NASDAQ$TLPH

AcelRx Pharmaceuticals Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

AcelRx expanded its pipeline with Niyad™ and reported Q3 2021 financial results.

AcelRx Pharmaceuticals reported Q3 2021 total revenues of $1.9 million. The company had $48.7 million in cash and short-term investments as of September 30, 2021. AcelRx also announced the acquisition of Lowell Therapeutics, Inc. to expand its pipeline.

  • AcelRx to acquire Lowell Therapeutics to expand its pipeline with Niyad™.
  • DSUVIA® achieved 646 formulary approvals as of October 31, 2021, exceeding the year-end goal of 615 approvals.
  • AcelRx reports $1.9M total revenues in Q3 2021.
  • AcelRx had $48.7 million of cash and short-term investments as of September 30, 2021.

Headline financials

Total Revenue

$1.86M

Previous: $1.37M+36.1%
EPS (adj)

-$1.40

Previous: -$2.00+30.0%
Capital Expenditures

-$1.8M

Previous: -$224K-703.1%
Free Cash Flow

-$10.2M

Previous: -$9.15M-11.1%
Net Income

-$8.38M

Previous: -$8.93M+6.2%
Operating Income

-$8.63M

Previous: -$9.04M+4.5%
Gross Profit

$1.42M

Previous: -$483K+394.6%
Cash & Equivalents

$13.3M

Previous: $20M-33.6%
Total Assets

$72.3M

Previous: $66.2M+9.2%
Stock-Based Comp

$1.22M

No prior period

Revenue & EPS history

AcelRx · Revenue · Quarterly

$1.86M

Q3 2021+36.1%vs Q3 2020
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Forward guidance

AcelRx expects continued growth driven by DSUVIA in plastic surgery and cosmetic procedures, and anticipates filing NDAs for two in-licensed pre-filled syringe products in 2022.

Tailwinds

  • Acquisition of Lowell will provide a late-stage asset with Breakthrough Device Designation status from the FDA.
  • Anticipates potential to fulfill an unmet need for regional anticoagulation of the dialysis circuit.
  • Pipeline expansion comes as DSUVIA gains traction in plastic surgery and cosmetic procedure specialties.
  • Expects these two specialties to be the foundation for further DSUVIA growth.
  • Plans to file New Drug Applications for two innovative pre-filled syringe product candidates in 2022.

Headwinds

  • Risk that the proposed acquisition may not be completed in a timely manner or at all.
  • Failure to satisfy the conditions to the consummation of the proposed acquisition.
  • Potential disruption to the current plans and operations of the companies.
  • Risk of diverting AcelRx management’s attention from ongoing business operations.
  • Unexpected variations in market growth and demand for AcelRx’s and Lowell’s products and technologies.

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 Q3 2021

Historical avgQ3 2021

-2.7%

Avg return

Earnings day

-3.4%

Avg return

5 days after

-0.3%

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%+9.5%-94.1%
Q4 2020-16.2%-21.6%-38.3%
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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