NASDAQ$EYPT

EyePoint Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

EyePoint Pharmaceuticals reported financial results for Q4 2022 and highlighted recent corporate developments.

EyePoint Pharmaceuticals reported total net revenue of $10.5 million for the quarter ended December 31, 2022, compared to $11.5 million for the quarter ended December 31, 2021. Net loss was $43.5 million, or ($1.16) per share, compared to a net loss of $19.4 million, or ($.59) per share, for the prior year period.

  • Net product revenues for Full Year 2022 of $39.9 million, a 13.0% increase versus Full Year 2021 of $35.3 million
  • YUTIQ net product revenue was $9.0 million in Q4 2022, a 55% increase compared to Q4 2021.
  • Customer demand for YUTIQ was approximately 980 units in Q4 2022 compared to approximately 890 units for 3Q 2022, a 10% increase.
  • $144.6M of cash and investments at December 31, 2022 with cash runway projected into 2H 2024

Headline financials

Total Revenue

$10.5M

Previous: $11.5M-8.8%
EPS (adj)

-$0.61

Previous: -$0.59-3.4%
Research and Development

$15.5M

Previous: $8.92M+74.3%
Total Operating Expenses

$54.3M

Previous: $29.6M+83.4%
Capital Expenditures

$585K

No prior period
Free Cash Flow

-$13.2M

Previous: -$16.7M+21.0%
Net Income

-$43.5M

Previous: -$19.4M-123.6%
Operating Income

-$43.7M

Previous: -$18.1M-142.3%
Gross Profit

$7.12M

Previous: $8.51M-16.3%
Cash & Equivalents

$95.6M

Previous: $179M-46.5%
Total Assets

$180M

Previous: $263M-31.5%
Stock-Based Comp

$3.36M

Previous: $2.81M+19.7%

Revenue & EPS history

EyePoint Pharmaceuticals · Revenue · Quarterly

$10.5M

Q4 2022-8.8%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

EyePoint Pharmaceuticals · $10.1M total across 2 segments · Q4 2022

  • Product sales, net
    $9.86M-11.9%
  • License and Royalties
    $202K+24.7%

Forward guidance

We expect the cash, cash equivalents and investments on hand on December 31, 2022 and expected net cash inflows from our product sales will enable us to fund our 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 2022

Historical avgQ4 2022

-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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