NASDAQ$ANIP

ANI Pharmaceuticals Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

ANI Pharmaceuticals reported record fourth quarter financial results and achieved full year 2022 revenue milestone.

ANI Pharmaceuticals reported Q4 net revenues of $94.2 million, a net loss available to common shareholders of $(4.7) million, and an adjusted non-GAAP diluted earnings per share of $0.76. The company's full-year 2022 net revenues reached $316.4 million.

  • Q4 net revenues reached $94.2 million, marking a 54.7% growth.
  • Adjusted non-GAAP diluted earnings per share for Q4 was $0.76.
  • Full year 2022 net revenues were $316.4 million.
  • Purified Cortrophin Gel full-year 2022 net sales reached $41.7 million.

Headline financials

Total Revenue

$94.2M

Previous: $60.9M+54.7%
EPS (adj)

$0.76

Previous: $0.54+40.7%
Cortrophin Gel Growth

39.4%

Previous: 41600000.0%-100.0%
Capital Expenditures

$3.14M

Previous: $356K+781.5%
Free Cash Flow

-$7.54M

Previous: -$12.5M+39.9%
Net Income

-$4.7M

Previous: -$24.1M+80.5%
Operating Income

-$4.7M

Previous: -$23.7M+80.2%
Gross Profit

$57.9M

Previous: $27M+114.2%
Cash & Equivalents

$48.2M

Previous: $100M-51.9%
Total Assets

$760M

Previous: $772M-1.5%
Stock-Based Comp

$3.74M

Previous: $2.97M+25.9%

Revenue & EPS history

ANI Pharmaceuticals · Revenue · Quarterly

$94.2M

Q4 2022+54.7%vs Q4 2021
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

ANI Pharmaceuticals · $57.6M total across 2 segments · Q1 2022

  • Generic Products
    $49.1M+48.8%
  • Brands
    $8.5M+13.3%

Forward guidance

ANI Pharmaceuticals initiates total Company net revenue guidance of $360 million to $385 million; adjusted non-GAAP EBITDA guidance of $78 million to $88 million; adjusted non-GAAP earnings per share of $2.09 to $2.59.

Tailwinds

  • Total Company expected Net Revenues between $360.0 million and $385.0 million, representing approximately 14% to 22% growth as compared to $316.4 million recognized in 2022
  • Cortrophin specific revenue guidance between $80.0 million to $90.0 million, representing 92% to 116% growth as compared to $41.7 million recognized in 2022
  • Total Company non-GAAP Gross Margin between 59.5% and 61.0%
  • Total Company Adjusted non-GAAP EBITDA between $78.0 million and $88.0 million
  • Adjusted non-GAAP Diluted Earnings per Share between $2.09 and $2.59

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

-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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