NASDAQ$SUPN

Supernus Pharmaceuticals Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported second quarter financial results and associated company developments.

Supernus Pharmaceuticals reported a strong second quarter in 2020, with total revenue reaching $126.7 million, driven by net product sales of Trokendi XR, Oxtellar XR, and acquired Parkinson’s disease products. The company also completed the acquisition of the CNS portfolio of US WorldMeds and executed a Development and Option Agreement with Navitor Pharmaceuticals, Inc.

  • Total revenue reached $126.7 million, including $10.6 million from acquired Parkinson’s disease (PD) products.
  • Operating earnings were $45.5 million.
  • Completed acquisition of CNS portfolio of US WorldMeds on June 9, 2020.
  • Reinstating and updating full year 2020 financial guidance, inclusive of the impact of acquiring the PD products as of June 9, 2020.

Headline financials

Total Revenue

$127M

Previous: $105M+21.0%
EPS (adj)

$0.65

Previous: $0.61+6.6%
Capital Expenditures

-$3.07M

Previous: -$245K-1153.9%
Free Cash Flow

$31.6M

Previous: $32.5M-2.7%
Net Income

$34.7M

Previous: $32.7M+5.9%
Operating Income

$45.5M

Previous: $42.6M+6.9%
Gross Profit

$118M

Previous: $101M+17.6%
Cash & Equivalents

$211M

Previous: $87.3M+141.5%
Total Assets

$1.49B

Previous: $1.06B+40.2%
Stock-Based Comp

$4.96M

Previous: $4.02M+23.4%

Revenue & EPS history

Supernus · Revenue · Quarterly

$127M

Q2 2020+21%vs Q2 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Supernus · $113M total across 2 segments · Q2 2020

  • Trokendi XR
    $89.7M+13.5%
  • Oxtellar XR
    $23.7M+1.3%

Forward guidance

Supernus is reinstating and updating its full year 2020 financial guidance, inclusive of the impact of acquiring the PD products as of June 9, 2020.

Tailwinds

  • Net product sales to range from $460 million to $500 million, including approximately $80 million from the PD products.
  • Gross margins of approximately 90%.
  • R&D expenses of approximately $85 million.
  • Selling, general and administrative expenses to range from $240 million to $250 million.
  • Operating earnings (GAAP) to range from $90 million to $110 million, which includes amortization of intangible assets of approximately $15 million.

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 Q2 2020

Historical avgQ2 2020

-0.5%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+0.1%

Avg return

30 days after

48%

27 / 56 earnings

Positive

+22.3%

Q3 2020

Best reaction

-29.9%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.2%+6.1%-8.1%
Q4 2025+7.9%+0.7%+0.1%
Q3 2025-16.9%-20.4%-19.9%
Q1 2025-4.6%-0.9%+2.2%
Q4 2024-2.7%-3.3%-1.6%
Q3 2024+2.3%+7.7%+9.4%
Q2 2024+14.3%+15.0%+23.1%
Q1 2024-3.7%-4.7%-15.7%
Q4 2023+5.4%+5.1%+15.6%
Q3 2023+9.6%+14.5%+12.8%
Q2 2023-5.3%-1.1%-6.8%
Q1 2023-0.2%-7.2%-3.3%
Q4 2022+3.4%+4.8%-4.5%
Q3 2022-5.9%+0.9%+2.5%
Q2 2022+0.4%-3.1%+7.4%
Q1 2022-6.0%-2.5%+2.7%
Q4 2021-3.1%-8.7%-16.5%
Q3 2021+5.0%+11.6%+1.1%
Q2 2021-1.1%-4.3%+2.1%
Q1 2021-2.7%-2.5%-0.7%
Q4 2020-13.2%-12.1%-11.3%
Q3 2020+22.3%+28.4%+18.5%
Q2 2020-6.0%-12.5%-9.7%
Q1 2020+4.7%+4.3%+7.8%
Q4 2019-18.5%-6.6%-17.7%
Q3 2019-29.9%-23.6%-22.8%
Q2 2019-11.8%-11.5%-14.0%
Q1 2019-7.0%-5.0%-20.3%
Q4 2018+12.8%+2.2%-0.6%
Q3 2018+8.4%+8.6%-2.8%
Q2 2018-8.1%-12.9%-13.6%
Q1 2018+6.3%+26.5%+20.2%
Q4 2017+0.0%+1.9%+17.7%
Q3 2017-13.4%-11.4%-13.3%
Q2 2017+3.1%+4.1%+17.2%
Q1 2017+0.0%+4.2%+28.7%
Q4 2016-2.4%-1.1%+9.5%
Q3 2016+5.1%+10.2%+11.1%
Q2 2016+3.2%+4.0%-0.9%
Q1 2016-5.7%
Q4 2015+7.8%
Q3 2015+6.0%
Q2 2015-8.9%
Q1 2015-7.1%
Q4 2014+11.1%
Q3 2014+4.1%
Q2 2014+7.0%
Q1 2014-3.7%
Q4 2013+9.8%
Q3 2013+9.5%
Q2 2013+6.8%
Q1 2013+10.0%
Q4 2012-22.6%
Q3 2012+2.8%
Q2 2012-0.1%
Q1 2012-5.9%
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010

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