NASDAQ$ESPR
Esperion Therapeutics Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Esperion reported its Q2 2020 earnings, achieving the highest quarterly and first-half revenue in company history and establishing a strong commercial foundation for its new medicines.
Esperion reported a strong Q2 2020, marked by record quarterly and first-half revenue, driven by collaboration revenue and initial product sales of NEXLETOL and NEXLIZET. The company successfully navigated the COVID-19 pandemic, strengthened its balance sheet, and secured broad managed care coverage for its new medicines.
- Highest quarterly and first half total revenue in company history with $214 million YTD revenue.
- Strong capital position with over $300 million in cash.
- Extraordinary high-quality managed care coverage with over 80% commercial and over 50% Medicare Part D formulary coverage.
- Consistently high month-over-month growth for new medicines with acceleration in second half.
Headline financials
Revenue & EPS history
Esperion · Revenue · Quarterly
$212M
Revenue by segment
Esperion · $212M total across 2 segments · Q2 2020
- Collaboration Revenue$212M—99.7%
- U.S. Net Product Revenue$600K—0.3%
Forward guidance
Esperion anticipates further cash from U.S. product sales, EU royalties, and potential ROW agreement payments. They expect R&D expenses of $135M-$145M and SG&A expenses of $200M-$210M for full year 2020. The company believes current cash resources, alongside revenue from NEXLETOL and NEXLIZET, are sufficient to fund operations through profitability.
Tailwinds
- Further cash expected from U.S. product sales.
- Cash from EU royalties expected.
- Upfront and/or milestone payment(s) from potential ROW agreement expected.
- Current cash resources sufficient to fund continued operations through profitability.
- Additional $50 million available under the Oberland Capital agreement.
Headwinds
- U.S. product sales guidance not provided for 2020.
- R&D expenses for the full year 2020 are expected to be $135 million to $145 million.
- Selling, general and administrative expenses for the full year 2020 are expected to be $200 million to $210 million.
- Expenses do not include $30 million in non-cash stock-based compensation.
- Future success depends on commercialization of bempedoic acid and the bempedoic acid / ezetimibe fixed dose combination tablet
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2020
-2.0%
Avg return
Earnings day
-0.8%
Avg return
5 days after
+0.9%
Avg return
30 days after
41%
18 / 44 earnings
Positive
+23.0%
Q3 2018
Best reaction
-47.6%
Q1 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.0% | -0.6% | — | |
| 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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