NASDAQ$ESPR

Esperion Therapeutics Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Esperion's Q1 2022 financial results were reported, featuring a 109% year-over-year increase in U.S. net product revenue and progress in the CLEAR Outcomes trial.

Esperion reported a strong first quarter with a 135% increase in total revenue compared to the previous year, driven by growth in U.S. product revenue and royalties. The company is advancing its CLEAR Outcomes trial and reaffirming its financial outlook for 2022.

  • U.S. net product revenue grew approximately 109% year-over-year to $13.4 million.
  • Retail prescription equivalents grew 56.7% year-over-year.
  • CLEAR Outcomes trial is approaching 95% MACE accumulation.
  • Partner Daiichi Sankyo continued European rollout of NILEMDO® and NUSTENDI®.

Headline financials

Total Revenue

$18.8M

Previous: $7.98M+136.1%
EPS (adj)

-$0.93

Previous: -$3.50+73.4%
Free Cash Flow

-$56.7M

Previous: -$90.9M+37.6%
Net Income

-$56.7M

Previous: -$90.9M+37.6%
Operating Income

-$43M

Previous: -$82.8M+48.1%
Gross Profit

$18.8M

Previous: $7.98M+136.1%
Cash & Equivalents

$150M

Previous: $218M-31.0%
Total Assets

$343M

Previous: $279M+23.1%
Stock-Based Comp

$4.44M

Previous: $5.75M-22.9%

Revenue & EPS history

Esperion · Revenue · Quarterly

$18.8M

Q1 2022+136.1%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Esperion · $18.8M total across 2 segments · Q1 2022

  • U.S. Net Product Revenue
    $13.4M+110.3%
  • Collaboration Revenue
    $5.48M+236.7%

Forward guidance

Esperion is reaffirming its prior operational expense guidance.

Tailwinds

  • Research and Development expenses for the full year 2022 are expected to be $100 million to $110 million.
  • Selling, General and Administrative expenses for the full year 2022 are expected to be $120 million to $130 million.
  • Esperion expects full-year 2022 operating expenses to be approximately $220 million to $240 million.
  • Operating expenses include $25 million of non-cash, stock-based compensation expense.

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 2022

Historical avgQ1 2022

-2.0%

Avg return

Earnings day

-0.8%

Avg return

5 days after

+0.9%

Avg return

30 days after

43%

19 / 44 earnings

Positive

+23.0%

Q3 2018

Best reaction

-47.6%

Q1 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%-0.6%-0.3%
Q4 2025-11.5%-19.7%-28.3%
Q3 2025-15.0%+5.4%+26.9%
Q1 2025-7.7%-23.8%+10.5%
Q4 2024+12.0%+7.0%-18.4%
Q3 2024+3.2%+10.0%+57.5%
Q2 2024-10.9%-3.0%-13.9%
Q1 2024-3.8%+3.3%+16.5%
Q4 2023-2.3%-3.0%+1.9%
Q3 2023+3.7%-5.2%+64.6%
Q2 2023+14.0%+3.8%+1.9%
Q1 2023+8.1%+14.1%+0.0%
Q4 2022-3.9%+4.7%-73.6%
Q3 2022-1.1%+5.3%-14.6%
Q2 2022+5.9%+11.9%+41.1%
Q1 2022+11.3%-3.8%-1.9%
Q4 2021+5.5%+9.1%+32.8%
Q3 2021+5.3%+2.3%-11.3%
Q2 2021-6.6%-5.2%-12.7%
Q1 2021-25.1%-16.5%-20.7%
Q4 2020-0.2%-4.2%-1.9%
Q3 2020-19.3%-15.7%-0.8%
Q2 2020-11.9%-13.7%-0.1%
Q1 2020+8.8%+19.1%+11.9%
Q4 2019-11.5%-5.4%-38.1%
Q3 2019-8.0%-5.2%+22.4%
Q2 2019-2.0%-2.3%-9.6%
Q1 2019+5.0%+0.3%+2.5%
Q4 2018+1.2%+0.7%-14.1%
Q3 2018+23.0%+29.4%+17.0%
Q2 2018+3.2%+4.2%+10.6%
Q1 2018-47.6%-41.8%-46.1%
Q4 2017+1.2%+5.3%-6.1%
Q3 2017-1.9%+0.0%+12.7%
Q2 2017+11.9%+9.2%+10.4%
Q3 2016-2.5%-3.9%+8.8%
Q2 2016-1.0%-2.2%-4.2%
Q1 2016-7.8%
Q4 2015-3.4%
Q3 2015-3.3%
Q2 2015-2.6%
Q1 2015+2.6%
Q4 2014+1.6%
Q3 2013-3.3%
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012

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