NASDAQ$COLL

Collegium Pharmaceutical Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Collegium reported record Q3 2024 financial results.

Collegium announced record third-quarter net revenue of $159.3 million, a 17% increase year-over-year. This growth was driven by record revenues from Belbuca and Xtampza ER. The company reported a GAAP net income of $9.3 million and an adjusted EBITDA of $105.1 million, also up 18% year-over-year. Collegium also completed the acquisition of Ironshore Therapeutics, marking its entry into neurology.

  • Generated record Q3 2024 net revenue of $159.3 million, up 17% year-over-year.
  • Belbuca revenue reached a record $53.2 million, and Xtampza ER revenue also hit a record at $49.5 million.
  • Achieved Q3 2024 GAAP net income of $9.3 million.
  • Closed acquisition of Ironshore Therapeutics, establishing a presence in neurology (ADHD).

Headline financials

Total Revenue

$159M

Previous: $137M+16.5%
EPS

$0.27

Previous: $1.34-79.9%
Adjusted EBITDA

$105M

Previous: $89.4M+17.6%
Capital Expenditures

-$1.08M

Previous: -$297K-264.3%
Free Cash Flow

$8.25M

Previous: $20.3M-59.4%
Net Income

$9.34M

Previous: $20.6M-54.8%
Operating Income

$34.8M

Previous: $45M-22.6%
Gross Profit

$96.8M

Previous: $80.3M+20.5%
Cash & Equivalents

$39M

Previous: $259M-84.9%
Total Assets

$1.64B

Previous: $1.18B+38.9%
Stock-Based Comp

$7.32M

Previous: $7.03M+4.1%

Revenue & EPS history

Collegium · Revenue · Quarterly

$159M

Q3 2024+16.5%vs Q3 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Collegium · $133M total across 3 segments · Q3 2023

  • Nucynta Franchise
    $47.5M
  • Belbuca
    $45.4M
  • Xtampza ER
    $39.8M

Forward guidance

The Company reaffirms its full-year 2024 guidance as updated in September 2024 following the close of the Ironshore acquisition for Product Revenues, Net, Adjusted Operating Expenses and Adjusted EBITDA for its current business.

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 2024

Historical avgQ3 2024

+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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