NASDAQ$SUPN

Supernus Pharmaceuticals Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Reported a decrease in total revenues due to decline in Trokendi XR sales, offset by growth in Qelbree and GOCOVRI sales.

Supernus Pharmaceuticals reported a decrease in total revenues for Q2 2023, primarily due to the decline in Trokendi XR sales. However, Qelbree and GOCOVRI net product sales experienced growth, with combined sales increasing by 67% compared to the same period last year. The company reiterates its full year 2023 financial guidance.

  • Qelbree net product sales grew by 179% in the first three months of 2023 compared to the same period in 2022.
  • GOCOVRI net product sales grew by 17% in the first three months of 2023 compared to the same period in 2022.
  • Total revenues decreased by 20% in the second quarter of 2023 compared to the same period in 2022.
  • Operating loss (GAAP) was ($17.6) million for the second quarter of 2023, compared to operating earnings of $11.3 million for the same period in 2022.

Headline financials

Total Revenue

$136M

Previous: $170M-20.3%
EPS (adj)

-$0.02

Previous: $0.14-114.3%
Capital Expenditures

-$437K

Previous: -$576K+24.1%
Free Cash Flow

-$1.27M

Previous: $7.87M-116.1%
Net Income

-$831K

Previous: $7.87M-110.6%
Operating Income

-$17.6M

Previous: $11.3M-255.0%
Gross Profit

$114M

Previous: $150M-23.5%
Cash & Equivalents

$24.7M

Previous: $173M-85.8%
Total Assets

$1.29B

Previous: $1.69B-23.7%
Stock-Based Comp

$6.09M

Previous: $4.3M+41.7%

Revenue & EPS history

Supernus · Revenue · Quarterly

$136M

Q2 2023-20.3%vs Q2 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Supernus · $43.1M total across 2 segments · Q2 2023

  • Oxtellar XR
    $23.8M-20.7%
  • Trokendi XR
    $19.3M-73.0%

Forward guidance

The company reiterates its prior full year 2023 financial guidance.

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 2023

Historical avgQ2 2023

-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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