NASDAQ$AMPH

Amphastar Pharmaceuticals Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported net revenues of $135.0 million, GAAP net income of $33.9 million, or $0.66 per share, and adjusted non-GAAP net income of $37.6 million, or $0.73 per share.

Amphastar Pharmaceuticals reported its strongest quarter yet, with net revenues of $135.0 million, GAAP net income of $33.9 million, or $0.66 per share, and adjusted non-GAAP net income of $37.6 million, or $0.73 per share, driven by sales of epinephrine, Primatene MIST®, glucagon, and other finished pharmaceutical products.

  • Net revenues for the fourth quarter were $135.0 million.
  • GAAP net income for the fourth quarter was $33.9 million, or $0.66 per share.
  • Adjusted non-GAAP net income for the fourth quarter was $37.6 million, or $0.73 per share.
  • The company anticipates launching multiple new products to continue driving growth in 2023.

Headline financials

Total Revenue

$135M

Previous: $121M+11.7%
EPS (adj)

$0.73

Previous: $0.42+73.8%
Capital Expenditures

$6.31M

Previous: $6.88M-8.3%
Free Cash Flow

$8.92M

Previous: $33.6M-73.4%
Net Income

$33.9M

Previous: $19.8M+71.6%
Operating Income

$37.8M

Previous: $24.3M+56.0%
Gross Profit

$71.2M

Previous: $56.2M+26.6%
Cash & Equivalents

$156M

Previous: $126M+23.5%
Total Assets

$742M

Previous: $672M+10.5%
Stock-Based Comp

$4.3M

Previous: $3.85M+11.8%

Revenue & EPS history

Amphastar · Revenue · Quarterly

$135M

Q4 2022+11.7%vs Q4 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Amphastar · $75.3M total across 4 segments · Q4 2022

  • Primatene MIST®
    $22.3M+3.7%
  • Epinephrine
    $21.4M+13.6%
  • Glucagon
    $18.3M+19.5%
  • Lidocaine
    $13.3M+9.8%

Forward guidance

Looking ahead to 2023, the company anticipates launching multiple new products to continue driving growth.

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 2022

Historical avgQ4 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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