NASDAQ$HRTX
Heron Therapeutics Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Heron Therapeutics reported positive Adjusted EBITDA and revenue growth.
Heron Therapeutics announced its Q3 2024 financial results, reporting positive Adjusted EBITDA and continued revenue growth. The company is narrowing its full-year 2024 guidance for Product Revenues, Net, Adjusted Operating Expenses and Adjusted EBITDA. Key developments include the approval and upcoming launch of the ZYNRELEF VAN and the inclusion of ZYNRELEF in the CMS Final Rule Non-Opioid Policy for Pain Relief.
- Reported positive YTD 2024 Adjusted EBITDA of $1.4 million.
- Company expects Q4 2024 Net Revenue in the range of $37 million - $43 million.
- ZYNRELEF® (bupivacaine and meloxicam) extended-release solution Vial Access Needle (“VAN”) approved in September and on track for Q4 2024 launch.
- CMS Final Rule Non-Opioid Policy for Pain Relief includes ZYNRELEF as a qualifying product for separate payment in both the hospital outpatient department and ambulatory surgical center settings of care.
Headline financials
Revenue & EPS history
Heron Therapeutics · Revenue · Quarterly
$32.8M
Revenue by segment
Heron Therapeutics · $31.4M total across 4 segments · Q3 2023
- CINVANTI$23.3M+9.9%74.2%
- ZYNRELEF$4.4M+63.0%14.0%
- SUSTOL$3.4M+25.9%10.8%
- APONVIE$300K—1.0%
Forward guidance
The Company narrows its full-year 2024 guidance for Product Revenues, Net, Adjusted Operating Expenses, and Adjusted EBITDA.
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 Q3 2024
-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
| Quarter | Report date | Reaction (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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