NASDAQ$OCUL

Ocular Therapeutix Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Ocular Therapeutix reported financial results for the third quarter of 2022 and provided updates on its ophthalmology pipeline.

Ocular Therapeutix reported net revenue of $12.0 million for Q3 2022, a 2% decrease compared to the same period in 2021. DEXTENZA net product revenue was $11.9 million, flat compared to Q3 2021. The company's net loss for the quarter was $(24.2) million, or $(0.31) per share.

  • Presented positive interim data from the U.S.-based Phase 1 clinical trial of OTX-TKI for the treatment of wet AMD at the AAO 2022 Annual Meeting.
  • Initiation of OTX-TKI Phase 1 Clinical Trial for the treatment of Diabetic Retinopathy planned for Q1 of 2023.
  • Phase 2/3 Clinical Trial for the treatment of Wet AMD planned for Q3 of 2023.
  • DEXTENZA® recorded quarterly net product revenue of $11.9 Million.

Headline financials

Total Revenue

$12M

Previous: $12.2M-1.5%
EPS (adj)

-$0.31

Previous: -$0.23-34.8%
Capital Expenditures

-$1.57M

Previous: -$563K-178.0%
Free Cash Flow

-$25.8M

Previous: $2.09M-1329.8%
Net Income

-$24.2M

Previous: $2.66M-1010.4%
Operating Income

-$21.5M

Previous: -$19.5M-10.3%
Gross Profit

$10.9M

Previous: $10.8M+0.5%
Cash & Equivalents

$121M

Previous: $179M-32.5%
Total Assets

$159M

Previous: $218M-27.2%
Stock-Based Comp

$4.24M

Previous: $3.76M+12.8%

Revenue & EPS history

Ocular Therapeutix · Revenue · Quarterly

$12M

Q3 2022-1.5%vs Q3 2021
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

Ocular Therapeutix · $11.9M total across 1 segment · Q3 2022

  • Product Revenue
    $11.9M+3866.7%

Forward guidance

Revised DEXTENZA Annual Net Product Revenue Guidance for 2022 to be between $48 to $52 million, Representing Annual Growth of Approximately 10% to 20%.

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 2022

Historical avgQ3 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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