NASDAQ$COLL

Collegium Pharmaceutical Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Collegium reported record quarterly revenue and net income in the first quarter of 2021.

Collegium Pharmaceutical, Inc. reported record quarterly net revenue of $87.7 million and net income of $15.7 million for the first quarter ended March 31, 2021. The company experienced growth in Xtampza ER and Nucynta franchise revenues, and raised its Nucynta franchise and adjusted EBITDA 2021 guidance range.

  • Record quarterly net revenue achieved, driven by Xtampza ER and Nucynta franchise.
  • Xtampza ER market share grew to 30.6% in March 2021.
  • Colleen Tupper appointed as the Company’s next CFO, effective May 24, 2021.
  • Nucynta franchise and Adjusted EBITDA 2021 guidance range raised.

Headline financials

Total Revenue

$87.7M

Previous: $76.5M+14.7%
EPS (adj)

$0.41

Previous: $0.01+4000.0%
Adjusted EBITDA

$45.3M

No prior period
Capital Expenditures

-$428K

Previous: -$836K+48.8%
Free Cash Flow

$15.2M

Previous: -$386K+4046.6%
Net Income

$15.7M

Previous: $450K+3380.4%
Operating Income

$21.2M

Previous: $5.06M+318.7%
Gross Profit

$55.6M

Previous: $39M+42.6%
Cash & Equivalents

$183M

Previous: $116M+57.3%
Total Assets

$646M

Previous: $635M+1.8%
Stock-Based Comp

$6.88M

Previous: $4.95M+38.9%

Revenue & EPS history

Collegium · Revenue · Quarterly

$87.7M

Q1 2021+14.7%vs Q1 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Collegium · $87.7M total across 2 segments · Q1 2021

  • Nucynta Franchise
    $52.3M+16.2%
  • Xtampza ER
    $35.4M+12.4%

Forward guidance

The Company updates its full-year 2021 financial guidance for Nucynta Franchise Revenues and Adjusted EBITDA.

Tailwinds

  • Xtampza ER Revenues guidance unchanged at $155.0 to $165.0 million.
  • Nucynta Franchise Revenues guidance raised from $175.0 to $185.0 million to $185.0 to $195.0 million.
  • Total Operating Expenses guidance unchanged at $125.0 to $135.0 million.
  • Adjusted EBITDA guidance raised from $160.0 to $170.0 million to $170.0 to $180.0 million.

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 Q1 2021

Historical avgQ1 2021

+2.6%

Avg return

Earnings day

+4.9%

Avg return

5 days after

+2.2%

Avg return

30 days after

61%

28 / 46 earnings

Positive

+31.2%

Q3 2019

Best reaction

-17.6%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+7.7%-2.2%-8.9%
Q4 2025-3.5%-12.6%-29.1%
Q3 2025+4.4%+16.5%+17.8%
Q1 2025+5.9%+6.6%+10.7%
Q4 2024+2.2%+0.2%+4.5%
Q3 2024-6.8%-9.0%-13.1%
Q2 2024+2.5%+5.9%+7.3%
Q1 2024-17.2%-12.5%-12.8%
Q4 2023+14.5%+15.8%+25.1%
Q3 2023+4.6%+10.8%+23.0%
Q2 2023+6.8%+9.5%+7.9%
Q1 2023+3.6%+6.4%-2.2%
Q4 2022+1.7%+0.5%-10.0%
Q3 2022+6.9%+11.9%+30.6%
Q2 2022+11.4%+7.2%-1.0%
Q1 2022+1.7%+10.0%+15.9%
Q4 2021-14.0%-17.7%-14.1%
Q3 2021-5.3%+1.0%-12.5%
Q2 2021-17.6%-23.7%-19.2%
Q1 2021+3.6%-0.3%-1.8%
Q4 2020-9.6%-14.1%-8.8%
Q3 2020+2.2%+4.3%+1.9%
Q2 2020+6.6%+13.4%+16.4%
Q1 2020+9.4%+16.2%+0.3%
Q4 2019+5.2%-1.5%-27.4%
Q3 2019+31.2%+38.5%+53.5%
Q2 2019+4.0%+9.6%+0.9%
Q1 2019+5.6%-2.9%-18.0%
Q4 2018+18.5%+22.4%+2.0%
Q3 2018-0.4%+10.8%+23.1%
Q2 2018-5.7%-2.0%-15.7%
Q1 2018+11.6%+8.6%+9.7%
Q4 2017+17.9%+6.3%-11.9%
Q3 2017+25.8%+44.7%+75.2%
Q2 2017-4.2%-0.1%-2.4%
Q1 2017+12.5%+11.5%+28.0%
Q4 2016+7.9%+7.4%-34.6%
Q3 2016+7.9%+1.8%-0.1%
Q2 2016-13.1%-9.7%-23.8%
Q1 2016-3.0%
Q4 2015-5.6%
Q3 2015-10.4%
Q2 2015-4.3%
Q1 2015-0.8%
Q1 2014-0.8%
Q4 2014-0.8%
Q3 2014
Q2 2014

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro