NASDAQ$SUPN

Supernus Pharmaceuticals Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported record revenues and operating earnings based on the growth of Trokendi XR and Oxtellar XR and the addition of the CNS products acquired during the year.

Supernus Pharmaceuticals reported Q4 2020 net product sales of $140.7 million, a 44% increase compared to the same period in 2019. The company's full year 2020 total revenues were $520.4 million, a 32% increase compared to 2019. Supernus is preparing for the expected launch of SPN-812 in the second quarter of 2021.

  • Fourth quarter net product sales increased by 44% year-over-year, reaching $140.7 million.
  • The increase in net product sales was driven by the addition of $39.5 million from acquired commercial products and $3.3 million from Trokendi XR and Oxtellar XR.
  • Operating earnings for the fourth quarter were $43.0 million, compared to $40.8 million in the fourth quarter of 2019.
  • The company had $772.9 million in cash, cash equivalents, and marketable securities as of December 31, 2020.

Headline financials

Total Revenue

$144M

Previous: $100M+42.9%
EPS (adj)

$0.57

Previous: $0.62-8.1%
Capital Expenditures

$215K

Previous: $2.03M-89.4%
Free Cash Flow

$31.7M

Previous: $41.8M-24.1%
Net Income

$30.8M

Previous: $33.1M-7.0%
Operating Income

$43M

Previous: $40.8M+5.4%
Gross Profit

$125M

Previous: $96.3M+29.8%
Cash & Equivalents

$289M

Previous: $939M-69.3%
Total Assets

$1.5B

Previous: $1.16B+29.6%
Stock-Based Comp

$3.12M

Previous: $3.62M-13.9%

Revenue & EPS history

Supernus · Revenue · Quarterly

$144M

Q4 2020+42.9%vs Q4 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Supernus · $101M total across 2 segments · Q4 2020

  • Trokendi XR
    $78.5M
  • Oxtellar XR
    $22.7M

Forward guidance

The Company expects to achieve total revenues between $550 million and $580 million in 2021. Combined R&D and SG&A expenses are expected to be between $380 million and $410 million. Operating earnings are expected to be between $65 million and $90 million.

Tailwinds

  • Total revenues are expected to be between $550 million and $580 million.
  • SPN-812 net product sales are expected to be $10 million.
  • Operating earnings are expected to be between $65 million and $90 million.
  • Amortization of intangible assets is expected to be $24 million.

Headwinds

  • Combined R&D and SG&A expenses are expected to be between $380 million and $410 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 Q4 2020

Historical avgQ4 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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