NASDAQ$EYPT

EyePoint Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

EyePoint Pharmaceuticals reported mixed Q4 2021 results, with increased revenue offset by higher operating expenses and a net loss.

EyePoint Pharmaceuticals reported Q4 2021 financial results, featuring a rise in total net revenue to $11.5 million compared to $7.1 million in Q4 2020. Net product revenue increased to $11.2 million from $6.7 million year-over-year, driven by record customer demand for YUTIQ and DEXYCU. However, operating expenses also increased, leading to a net loss of $19.4 million, or ($0.59) per share, compared to a net loss of $15.5 million, or ($1.07) per share, in the prior year period. The company's cash and investments totaled $211.6 million as of December 31, 2021.

  • Total net revenue increased to $11.5 million in Q4 2021, compared to $7.1 million in Q4 2020.
  • Net product revenue for Q4 2021 was $11.2 million, up from $6.7 million in Q4 2020.
  • Operating expenses rose to $29.6 million in Q4 2021, compared to $19.9 million in the prior year period.
  • Net loss for Q4 2021 was $19.4 million, or ($0.59) per share, compared to a net loss of $15.5 million, or ($1.07) per share, in Q4 2020.

Headline financials

Total Revenue

$11.5M

Previous: $7.13M+61.9%
EPS (adj)

-$0.59

Previous: -$1.00+41.0%
Research and Development

$8.92M

Previous: $5.21M+71.3%
Total Operating Expenses

$29.6M

Previous: $19.9M+49.0%
Free Cash Flow

-$16.7M

No prior period
Net Income

-$19.4M

Previous: -$15.5M-25.6%
Operating Income

-$18.1M

Previous: -$12.7M-41.7%
Gross Profit

$8.51M

No prior period
Cash & Equivalents

$179M

Previous: $44.9M+297.7%
Total Assets

$263M

Previous: $91.7M+187.2%
Stock-Based Comp

$2.81M

No prior period

Revenue & EPS history

EyePoint Pharmaceuticals · Revenue · Quarterly

$11.5M

Q4 2021+61.9%vs Q4 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

EyePoint Pharmaceuticals · $11.3M total across 2 segments · Q4 2021

  • Product sales, net
    $11.2M+67.4%
  • License and Royalties
    $162K-54.0%

Forward guidance

EyePoint Pharmaceuticals expects that its cash on hand as of December 31, 2021, along with expected net cash inflows from product sales, will be sufficient to fund its current and planned operations into the second half of 2024.

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 Q4 2021

Historical avgQ4 2021

-0.4%

Avg return

Earnings day

-1.2%

Avg return

5 days after

-3.7%

Avg return

30 days after

48%

28 / 58 earnings

Positive

+21.1%

Q3 2023

Best reaction

-37.2%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.4%+1.9%-11.9%
Q4 2025-1.9%-14.5%-26.9%
Q3 2025-11.0%-8.4%+43.2%
Q1 2025-2.2%-6.4%+43.0%
Q4 2024+8.2%+16.6%-24.2%
Q3 2024-3.7%-8.0%-27.9%
Q2 2024+1.6%-7.3%-11.6%
Q1 2024+6.7%+2.9%-23.3%
Q4 2023-5.2%-11.4%-21.2%
Q3 2023+21.1%+26.7%+9.8%
Q2 2023-1.3%-2.6%-17.2%
Q1 2023+4.5%-0.3%-7.9%
Q4 2022+2.8%-0.9%-7.3%
Q3 2022-1.3%-3.5%-37.5%
Q2 2022+13.3%+14.2%-0.2%
Q1 2022-4.9%-19.5%-23.8%
Q4 2021+16.6%+34.3%+23.9%
Q3 2021+10.1%+26.1%+18.6%
Q2 2021+6.5%+8.3%+28.7%
Q1 2021-8.1%-14.8%-12.0%
Q4 2020-18.6%-12.4%-6.8%
Q3 2020-7.5%+10.0%+30.0%
Q2 2020-8.2%-6.8%-32.9%
Q1 2020-3.3%-2.2%-8.9%
Q4 2019-11.1%-27.1%-47.2%
Q3 2019-37.2%-41.6%-35.1%
Q2 2019+11.9%+3.2%+20.6%
Q4 2018-3.5%+2.2%+41.0%
Q3 2018+6.7%-15.9%-4.6%
Q2 2018-2.7%-5.5%+12.7%
Q1 2018-2.4%+9.5%+0.8%
Q4 2017+1.6%-5.5%-3.1%
Q3 2017+16.6%+17.8%+33.1%
Q2 2017+4.1%+5.3%+0.0%
Q1 2017+1.0%-2.0%-11.2%
Q4 2016+1.6%-4.1%-35.7%
Q3 2016+0.7%
Q2 2016-10.1%
Q1 2016-2.3%
Q4 2015-1.3%
Q3 2015-12.3%
Q2 2015+2.3%
Q1 2015+1.1%
Q4 2014-1.5%
Q3 2014+2.2%
Q2 2014+4.6%
Q1 2014-0.4%
Q4 2013+2.2%
Q3 2013+0.0%
Q3 2012+2.1%
Q4 2010-0.6%
Q4 2012+3.1%
Q1 2012+0.9%
Q4 2011-6.9%
Q3 2011-5.5%
Q1 2011+1.6%
Q3 2010-1.7%
Q1 2010-4.1%

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