NASDAQ$AVDL

Avadel Pharmaceuticals plc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and year ended December 31, 2019.

Avadel Pharmaceuticals reported fourth-quarter revenues of $11.0 million, a decrease compared to $20.9 million in the fourth quarter of 2018. The net loss for the quarter was $2.7 million, or $0.07 per share, compared to a net loss of $63.9 million, or $1.72 per share, for the same period in 2018. The company's cash, cash equivalents, and marketable securities totaled $64.2 million as of December 31, 2019.

  • Revenues for the fourth quarter of 2019 were $11.0 million, compared to $20.9 million in the fourth quarter of 2018.
  • R&D expenses were $7.8 million in the fourth quarter of 2019, compared to $6.1 million in the fourth quarter of 2018.
  • SG&A expenses were $7.7 million in the fourth quarter of 2019, compared to $23.2 million in the fourth quarter of 2018.
  • Net loss for the fourth quarter of 2019 was $2.7 million, or $0.07 per share, compared to a net loss of $63.9 million or $1.72 per share for the same period in 2018.

Headline financials

Total Revenue

$11M

Previous: $20.9M-47.4%
EPS (adj)

-$0.07

Previous: -$0.46+84.8%
R&D Expenses

$7.8M

Previous: $6.1M+27.9%
SG&A Expenses

$7.7M

Previous: $23.2M-66.8%
Free Cash Flow

-$8.25M

Previous: -$24.5M+66.4%
Net Income

-$2.7M

Previous: -$63.9M+95.8%
Operating Income

-$7.35M

Previous: -$75.4M+90.3%
Gross Profit

$8.58M

Previous: $16.6M-48.4%
Cash & Equivalents

$64.2M

Previous: $9.33M+588.5%
Total Assets

$151M

Previous: $190M-20.4%
Stock-Based Comp

$342K

Previous: $662K-48.3%

Revenue & EPS history

Avadel · Revenue · Quarterly

$11M

Q4 2019-47.4%vs Q4 2018
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

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

  • LUMRYZ Net Product Revenue
    $7M

Forward guidance

Revenue for the first quarter of 2020 is expected to be at or above $10 million.

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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