NASDAQ$AXSM

Axsome Therapeutics Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Axsome reported fourth quarter and full year financial results.

Axsome Therapeutics reported Q4 2022 financial results, with total net sales of $24.4 million, including $5.2 million from Auvelity and $19.2 million from Sunosi. The company's net loss for the quarter was $61.2 million, or $(1.41) per share. The company had cash and cash equivalents of $200.8 million at the end of the year, and a pro forma cash balance in excess of $300 million after considering the Sunosi licensing agreement.

  • Total net sales for the fourth quarter were $24.4 million.
  • Auvelity net sales were $5.2 million for the fourth quarter.
  • Sunosi net sales were $19.2 million for the fourth quarter.
  • Net loss was $61.2 million, or $(1.41) per share, for the fourth quarter.

Headline financials

Total Revenue

$24.4M

No prior period
EPS (adj)

-$1.41

Previous: -$0.90-56.7%
R&D Expenses

$14.7M

Previous: $13.8M+6.5%
SG&A Expenses

$61.5M

Previous: $18.8M+227.1%
Capital Expenditures

$181K

No prior period
Free Cash Flow

-$27.7M

Previous: -$28.8M+3.8%
Net Income

-$61.2M

Previous: -$34M-80.0%
Operating Income

-$55.7M

Previous: -$32.6M-70.9%
Gross Profit

$22.1M

No prior period
Cash & Equivalents

$201M

Previous: $86.5M+132.2%
Total Assets

$331M

Previous: $87.8M+277.6%
Stock-Based Comp

$10.8M

Previous: $5.89M+82.9%

Revenue & EPS history

Axsome · Revenue · Quarterly

$24.4M

Q4 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Axsome · $24.4M total across 2 segments · Q4 2022

  • SUNOSI
    $19.2M
  • AUVELITY
    $5.2M

Forward guidance

Axsome expects that its operating expenses will increase year over year as the Company commercializes Sunosi and Auvelity and continues to advance its pipeline.

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

-1.0%

Avg return

Earnings day

-2.9%

Avg return

5 days after

+1.7%

Avg return

30 days after

51%

21 / 41 earnings

Positive

+12.9%

Q1 2022

Best reaction

-53.5%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+8.1%+5.3%+13.0%
Q4 2025-4.7%-10.8%-11.9%
Q3 2025+1.9%+2.3%+9.5%
Q1 2025+3.7%-4.0%-3.6%
Q4 2024-2.3%+5.0%-3.7%
Q3 2024+7.5%+2.4%+3.7%
Q2 2024+1.3%-1.6%+13.2%
Q1 2024+2.9%-3.1%-0.9%
Q4 2023-11.5%-14.9%-12.9%
Q3 2023-3.1%-11.9%+6.5%
Q2 2023-1.5%-5.5%+10.7%
Q1 2023+4.1%+7.1%+2.4%
Q4 2022+11.7%+6.9%+2.3%
Q3 2022+11.2%+3.4%+36.9%
Q2 2022+11.7%+6.8%+41.3%
Q1 2022+12.9%-6.1%-24.3%
Q4 2021+11.9%+6.4%+47.2%
Q3 2021+1.4%-2.3%-12.6%
Q2 2021-53.5%-55.3%-48.9%
Q1 2021+0.1%+2.6%+11.5%
Q4 2020+3.6%-3.5%-15.9%
Q3 2020-9.7%-6.3%+7.1%
Q2 2020-0.6%+1.2%-7.3%
Q1 2020-2.8%-7.9%-15.7%
Q4 2019-16.8%-38.7%-23.8%
Q3 2019-1.2%-4.6%+76.4%
Q2 2019+2.2%+11.0%-0.5%
Q1 2019+7.2%+10.7%+12.2%
Q4 2018+4.6%+24.3%+29.2%
Q3 2018-15.8%-28.1%-24.7%
Q2 2018-1.9%-8.6%+27.6%
Q1 2018+1.5%+3.0%+4.5%
Q4 2017+2.6%+6.5%-8.4%
Q3 2017-4.1%+1.0%-0.5%
Q2 2017-5.0%-12.6%-19.3%
Q1 2017-1.2%-1.2%-4.8%
Q4 2016-4.1%+6.1%-27.6%
Q3 2016+0.7%+4.1%-17.8%
Q2 2016-1.4%-3.4%-1.6%
Q1 2016-1.4%-3.4%-1.6%
Q4 2015-10.0%
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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