NASDAQ$IONS

Ionis Pharmaceuticals · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Ionis reported financial results for Q2 2020, highlighting commercial and R&D revenue growth and a strong cash position.

Ionis Pharmaceuticals reported a net loss of $32 million on a GAAP basis but achieved net income of $8 million on a non-GAAP basis. The company saw growth in commercial and R&D revenues and maintained a strong cash position of over $2.3 billion.

  • Achieved net income on a non-GAAP basis.
  • Commercial revenue from SPINRAZA royalties increased to $72 million.
  • Product sales from TEGSEDI and WAYLIVRA increased to $16 million.
  • R&D revenue increased to more than $55 million.

Headline financials

Total Revenue

$146M

Previous: $164M-11.2%
EPS (adj)

-$0.23

Previous: -$0.01-2200.0%
Capital Expenditures

-$18.2M

Previous: -$7.24M-151.0%
Free Cash Flow

-$50M

Previous: -$8.12M-516.1%
Net Income

-$31.8M

Previous: -$876K-3535.3%
Operating Income

-$51.8M

Previous: -$18.8M-174.9%
Gross Profit

$143M

Previous: $162M-12.3%
Cash & Equivalents

$530M

Previous: $273M+94.5%
Total Assets

$3.08B

Previous: $2.88B+7.0%
Stock-Based Comp

$48.4M

Previous: $41.9M+15.5%

Revenue & EPS history

Ionis · Revenue · Quarterly

$146M

Q2 2020-11.2%vs Q2 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Ionis · $151M total across 2 segments · Q2 2023

  • Collaborative Agreement Rev
    $90M+130.8%
  • SPINRAZA Royalties
    $61M+1.7%

Forward guidance

Ionis is maintaining its 2020 financial guidance and expects revenue and earnings growth in the second half of this year.

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 Q2 2020

Historical avgQ2 2020

+0.2%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+1.2%

Avg return

30 days after

51%

35 / 68 earnings

Positive

+30.2%

Q3 2016

Best reaction

-13.5%

Q3 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.2%+5.1%+6.6%
Q4 2025-5.3%-4.1%-15.6%
Q3 2025-2.3%+0.1%+12.5%
Q1 2025+3.0%+12.9%+12.4%
Q4 2024-0.4%-0.2%+3.0%
Q3 2024-0.9%+0.2%-1.8%
Q2 2024-0.7%-4.9%-3.6%
Q1 2024-5.0%-7.6%-5.7%
Q4 2023-0.8%+3.9%-3.7%
Q3 2023+4.3%+5.4%+14.1%
Q2 2023+0.7%+0.8%+4.2%
Q1 2023+1.3%-1.0%+17.5%
Q4 2022-4.0%-5.3%-11.2%
Q3 2022+7.6%+4.2%-11.2%
Q2 2022+0.9%-3.5%-3.2%
Q1 2022-1.2%-17.6%-6.1%
Q4 2021+3.4%+10.9%+19.3%
Q3 2021+5.0%+5.8%-20.0%
Q2 2021+4.2%+2.0%+4.5%
Q1 2021-11.1%-13.7%-17.7%
Q4 2020-4.7%-3.6%-23.4%
Q3 2020+3.7%+6.6%+9.0%
Q2 2020-4.6%-8.7%-6.1%
Q1 2020-7.7%-2.7%-0.3%
Q4 2019-3.6%-5.4%-10.7%
Q3 2019+1.8%+4.2%+18.8%
Q2 2019+6.6%+6.2%-3.6%
Q1 2019+0.9%-2.8%-7.2%
Q4 2018+15.2%+14.4%+31.7%
Q3 2018+5.4%-0.0%+8.8%
Q2 2018+4.4%+11.6%+1.9%
Q1 2018+7.4%+3.7%+12.9%
Q4 2017+2.8%-4.7%-14.2%
Q3 2017+0.9%+3.0%-0.6%
Q2 2017-8.6%-11.0%+7.4%
Q1 2017-2.6%+3.9%+10.3%
Q4 2016+5.4%+16.6%-13.8%
Q3 2016+30.2%+51.0%+44.9%
Q2 2016+0.1%-2.5%-14.1%
Q1 2016-8.7%
Q4 2015-4.6%
Q3 2015+14.8%
Q2 2015+1.0%
Q1 2015+1.2%
Q4 2014-0.8%
Q3 2014+4.4%
Q2 2014+6.3%
Q1 2014-6.5%
Q4 2013-9.7%
Q3 2013-6.1%
Q2 2013-4.2%
Q1 2013-12.4%
Q4 2012+7.6%
Q3 2012-7.0%
Q2 2012+3.9%
Q1 2012+7.6%
Q4 2011+2.8%
Q3 2011-13.5%
Q2 2011-8.2%
Q1 2010-2.7%
Q1 2011+2.8%
Q4 2008-1.6%
Q4 2010-1.6%
Q3 2009+2.5%
Q3 2010+2.5%
Q4 2009-3.8%
Q2 2010-3.8%
Q2 2009-3.8%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro