NASDAQ$AMPH

Amphastar Pharmaceuticals Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported net revenues of $178.1 million and GAAP net income of $36.2 million for the quarter ended December 31, 2023.

Amphastar Pharmaceuticals reported a strong fourth quarter with net revenues of $178.1 million and GAAP net income of $36.2 million, driven by glucagon and Primatene MIST® performance and the acquisition of BAQSIMI®.

  • Net revenues for the fourth quarter were $178.1 million.
  • GAAP net income for the fourth quarter was $36.2 million, or $0.68 per share.
  • Adjusted non-GAAP net income for the fourth quarter was $46.9 million, or $0.88 per share.
  • The company highlighted the submission of its first BLA for Insulin Aspart (AMP-004).

Headline financials

Total Revenue

$178M

Previous: $135M+31.9%
EPS (adj)

$0.88

Previous: $0.73+20.5%
Gross Margin

54.0%

No prior period
Capital Expenditures

$9.44M

Previous: $6.31M+49.6%
Net Income

$36.2M

Previous: $33.9M+6.6%
Operating Income

$54M

Previous: $37.8M+42.7%
Gross Profit

$96.1M

Previous: $71.2M+35.1%
R&D Expense

$20.4M

No prior period
Stock-Based Comp

$4.62M

Previous: $4.3M+7.4%

Revenue & EPS history

Amphastar · Revenue · Quarterly

$178M

Q4 2023+31.9%vs Q4 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%

Forward guidance

Amphastar enters 2024 with strong momentum, driven by glucagon and Primatene MIST performance, the BAQSIMI acquisition, and the Insulin Aspart BLA submission.

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 2023

Historical avgQ4 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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