NASDAQ$OCUL

Ocular Therapeutix Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Ocular Therapeutix reported third quarter financial results and business update.

Ocular Therapeutix reported a net product revenue of DEXTENZA® for the quarter was $11.9 million, a 120% increase over the third quarter of 2020. The company reported net income of $2.7 million, or income of $0.03 per share on a basic basis and a loss of $(0.23) per share on a diluted basis for the three months ended September 30, 2021.

  • DEXTENZA® recorded net quarterly sales of $11.9 million, representing year-over-year growth of 120%.
  • FDA approved sNDA for DEXTENZA for the treatment of ocular itching associated with allergic conjunctivitis.
  • DEXTENZA will be paid through the end of 2022 and is eligible for separate payment in the ambulatory surgery center beyond 2022.
  • Phase 2 clinical trial topline results for OTX-DED, clinical trial in episodic dry eye disease expected in the first quarter of 2022.

Headline financials

Total Revenue

$12.2M

Previous: $5.88M+106.8%
EPS (adj)

-$0.23

Previous: -$0.21-9.5%
Capital Expenditures

-$563K

Previous: -$588K+4.3%
Free Cash Flow

$2.09M

Previous: -$12.5M+116.7%
Net Income

$2.66M

Previous: -$11.9M+122.2%
Operating Income

-$19.5M

Previous: -$14M-39.4%
Gross Profit

$10.8M

Previous: $5.43M+99.8%
Cash & Equivalents

$179M

Previous: $70.6M+153.8%
Total Assets

$218M

Previous: $98.2M+121.7%
Stock-Based Comp

$3.76M

Previous: $1.94M+94.1%

Revenue & EPS history

Ocular Therapeutix · Revenue · Quarterly

$12.2M

Q3 2021+106.8%vs Q3 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Ocular Therapeutix · $300K total across 1 segment · Q3 2021

  • Product Revenue
    $300K-94.4%

Forward guidance

The Company believes that existing cash and cash equivalents, as of September 30, 2021, will enable the Company to fund planned operating expenses, debt service obligations and capital expenditure requirements through 2023.

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 Q3 2021

Historical avgQ3 2021

-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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