NASDAQ$OCUL

Ocular Therapeutix Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Ocular Therapeutix reported Q4 2022 earnings, showing revenue growth and pipeline advancement.

Ocular Therapeutix reported total net revenue of $14.1 million for Q4 2022, representing a 15% increase year-over-year. The company's net loss for the quarter was $(15.5) million, which included a $5.2 million non-cash item. DEXTENZA net product revenue was $13.9 million, a 14% increase over the comparable quarter of 2021. The company is progressing with its pipeline, including OTX-TKI and OTX-TIC, and expects key milestones in 2023.

  • Total net revenue for Q4 2022 was $14.1 million, up 15% year-over-year.
  • DEXTENZA net product revenue in Q4 2022 was $13.9 million, a 14% increase over the comparable quarter of 2021.
  • The company reported a net loss of $(15.5) million for Q4 2022, including a $5.2 million non-cash item.
  • Ocular Therapeutix is advancing its pipeline, including OTX-TKI and OTX-TIC, with key milestones expected in 2023.

Headline financials

Total Revenue

$14.1M

Previous: $12.3M+14.4%
EPS (adj)

-$0.24

Previous: -$0.23-4.3%
Capital Expenditures

$2.15M

Previous: $631K+240.7%
Free Cash Flow

-$19.1M

Previous: -$15.8M-21.1%
Net Income

-$15.5M

Previous: -$3.9M-297.4%
Operating Income

-$15M

Previous: -$18M+16.9%
Gross Profit

$13.1M

Previous: $11.2M+16.6%
Cash & Equivalents

$102M

Previous: $164M-37.7%
Total Assets

$149M

Previous: $205M-27.1%
Stock-Based Comp

$4.23M

Previous: $3.84M+10.2%

Revenue & EPS history

Ocular Therapeutix · Revenue · Quarterly

$14.1M

Q4 2022+14.4%vs Q4 2021
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

Ocular Therapeutix · $13.9M total across 1 segment · Q4 2022

  • Product Revenue
    $13.9M+13.9%

Forward guidance

Ocular Therapeutix estimates DEXTENZA Net Product Revenue for the year ending 2023 to be between $55 and $60 million, representing growth of approximately 10% to 20% over the prior year.

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 2022

Historical avgQ4 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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