NASDAQ$AMPH

Amphastar Pharmaceuticals Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported net revenues of $120.9 million and GAAP net income of $19.8 million for the quarter ended December 31, 2021.

Amphastar Pharmaceuticals reported strong Q4 2021 results, with net revenues reaching $120.9 million and a GAAP net income of $19.8 million, driven by the growth of higher-margin products.

  • Net revenues for the fourth quarter were $120.9 million.
  • GAAP net income for the fourth quarter was $19.8 million, or $0.39 per share.
  • Adjusted non-GAAP net income for the fourth quarter was $20.8 million, or $0.42 per share.
  • Financial strength was driven by the continued growth of higher-margin products.

Headline financials

Total Revenue

$121M

Previous: $95.9M+26.0%
EPS (adj)

$0.42

Previous: $0.16+162.5%
Capital Expenditures

$6.88M

Previous: $9.33M-26.3%
Free Cash Flow

$33.6M

Previous: $7.56M+343.7%
Net Income

$19.8M

Previous: -$5.79M+441.2%
Operating Income

$24.3M

Previous: $2.88M+742.4%
Gross Profit

$56.2M

Previous: $36.8M+52.7%
Cash & Equivalents

$126M

Previous: $92.6M+36.4%
Total Assets

$672M

Previous: $631M+6.4%
Stock-Based Comp

$3.85M

Previous: $4.33M-11.1%

Revenue & EPS history

Amphastar · Revenue · Quarterly

$121M

Q4 2021+26%vs Q4 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Amphastar · $67.8M total across 4 segments · Q4 2021

  • Primatene MIST®
    $21.5M+60.5%
  • Epinephrine
    $18.9M+152.2%
  • Glucagon
    $15.3M
  • Lidocaine
    $12.1M-0.8%

Forward guidance

The company expects a number of pipeline milestones to be reached in 2022 as it continues to execute the Company’s strategy.

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 Q4 2021

Historical avgQ4 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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