NASDAQ$LGND
Ligand Pharmaceuticals Incorporated · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Reported financial results with increased royalties driven by Pelican platform and progress towards OmniAb spin-off.
Ligand reported a net loss of $(5.0) million for Q4 2021, or $(0.30) per share, compared to a net income of $5.8 million, or $0.35 per diluted share for the same period in 2020. Total revenues for the fourth quarter of 2021 were $72.5 million, compared with $70.0 million for the same period in 2020.
- Total revenues for Q4 2021 were $72.5 million, compared to $70.0 million for Q4 2020.
- Royalties for Q4 2021 were $17.6 million, compared to $11.0 million for Q4 2020, driven by additional royalties from the Pelican platform.
- Captisol sales were $35.4 million for Q4 2021, compared to $41.0 million for Q4 2020, due to lower sales for remdesivir manufacturing.
- The company is planning for Ligand to directly fund the OmniAb business at the time of the spin-off.
Headline financials
Revenue & EPS history
Ligand · Revenue · Quarterly
$72.5M
Revenue by segment
Ligand · $17.6M total across 1 segment · Q4 2021
- Royalties$17.6M+58.9%100.0%
Forward guidance
Ligand provides 2022 revenue guidance for the combined business and information about revenue estimated to be attributable to the OmniAb business.
Tailwinds
- Ligand expects 2022 royalties of $55 million to $60 million.
- Material sales are expected to be $40 million to $50 million.
- Contract revenue is projected to be $52 million to $62 million.
- Total revenue is expected to be $147 million to $172 million for the combined Ligand business.
- OmniAb expects to file a Form 10 with the Securities and Exchange Commission and complete its separation in the first half of 2022.
Headwinds
- The separation remains subject to final approval by Ligand’s Board of Directors.
- There can be no assurance that this process will result in Ligand pursuing a particular transaction or consummating any such transaction.
- There can be no assurance that the anticipated benefits of a separation will materialize should the separation be completed.
- Following the completion of the separation process, Ligand will provide more detailed guidance on expenses and earnings.
- Two-thirds of the contract revenue guidance is estimated to be attributable to OmniAb and a couple million of the royalty revenue will be attributable to OmniAb.
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 2021
+0.1%
Avg return
Earnings day
+2.0%
Avg return
5 days after
-0.8%
Avg return
30 days after
52%
33 / 64 earnings
Positive
+18.7%
Q4 2013
Best reaction
-21.6%
Q3 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +5.3% | +5.0% | — | |
| Q4 2025 | +2.6% | +6.7% | +2.1% | |
| Q3 2025 | +9.3% | +9.6% | -2.9% | |
| Q1 2025 | -3.2% | +0.0% | +0.4% | |
| Q4 2024 | +0.6% | +0.2% | -6.4% | |
| Q3 2024 | +3.7% | +3.3% | +6.8% | |
| Q2 2024 | -4.9% | +2.1% | +5.1% | |
| Q1 2024 | +10.3% | +19.8% | +13.1% | |
| Q4 2023 | +13.3% | +5.8% | -1.8% | |
| Q3 2023 | +2.8% | +3.8% | +16.3% | |
| Q2 2023 | +6.7% | +1.4% | -4.2% | |
| Q1 2023 | +5.2% | +3.2% | -0.2% | |
| Q4 2022 | +5.9% | +3.0% | -2.1% | |
| Q3 2022 | +12.8% | +31.3% | +6.0% | |
| Q2 2022 | +5.7% | +9.5% | -3.5% | |
| Q1 2022 | -2.9% | -13.0% | -9.1% | |
| Q4 2021 | -16.3% | -19.7% | -8.7% | |
| Q3 2021 | +7.8% | +4.9% | -6.9% | |
| Q2 2021 | -8.1% | -10.0% | -7.4% | |
| Q1 2021 | -9.5% | -10.5% | -22.3% | |
| Q4 2020 | +1.7% | +17.6% | -18.5% | |
| Q3 2020 | -0.2% | +5.4% | +3.4% | |
| Q2 2020 | +0.6% | +0.4% | -11.9% | |
| Q1 2020 | +3.2% | +6.8% | +22.1% | |
| Q4 2019 | +3.3% | +2.8% | +16.7% | |
| Q3 2019 | -7.4% | -1.4% | -4.9% | |
| Q2 2019 | -14.8% | -11.5% | -14.7% | |
| Q1 2019 | -3.3% | -4.1% | -14.6% | |
| Q4 2018 | -2.7% | +1.8% | -10.0% | |
| Q3 2018 | -2.7% | -8.9% | -10.7% | |
| Q2 2018 | +9.8% | +7.7% | +13.0% | |
| Q1 2018 | +7.3% | +13.2% | +26.4% | |
| Q4 2017 | +0.0% | -1.9% | +3.7% | |
| Q3 2017 | -4.9% | -1.3% | -8.4% | |
| Q2 2017 | +5.7% | +2.5% | +9.4% | |
| Q1 2017 | -2.9% | +0.2% | +1.2% | |
| Q4 2016 | -2.8% | +1.3% | +1.5% | |
| Q3 2016 | -2.7% | +3.1% | +10.8% | |
| Q2 2016 | -7.4% | -13.2% | -20.2% | |
| Q1 2016 | -1.4% | — | — | |
| Q4 2015 | -4.2% | — | — | |
| Q3 2015 | +5.1% | — | — | |
| Q2 2015 | +2.3% | — | — | |
| Q1 2015 | +4.5% | — | — | |
| Q4 2014 | +2.3% | — | — | |
| Q3 2014 | -3.9% | — | — | |
| Q2 2014 | +7.7% | — | — | |
| Q1 2014 | -2.9% | — | — | |
| Q4 2013 | +18.7% | — | — | |
| Q3 2013 | -10.7% | — | — | |
| Q2 2013 | -1.7% | — | — | |
| Q1 2013 | +1.7% | — | — | |
| Q4 2012 | +7.4% | — | — | |
| Q3 2012 | +10.8% | — | — | |
| Q2 2012 | -8.8% | — | — | |
| Q4 2011 | -8.8% | — | — | |
| Q1 2012 | +1.3% | — | — | |
| Q3 2011 | -21.6% | — | — | |
| Q2 2011 | -6.5% | — | — | |
| Q1 2011 | +0.9% | — | — | |
| Q4 2010 | -0.3% | — | — | |
| Q3 2010 | -2.4% | — | — | |
| Q2 2010 | -3.6% | — | — | |
| Q1 2010 | -9.6% | — | — |
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