NASDAQ$SUPN

Supernus Pharmaceuticals Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported a 19% increase in total revenues compared to Q3 2021.

Supernus Pharmaceuticals, Inc. announced financial results for the third quarter of 2022. Total revenues increased by 19% compared to the same period in 2021. The company is raising its full-year 2022 operating earnings and total revenues guidance. Qelbree prescriptions and net product sales continued to grow.

  • Total revenues for Q3 2022 were $177.4 million, a 19% increase compared to Q3 2021.
  • Qelbree prescriptions in Q3 2022 reached 94,328, a 50% increase compared to Q2 2022.
  • Qelbree net product sales in Q3 2022 were $18.3 million, a 65% increase compared to Q2 2022.
  • GOCOVRI net product sales in Q3 2022 were $27.9 million, a 16% increase compared to net product sales reported by Adamas in Q3 2021.

Headline financials

Total Revenue

$177M

Previous: $148M+19.5%
EPS (adj)

$0.03

Previous: $0.40-92.5%
Capital Expenditures

$147K

No prior period
Free Cash Flow

$1.75M

Previous: $21.6M-91.9%
Net Income

$1.75M

Previous: $21.6M-91.9%
Operating Income

-$1.52M

Previous: $32.6M-104.7%
Gross Profit

$151M

Previous: $130M+16.2%
Cash & Equivalents

$111M

Previous: $215M-48.2%
Total Assets

$1.69B

Previous: $1.56B+8.9%
Stock-Based Comp

$4.99M

Previous: $4.03M+23.8%

Revenue & EPS history

Supernus · Revenue · Quarterly

$177M

Q3 2022+19.5%vs Q3 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Supernus · $100M total across 2 segments · Q3 2022

  • Trokendi XR
    $69.6M-14.0%
  • Oxtellar XR
    $30.5M+2.7%

Forward guidance

The Company is raising the midpoint and narrowing the expected ranges of full year 2022 financial guidance for total revenues and operating earnings (GAAP).

Tailwinds

  • Total revenues are expected to be between $650 million and $680 million.
  • Combined R&D and SG&A expenses are expected to be between $460 million and $475 million.
  • Operating earnings are expected to be between $35 million and $45 million.
  • Amortization of intangible assets is projected to be between $80 million and $84 million.
  • Non-GAAP operating earnings are projected to be between $135 million and $155 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 Q3 2022

Historical avgQ3 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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