NASDAQ$TNDM

Tandem Diabetes Care Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Tandem Diabetes' financial results for Q4 2019 and full year 2019 were announced.

Tandem Diabetes Care reported a 42% increase in sales for the fourth quarter of 2019, reaching $108.4 million, and a net income of $2.7 million. The company's worldwide pump shipments increased by 21% compared to the same period in 2018. They are guiding for sales between $450 million and $465 million for the year ending December 31, 2020.

  • Worldwide pump shipments increased 21% to 19,602 pumps.
  • Sales increased 42% to $108.4 million.
  • Gross margin improved 1 point to 56% of sales.
  • Adjusted EBITDA improved to 21% of sales.

Headline financials

Total Revenue

$108M

Previous: $76.2M+42.3%
EPS (adj)

$0.04

Previous: $0.02+100.0%
Worldwide Pump Shipments

19.6K

Previous: 16.2K+21.2%
Adjusted EBITDA

$21.00

Previous: $16.00+31.3%
Capital Expenditures

$6.75M

Previous: $888K+660.0%
Free Cash Flow

$12.7M

Previous: $13.2M-4.2%
Net Income

$2.7M

Previous: $3.69M-26.7%
Operating Income

$2.1M

Previous: $560K+275.0%
Gross Profit

$60.3M

Previous: $41.5M+45.2%
Cash & Equivalents

$177M

Previous: $41.8M+322.0%
Total Assets

$326M

Previous: $206M+58.1%
Stock-Based Comp

$18.7M

Previous: $10.3M+81.2%

Revenue & EPS history

Tandem Diabetes · Revenue · Quarterly

$108M

Q4 2019+42.3%vs Q4 2018
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Tandem Diabetes · $80.7M total across 1 segment · Q3 2022

  • Pump Sales
    $80.7M

Forward guidance

For the year ending December 31, 2020, the Company is providing its financial guidance as follows:

Tailwinds

  • Sales are estimated to be in the range of $450 million to $465 million, which represents an annual sales growth of 24 percent to 28 percent compared to 2019
  • Includes international sales of approximately $70 million to $75 million
  • Gross margin is estimated to be approximately 54 percent
  • Adjusted EBITDA is estimated to be 12 percent to 14 percent
  • Non-cash charges included in cost of goods sold and operating expenses are estimated to be approximately $60 million

Headwinds

  • Approximately $50 million in non-cash, stock-based compensation expense
  • Approximately $10 million of depreciation and amortization

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 2019

Historical avgQ4 2019

-0.4%

Avg return

Earnings day

-2.2%

Avg return

5 days after

+3.5%

Avg return

30 days after

55%

27 / 49 earnings

Positive

+32.8%

Q4 2025

Best reaction

-63.6%

Q3 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+7.6%-23.6%+5.0%
Q4 2025+32.8%+40.4%+34.0%
Q3 2025+22.0%+35.5%+56.9%
Q1 2025+18.6%+26.5%+17.6%
Q4 2024-35.2%-42.0%-42.6%
Q3 2024+0.6%-5.3%-9.1%
Q2 2024+12.7%+17.3%+17.6%
Q1 2024+23.5%+21.5%+41.5%
Q4 2023+6.1%+22.5%+28.4%
Q3 2023-12.1%-11.5%+22.5%
Q2 2023+2.8%-13.4%-14.3%
Q1 2023-2.9%-13.4%-35.9%
Q4 2022-2.1%-8.0%+8.0%
Q3 2022-34.3%-31.5%-23.7%
Q2 2022-14.0%-11.8%-34.3%
Q1 2022-16.4%-27.6%-33.8%
Q4 2021-0.3%+7.6%+7.6%
Q3 2021-4.9%-2.6%-4.3%
Q2 2021+4.7%+2.6%+8.8%
Q1 2021-5.6%-11.9%-5.8%
Q4 2020+3.5%+4.4%-10.0%
Q3 2020+1.5%-11.4%-17.9%
Q2 2020+1.8%+3.0%+10.1%
Q1 2020+7.6%+13.7%+11.5%
Q4 2019-11.4%-15.2%-34.7%
Q3 2019-6.5%-8.0%+2.2%
Q2 2019+2.9%-1.5%+14.2%
Q1 2019-5.8%+6.3%+9.2%
Q4 2018+27.9%+43.2%+31.8%
Q3 2018+6.3%-2.2%-2.1%
Q2 2018+7.7%+29.0%+59.9%
Q1 2018+7.9%+7.7%+96.4%
Q4 2017+23.1%+25.0%+57.0%
Q3 2017-3.4%-6.4%+2.7%
Q2 2017-17.3%-39.4%+8.7%
Q1 2017-11.8%-10.5%-22.4%
Q4 2016-19.1%-10.6%-51.1%
Q3 2016-63.6%-66.9%-63.2%
Q2 2016-13.9%-18.8%-8.4%
Q1 2016+7.1%
Q4 2015+11.9%
Q3 2015+20.6%
Q2 2015+8.9%
Q1 2015+1.7%
Q4 2014-3.1%
Q3 2014-11.0%
Q2 2014+11.4%
Q1 2014-11.7%
Q4 2013+4.0%
Q2 2013
Q1 2013
Q4 2012
Q3 2012

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