NASDAQ$HRTX

Heron Therapeutics Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported financial results for Q2 2020 and highlighted recent corporate updates.

Heron Therapeutics reported net product sales of $22.7 million for the three months ended June 30, 2020, compared to $36.7 million for the same period in 2019. The net loss for the three months ended June 30, 2020 was $55.2 million, or $0.61 per share, compared to $50.2 million, or $0.63 per share, for the same period in 2019.

  • Received positive CHMP opinion for ZYNRELEF™ in the EU.
  • Received Complete Response Letter from the FDA regarding the NDA for HTX-011.
  • Initiated Phase 1b/2 Clinical Study of HTX-034 for the Treatment of Postoperative Pain.
  • Initiated Phase 2 Clinical Study of CINVANTI® for the Treatment of COVID-19.

Headline financials

Total Revenue

$22.7M

Previous: $36.7M-38.2%
EPS (adj)

-$0.61

Previous: -$0.63+3.2%
Capital Expenditures

-$3.69M

Previous: -$4.3M+14.2%
Free Cash Flow

-$58.9M

Previous: -$54.5M-8.0%
Net Income

-$55.2M

Previous: -$50.2M-9.9%
Operating Income

-$55.7M

Previous: -$51.8M-7.7%
Gross Profit

$13.7M

Previous: $23.1M-40.8%
Cash & Equivalents

$80.7M

No prior period
Total Assets

$433M

No prior period

Revenue & EPS history

Heron Therapeutics · Revenue · Quarterly

$22.7M

Q2 2020-38.2%vs Q2 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Heron Therapeutics · $22.7M total across 2 segments · Q2 2020

  • CINVANTI
    $22.6M-31.9%
  • SUSTOL
    $100K-97.1%

Forward guidance

Heron anticipates a decrease in new diagnoses and chemotherapy patient starts because of the onging COVID-19 pandemic, the Company is maintaining its 2020 guidance for net product sales for the CINV franchise of $70 million to $80 million.

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 Q2 2020

Historical avgQ2 2020

-0.9%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+1.4%

Avg return

30 days after

48%

30 / 63 earnings

Positive

+57.6%

Q3 2023

Best reaction

-42.9%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-21.1%-29.8%-66.3%
Q4 2025+12.4%+6.5%-27.8%
Q3 2025-1.8%-6.8%+11.0%
Q1 2025+13.8%-0.9%-6.1%
Q4 2024+19.9%+49.1%+32.2%
Q3 2024-34.2%-35.3%-13.0%
Q2 2024-24.0%-24.7%-31.6%
Q1 2024+6.0%-2.5%+27.8%
Q4 2023+24.9%+27.0%+22.0%
Q3 2023+57.6%+98.2%+230.9%
Q2 2023+3.4%+1.9%-21.6%
Q1 2023-42.9%-48.6%-49.4%
Q4 2022-3.3%-18.3%+40.1%
Q3 2022-12.0%+0.6%-20.5%
Q2 2022+31.7%+48.5%+33.6%
Q1 2022-14.8%-12.7%-34.3%
Q4 2021-23.8%-29.7%-24.6%
Q3 2021+0.8%+10.1%-24.0%
Q2 2021-0.3%-6.4%-1.4%
Q1 2021+11.1%-16.7%-11.2%
Q4 2020+1.1%+1.3%-14.7%
Q3 2020-5.1%-0.1%+1.5%
Q2 2020-9.4%-8.3%-18.8%
Q1 2020+2.4%+7.2%+34.1%
Q4 2019-1.0%-11.4%-41.6%
Q3 2019-2.3%+4.8%+24.1%
Q2 2019+0.5%+10.3%+10.3%
Q1 2019+6.3%+7.0%+4.6%
Q4 2018-1.4%-1.8%-15.3%
Q3 2018+3.8%-4.6%-8.1%
Q2 2018+2.5%+1.8%-2.6%
Q1 2018+1.2%+4.3%+0.3%
Q4 2017-10.2%-6.2%+21.9%
Q3 2017-0.3%+1.9%-4.2%
Q2 2017-1.6%-0.6%+0.9%
Q1 2017-9.3%-8.9%-13.7%
Q4 2016+0.4%+3.2%+6.5%
Q3 2016+13.3%+7.7%+7.3%
Q2 2016+5.1%+8.0%-2.4%
Q1 2016-14.9%
Q3 2015-0.5%
Q2 2015-1.5%
Q1 2015+1.4%
Q4 2014+5.4%
Q3 2014-5.8%
Q2 2014-0.1%
Q1 2014+1.1%
Q4 2013+3.7%
Q3 2013+2.2%
Q2 2013-2.2%
Q1 2013+6.8%
Q4 2012-2.9%
Q3 2012-3.3%
Q2 2012-5.9%
Q1 2012+2.3%
Q4 2011+18.2%
Q3 2011+0.0%
Q2 2011+3.6%
Q1 2011+5.3%
Q4 2010-21.3%
Q3 2010-26.9%
Q2 2010-4.7%
Q1 2010-12.8%

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