NASDAQ$AVDL

Avadel Pharmaceuticals plc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported second quarter 2020 financial results, including revenue of $10.1 million and net income of $30.9 million.

Avadel Pharmaceuticals reported second quarter results with a focus on the development of FT218. They completed a public equity offering for $125.0 million and sold their legacy portfolio for $42.0 million. Net income for the quarter was $30.9 million, or $0.49 per diluted share.

  • Completed pre-NDA meeting with the FDA for FT218.
  • Completed a public equity offering for gross proceeds of $125.0 million.
  • Sold legacy portfolio of sterile injectable drugs for $42.0 million.
  • Net income for the second quarter of 2020 was $30.9 million, or $0.49 per diluted share.

Headline financials

Total Revenue

$10.1M

Previous: $17.6M-42.5%
EPS (adj)

-$0.12

Previous: -$0.23+47.8%
R&D Expenses

$4.1M

Previous: $10.3M-60.2%
SG&A Expenses

$7.1M

Previous: $6.8M+4.4%
Capital Expenditures

$0.00

Previous: -$29K+100.0%
Free Cash Flow

-$19.4M

Previous: -$22.7M+14.4%
Net Income

$30.9M

Previous: -$8.61M+458.8%
Operating Income

$40.3M

Previous: -$4.45M+1004.7%
Gross Profit

$6.81M

Previous: $13.9M-51.1%
Cash & Equivalents

$102M

Previous: $17.1M+497.1%
Total Assets

$341M

Previous: $166M+106.0%
Stock-Based Comp

$769K

Previous: $55K+1298.2%

Revenue & EPS history

Avadel · Revenue · Quarterly

$10.1M

Q2 2020-42.5%vs Q2 2019
Beat estimate in 5 of 13 quarters(38%)
ActualEstimate

Revenue by segment

Avadel · $7M total across 1 segment · Q3 2023

  • LUMRYZ Net Product Revenue
    $7M

Forward guidance

The company's highest priority remains the completion and filing of their once-nightly FT218 NDA.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 8 quarterly earnings reports

Historical avg

-1.2%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+2.3%

Avg return

30 days after

44%

28 / 64 earnings

Positive

+22.2%

Q4 2020

Best reaction

-26.3%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025+0.4%-1.0%+12.9%
Q2 2025+14.7%+20.7%+42.0%
Q1 2025+9.1%+10.5%+12.1%
Q4 2024-4.6%+0.1%-5.6%
Q3 2024-26.3%-33.1%-34.9%
Q2 2024-3.7%+0.8%-9.9%
Q1 2024-12.9%-7.8%-16.9%
Q4 2023+15.2%+19.2%+18.7%
Q3 2023+6.9%
Q2 2023-0.6%
Q1 2023+5.4%
Q4 2022+3.0%
Q3 2022-0.3%
Q2 2022+13.2%
Q1 2022-5.0%
Q4 2021+4.7%
Q3 2021+7.3%
Q2 2021-3.4%
Q1 2021+1.1%
Q4 2020+22.2%
Q3 2020+11.7%
Q2 2020-7.4%
Q1 2020-2.5%
Q4 2019-24.8%
Q3 2019-2.7%
Q2 2019-11.4%
Q1 2019-3.3%
Q4 2018-15.0%
Q3 2018-25.6%
Q2 2018-11.5%
Q1 2018+4.0%
Q4 2017-11.0%
Q3 2017-1.3%
Q2 2017-5.2%
Q1 2017+1.6%
Q4 2016+6.0%
Q3 2016-2.8%
Q3 2015-2.8%
Q2 2016+1.0%
Q1 2016+1.4%
Q4 2015+1.6%
Q2 2015-10.8%
Q1 2015+6.0%
Q4 2014-0.3%
Q3 2014+0.2%
Q2 2014+1.3%
Q1 2013+3.4%
Q1 2014+3.4%
Q4 2013+2.3%
Q3 2012-1.2%
Q3 2013-1.2%
Q2 2013-5.0%
Q4 2012+1.4%
Q2 2011+6.0%
Q2 2012+6.0%
Q1 2011-1.1%
Q4 2011-4.8%
Q4 2009-4.8%
Q4 2010-4.8%
Q1 2012-4.5%
Q3 2011-5.0%
Q3 2010-0.7%
Q2 2010-6.9%
Q1 2010-4.5%

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