NASDAQ$EGRX

Eagle Pharmaceuticals Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported a net loss of $0.03 per basic and diluted share, with adjusted non-GAAP net income of $0.24 per basic and diluted share.

Eagle Pharmaceuticals reported Q1 2021 results with total revenue of $41.2 million compared to $46.0 million in Q1 2020. The company had a net loss of $0.4 million, or $0.03 per share, and an adjusted non-GAAP net income of $3.2 million, or $0.24 per share.

  • Q1 2021 total revenue was $41.2 million, compared to $46.0 million in Q1 2020.
  • Q1 2021 net loss was $0.03 per basic and diluted share.
  • Adjusted non-GAAP net income for Q1 2021 was $0.24 per basic and diluted share.
  • The company anticipates vasopressin approval and launch this year.

Headline financials

Total Revenue

$41.2M

Previous: $46M-10.4%
EPS (adj)

-$0.03

Previous: -$0.21+85.7%
Capital Expenditures

-$384K

Previous: -$472K+18.6%
Free Cash Flow

$10.1M

Previous: $2.69M+275.8%
Net Income

-$421K

Previous: -$2.87M+85.3%
Operating Income

-$3.77M

Previous: $4.04M-193.5%
Gross Profit

$32.8M

Previous: $41.3M-20.5%
Cash & Equivalents

$105M

Previous: $202M-47.9%
Total Assets

$260M

Previous: $362M-28.2%
Stock-Based Comp

$6.51M

Previous: $7.47M-12.9%

Revenue & EPS history

Eagle · Revenue · Quarterly

$41.2M

Q1 2021-10.4%vs Q1 2020
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

Eagle · $18.2M total across 2 segments · Q4 2022

  • BELRAPZO product sales
    $11M+100.0%
  • RYANODEX product sales
    $7.2M+18.0%

Forward guidance

Eagle Pharmaceuticals anticipates vasopressin approval and launch this year and expects approximately $20-$25 million from combined royalty and milestone revenue in 2022 for TREAKISYM.

Tailwinds

  • Anticipate vasopressin approval and launch this year.
  • Completed last required study for vasopressin.
  • Expect to respond to vasopressin CRL in full by mid-year.
  • Expects approximately $20-$25 million from combined royalty and milestone revenue in 2022 for TREAKISYM (bendamustine) Ready-to-Dilute (“RTD”) and Rapid Infusion (“RI”) formulations
  • Outstanding and large opportunity with TREAKISYM in Japan representing another extension of our bendamustine franchise.

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

+2.5%

Avg return

Earnings day

+0.9%

Avg return

5 days after

-0.8%

Avg return

30 days after

55%

22 / 40 earnings

Positive

+75.2%

Q1 2014

Best reaction

-18.8%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2023-7.1%-13.6%-14.0%
Q2 2023-11.8%-12.2%-25.9%
Q1 2023+6.3%+12.1%+0.7%
Q4 2022+2.2%+2.6%+20.9%
Q3 2022+13.4%+19.2%+0.9%
Q2 2022-18.8%-16.9%-28.3%
Q1 2022+3.6%-2.7%-10.8%
Q4 2021+8.9%+12.5%+9.2%
Q3 2021+1.2%+0.8%-10.1%
Q2 2021+4.4%+6.6%+12.6%
Q1 2021-4.7%+0.5%-6.7%
Q4 2020-11.2%-4.7%-7.7%
Q3 2020+7.7%+3.8%+0.3%
Q2 2020-8.3%-8.7%-20.6%
Q1 2020-4.6%-3.9%+12.5%
Q4 2019-4.2%-11.0%-5.8%
Q3 2019-5.5%-7.5%-4.3%
Q2 2019+3.4%+4.8%-0.2%
Q1 2019-0.6%-3.6%+1.8%
Q4 2018+6.1%-0.1%+3.4%
Q3 2018+3.7%+5.6%+2.4%
Q2 2018+1.8%+2.9%-13.6%
Q1 2018-2.7%-1.3%-1.3%
Q4 2017-14.6%-19.8%-22.0%
Q3 2017-3.7%-2.6%+4.8%
Q2 2017+7.1%+18.8%+26.5%
Q1 2017+0.6%+0.0%+9.3%
Q4 2016+0.8%+4.2%+9.1%
Q3 2016+15.2%+13.7%+3.7%
Q2 2016+18.4%+28.3%+28.6%
Q1 2016+4.1%
Q4 2015-1.5%
Q3 2015+1.3%
Q2 2015-15.0%
Q1 2014+75.2%
Q1 2015+24.7%
Q4 2014-0.4%
Q3 2014+4.0%
Q4 2013-0.8%
Q2 2014-0.8%
Q2 2013
Q1 2013
Q4 2012
Q3 2013

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