NASDAQ$PODD

Insulet Corp. · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Insulet reported a revenue increase of 27% year-over-year in Q1 2021.

Insulet reported strong first quarter results with revenue reaching $252.3 million, a 27.4% increase compared to the prior year. The company achieved the high end of its guidance, driven by growth in Omnipod and Drug Delivery revenues. Insulet is excited for the commercial launch of Omnipod 5.

  • First quarter revenue increased by 27.4% to $252.3 million.
  • Total Omnipod revenue grew by 22.9% to $233.2 million.
  • U.S. Omnipod revenue increased by 22.9% to $143.3 million.
  • Drug Delivery revenue increased by 130.1% to $19.1 million.

Headline financials

Total Revenue

$252M

Previous: $198M+27.4%
EPS (adj)

$0.01

Previous: -$0.03+130.3%
Gross Margin

66.4%

Previous: 64.1%+3.6%
Adjusted EBITDA

$35.1M

Previous: $24.3M+44.4%
Capital Expenditures

-$32.9M

Previous: -$26.9M-22.3%
Free Cash Flow

-$32.9M

Previous: -$29M-13.4%
Net Income

$0.00

Previous: -$2.1M+100.0%
Operating Income

$16.3M

Previous: $7.5M+117.3%
Gross Profit

$168M

Previous: $127M+32.0%
Cash & Equivalents

$821M

Previous: $201M+307.5%
Total Assets

$1.84B

Previous: $1.11B+66.0%

Revenue & EPS history

Insulet · Revenue · Quarterly

$252M

Q1 2021+27.4%vs Q1 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Insulet · $252M total across 3 segments · Q1 2021

  • U.S. Omnipod
    $143M+22.9%
  • International Omnipod
    $89.9M+23.0%
  • Drug Delivery
    $19.1M+130.1%

Forward guidance

For the year ending December 31, 2021, the Company is raising the low end of its revenue guidance range to 16% to 20% (previously 15% to 20%). For the quarter ending June 30, 2021, the Company expects revenue growth of 10% to 14%.

Tailwinds

  • Total Omnipod revenue growth of 18% to 21% (previously 17% to 21%) for the year ending December 31, 2021.
  • U.S. Omnipod revenue growth of 22% to 25% (previously 21% to 25%) for the year ending December 31, 2021.
  • International Omnipod revenue growth of 11% to 15% (previously from 10% to 15%) for the year ending December 31, 2021.
  • Total Omnipod revenue growth of 14% to 17% for the quarter ending June 30, 2021.
  • U.S. Omnipod revenue growth of 17% to 20% for the quarter ending June 30, 2021.

Headwinds

  • Drug Delivery revenue growth of (11)% to 4% for the year ending December 31, 2021.
  • Drug Delivery revenue growth of (24)% to (16)% for the quarter ending June 30, 2021.
  • Currency impact is expected to affect international Omnipod revenue growth by 6% for the year ending December 31, 2021.
  • Currency impact is expected to affect total Omnipod revenue growth by 2% for the year ending December 31, 2021.
  • Currency impact is expected to affect total revenue growth by 2% for the year ending December 31, 2021.

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 Q1 2021

Historical avgQ1 2021

+3.0%

Avg return

Earnings day

+4.0%

Avg return

5 days after

+5.2%

Avg return

30 days after

65%

41 / 63 earnings

Positive

+20.7%

Q1 2025

Best reaction

-16.8%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.1%+3.8%+1.4%
Q4 2025+3.5%+1.2%-7.8%
Q3 2025+2.8%+3.8%-3.2%
Q1 2025+20.7%+25.1%+21.3%
Q4 2024-1.9%-6.1%-6.9%
Q3 2024+12.0%+15.0%+10.9%
Q2 2024-4.3%+2.2%+12.8%
Q1 2024-5.5%-1.9%+9.0%
Q4 2023-4.3%-13.4%-14.6%
Q3 2023+18.1%+17.5%+39.6%
Q2 2023-11.9%-13.6%-31.6%
Q1 2023+2.4%-0.4%-12.4%
Q4 2022+2.3%-4.0%+7.8%
Q3 2022+19.6%+16.3%+17.7%
Q2 2022+2.4%-0.8%-2.5%
Q1 2022-16.8%-23.0%-13.9%
Q4 2021+8.9%+12.9%+7.4%
Q3 2021-1.3%+2.0%-15.6%
Q2 2021-1.3%+0.1%+8.4%
Q1 2021-11.4%-13.0%+2.8%
Q4 2020+2.3%+1.0%+1.0%
Q3 2020+14.6%+14.4%+16.0%
Q2 2020+1.1%-7.7%-4.9%
Q1 2020+5.4%+6.8%-13.3%
Q4 2019-13.2%-8.4%-14.2%
Q3 2019+9.9%+16.4%+26.5%
Q2 2019+18.4%+26.0%+30.0%
Q1 2019+14.0%+20.9%+29.4%
Q4 2018+5.1%+7.7%+6.6%
Q3 2018+0.4%-2.4%-4.9%
Q2 2018+2.4%+2.6%+24.3%
Q1 2018-3.6%-4.3%+9.0%
Q4 2017+3.6%-1.1%+8.6%
Q3 2017+18.9%+22.7%+21.0%
Q2 2017+6.5%+8.6%+15.5%
Q1 2017-5.8%-4.6%+0.9%
Q4 2016-5.2%+0.7%-7.2%
Q3 2016+9.9%+10.3%+3.9%
Q2 2016+18.5%+23.3%+22.2%
Q1 2016-4.0%
Q4 2015+9.0%
Q3 2015+13.2%
Q2 2015+10.0%
Q1 2015-11.0%
Q4 2014-4.5%
Q3 2014+5.1%
Q2 2014-2.2%
Q1 2014-14.0%
Q3 2013-3.4%
Q2 2013+10.2%
Q1 2013+12.0%
Q4 2012+9.3%
Q3 2012+4.2%
Q2 2012+4.8%
Q1 2012+2.1%
Q4 2011-3.5%
Q3 2011+0.5%
Q2 2011+2.9%
Q1 2011+0.6%
Q4 2010-2.0%
Q3 2010+2.5%
Q2 2010+0.3%
Q1 2010+11.1%

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