NASDAQ$ZVRA

Zevra Therapeutics Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

KemPharm's Q1 2021 financial results were reported, marked by significant achievements including FDA approval of AZSTARYS and a completed financial restructuring.

KemPharm reported a transformational first quarter of 2021 with the FDA approval of AZSTARYS, completion of financial restructuring, and re-listing on Nasdaq. The company reported revenue of $12.1 million and a net loss of $0.54 per share.

  • AZSTARYS NDA was approved by the FDA on March 2, 2021.
  • Amendment to Licensing Agreement with Gurnet Point Capital affiliate was announced following FDA approval of AZSTARYS.
  • FDA clearance was received to initiate KP879 clinical program for the treatment of Stimulant Use Disorder.
  • Serdexmethylphenidate (SDX) was classified as a Schedule IV Controlled Substance by the DEA.

Headline financials

Total Revenue

$12.1M

Previous: $2.09M+480.0%
EPS (adj)

-$1.61

Previous: -$0.12-1241.7%
Free Cash Flow

-$10.3M

Previous: -$5.77M-78.6%
Net Income

-$10.3M

Previous: -$5.75M-78.9%
Operating Income

$6.96M

Previous: -$3.78M+284.4%
Gross Profit

$11.1M

Previous: $13K+85415.4%
Cash & Equivalents

$75.9M

Previous: $2.36M+3122.3%
Total Assets

$90.4M

Previous: $8.89M+917.8%
Stock-Based Comp

$675K

Previous: $1.03M-34.4%

Revenue & EPS history

Zevra · Revenue · Quarterly

$12.1M

Q1 2021+480%vs Q1 2020
Beat estimate in 3 of 9 quarters(33%)
ActualEstimate

Forward guidance

KemPharm has emerged from Q1 2021 as a Nasdaq-listed company with no debt and significant cash holdings on the balance sheet.

Tailwinds

  • KemPharm has the resources needed to continue the development of KP879
  • Significant cash holdings on the balance sheet
  • No debt
  • Evaluating how to efficiently deploy capital to generate additional value streams for shareholders.
  • Creating long-term value is top of mind

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 2021

Historical avgQ1 2021

-0.2%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+3.8%

Avg return

30 days after

45%

20 / 44 earnings

Positive

+35.2%

Q2 2015

Best reaction

-19.4%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.0%+1.6%-0.1%
Q4 2025+21.3%+9.4%+6.5%
Q3 2025-9.8%-6.4%-13.5%
Q1 2025+3.0%+2.7%+8.3%
Q4 2024-2.1%-2.1%+10.5%
Q3 2024-3.5%-3.8%-5.8%
Q2 2024+2.6%+8.2%+11.5%
Q1 2024-2.7%-5.5%-10.1%
Q4 2023-13.3%-13.9%-23.9%
Q3 2023-3.5%-9.0%+12.7%
Q2 2023+3.8%-4.2%-2.7%
Q1 2023+3.1%+27.7%+37.1%
Q4 2022-19.4%-22.8%+4.9%
Q3 2022-18.3%-17.6%-19.7%
Q2 2022-5.4%-14.6%-4.3%
Q1 2022+2.0%+15.9%+9.5%
Q4 2021-4.7%-1.3%-15.3%
Q3 2021-0.1%-2.1%-9.9%
Q2 2021-9.4%-7.2%-7.6%
Q1 2021+3.4%+10.8%+65.9%
Q4 2020+19.5%+14.4%-8.3%
Q3 2020-5.2%+6.2%+83.0%
Q2 2020+8.7%+46.8%+48.9%
Q1 2020-13.5%-21.2%-27.3%
Q4 2019-0.9%-8.5%-30.9%
Q3 2019+11.3%-5.5%-21.6%
Q2 2019-15.8%-18.3%-25.8%
Q1 2019+4.9%+9.0%+17.2%
Q4 2018-14.6%-16.2%-32.4%
Q3 2018-1.9%-6.9%+8.4%
Q2 2018+5.5%+0.0%+13.7%
Q1 2018+16.8%+23.8%+35.6%
Q4 2017-9.9%-13.2%-29.1%
Q3 2017+1.4%+0.0%+1.4%
Q2 2017+8.5%-8.5%+9.3%
Q1 2017+0.0%+3.8%+2.5%
Q4 2016+9.7%+18.1%+31.9%
Q3 2016+3.8%+3.8%-3.8%
Q2 2016+0.0%+7.7%+22.0%
Q1 2016-15.7%
Q4 2015+0.7%
Q3 2015-8.8%
Q2 2015+35.2%
Q1 2015-2.7%
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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