NASDAQ$AMPH

Amphastar Pharmaceuticals Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Amphastar reported strong results driven by the success of its diabetes portfolio and the strategic acquisition of BAQSIMI.

Amphastar Pharmaceuticals reported net revenues of $180.6 million for the three months ended September 30, 2023. GAAP net income was $49.2 million, or $0.91 per share, and adjusted non-GAAP net income was $61.9 million, or $1.15 per share.

  • Net revenues for the third quarter were $180.6 million.
  • GAAP net income for the third quarter was $49.2 million, or $0.91 per share.
  • Adjusted non-GAAP net income for the third quarter was $61.9 million, or $1.15 per share.
  • Glucagon sales increased due to an increase in unit volumes.

Headline financials

Total Revenue

$181M

Previous: $120M+50.3%
EPS (adj)

$1.15

Previous: $0.38+202.6%
Capital Expenditures

-$28.7M

Previous: -$17.7M-62.1%
Free Cash Flow

$20.5M

Previous: -$1.85M+1208.0%
Net Income

$49.2M

Previous: $15.9M+210.1%
Operating Income

$72.7M

Previous: $23.2M+212.9%
Gross Profit

$108M

Previous: $58.5M+85.3%
Cash & Equivalents

$267M

Previous: $157M+69.7%
Total Assets

$1.54B

Previous: $727M+112.6%
R&D Expense

$14.2M

No prior period
Stock-Based Comp

$4.64M

Previous: $4.3M+8.0%

Revenue & EPS history

Amphastar · Revenue · Quarterly

$181M

Q3 2023+50.3%vs Q3 2022
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Amphastar · $90.1M total across 4 segments · Q3 2023

  • Glucagon
    $29.5M+107.5%
  • Primatene MIST®
    $24.8M+35.3%
  • Epinephrine
    $20.2M+3.6%
  • Lidocaine
    $15.5M+23.0%

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 2023

Historical avgQ3 2023

+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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