NASDAQ$TXMD

TherapeuticsMD Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

TherapeuticsMD transitioned to a virtual business model and reported full year 2022 financial results.

TherapeuticsMD reported full year 2022 financial results, highlighting a transition to a virtual business model following a transaction with Mayne Pharma. The company repaid its debt, redeemed preferred stock, and eliminated its commercial and manufacturing infrastructure.

  • TherapeuticsMD granted Mayne Pharma an exclusive license to commercialize its products in the United States.
  • The company repaid its debt and redeemed outstanding preferred stock.
  • TherapeuticsMD eliminated its commercial and manufacturing infrastructure and downsized operations.
  • The company intends to explore strategic pathways to create value for shareholders.

Headline financials

Total Revenue

$1.15M

Previous: $18.7M-93.8%
EPS (adj)

-$3.62

Previous: -$4.50+19.6%
Net Income

$1.1M

Previous: -$43M+102.6%
Operating Income

-$67.4M

Previous: -$35.4M-90.4%
Gross Profit

-$2.28M

Previous: $13.9M-116.4%
Cash & Equivalents

$38.1M

Previous: $65.1M-41.5%
Total Assets

$38.1M

Previous: $169M-77.5%
Stock-Based Comp

$2.99M

Previous: $5.35M-44.2%

Revenue & EPS history

TherapeuticsMD · Revenue · Quarterly

$1.15M

Q4 2022-93.8%vs Q4 2021
Beat estimate in 3 of 11 quarters(27%)
ActualEstimate

Forward guidance

TherapeuticsMD is eligible to receive up to $30.0 million in milestone payments as well as royalties on net sales of between 7.5% and 8.0%, for a period of 20 years, with minimum annual royalties of $3.0 million per year for 12 years, adjusted for inflation at an annual rate of 3%, subject to certain further adjustments.

Tailwinds

  • Eligible to receive up to $30.0 million in milestone payments
  • Royalties on net sales of between 7.5% and 8.0% for 20 years
  • Minimum annual royalties of $3.0 million per year for 12 years
  • Royalties adjusted for inflation at an annual rate of 3%
  • Upfront cash payment of $140.0 million for the license grant and sale of certain assets, plus an additional approximately $13.1 million for the acquisition of net working capital and prepaid royalties

Headwinds

  • Milestone payments are not guaranteed
  • Royalty payments are subject to sales performance
  • Minimum annual royalties are subject to certain further adjustments
  • Prepaid royalties paid at closing will reduce the first four quarterly royalty payments
  • Winding down operations and the costs associated therewith

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

+0.4%

Avg return

Earnings day

-1.0%

Avg return

5 days after

+0.9%

Avg return

30 days after

38%

24 / 64 earnings

Positive

+200.0%

Q1 2011

Best reaction

-27.5%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025-3.6%-8.3%+4.2%
Q2 2025-0.9%-2.7%-1.8%
Q1 2025-3.9%-2.6%-23.0%
Q4 2024+6.1%+20.9%+26.1%
Q3 2024-1.3%-7.9%-17.8%
Q2 2024-1.2%-4.0%+2.9%
Q1 2024+2.5%+6.7%-4.8%
Q1 2026-1.9%+6.7%-4.8%
Q4 2023+1.3%-2.6%-18.8%
Q3 2023+17.1%+12.4%+18.3%
Q2 2023-3.0%-5.3%-10.9%
Q1 2023+0.2%-1.6%-13.9%
Q4 2022+0.6%+2.0%+7.6%
Q3 2022-15.0%-27.8%+0.3%
Q2 2022+4.1%+8.5%-7.2%
Q1 2022-12.1%+1.0%+223.1%
Q4 2021-27.5%-17.5%-17.5%
Q3 2021-12.5%-18.1%-37.5%
Q2 2021-4.1%-3.1%-18.4%
Q1 2021-14.8%-18.7%-5.5%
Q4 2020+0.7%-5.5%-4.1%
Q3 2020+10.7%+0.8%-4.9%
Q2 2020-18.5%-24.4%-31.2%
Q1 2020-5.8%-5.8%-15.1%
Q4 2019-14.2%-22.9%-57.9%
Q3 2019+4.1%+5.2%-10.3%
Q2 2019+17.7%+61.5%+44.3%
Q1 2019-12.8%-20.9%-26.8%
Q4 2018-1.1%+4.4%-4.9%
Q3 2018+6.0%+0.4%-3.4%
Q2 2018-14.1%-14.1%+3.6%
Q1 2018+2.2%+4.9%-0.7%
Q4 2017-8.4%-3.8%-10.2%
Q3 2017+27.8%+30.0%+33.0%
Q2 2017-6.6%-4.1%+6.8%
Q1 2017-6.4%-6.8%-12.2%
Q4 2016+3.0%+10.8%+19.4%
Q3 2016+0.0%+10.5%+19.7%
Q2 2016+0.8%+2.1%-9.2%
Q1 2016-5.8%
Q4 2015+2.2%
Q3 2015+2.2%
Q2 2015-9.2%
Q1 2015-11.6%
Q4 2014+0.4%
Q3 2014-15.3%
Q2 2014+10.7%
Q1 2014-9.0%
Q4 2013+2.8%
Q3 2013-10.0%
Q2 2013-5.4%
Q1 2013+0.4%
Q4 2012-1.8%
Q3 2012-8.7%
Q2 2012+1.5%
Q1 2012-2.0%
Q4 2011-3.6%
Q3 2011+0.0%
Q2 2011+0.0%
Q1 2011+200.0%
Q4 2010-25.0%
Q3 2010+0.0%
Q2 2010+0.0%
Q1 2010+0.0%

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