NASDAQ$COLL

Collegium Pharmaceutical Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Collegium Pharmaceutical, Inc. reported record fourth quarter and full-year 2024 financial results, driven by strong performance in its pain portfolio and the addition of Jornay PM.

Collegium Pharmaceutical, Inc. achieved record financial results in Q4 2024, with net revenue of $181.9 million and adjusted EBITDA of $107.7 million. The company also reported GAAP net income of $12.5 million and repurchased $60.0 million in shares during 2024.

  • Generated record quarterly net revenue of $181.9 million, a 22% increase year-over-year.
  • Achieved quarterly GAAP net income of $12.5 million and adjusted EBITDA of $107.7 million.
  • Jornay PM prescriptions grew 11% quarter-over-quarter, with net revenue of $29.3 million.
  • Ended 2024 with $162.8 million in cash, cash equivalents, and marketable securities, after repurchasing $60.0 million in shares.

Headline financials

Total Revenue

$182M

Previous: $150M+21.5%
EPS (adj)

$1.75

Previous: $1.58+10.8%
Capital Expenditures

-$570K

Previous: -$164K-247.6%
Free Cash Flow

$84.1M

No prior period
Net Income

$12.5M

Previous: $31.9M-60.8%
Operating Income

$38.1M

Previous: $61.7K+61680.2%
Gross Profit

$98.3M

Previous: $94.6M+3.9%

Revenue & EPS history

Collegium · Revenue · Quarterly

$182M

Q4 2024+21.5%vs Q4 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

Collegium Pharmaceutical, Inc. reaffirms its full-year 2025 guidance for Product Revenues, Net, Adjusted Operating Expenses, and Adjusted EBITDA.

Tailwinds

  • Projected Product Revenues, Net between $735.0 million to $750.0 million for FY 2025.
  • Projected Adjusted EBITDA between $435.0 million to $450.0 million for FY 2025.
  • Expected Jornay PM net revenue to be in excess of $135 million in 2025.
  • Commitment to creating long-term value for shareholders by executing on commercial priorities and strategically deploying capital.
  • Focus on growing Jornay PM and maximizing the pain portfolio.

Headwinds

  • The company is unable to provide a reconciliation of its full-year 2025 guidance for adjusted EBITDA or adjusted operating expenses to GAAP measures due to unreasonable efforts exception.
  • Uncertainty regarding the timing and amount of items like stock-based compensation expense, acquisition related expense, and litigation settlements.
  • These items are outside the Company's control and cannot be reasonably predicted.
  • Probable significance of these items could have a material impact on GAAP net income and operating expenses for the guidance period.
  • A reconciliation would imply a degree of precision and certainty that does not exist and could be confusing to investors.

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 2024

Historical avgQ4 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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