NASDAQ$OCUL

Ocular Therapeutix Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Ocular Therapeutix reported first quarter 2022 financial results, with DEXTENZA® net product revenue reaching $12.5 million, an 87% year-over-year increase.

Ocular Therapeutix reported an 81% increase in total net revenue, reaching $13.2 million for the first quarter of 2022. DEXTENZA® net product revenue increased by 87% year-over-year, totaling $12.5 million. The company's pipeline progressed, with the completion of enrollment in the U.S. Phase 1 clinical trial for OTX-TKI and the commencement of dosing in the Phase 2 clinical trial for OTX-TIC.

  • Net revenue reached $13.2 million, an 81% increase year-over-year.
  • DEXTENZA net product revenue was $12.5 million, an 87% increase year-over-year.
  • Collaboration revenue was $0.7 million from the licensing agreement with AffaMed.
  • The company believes that existing cash and cash equivalents are sufficient to enable the Company to fund planned operating expenses, debt service obligations and capital expenditure requirements through 2023.

Headline financials

Total Revenue

$13.2M

Previous: $7.34M+79.6%
EPS (adj)

-$0.22

Previous: -$0.24+8.3%
Capital Expenditures

-$276K

Previous: -$158K-74.7%
Free Cash Flow

-$12.8M

Previous: $2.96M-532.6%
Net Income

-$12.5M

Previous: $3.12M-501.9%
Operating Income

-$17.8M

Previous: -$20.2M+11.8%
Gross Profit

$11.9M

Previous: $6.45M+84.3%
Cash & Equivalents

$145M

Previous: $209M-30.5%
Total Assets

$188M

Previous: $243M-22.8%
Stock-Based Comp

$4.21M

Previous: $3.09M+36.4%

Revenue & EPS history

Ocular Therapeutix · Revenue · Quarterly

$13.2M

Q1 2022+79.6%vs Q1 2021
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

Ocular Therapeutix · $12.5M total across 1 segment · Q1 2022

  • Product Revenue
    $12.5M+86.6%

Forward guidance

The company is guiding DEXTENZA Annual Net Product Revenue for 2022 between $55 to $60 million, Representing Annual Growth of Approximately 26% to 38%.

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 2022

Historical avgQ1 2022

-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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