NASDAQ$SUPN

Supernus Pharmaceuticals Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported a 20% increase in total revenues compared to Q2 2021.

Supernus Pharmaceuticals, Inc. announced its Q2 2022 financial results, with total revenues of $170.1 million, a 20% increase compared to Q2 2021. The company reported GAAP operating earnings of $11.3 million and non-GAAP operating earnings of $37.6 million. Qelbree prescriptions continued to grow, with a 33% increase compared to Q1 2022.

  • Total revenues reached $170.1 million, a 20% increase compared to Q2 2021.
  • GAAP operating earnings were $11.3 million; non-GAAP operating earnings were $37.6 million.
  • Qelbree prescriptions increased by 33% compared to Q1 2022, totaling 62,938 prescriptions.
  • GOCOVRI prescriptions reached 10,929, a 16% growth compared to Q2 2021.

Headline financials

Total Revenue

$170M

Previous: $141M+20.3%
EPS (adj)

$0.14

Previous: $0.43-67.4%
Capital Expenditures

-$576K

Previous: -$1.51M+61.8%
Free Cash Flow

$7.87M

Previous: $22.2M-64.6%
Net Income

$7.87M

Previous: $23.7M-66.9%
Operating Income

$11.3M

Previous: $34.1M-66.7%
Gross Profit

$150M

Previous: $116M+28.6%
Cash & Equivalents

$173M

Previous: $224M-22.5%
Total Assets

$1.69B

Previous: $1.57B+7.8%
Stock-Based Comp

$4.3M

Previous: $5.48M-21.5%

Revenue & EPS history

Supernus · Revenue · Quarterly

$170M

Q2 2022+20.3%vs Q2 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Supernus · $102M total across 2 segments · Q2 2022

  • Trokendi XR
    $71.6M-9.1%
  • Oxtellar XR
    $30M+20.0%

Forward guidance

The company reiterates its prior financial guidance for full year 2022.

Tailwinds

  • Total revenues are expected to be between $640 million and $680 million.
  • Combined R&D and SG&A expenses are projected to be between $460 million and $490 million.
  • Operating earnings are anticipated to be between $20 million and $40 million.
  • Non-GAAP operating earnings are expected to be between $130 million and $165 million.
  • Includes amortization of intangible assets and contingent consideration expense (gain).

Headwinds

  • Operating earnings include amortization of intangible assets.
  • Operating earnings include contingent consideration expense (gain).
  • R&D and SG&A expenses are expected to be significant.
  • Amortization of intangible assets is projected to be between $80 million and $85 million.
  • Share-based compensation is estimated to be between $20 million and $25 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 2022

Historical avgQ2 2022

-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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