NASDAQ$VNDA

Vanda Pharmaceuticals Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported strong financial performance with increased total revenues and net income.

Vanda Pharmaceuticals reported a strong first quarter in 2020, with a 22% increase in total revenues year-over-year, reaching $58.0 million. The company also achieved net income of $0.5 million, a significant improvement compared to the net loss of $0.6 million in the first quarter of 2019.

  • Total net product sales reached $58.0 million, a 22% increase year-over-year.
  • HETLIOZ® net product sales were $35.3 million, a 22% increase year-over-year.
  • Fanapt® net product sales were $22.7 million, a 21% increase year-over-year.
  • Cash, cash equivalents, and marketable securities were $312.3 million as of March 31, 2020.

Headline financials

Total Revenue

$58M

Previous: $47.7M+21.6%
EPS (adj)

$0.01

Previous: $0.06-83.3%
Capital Expenditures

-$373K

Previous: -$393K+5.1%
Free Cash Flow

$113K

Previous: -$1.01M+111.2%
Net Income

$486K

Previous: -$612K+179.4%
Operating Income

-$125K

Previous: -$2.09M+94.0%
Gross Profit

$52.8M

Previous: $47.7M+10.6%
Cash & Equivalents

$65M

Previous: $34.4M+88.9%
Total Assets

$489M

Previous: $351M+39.1%
Stock-Based Comp

$3.94M

Previous: $3.28M+20.2%

Revenue & EPS history

Vanda · Revenue · Quarterly

$58M

Q1 2020+21.6%vs Q1 2019
Beat estimate in 5 of 14 quarters(36%)
ActualEstimate

Revenue by segment

Vanda · $58M total across 2 segments · Q1 2020

  • HETLIOZ
    $35.3M+21.7%
  • Fanapt
    $22.7M+20.7%

Forward guidance

Vanda will continue to assess the impact of the rapidly evolving COVID-19 pandemic on its business and operations and will provide future updates to its financial guidance as necessary.

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 Q1 2020

Historical avgQ1 2020

-0.7%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+1.9%

Avg return

30 days after

45%

29 / 65 earnings

Positive

+24.8%

Q2 2019

Best reaction

-23.7%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-10.5%-13.8%-19.1%
Q4 2025-17.6%-16.6%+18.6%
Q3 2025-0.9%-1.4%+21.4%
Q1 2025-3.9%-9.1%+5.3%
Q4 2024-6.0%-3.2%+6.0%
Q3 2024+4.8%+11.5%+1.0%
Q2 2024-3.4%-9.1%-9.4%
Q1 2024-8.6%-7.8%+11.7%
Q4 2023+9.1%+16.1%+3.8%
Q3 2023-23.7%-23.0%-15.1%
Q2 2023-8.8%-13.4%-14.3%
Q1 2023+7.0%+7.9%-5.6%
Q4 2022-4.6%-4.5%-18.0%
Q3 2022-4.8%-0.2%+2.5%
Q2 2022-1.2%+0.9%-0.5%
Q1 2022-6.2%-0.1%-0.8%
Q4 2021-5.0%-15.2%-14.5%
Q3 2021-11.8%-11.9%-21.2%
Q2 2021-7.4%-12.4%-10.5%
Q1 2021+5.1%+7.2%+8.6%
Q4 2020+20.5%+17.6%+15.5%
Q3 2020+3.8%+3.5%+17.2%
Q2 2020+6.2%+10.2%-5.3%
Q1 2020-4.4%+0.4%-2.5%
Q4 2019-3.7%-6.2%-20.5%
Q3 2019+7.6%+10.2%+29.4%
Q2 2019+24.8%+21.2%+11.4%
Q1 2019-3.1%+1.3%-9.9%
Q4 2018+9.3%+14.7%-0.7%
Q3 2018+16.7%+12.5%+37.2%
Q2 2018+4.1%+2.4%-7.3%
Q1 2018+10.6%+11.0%+25.1%
Q4 2017+6.6%+7.9%+4.7%
Q3 2017-16.8%-16.5%-11.7%
Q2 2017+7.1%+3.5%+11.3%
Q1 2017-0.3%-3.3%-8.0%
Q4 2016-0.7%+2.7%-1.7%
Q3 2016-8.4%-2.3%+4.7%
Q2 2016+2.7%+8.5%+36.9%
Q1 2016+3.9%
Q4 2015-0.6%
Q3 2015-9.5%
Q2 2015+8.3%
Q1 2015+7.2%
Q4 2014-12.7%
Q3 2014+8.3%
Q2 2014-11.3%
Q1 2014-20.2%
Q4 2013+7.2%
Q3 2013-3.3%
Q2 2013+4.0%
Q1 2013+7.6%
Q4 2012+0.8%
Q3 2012-6.2%
Q2 2012+1.0%
Q1 2012-0.4%
Q4 2011+6.5%
Q4 2009+6.5%
Q3 2011-2.2%
Q3 2010-2.2%
Q4 2010-10.9%
Q2 2011-10.9%
Q2 2010-10.9%
Q1 2011+1.7%
Q1 2010+7.5%

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