NASDAQ$SUPN

Supernus Pharmaceuticals Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Supernus reported mixed Q4 2023 results with revenue decrease but growth in key products.

Supernus Pharmaceuticals reported a decrease in total revenues for Q4 2023, primarily due to the decline in net product sales of Trokendi XR, which was partially offset by increases in net product sales of Qelbree and GOCOVRI. The company is focused on transitioning to growth products and anticipates several clinical milestones in 2024.

  • Qelbree net sales increased by 97% compared to Q4 2022.
  • GOCOVRI net sales increased by 10% compared to Q4 2022.
  • Total revenues decreased by 2% compared to Q4 2022.
  • Operating loss was $(1.0) million compared to operating earnings of $34.3 million for the same period in 2022.

Headline financials

Total Revenue

$164M

Previous: $167M-1.8%
EPS (adj)

$0.39

Previous: $0.43-9.3%
Qelbree Total Prescriptions

171.7K

No prior period
Capital Expenditures

$36K

No prior period
Net Income

$1.18M

Previous: $25.5M-95.4%
Operating Income

-$996K

Previous: $34.3M-102.9%
Gross Profit

$123M

Previous: $144M-14.8%
R&D Expense

$22.7M

No prior period

Revenue & EPS history

Supernus · Revenue · Quarterly

$164M

Q4 2023-1.8%vs Q4 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Supernus · $50.2M total across 2 segments · Q3 2023

  • Oxtellar XR
    $29.6M-3.0%
  • Trokendi XR
    $20.6M-70.4%

Forward guidance

Supernus expects total revenue between $580 million and $620 million and non-GAAP operating earnings between $80 million and $110 million for the full year 2024.

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 2023

Historical avgQ4 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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