NASDAQ$OCUL

Ocular Therapeutix Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Ocular Therapeutix reported financial results for the first quarter ended March 31, 2020, featuring a 31% sequential increase in DEXTENZA net product revenue compared to the previous quarter and announced positive Phase 3 clinical trial results for DEXTENZA in allergic conjunctivitis.

Ocular Therapeutix announced its Q1 2020 financial results, highlighting a 31% sequential increase in DEXTENZA net product revenue, reaching $2.1 million. The company also reported positive Phase 3 clinical trial results for DEXTENZA in allergic conjunctivitis and plans to file an sNDA with the FDA by the end of 2020.

  • DEXTENZA net product revenue increased by 31% sequentially compared to Q4 2019, reaching $2.1 million.
  • Positive Phase 3 clinical trial results were announced for DEXTENZA in treating allergic conjunctivitis.
  • The company plans to file an sNDA with the FDA for DEXTENZA by the end of 2020.
  • Clinical programs are progressing, potentially setting new standards of care in areas like wet AMD, glaucoma, dry eye, and post-operative pain and inflammation.

Headline financials

Total Revenue

$2.61M

Previous: $492K+430.3%
EPS (adj)

-$0.41

Previous: -$0.45+8.9%
Capital Expenditures

-$249K

Previous: -$725K+65.7%
Free Cash Flow

-$21.8M

Previous: -$17.8M-21.9%
Net Income

-$21.5M

Previous: -$17.1M-25.6%
Operating Income

-$16.6M

Previous: -$19.7M+15.5%
Gross Profit

$1.79M

Previous: $364K+391.8%
Cash & Equivalents

$48.2M

Previous: $76.3M-36.9%
Total Assets

$72.9M

Previous: $101M-28.2%
Stock-Based Comp

$1.67M

Previous: $1.94M-14.3%

Revenue & EPS history

Ocular Therapeutix · Revenue · Quarterly

$2.61M

Q1 2020+430.3%vs Q1 2019
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Ocular Therapeutix · $2.1M total across 1 segment · Q1 2020

  • Product Revenue
    $2.1M

Forward guidance

Ocular Therapeutix is progressing with its clinical programs and anticipates regulatory and competitive landscape changes to positively impact its future prospects.

Tailwinds

  • Continued development programs performing well in the clinic.
  • Changes in the regulatory and competitive landscapes provide increased confidence in the future.
  • Clinical program successes are tracking toward target product profiles.
  • External environment changes make the company more confident in regulatory pathways and potential market acceptability.
  • Increased interest in hands-free products like DEXTENZA due to COVID-19 pandemic concerns over infection risk.

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 Q1 2020

Historical avgQ1 2020

-2.3%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+5.2%

Avg return

30 days after

33%

14 / 43 earnings

Positive

+24.0%

Q3 2016

Best reaction

-20.4%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.7%-1.2%-10.0%
Q3 2025-4.4%-4.9%+8.9%
Q1 2025-12.4%-19.8%-4.8%
Q4 2024+9.6%+27.3%+18.1%
Q3 2024-13.6%-15.8%-18.0%
Q2 2024+1.8%+1.3%+6.3%
Q1 2024-0.9%-2.4%-10.3%
Q4 2023-6.9%-5.2%-20.7%
Q3 2023-10.7%-23.7%+34.8%
Q2 2023-13.7%-3.5%-13.7%
Q1 2023+4.8%-0.6%+18.6%
Q4 2022-0.6%-17.6%-16.8%
Q3 2022-9.7%-6.6%-20.0%
Q2 2022-1.0%+10.5%+18.5%
Q1 2022-4.3%-5.5%+12.4%
Q4 2021-0.4%-10.7%-8.5%
Q3 2021+9.5%+0.0%-2.9%
Q2 2021+4.4%+2.2%+1.6%
Q1 2021-5.1%-9.4%-13.3%
Q4 2020+6.0%-2.1%-16.0%
Q3 2020+6.6%+11.1%+68.8%
Q2 2020+0.0%-2.6%-8.7%
Q1 2020-1.7%-4.8%+9.0%
Q4 2019-11.4%+47.3%+1.5%
Q3 2019-5.5%-4.4%+38.2%
Q2 2019-9.5%-6.9%-5.6%
Q1 2019-4.6%-1.6%-9.0%
Q4 2018-0.2%+1.4%+3.3%
Q3 2018+8.0%+1.0%+11.1%
Q2 2018+8.7%+14.5%+23.2%
Q1 2018+0.3%+6.4%+7.7%
Q4 2017-0.8%+6.4%+2.7%
Q3 2017-13.7%-12.1%-34.4%
Q2 2017-4.3%-1.5%+13.9%
Q1 2017-11.3%-9.9%+20.9%
Q4 2016-1.6%+0.5%-5.6%
Q3 2016+24.0%+42.9%+77.3%
Q2 2016-4.4%+11.0%+18.3%
Q1 2016-8.0%
Q4 2015+2.4%
Q3 2015-20.4%
Q2 2015-12.2%
Q1 2015
Q3 2014+5.6%
Q1 2014
Q4 2014
Q3 2013
Q2 2013
Q1 2013

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