NASDAQ$EGRX

Eagle Pharmaceuticals Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported financial results for the three months ended June 30, 2022.

Eagle Pharmaceuticals reported a strong second quarter in 2022, with total revenue of $74.1 million compared to $48.1 million in Q2 2021. The company's adjusted non-GAAP earnings per basic share for the first half of 2022 more than doubled compared to the full year 2021, marking the best earnings performance in the company's history.

  • Net loss was $(0.74) per basic and diluted share, while adjusted non-GAAP net income was $1.58 per basic and $1.56 per diluted share.
  • Total revenue reached $74.1 million, driven by product sales of vasopressin and PEMFEXY®.
  • First half revenue of $190 million exceeded full year 2021 revenue of $171.5 million.
  • Acquired Acacia Pharma Group plc, adding BARHEMSYS® and BYFAVO® to portfolio.

Headline financials

Total Revenue

$73.9M

Previous: $48.1M+53.6%
EPS (adj)

-$0.76

Previous: $0.27-381.5%
Capital Expenditures

-$168K

Previous: -$269K+37.5%
Free Cash Flow

$26.2M

Previous: $18.8M+39.4%
Net Income

-$9.45M

Previous: $3.61M-361.6%
Operating Income

$2.2M

Previous: $10.8M-79.6%
Gross Profit

$52.7M

Previous: $40.2M+31.1%
Cash & Equivalents

$36.6M

Previous: $109M-66.4%
Total Assets

$382M

Previous: $264M+44.5%
R&D Expense

$11.4M

No prior period
Stock-Based Comp

$4.5M

Previous: $4.28M+5.1%

Revenue & EPS history

Eagle · Revenue · Quarterly

$73.9M

Q2 2022+53.6%vs Q2 2021
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%

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 2022

Historical avgQ2 2022

+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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