NASDAQ$ANIP

ANI Pharmaceuticals Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

ANI Pharmaceuticals reported its Q4 2019 results, which included a net loss driven by Cortrophin pre-launch commercial inventories and inventory reserve charges, while adjusted non-GAAP diluted earnings per share was $1.08.

ANI Pharmaceuticals reported a net loss of $4.8 million for Q4 2019, driven by Cortrophin pre-launch commercial inventories and inventory reserve charges. Adjusted non-GAAP diluted earnings per share was $1.08. The company is on track to submit its Cortrophin® Gel sNDA to the FDA in March 2020.

  • Net revenues from generic pharmaceuticals decreased 14% to $29.1 million.
  • Net revenues from branded pharmaceuticals decreased 17% to $15.6 million.
  • Contract manufacturing revenues decreased 28% to $2.6 million.
  • Net loss was $4.8 million, with a diluted loss per share of $0.41.

Headline financials

Total Revenue

$48M

Previous: $57.1M-16.0%
EPS (adj)

$1.08

Previous: $1.32-18.2%
Capital Expenditures

$1.7M

Previous: $1.01M+69.1%
Free Cash Flow

$3.1M

Previous: $26.2M-88.2%
Net Income

-$4.8M

Previous: $5.38M-189.3%
Operating Income

-$52.6M

Previous: $11.4M-559.6%
Gross Profit

$30.2M

Previous: $37M-18.4%
Cash & Equivalents

$62.3M

Previous: $43M+44.9%
Total Assets

$457M

Previous: $431M+6.1%
Stock-Based Comp

$2.44M

Previous: $1.83M+33.7%

Revenue & EPS history

ANI Pharmaceuticals · Revenue · Quarterly

$48M

Q4 2019-16%vs Q4 2018
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

ANI Pharmaceuticals · $45.3M total across 3 segments · Q4 2019

  • Generic Products
    $29.1M-13.6%
  • Brands
    $15.6M-17.0%
  • Royalties and Other
    $600K-33.3%

Forward guidance

For the twelve months ending December 31, 2020, ANI is providing guidance on net revenue, adjusted non-GAAP EBITDA, and adjusted non-GAAP diluted earnings per share. We expect that adjusted non-GAAP gross margin will decline from approximately 71% in 2019 to the mid 60% range in 2020, driven by the impact of negative price and product mix.

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 2019

Historical avgQ4 2019

-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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