NASDAQ$VNDA

Vanda Pharmaceuticals Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported a decrease in total revenues and net income compared to the same quarter last year, while making progress on regulatory filings and intellectual property litigation.

Vanda Pharmaceuticals reported Q4 2022 total revenues of $64.5 million, a 5% decrease compared to Q4 2021. Net income was $6.9 million, slightly lower than the $7.1 million reported in the same quarter of the previous year. The company is pursuing regulatory approvals for HETLIOZ® and preparing for an NDA submission for tradipitant.

  • Total revenues for Q4 2022 were $64.5 million, a 5% decrease year-over-year.
  • HETLIOZ® net product sales decreased by 9% to $40.1 million due to reimbursement challenges.
  • Fanapt® net product sales increased by 2% to $24.4 million.
  • Net income was $6.9 million, slightly lower compared to $7.1 million in Q4 2021.

Headline financials

Total Revenue

$64.5M

Previous: $68M-5.2%
EPS (adj)

$0.12

Previous: $0.12+0.0%
Capital Expenditures

$263K

Previous: $134K+96.3%
Free Cash Flow

$9.15M

Previous: $26.5M-65.4%
Net Income

$6.9M

Previous: $7.08M-2.5%
Operating Income

$6.63M

Previous: $8.64M-23.2%
Gross Profit

$58.2M

Previous: $61.8M-5.7%
Cash & Equivalents

$135M

Previous: $52.1M+159.3%
Total Assets

$634M

Previous: $594M+6.8%
Stock-Based Comp

$3.78M

Previous: $3.77M+0.2%

Revenue & EPS history

Vanda · Revenue · Quarterly

$64.5M

Q4 2022-5.2%vs Q4 2021
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Revenue by segment

Vanda · $64.5M total across 2 segments · Q4 2022

  • HETLIOZ
    $40.1M-9.0%
  • Fanapt
    $24.4M+1.8%

Forward guidance

Due to uncertainties surrounding the U.S. market for HETLIOZ® as a result of the ongoing HETLIOZ® patent litigation, Vanda is unable to provide 2023 financial guidance at this time.

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

-0.7%

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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