NASDAQ$ETON

Eton Pharmaceuticals Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Eton Pharmaceuticals reported fourth quarter results, marked by revenue growth and strategic advancements.

Eton Pharmaceuticals reported a strong fourth quarter, marked by a 220% increase in product sales and royalty revenue compared to the prior year, driven by ALKINDI SPRINKLE and Carglumic Acid. The company is optimistic about future growth, expecting to at least double product sales and royalty revenue in 2023.

  • Reported eighth consecutive quarter of sequential growth in product sales and royalty revenue.
  • Experienced a 220% increase in product sales and royalty revenue compared to the prior year, reaching $3.5 million.
  • Expanded rare disease sales force to enhance product promotion and market penetration.
  • Continued to see increased adoption of Carglumic Acid and ALKINDI SPRINKLE.

Headline financials

Total Revenue

$8.5M

Previous: $6.09M+39.5%
EPS (adj)

$0.04

Previous: $0.04+0.0%
Capital Expenditures

$12K

Previous: $4K+200.0%
Free Cash Flow

$2.83M

Previous: -$5.12M+155.2%
Net Income

$900K

Previous: $1M-10.0%
Operating Income

$1.1M

Previous: $1.31M-16.3%
Gross Profit

$6.4M

Previous: $5.81M+10.1%
Cash & Equivalents

$16.3M

Previous: $14.4M+13.2%
Total Assets

$25M

Previous: $27.5M-8.9%
Stock-Based Comp

$886K

Previous: $863K+2.7%

Revenue & EPS history

Eton · Revenue · Quarterly

$8.5M

Q4 2022+39.5%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Eton · $24.3M total across 1 segment · Q1 2026

  • Product Sales and Royalties
    $24.3M

Forward guidance

Eton Pharmaceuticals anticipates continued strong growth in 2023, expecting to at least double product sales and royalty revenue. Key growth drivers include ALKINDI SPRINKLE, Carglumic Acid, and the planned launches of Betaine and dehydrated alcohol injection.

Tailwinds

  • Continued momentum of ALKINDI SPRINKLE and Carglumic Acid.
  • Completed sales force expansion to accelerate growth.
  • Planned launch of Betaine in the coming weeks.
  • Anticipated launch of dehydrated alcohol injection later in the year.
  • Strong interest in Betaine from patients, prescribers, and advocacy groups.

Headwinds

  • Fourth quarter 2022 product sales were negatively impacted by a slowdown in new patient adds during the holiday season.
  • Timing of ALKINDI SPRINKLE® product orders from the Company’s specialty pharmacy customer affected sales.
  • Risks associated with the process of discovering, developing and commercializing drugs.
  • Uncertainties related to regulatory filings and approvals.
  • Potential delays in product launches.

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 2022

Historical avgQ4 2022

+0.6%

Avg return

Earnings day

+3.0%

Avg return

5 days after

+1.9%

Avg return

30 days after

48%

15 / 31 earnings

Positive

+36.0%

Q2 2023

Best reaction

-14.1%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.0%+6.7%
Q4 2025+7.5%+14.8%+20.6%
Q3 2025-11.4%-8.8%-15.0%
Q2 2025+12.5%+12.2%+15.8%
Q1 2025+0.4%+14.6%-16.2%
Q4 2024-4.0%-7.0%-6.2%
Q3 2024+9.2%+3.2%+25.2%
Q2 2024+6.6%+8.0%+31.5%
Q1 2024-7.8%-2.4%-3.0%
Q4 2023-14.1%-21.0%-23.7%
Q3 2023-13.7%-16.6%-19.1%
Q2 2023+36.0%+79.5%+83.7%
Q1 2023+2.8%+2.6%+10.3%
Q4 2022+2.6%+7.1%-7.4%
Q3 2022+18.5%+20.9%+22.8%
Q2 2022-1.0%-19.4%-22.8%
Q1 2022+1.3%+6.5%-4.9%
Q4 2021+6.1%+8.7%-1.5%
Q3 2021-3.4%-9.2%-20.7%
Q2 2021-5.0%-0.2%+12.7%
Q1 2021+5.2%+7.5%-13.4%
Q4 2020-0.7%-1.1%+5.9%
Q3 2020-1.5%+2.9%+19.9%
Q2 2020-2.2%+4.4%+12.4%
Q1 2020-9.2%-10.3%-1.1%
Q4 2019-8.4%-21.9%-39.8%
Q3 2019+1.9%+2.3%+9.2%
Q2 2019+1.6%-1.8%-14.2%
Q1 2019+3.2%+12.2%+5.9%
Q4 2018-2.3%+2.6%-5.8%
Q3 2018-8.1%-4.8%-3.2%
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017

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