NASDAQ$ESPR

Esperion Therapeutics Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Esperion's Q3 2024 financial results were reported, featuring a 52% year-over-year increase in total revenue, reaching $51.6 million, and a 53% growth in U.S. net product revenue.

Esperion reported a strong third quarter in 2024, marked by significant revenue growth and prescription increases. Total revenue increased by 52% year-over-year to $51.6 million, driven by a 53% increase in U.S. net product revenue. Key achievements included expanded product labels, a scaled-up commercial team, and successful new indication launches, contributing to double-digit prescription growth. The company also strengthened its balance sheet by monetizing European royalties and paying off a revenue interest facility.

  • Total revenue increased by 52% year-over-year to $51.6 million.
  • U.S. net product revenue grew by 53% year-over-year to $31.1 million.
  • Total retail prescription equivalents increased by 12% compared to the second quarter.
  • New to brand prescriptions grew by 18% from the second quarter.

Headline financials

Total Revenue

$51.6M

Previous: $34M+52.0%
EPS

-$0.15

Previous: -$0.37+59.5%
Capital Expenditures

-$317K

Previous: $0.00
Free Cash Flow

-$29.8M

Previous: -$41.3M+27.7%
Net Income

-$29.5M

Previous: -$41.3M+28.4%
Operating Income

-$16M

Previous: -$27.5M+41.8%
Cash & Equivalents

$145M

Previous: $115M+26.0%
Total Assets

$314M

Previous: $221M+41.9%
R&D Expense

$10.4M

Previous: $14.9M-30.2%
Stock-Based Comp

$3.02M

Previous: $2.98M+1.6%

Revenue & EPS history

Esperion · Revenue · Quarterly

$51.6M

Q3 2024+52%vs Q3 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Esperion · $34M total across 2 segments · Q3 2023

  • U.S. Net Product Revenue
    $20.3M+44.6%
  • Collaboration Revenue
    $13.7M+173.5%

Forward guidance

The company reiterates its full year 2024 operating expense guidance, which is expected to be approximately $225 million to $245 million, including $20 million in non-cash expenses related to stock compensation.

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 Q3 2024

Historical avgQ3 2024

-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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