income

$24.3M

Previous: $5.04M+381.1%
Operating Income

$21.6M

Previous: $10.3M+109.7%
Gross Profit

$55.8M

Previous: $44.9M+24.2%
Cash & Equivalents

$173M

Previous: $102M+69.9%
Total Assets

$716M

Previous: $646M+10.9%
Stock-Based Comp

$5.02M

Previous: $4.83M+3.9%

Revenue & EPS history

Amphastar · Revenue · Quarterly

$120M

Q1 2022+16.8%vs Q1 2021
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Amphastar · $61.4M total across 4 segments · Q1 2022

  • Primatene MIST®
    $24.7M+34.3%
  • Epinephrine
    $15.2M-2.7%
  • Glucagon
    $11M+37.6%
  • Lidocaine
    $10.6M+16.7%

Forward guidance

Amphastar is optimistic that its growth trend will continue in 2022.

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 2022

Historical avgQ1 2022

+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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