NASDAQ$TLPH

AcelRx Pharmaceuticals Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

AcelRx reported first quarter 2021 financial results.

AcelRx Pharmaceuticals reported $67.3 million in cash and short-term investments as of March 31, 2021. First quarter net revenues were $0.5 million, and net loss was $9.0 million, or $0.08 per share.

  • Issued approximately $36.4 million of stock through an underwritten public offering and under its At-the-Market sales agreement.
  • Achieved 432 formulary approvals through April 2021.
  • Provided a response to the FDA Warning Letter and dialogue is ongoing.
  • Net revenues were $0.5 million.

Headline financials

Total Revenue

$511K

Previous: $386K+32.4%
EPS (adj)

-$1.60

Previous: -$4.00+60.0%
Capital Expenditures

-$24K

Previous: -$73K+67.1%
Free Cash Flow

-$8.98M

Previous: -$16M+43.9%
Net Income

-$8.96M

Previous: -$15.9M+43.8%
Operating Income

-$9.14M

Previous: -$15.8M+42.3%
Gross Profit

-$529K

Previous: -$1.13M+53.0%
Cash & Equivalents

$34.4M

Previous: $23.9M+43.9%
Total Assets

$87.3M

Previous: $77.3M+12.9%
Stock-Based Comp

$1.09M

No prior period

Revenue & EPS history

AcelRx · Revenue · Quarterly

$511K

Q1 2021+32.4%vs Q1 2020
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Forward guidance

AcelRx anticipates continued progress in commercializing DSUVIA and believes it has successfully addressed the points raised in the FDA Warning Letter.

Tailwinds

  • Continued progress on the commercialization of DSUVIA
  • Easing of the pandemic
  • April was the highest commercial ordering month since the launch
  • Committed to building the body of evidence for DSUVIA
  • Ongoing dialogue with the FDA to ensure a successful closeout

Headwinds

  • Ongoing effects of the COVID-19 pandemic
  • Uncertainties inherent in the initiation, execution and completion of investigator-initiated studies
  • Risks and uncertainties that could cause actual results to differ materially
  • Higher enrollment of younger compared to older patients
  • Opioid-tolerant patients were excluded

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-2.7%

Avg return

Earnings day

-3.4%

Avg return

5 days after

+1.1%

Avg return

30 days after

32%

20 / 62 earnings

Positive

+23.5%

Q4 2017

Best reaction

-46.9%

Q4 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.7%-7.0%
Q3 2025-18.6%+3.9%-7.8%
Q2 2025+0.0%+14.0%+118.6%
Q1 2025-3.9%+2.0%-3.9%
Q4 2024+6.0%+2.0%+2.0%
Q3 2024-2.2%-25.3%-28.6%
Q2 2024-5.5%+2.2%-1.1%
Q1 2024-1.0%+4.9%-4.9%
Q4 2025+0.0%-1.9%+1.9%
Q4 2023+1.6%-12.0%-4.0%
Q3 2023-9.7%-11.5%+40.4%
Q2 2023-7.4%-18.9%-8.4%
Q1 2023+14.5%+14.5%+79.7%
Q4 2022-8.3%-16.7%-6.9%
Q3 2022+22.3%+16.0%+22.3%
Q2 2022+12.5%+33.3%+16.7%
Q1 2022+4.8%+23.8%-4.8%
Q4 2021-22.7%-29.5%-38.6%
Q3 2021-10.1%-8.9%-34.2%
Q2 2021-20.5%-10.3%-12.8%
Q1 2021+11.2%+9.6%+18.3%
Q4 2020-16.2%-21.6%-97.0%
Q3 2020-20.8%-21.3%-16.9%
Q2 2020-7.6%-0.8%-12.9%
Q1 2020-1.3%-9.7%-11.0%
Q4 2019-7.8%-18.4%+25.2%
Q3 2019-1.5%-12.3%-7.9%
Q2 2019-5.8%-7.4%-4.1%
Q1 2019-10.7%-10.1%-34.8%
Q4 2018-9.4%-14.4%-4.4%
Q3 2018+2.9%-14.5%-18.8%
Q2 2018+5.7%+7.5%+17.0%
Q1 2018+0.0%+2.0%+48.0%
Q4 2017+23.5%+26.5%+29.4%
Q3 2017+1.5%-5.1%+7.7%
Q2 2017-24.4%-25.6%-15.4%
Q1 2017-3.7%-7.4%-16.7%
Q4 2016+11.5%+3.3%+3.3%
Q3 2016-3.6%-7.1%+1.8%
Q2 2016+19.8%+17.8%+5.9%
Q1 2016-6.2%
Q4 2015-8.7%
Q3 2015+13.5%
Q2 2015+8.0%
Q1 2015-24.6%
Q4 2014-46.9%
Q3 2014+14.7%
Q2 2014-5.1%
Q1 2014-5.6%
Q4 2013+7.0%
Q3 2013-0.4%
Q2 2013-12.9%
Q1 2013-3.6%
Q4 2012-5.0%
Q3 2012-5.8%
Q2 2012-2.3%
Q1 2012+0.0%
Q4 2011-5.9%
Q3 2011-0.7%
Q2 2011+2.8%
Q1 2011+5.1%
Q4 2010-3.1%
Q3 2010
Q2 2010
Q1 2010

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