NASDAQ$HRTX

Heron Therapeutics Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial results for Q4 2022 and highlighted recent corporate updates.

Heron Therapeutics reported a net product sales increase for the fourth quarter of 2022, driven by growth in both its acute care and oncology care franchises. The company launched APONVIE and saw continued growth in ZYNRELEF sales. A significant reduction in cost of goods for CINVANTI was achieved.

  • ZYNRELEF net product sales increased 44% over the prior quarter to $3.9 million.
  • Oncology care franchise net product sales were $26.1 million, compared to $19.9 million for the same period in 2021.
  • CINVANTI net product sales were $23.1 million, compared to $17.4 million for the same period in 2021.
  • SUSTOL net product sales were $3.0 million, compared to $2.5 million for the same period in 2021.

Headline financials

Total Revenue

$30M

Previous: $20.7M+45.4%
EPS (adj)

-$0.17

Previous: -$0.54+68.5%
Capital Expenditures

$414K

Previous: $390K+6.2%
Free Cash Flow

-$37.9M

Previous: -$45.6M+16.9%
Net Income

-$19.9M

Previous: -$54.6M+63.6%
Operating Income

-$20.4M

Previous: -$53.5M+62.0%
Gross Profit

$17.4M

Previous: $9.71M+79.1%
Cash & Equivalents

$15.4M

Previous: $90.5M-83.0%
Total Assets

$251M

Previous: $306M-17.9%
Stock-Based Comp

$10.5M

Previous: $12.9M-18.4%

Revenue & EPS history

Heron Therapeutics · Revenue · Quarterly

$30M

Q4 2022+45.4%vs Q4 2021
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Heron Therapeutics · $30M total across 3 segments · Q4 2022

  • CINVANTI
    $23.1M+32.8%
  • ZYNRELEF
    $3.9M+387.5%
  • SUSTOL
    $3M+20.0%

Forward guidance

Heron currently expects full-year 2023 net product sales for the oncology care franchise of $99 million to $103 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 Q4 2022

Historical avgQ4 2022

-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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