NASDAQ$EGRX

Eagle Pharmaceuticals Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported a net loss and an adjusted non-GAAP net income, advanced pipeline of oncology and critical care products, and achieved legal wins for BENDEKA.

Eagle Pharmaceuticals reported Q2 2020 revenue of $41.9 million, a net loss of $0.3 million, and an adjusted non-GAAP net income of $8.0 million. The company is advancing its pipeline of oncology and critical care products and anticipates the launch of vasopressin.

  • Q2 2020 net loss was ($0.02) per basic and diluted share and adjusted non-GAAP net income was $0.59 per basic and $0.57 per diluted share.
  • Anticipate launch of vasopressin, maintaining 180-day market exclusivity.
  • CMS establishes unique J-code for PEMFEXY™ (pemetrexed for injection); FDA granted supplement approval for 500mg multiple-dose vial.
  • Received positive additional data for the Company’s fulvestrant product candidate, EA-114, for HR-positive advanced breast cancer.

Headline financials

Total Revenue

$41.9M

Previous: $56.7M-26.0%
EPS (adj)

-$0.02

Previous: $0.49-104.1%
Gross Margin

69.0%

Previous: 62.0%+11.3%
Capital Expenditures

-$376K

Previous: -$343K-9.6%
Free Cash Flow

$23.7M

Previous: $48.2M-50.8%
Net Income

-$256K

Previous: $6.73M-103.8%
Operating Income

$3.71M

Previous: $9.23M-59.8%
Gross Profit

$31.6M

Previous: $38.5M-17.9%
Cash & Equivalents

$108M

Previous: $108M+0.1%
Total Assets

$257M

Previous: $262M-1.9%
Stock-Based Comp

$6.24M

Previous: $5.38M+16.0%

Revenue & EPS history

Eagle · Revenue · Quarterly

$41.9M

Q2 2020-26%vs Q2 2019
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

The guidance represents forward-looking information, and actual results may vary.

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 Q2 2020

Historical avgQ2 2020

+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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