NASDAQ$SUPN

Supernus Pharmaceuticals Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported financial results for the third quarter of 2021.

Supernus Pharmaceuticals reported Q3 2021 total revenues of $148.5 million, a 4% decrease compared to $155.1 million in Q3 2020. Net earnings were $21.6 million, or $0.40 per diluted share, compared to $40.0 million, or $0.74 per diluted share, for the same period in 2020.

  • Total revenues for Q3 2021 were $148.5 million, a 4% decrease compared to Q3 2020.
  • Operating earnings for Q3 2021 were $32.6 million, compared to $56.1 million for the same period in 2020.
  • Net earnings for Q3 2021 were $21.6 million, compared to $40.0 million for the same period in 2020.
  • The company expects to resubmit the SPN-830 NDA to the FDA in November 2021.

Headline financials

Total Revenue

$148M

Previous: $155M-4.3%
EPS (adj)

$0.40

Previous: $0.74-45.9%
Free Cash Flow

$21.6M

Previous: $36.8M-41.3%
Net Income

$21.6M

Previous: $40M-46.1%
Operating Income

$32.6M

Previous: $56.1M-41.9%
Gross Profit

$130M

Previous: $134M-2.5%
Cash & Equivalents

$215M

Previous: $204M+5.4%
Total Assets

$1.56B

Previous: $1.51B+3.0%
Stock-Based Comp

$4.03M

Previous: $4.49M-10.3%

Revenue & EPS history

Supernus · Revenue · Quarterly

$148M

Q3 2021-4.3%vs Q3 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Supernus · $111M total across 2 segments · Q3 2021

  • Trokendi XR
    $80.9M-2.4%
  • Oxtellar XR
    $29.7M+4.9%

Forward guidance

The Company increases its financial guidance for operating earnings, lowers its financial guidance for total combined R&D and SG&A expenses, and lowers the top end of its financial guidance range for total revenues for full year 2021.

Tailwinds

  • Total revenues are expected to be between $550 million and $570 million.
  • Combined R&D and SG&A expenses are expected to be between $370 million and $400 million.
  • Operating earnings are expected to be between $90 million and $95 million.
  • Amortization of intangible assets is expected to be $24 million.
  • Effective tax rate is expected to be between 28% and 31%.

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 Q3 2021

Historical avgQ3 2021

-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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