NASDAQ$OCUL

Ocular Therapeutix Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Ocular Therapeutix reported fourth quarter and year end 2019 financial results and provided a business update.

Ocular Therapeutix reported a strong end to 2019, with DEXTENZA net product revenue reaching $1.6 million, a 433% increase sequentially. The company is guiding first-quarter total net product revenue of $3.0 million to $3.2 million. Interim clinical data releases for OTX-TIC and OTX-TKI showed favorable safety profiles, tolerability, durability, and early biological activity.

  • DEXTENZA net product revenue reached $1.6 million, a 433% sequential increase.
  • The company is guiding first-quarter total net product revenue of $3.0 million to $3.2 million.
  • Interim clinical data from Phase 1 programs OTX-TIC and OTX-TKI showed favorable results.
  • OTX-CSI IND was filed, with a Phase 1 clinical trial expected to begin by mid-2020.

Headline financials

Total Revenue

$2.26M

Previous: $504K+347.6%
EPS (adj)

-$0.53

Previous: -$0.42-26.2%
Capital Expenditures

$601K

Previous: $479K+25.5%
Free Cash Flow

-$20.1M

Previous: -$14.1M-42.1%
Net Income

-$26M

Previous: -$17.4M-49.5%
Operating Income

-$21.4M

Previous: -$17.3M-23.8%
Gross Profit

$1.42M

Previous: $387K+266.1%
Cash & Equivalents

$54.4M

Previous: $54.1M+0.7%
Total Assets

$78.7M

Previous: $73M+7.8%
Stock-Based Comp

$1.95M

Previous: $1.95M+0.2%

Revenue & EPS history

Ocular Therapeutix · Revenue · Quarterly

$2.26M

Q4 2019+347.6%vs Q4 2018
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Ocular Therapeutix · $1.6M total across 1 segment · Q4 2019

  • Product Revenue
    $1.6M

Forward guidance

The company is guiding first-quarter total net product revenue of $3.0 million to $3.2 million.

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 Q4 2019

Historical avgQ4 2019

-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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