NASDAQ$ANIP
ANI Pharmaceuticals Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
ANI Pharmaceuticals reported a strong Q4 2023 with significant revenue growth, driven by the Rare Disease segment, particularly Cortrophin Gel, and issued 2024 guidance.
ANI Pharmaceuticals reported a strong fourth quarter and record full-year financial results for 2023. Q4 net revenues reached $131.7 million, a 39.7% increase year-over-year, with net income of $0.7 million and GAAP diluted earnings per share of $0.04. The Rare Disease business, led by Cortrophin Gel, saw substantial growth, and the company issued 2024 revenue guidance of $520 million to $542 million.
- ANI Pharmaceuticals reported Q4 net revenues of $131.7 million, a 39.7% increase year-over-year.
- Net income to common shareholders was $0.7 million, with GAAP diluted earnings per share of $0.04.
- The Rare Disease business recorded Q4 net revenues of $41.7 million, reflecting a 137.3% year-over-year growth.
- The company issued 2024 guidance with net revenues projected between $520 million and $542 million.
Headline financials
Revenue & EPS history
ANI Pharmaceuticals · Revenue · Quarterly
$132M
Revenue by segment
ANI Pharmaceuticals · $57.6M total across 2 segments · Q1 2022
- Generic Products$49.1M+48.8%85.2%
- Brands$8.5M+13.3%14.8%
Forward guidance
ANI Pharmaceuticals issued its full year 2024 guidance, projecting net revenues between $520 million and $542 million, adjusted non-GAAP EBITDA between $135 million and $145 million, and adjusted non-GAAP diluted earnings per share between $4.26 and $4.67. The guidance includes Cortrophin Gel net revenues of $170 million to $180 million, representing year-over-year growth of 52% to 61%.
Tailwinds
- Net Revenue (Total Company) $520 million - $542 million
- Cortrophin Gel Net Revenue $170 million - $180 million, representing year-over-year growth of 52% to 61%
- Adjusted Non-GAAP EBITDA $135 million - $145 million
- Total company adjusted non-GAAP gross margin between 62% and 63%
- Between 19.3 million and 19.7 million shares outstanding
Headwinds
- Adjusted Non-GAAP Diluted EPS $4.26 - $4.67, a decrease of (10)% - (8)%
- U.S. GAAP effective tax rate of between approximately 20.0% to 22.0%
- Estimated statutory tax rate of 26.0%
- Uncertainties and risks related to commercial success of Cortrophin Gel
- Potential disruptions from acquisitions and other investments
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2023
-1.2%
Avg return
Earnings day
-3.0%
Avg return
5 days after
-2.7%
Avg return
30 days after
38%
24 / 64 earnings
Positive
+52.1%
Q3 2021
Best reaction
-24.6%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.4% | -3.7% | — | |
| 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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