NASDAQ$ANIP

ANI Pharmaceuticals Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

ANI Pharmaceuticals reported third quarter results with net revenues of $53.0 million and net income of $0.4 million.

ANI Pharmaceuticals reported third quarter 2020 results with net revenues of $53.0 million, a net income of $0.4 million, and diluted EPS of $0.04. The company is on track with the Cortrophin® Gel sNDA re-filing and has a commercialization and operational launch readiness plan underway. A new CEO and Board members have been added to drive business growth.

  • Third quarter net revenues were $53.0 million.
  • Net income for the third quarter was $0.4 million, with diluted EPS of $0.04.
  • Adjusted non-GAAP diluted EPS was $0.97 for the third quarter.
  • Cortrophin Gel sNDA re-filing is on track with commercialization plans underway.

Headline financials

Total Revenue

$53M

Previous: $51.3M+3.2%
EPS (adj)

$0.97

Previous: $1.23-21.1%
Capital Expenditures

-$4.03M

Previous: -$4.93M+18.4%
Free Cash Flow

-$3.59M

Previous: -$1.04M-246.3%
Net Income

$434K

Previous: $3.9M-88.9%
Operating Income

$2.8M

Previous: $7.33M-61.8%
Gross Profit

$32.9M

Previous: $36.3M-9.6%
Cash & Equivalents

$17.9M

Previous: $59.7M-70.0%
Total Assets

$463M

Previous: $457M+1.3%
Stock-Based Comp

$2.38M

Previous: $2.47M-3.5%

Revenue & EPS history

ANI Pharmaceuticals · Revenue · Quarterly

$53M

Q3 2020+3.2%vs Q3 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

ANI Pharmaceuticals · $50.1M total across 2 segments · Q3 2020

  • Generic Products
    $37.7M+18.6%
  • Brands
    $12.4M-25.3%

Forward guidance

The company anticipates that Cortrophin-related expenses in the fourth quarter of 2020 will be moderately higher than those of the third quarter, as they continue to focus on their sNDA resubmission efforts.

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 2020

Historical avgQ3 2020

-1.2%

Avg return

Earnings day

-3.0%

Avg return

5 days after

-2.8%

Avg return

30 days after

38%

24 / 64 earnings

Positive

+52.1%

Q3 2021

Best reaction

-24.6%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.4%-3.7%-3.4%
Q4 2025-3.9%-0.8%-5.6%
Q3 2025+0.4%-3.3%-9.4%
Q1 2025-7.5%-15.6%-13.4%
Q4 2024+13.4%+6.3%+10.7%
Q3 2024+5.8%+2.5%-2.4%
Q2 2024-3.6%-2.1%+2.7%
Q1 2024+2.2%-1.6%+1.3%
Q4 2023+11.4%-0.2%+3.0%
Q3 2023-17.9%-18.8%-23.1%
Q2 2023+8.4%+9.2%+10.7%
Q1 2023+13.5%+6.5%+26.2%
Q4 2022-5.3%-6.0%-11.5%
Q3 2022-5.1%-4.7%+3.2%
Q2 2022-1.8%+8.2%+7.3%
Q1 2022-5.9%+1.3%+6.9%
Q4 2021-24.6%-23.6%-9.8%
Q3 2021+52.1%+33.8%+8.2%
Q2 2021-7.9%-8.5%-11.5%
Q1 2021-6.0%-4.1%-1.8%
Q4 2020+4.1%+6.6%+5.3%
Q3 2020-15.9%-3.5%+4.1%
Q2 2020-2.0%+0.7%-6.0%
Q1 2020-7.0%-12.1%-13.0%
Q4 2019-19.1%-8.1%-41.2%
Q3 2019-22.2%-27.3%-24.7%
Q2 2019-10.8%-13.7%-21.0%
Q1 2019+3.1%-1.7%-0.3%
Q4 2018+7.7%+0.1%+8.6%
Q3 2018+7.2%+2.1%-0.2%
Q2 2018-13.0%-13.1%-13.7%
Q1 2018+3.9%+3.9%+9.6%
Q4 2017+11.3%-3.8%+0.6%
Q3 2017+7.7%+4.2%+22.8%
Q2 2017-2.9%-3.8%+6.3%
Q1 2017-2.0%+0.7%-10.3%
Q4 2016-16.3%-18.0%-17.2%
Q3 2016-18.8%-18.0%-2.1%
Q2 2016+10.0%+12.6%-3.6%
Q1 2016+6.4%
Q4 2015+9.1%
Q3 2015-4.4%
Q2 2015-14.0%
Q1 2015-15.4%
Q4 2014+4.0%
Q3 2014+27.1%
Q2 2014+9.7%
Q1 2014-3.3%
Q2 2013-3.0%
Q4 2013+24.9%
Q3 2013+4.2%
Q4 2012+0.0%
Q3 2012-0.8%
Q2 2012-15.5%
Q1 2012-15.4%
Q2 2011+0.0%
Q4 2011+0.0%
Q4 2009+0.0%
Q3 2011-6.0%
Q4 2010-7.2%
Q2 2010-7.2%
Q1 2011+0.9%
Q3 2010-6.3%
Q1 2010-5.6%

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