NASDAQ$OPK

OPKO Health Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

OPKO Health's Q3 2021 financial results were reported, with increased operating and net income despite a decrease in total revenues.

OPKO Health reported a decrease in consolidated total revenues to $385.8 million compared to $428.1 million for the same period in 2020. However, operating income increased by 72% to $37.8 million, and net income was $28.7 million, or $0.04 per diluted share.

  • Health Canada approved NGENLA™ for pediatric growth hormone deficiency.
  • BioReference Laboratories processed approximately 2.2 million COVID-19 PCR tests.
  • BRL acquired the U.S. Ariosa centralized laboratory prenatal testing business from Roche.
  • Completed enrollment in Phase 2 trial evaluating RAYALDEE® as a treatment for symptomatic COVID-19 outpatients.

Headline financials

Total Revenue

$386M

Previous: $428M-9.9%
EPS (adj)

$0.00

Previous: $0.04-100.0%
Free Cash Flow

$28.7M

Previous: $23.7M+21.2%
Net Income

$28.7M

Previous: $23.7M+21.2%
Operating Income

$37.8M

Previous: $21.9M+72.4%
Gross Profit

-$4.28M

Previous: $5.56M-177.0%
Cash & Equivalents

$149M

Previous: $36.3M+309.4%
Total Assets

$2.42B

Previous: $2.37B+2.0%
Stock-Based Comp

$3.82M

Previous: $2.74M+39.5%

Revenue & EPS history

OPKO Health · Revenue · Quarterly

$386M

Q3 2021-9.9%vs Q3 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

OPKO Health · $377M total across 2 segments · Q3 2021

  • Services
    $340M
  • Products
    $36.9M

Forward guidance

OPKO Health's global regulatory applications for somatrogon are advancing, with action dates expected in the U.S., Europe, and Japan during the first half of 2022.

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

-0.7%

Avg return

Earnings day

+0.3%

Avg return

5 days after

-0.2%

Avg return

30 days after

44%

27 / 61 earnings

Positive

+26.8%

Q1 2018

Best reaction

-17.7%

Q3 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%-8.3%+19.2%
Q4 2025+2.5%+0.0%-6.7%
Q3 2025-2.9%-4.3%-2.9%
Q1 2025-2.2%-7.2%-1.4%
Q4 2024+6.7%+19.0%+4.3%
Q3 2024+3.4%+9.5%+8.2%
Q2 2024+6.7%+11.9%+16.4%
Q1 2024-5.3%-3.0%+1.5%
Q4 2023-1.1%-1.0%+20.0%
Q3 2023-0.7%-6.7%+18.5%
Q2 2023+13.1%+6.8%+2.8%
Q1 2023+15.0%+26.5%-1.4%
Q4 2022+0.0%+7.5%+22.6%
Q3 2022-14.8%-9.3%-25.8%
Q2 2022-6.6%+2.9%-12.7%
Q1 2022+11.8%+15.6%+8.4%
Q4 2021+7.4%+3.7%+17.8%
Q3 2021+5.9%+16.2%+15.4%
Q2 2021-11.6%-7.2%-0.8%
Q1 2021-3.7%-4.2%-10.5%
Q4 2020-13.6%-18.0%-12.9%
Q3 2020-12.0%-11.0%+3.3%
Q2 2020-11.1%-7.4%-42.3%
Q1 2020-15.2%+3.9%+2.2%
Q4 2019+3.6%+12.2%+0.7%
Q3 2019-2.0%-2.6%+5.3%
Q2 2019-2.1%-6.2%-4.6%
Q1 2019-16.1%-14.9%-22.1%
Q4 2018-9.9%-5.7%-7.8%
Q3 2018+6.7%-7.4%-6.0%
Q2 2018-0.4%-1.6%+1.5%
Q1 2018+26.8%+37.8%+23.5%
Q4 2017-0.6%+0.9%-6.5%
Q3 2017-17.7%-20.1%-20.2%
Q2 2017+1.7%-1.3%-1.6%
Q1 2017-3.4%-0.8%-13.7%
Q4 2016-11.5%-9.3%-4.6%
Q3 2016-6.6%-3.4%+11.8%
Q2 2016+0.3%-0.5%-5.1%
Q1 2016+6.7%
Q4 2015+0.4%
Q3 2015+7.6%
Q2 2015-13.7%
Q1 2015+4.8%
Q4 2014-2.7%
Q3 2014+2.5%
Q2 2014-4.0%
Q1 2014+8.4%
Q4 2013-0.6%
Q3 2013-1.4%
Q2 2013+3.7%
Q1 2013+3.4%
Q4 2011-4.0%
Q1 2011+1.3%
Q1 2012+2.7%
Q4 2009-2.6%
Q3 2011-2.3%
Q2 2011-3.3%
Q4 2010-3.3%
Q3 2010+0.7%
Q1 2010+9.1%

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