NASDAQ$SAGE

Sage Therapeutics Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Sage reported Q4 2019 financial results, highlighted pipeline and business progress.

Sage Therapeutics reported $2.0 million in revenues from ZULRESSO sales for the fourth quarter of 2019. The company is evaluating the path forward for the zuranolone (SAGE-217) Landscape Program and plans to continue expanding its Neurology and Neuropsychiatry franchises with additional studies in 2020.

  • ZULRESSO™ (brexanolone) CIV injection net revenues were $2M for the fourth quarter.
  • Evaluating path forward for the zuranolone (SAGE-217) Landscape Program.
  • Continued expansion of Neurology and Neuropsychiatry franchises with planned initiation of additional SAGE-324 and SAGE-718 studies in 2020.
  • More than 175 healthcare facilities were ZULRESSO REMS certified across 75 of the top 140 Metropolitan Statistical Areas in the U.S.

Headline financials

Total Revenue

$1.96M

Previous: $273K+617.9%
EPS (adj)

-$3.25

Previous: -$3.38+3.8%
Capital Expenditures

$373K

Previous: $808K-53.8%
Free Cash Flow

-$117M

Previous: -$103M-14.1%
Net Income

-$169M

Previous: -$158M-6.5%
Operating Income

-$175M

Previous: -$164M-6.3%
Gross Profit

$1.74M

Previous: -$88.5M+102.0%
Cash & Equivalents

$1.01B

Previous: $191M+429.4%
Total Assets

$1.08B

Previous: $953M+13.8%
Stock-Based Comp

$30.7M

Previous: $31.6M-3.0%

Revenue & EPS history

Sage · Revenue · Quarterly

$1.96M

Q4 2019+617.9%vs Q4 2018
Beat estimate in 3 of 14 quarters(21%)
ActualEstimate

Revenue by segment

Sage · $2M total across 1 segment · Q4 2019

  • ZULRESSO Net Revenue
    $2M

Forward guidance

Sage expects ZULRESSO revenue growth will be modest over the next couple of quarters with an increase in the rate of growth of ZULRESSO revenue anticipated in the second half of 2020.

Tailwinds

  • Increase in the number of treatment-ready sites, including larger hospitals administering ZULRESSO to treat women with PPD.
  • Increase in the volume of patients treated at existing sites.
  • Sage is guiding large sites through the steps necessary to become treatment-ready.
  • Supporting hospital administrations’ efforts to reduce the complexity of those steps.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 15 quarterly earnings reports

Historical avg

-2.8%

Avg return

Earnings day

-5.3%

Avg return

5 days after

-6.4%

Avg return

30 days after

43%

19 / 44 earnings

Positive

+12.4%

Q4 2021

Best reaction

-47.6%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025
Q2 2025
Q1 2025-4.1%-5.7%-15.0%
Q4 2024-0.4%-0.8%+7.2%
Q3 2024-24.6%-29.1%-35.2%
Q2 2024-9.6%-17.2%-22.1%
Q1 2024-2.2%-0.6%-19.4%
Q4 2023+10.4%+1.3%-13.2%
Q3 2023-10.2%-17.1%+1.3%
Q2 2023-47.6%-39.7%-42.8%
Q1 2023-2.4%+0.9%+1.9%
Q4 2022+0.9%-5.2%-5.2%
Q3 2022-5.0%+5.0%+16.5%
Q2 2022+4.6%+21.6%+12.8%
Q1 2022+4.9%-12.2%+12.6%
Q4 2021+12.4%+12.3%-1.0%
Q3 2021+11.2%+6.4%-9.7%
Q2 2021-4.0%-5.1%+9.0%
Q1 2021-10.3%
Q4 2020+4.0%
Q3 2020-0.6%
Q2 2020+1.3%
Q1 2020-4.1%
Q4 2019-26.2%
Q3 2019-0.2%
Q2 2019+7.4%
Q1 2019+0.3%
Q4 2018-8.2%
Q3 2018+3.0%
Q2 2018-0.7%
Q1 2018+1.2%
Q4 2017+0.2%
Q3 2017+11.7%
Q2 2017+7.7%
Q1 2017-2.7%
Q4 2016+0.6%
Q3 2016+0.5%
Q2 2016-13.3%
Q1 2016-3.8%
Q4 2015-4.8%
Q3 2015-4.6%
Q2 2015-6.5%
Q1 2015+2.0%
Q4 2014+2.1%
Q3 2014-5.2%
Q2 2014-7.8%
Q4 2013
Q3 2013
Q2 2013
Q1 2013

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro