NASDAQ$AMPH

Amphastar Pharmaceuticals Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Amphastar reported solid growth in Q3 2022, driven by increased sales of epinephrine, Primatene Mist®, and glucagon.

Amphastar Pharmaceuticals reported net revenues of $120.1 million for Q3 2022, a 7% increase compared to Q3 2021. GAAP net income was $15.9 million, or $0.30 per share, while adjusted non-GAAP net income was $20.2 million, or $0.38 per share. The company's growth was primarily driven by strong sales of epinephrine, Primatene Mist®, and glucagon.

  • Net revenues reached $120.1 million.
  • GAAP net income was $15.9 million, or $0.30 per share.
  • Adjusted non-GAAP net income was $20.2 million, or $0.38 per share.
  • Continued investment in capacity has successfully led to another quarter of solid growth driven by strong epinephrine, Primatene Mist®, and glucagon sales.

Headline financials

Total Revenue

$120M

Previous: $112M+7.1%
EPS (adj)

$0.38

Previous: $0.46-17.4%
Capital Expenditures

-$17.7M

Previous: -$20.6M+13.9%
Free Cash Flow

-$1.85M

Previous: $8.97M-120.6%
Net Income

$15.9M

Previous: $29.5M-46.3%
Operating Income

$23.2M

Previous: $24.8M-6.2%
Gross Profit

$58.5M

Previous: $51.2M+14.3%
Cash & Equivalents

$157M

Previous: $107M+47.5%
Total Assets

$727M

Previous: $652M+11.5%
Stock-Based Comp

$4.3M

Previous: $3.92M+9.7%

Revenue & EPS history

Amphastar · Revenue · Quarterly

$120M

Q3 2022+7.1%vs Q3 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Amphastar · $64.7M total across 4 segments · Q3 2022

  • Epinephrine
    $19.5M+40.4%
  • Primatene MIST®
    $18.4M+10.9%
  • Glucagon
    $14.2M+16.7%
  • Lidocaine
    $12.6M+8.3%

Forward guidance

The company remains optimistic that its multiple pipeline product candidates will continue to progress through their respective stages of development and will ultimately position them to deliver continued growth in the future.

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 Q3 2022

Historical avgQ3 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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