NASDAQ$COLL

Collegium Pharmaceutical Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported record net income, generated meaningful cash flow from operations and paid down debt.

Collegium Pharmaceutical reported strong Q3 2020 results, achieving record net income of $11.3 million and generating $34.2 million in cash flow from operations. The company also strengthened formulary access for Xtampza ER and reached a settlement with Teva regarding patent litigation.

  • Reported record net income in Q3 2020.
  • Generated $34.2 million in cash flow from operations.
  • Strengthened formulary access for Xtampza ER, including an exclusive national Medicare Part D win.
  • Reached a settlement with Teva Pharmaceutical resolving patent litigation.

Headline financials

Total Revenue

$79.2M

Previous: $72.9M+8.5%
EPS (adj)

$0.32

Previous: -$0.18+277.8%
Adjusted EBITDA

$41.8M

Previous: $1.6M+2512.5%
Capital Expenditures

-$4.07M

Previous: -$5.55M+26.7%
Free Cash Flow

$7.22M

Previous: -$11.7M+161.9%
Net Income

$11.3M

Previous: -$6.11M+284.7%
Operating Income

$19.6M

Previous: -$6.38M+407.9%
Gross Profit

$48.2M

Previous: $26.2M+84.0%
Cash & Equivalents

$165M

Previous: $154M+7.5%
Total Assets

$644M

Previous: $304M+111.8%
Stock-Based Comp

$5.17M

Previous: $4.14M+24.8%

Revenue & EPS history

Collegium · Revenue · Quarterly

$79.2M

Q3 2020+8.5%vs Q3 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Collegium · $79.2M total across 2 segments · Q3 2020

  • Nucynta Franchise
    $47.1M+1.3%
  • Xtampza ER
    $32.1M+21.1%

Forward guidance

The company has not provided a reconciliation of its full-year 2020 guidance for non-GAAP adjusted income to the most directly comparable forward-looking GAAP measure because it is unable to predict, without unreasonable efforts, the timing and amount of items that would be included such a reconciliation.

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 Q3 2020

Historical avgQ3 2020

+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

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