NASDAQ$SUPN

Supernus Pharmaceuticals Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced fourth quarter and full year 2022 financial results, showing revenue growth driven by Qelbree and GOCOVRI.

Supernus Pharmaceuticals reported a 6% increase in net product sales for the fourth quarter of 2022, reaching $163.8 million, driven by growth in Qelbree and GOCOVRI sales. The company's full-year revenues reached a record $667.2 million, a 15% increase compared to the previous year. The company anticipates approximately 30% growth at the midpoint of full year 2023 total revenues guidance compared to full year 2022, excluding revenues of Trokendi XR®.

  • Fourth quarter Qelbree net product sales increased 29% compared to the third quarter of 2022.
  • Fourth quarter GOCOVRI net product sales increased 13% compared to the fourth quarter of 2021.
  • Total IQVIA prescriptions for Qelbree increased 24% in the fourth quarter of 2022 compared to the third quarter of 2022.
  • Operating earnings (GAAP) for the fourth quarter of 2022 was $34.3 million, compared to $6.1 million for the same period in 2021.

Headline financials

Total Revenue

$167M

Previous: $159M+5.2%
EPS (adj)

$0.43

Previous: $0.04+975.0%
Net Income

$25.5M

Previous: $2.4M+961.7%
Operating Income

$34.3M

Previous: $6.1M+462.9%
Gross Profit

$144M

Previous: $142M+1.6%
Cash & Equivalents

$93.1M

Previous: $203M-54.2%
Total Assets

$1.7B

Previous: $1.69B+0.8%
Stock-Based Comp

$4.26M

Previous: $4.04M+5.6%

Revenue & EPS history

Supernus · Revenue · Quarterly

$167M

Q4 2022+5.2%vs Q4 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Supernus · $84.6M total across 2 segments · Q4 2022

  • Trokendi XR
    $57.2M
  • Oxtellar XR
    $27.4M

Forward guidance

The Company’s full year 2023 total revenue guidance represents approximately 30% growth at the midpoint compared to full year 2022, excluding revenues of Trokendi XR in both periods.

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 2022

Historical avgQ4 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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