NASDAQ$COLL

Collegium Pharmaceutical Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Collegium reported a profitable fourth quarter driven by growth in Xtampza ER revenues and the acquisition of the Nucynta franchise.

Collegium Pharmaceutical, Inc. reported financial results for Q4 2020, with Xtampza ER revenues increasing by 12% and net income reaching $7.0 million, a significant turnaround from the previous year's net loss. The company's performance was driven by its differentiated pain portfolio and the acquisition of the Nucynta franchise.

  • Xtampza ER net product revenues increased by 12% to $30.8 million.
  • Nucynta franchise net product revenues were $45.5 million.
  • Net income was $7.0 million, or $0.20 earnings per share.
  • The company secured new exclusive ER oxycodone formulary wins for Xtampza ER.

Headline financials

Total Revenue

$76.3M

Previous: $74.2M+2.8%
EPS (adj)

$0.20

Previous: -$0.07+385.7%
Capital Expenditures

$1.48M

Previous: $889K+66.6%
Free Cash Flow

$21.1M

Previous: $14.8M+42.9%
Net Income

$6.96M

Previous: -$2.2M+416.1%
Operating Income

$15M

Previous: -$2.37M+731.9%
Gross Profit

$44.3M

Previous: $25.1M+76.4%
Cash & Equivalents

$174M

Previous: $170M+2.4%
Total Assets

$644M

Previous: $306M+110.2%
Stock-Based Comp

$6.21M

Previous: $3.97M+56.6%

Revenue & EPS history

Collegium · Revenue · Quarterly

$76.3M

Q4 2020+2.8%vs Q4 2019
Beat estimate in 7 of 16 quarters(44%)
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 reiterates its full-year 2021 financial guidance, initially provided on January 6, 2021. Collegium is not providing forward-looking guidance for its full-year 2021 U.S. GAAP net income (loss) or a quantitative reconciliation of forward-looking adjusted EBITDA.

Tailwinds

  • Xtampza ER revenues are expected in the range of $155.0 million to $165.0 million.
  • Nucynta franchise revenues are expected in the range of $175.0 million to $185.0 million.
  • Total operating expenses are expected in the range of $125.0 million to $135.0 million.
  • Adjusted EBITDA (excluding stock-based compensation) is expected in the range of $160.0 million to $170.0 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 Q4 2020

Historical avgQ4 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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