NASDAQ$ESPR

Esperion Therapeutics Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Esperion's Q4 2023 financial results were reported, showcasing significant revenue growth and strategic advancements.

Esperion reported a 72% increase in Q4 total revenue, driven by U.S. net product revenue growth of 39% and collaboration revenue growth of 195%. The company also resolved litigation with DSE, securing $100 million and potential cost savings. They are preparing for potential cardiovascular risk reduction label approvals from the FDA and EMA.

  • Total revenue increased by 72% year-over-year to $32.3 million.
  • U.S. net product revenue grew by 39% year-over-year to $20.8 million.
  • Collaboration revenue increased by 195% year-over-year to $11.5 million.
  • Retail prescription equivalents grew 44% year-over-year and 8% quarter-over-quarter.

Headline financials

Total Revenue

$32.3M

Previous: $18.8M+71.4%
EPS (adj)

-$0.50

Previous: -$0.76+34.2%
Net Income

-$56.3M

Previous: -$55.5M-1.5%
Operating Income

-$42.4M

Previous: -$57.1M+25.8%
Gross Profit

$20.8M

Previous: $18.8M+10.5%
R&D Expense

$17.7M

No prior period
Stock-Based Comp

$2.92M

Previous: $3.72M-21.4%

Revenue & EPS history

Esperion · Revenue · Quarterly

$32.3M

Q4 2023+71.4%vs Q4 2022
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 expects full year 2024 operating expenses 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 19 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

-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

Earnings price reactions
QuarterReport dateReaction (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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