NASDAQ$ASRT
Assertio Holdings Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported a strong first quarter with net product sales up 37% and non-GAAP adjusted EBITDA up 52% compared to the prior year quarter.
Assertio Holdings, Inc. reported financial results for the first quarter ended March 31, 2022, with net product sales of $35.5 million, a 37% increase compared to the prior year quarter. The company's net income was $9.1 million, a 99% increase compared to the prior year quarter. Due to the strength of the results to date and the confidence we have in the outlook of our business, we are raising the full year non-GAAP adjusted EBITDA guidance.
- Net product sales increased by 37% compared to the prior year quarter, driven by higher net pricing on Indocin and the addition of Otrexup.
- Gross profit margin increased by 344 basis points compared to the prior year quarter due to change in product mix and improved margins on Indocin.
- Net income increased by 99% compared to the prior year quarter primarily due to higher net product sales and gross profit margins and benefit from prior year restructuring charges not repeating, partially offset by higher SG&A expenses.
- The company is raising the full year non-GAAP adjusted EBITDA guidance.
Headline financials
Revenue & EPS history
Assertio · Revenue · Quarterly
$36.5M
Revenue by segment
Assertio · $40.1M total across 1 segment · Q2 2023
- Net Product Sales$40.1M—100.0%
Forward guidance
Assertio reaffirmed its full year net product sales guidance of $126.0 million to $136.0 million and raised its full year non-GAAP adjusted EBITDA guidance from $64.0 million to $72.0 million to $66.0 million to $74.0 million.
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 Q1 2022
-1.9%
Avg return
Earnings day
-4.4%
Avg return
5 days after
-4.7%
Avg return
30 days after
52%
33 / 64 earnings
Positive
+33.3%
Q3 2021
Best reaction
-46.2%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.6% | +4.2% | — | |
| Q4 2025 | +6.5% | +13.6% | +53.1% | |
| Q3 2025 | +13.3% | -1.2% | -1.2% | |
| Q1 2025 | -1.8% | +8.1% | +0.0% | |
| Q4 2024 | -7.5% | -7.7% | -20.5% | |
| Q3 2024 | +0.2% | -4.7% | +12.9% | |
| Q2 2024 | -12.8% | -14.4% | +0.8% | |
| Q1 2024 | +7.8% | -6.8% | -2.9% | |
| Q4 2023 | +10.8% | +23.1% | -1.1% | |
| Q3 2023 | -45.5% | -53.2% | -50.9% | |
| Q2 2023 | -46.2% | -41.0% | -39.0% | |
| Q1 2023 | +20.6% | +22.2% | -3.8% | |
| Q4 2022 | +7.9% | -15.1% | -0.6% | |
| Q3 2022 | -0.4% | +10.4% | +38.1% | |
| Q2 2022 | -4.3% | -4.8% | -32.6% | |
| Q1 2022 | +6.2% | +37.5% | +52.9% | |
| Q4 2021 | +13.8% | -0.5% | +56.9% | |
| Q3 2021 | +33.3% | +36.0% | +18.4% | |
| Q2 2021 | -2.3% | -3.1% | -16.3% | |
| Q1 2021 | +11.8% | -3.9% | -11.8% | |
| Q4 2020 | +4.3% | -3.2% | -35.1% | |
| Q3 2020 | -41.8% | -40.3% | -37.3% | |
| Q2 2020 | -13.8% | -18.1% | -23.4% | |
| Q1 2020 | +1.3% | +1.2% | +21.3% | |
| Q4 2019 | -35.1% | -29.8% | -37.7% | |
| Q3 2019 | -9.6% | -13.3% | -14.5% | |
| Q2 2019 | +1.4% | -45.1% | -54.2% | |
| Q1 2019 | -0.4% | -10.8% | -37.9% | |
| Q4 2018 | -5.8% | -12.7% | +26.8% | |
| Q3 2018 | +6.5% | +5.5% | -16.3% | |
| Q2 2018 | -19.0% | -23.0% | -33.5% | |
| Q1 2018 | +26.5% | +23.5% | +10.6% | |
| Q4 2017 | -11.4% | -12.3% | -15.0% | |
| Q3 2017 | +15.4% | +30.0% | +68.6% | |
| Q2 2017 | -35.1% | -33.3% | -37.4% | |
| Q1 2017 | +2.3% | +9.0% | -3.1% | |
| Q4 2016 | +4.7% | -0.9% | -9.9% | |
| Q3 2016 | -16.1% | -8.0% | -12.1% | |
| Q2 2016 | +5.6% | +10.2% | +8.7% | |
| Q1 2016 | -6.2% | — | — | |
| Q4 2015 | -4.1% | — | — | |
| Q3 2015 | +6.7% | — | — | |
| Q2 2015 | -7.2% | — | — | |
| Q1 2015 | -14.1% | — | — | |
| Q4 2014 | +13.4% | — | — | |
| Q3 2014 | -2.7% | — | — | |
| Q2 2014 | +5.5% | — | — | |
| Q1 2014 | -23.5% | — | — | |
| Q4 2013 | +14.8% | — | — | |
| Q3 2013 | -0.5% | — | — | |
| Q2 2013 | +4.0% | — | — | |
| Q1 2013 | -2.8% | — | — | |
| Q4 2012 | +6.2% | — | — | |
| Q3 2012 | +1.5% | — | — | |
| Q2 2012 | -0.5% | — | — | |
| Q1 2012 | +3.2% | — | — | |
| Q4 2011 | +3.3% | — | — | |
| Q3 2011 | -10.4% | — | — | |
| Q2 2011 | +3.1% | — | — | |
| Q1 2011 | -1.2% | — | — | |
| Q4 2010 | +0.6% | — | — | |
| Q3 2010 | -0.2% | — | — | |
| Q2 2010 | +5.2% | — | — | |
| Q1 2010 | -4.7% | — | — |
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