NASDAQ$PODD

Insulet Corp. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Insulet reported a Q4 2021 revenue increase of 25% year-over-year.

Insulet Corporation reported a strong fourth quarter in 2021, with revenue reaching $307.7 million, a 25% increase compared to the previous year. The company's success was driven by significant growth in U.S. Omnipod and Drug Delivery revenue, contributing to an operating income of $49.7 million and a net income of $29.2 million.

  • Revenue increased by 25% to $307.7 million, exceeding the guidance range.
  • U.S. Omnipod revenue increased by 27.7%.
  • Drug Delivery revenue increased by 112.7%.
  • The company received U.S. FDA clearance for the Omnipod® 5 automated insulin delivery system.

Headline financials

Total Revenue

$308M

Previous: $246M+25.0%
EPS (adj)

$0.42

Previous: -$0.26+261.5%
Gross Margin

69.3%

Previous: 65.5%+5.8%
Adjusted EBITDA

$72.8M

Previous: $35.3M+106.2%
Capital Expenditures

$31.8M

Previous: $40.5M-21.5%
Free Cash Flow

-$57.3M

Previous: -$41.5M-38.1%
Net Income

$29.2M

Previous: -$17.1M+270.8%
Operating Income

$49.7M

Previous: -$7.3M+780.8%
Gross Profit

$213M

Previous: $161M+32.3%
Cash & Equivalents

$806M

Previous: $948M-14.9%
Total Assets

$2.05B

Previous: $1.87B+9.4%
Stock-Based Comp

$8.6M

Previous: $15.6M-44.9%

Revenue & EPS history

Insulet · Revenue · Quarterly

$308M

Q4 2021+25%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Insulet · $308M total across 3 segments · Q4 2021

  • U.S. Omnipod
    $191M+27.7%
  • International Omnipod
    $85.3M+4.2%
  • Drug Delivery
    $31.9M+112.7%

Forward guidance

Insulet expects revenue growth for the year ending December 31, 2022, to be in the range of 12% to 16%. For the quarter ending March 31, 2022, the Company expects revenue growth of 13% to 16%.

Tailwinds

  • Total Omnipod revenue is expected to grow by 15% to 20%.
  • U.S. Omnipod revenue is expected to grow by 18% to 23%.
  • International Omnipod revenue is expected to grow by 9% to 14%.
  • Drug Delivery revenue is expected to decline by 35% to 30%.
  • Operating margin growth of approximately 100 basis points is expected.

Headwinds

  • Drug Delivery revenue is expected to decline by 35% to 30%.
  • International Omnipod revenue is expected to grow by 9% to 14%.
  • Total Omnipod of 13% to 16%
  • U.S. Omnipod of 17% to 20%
  • International Omnipod of 6% to 10%

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 2021

Historical avgQ4 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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