NYSE$PCRX

Pacira BioSciences Inc. · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Pacira BioSciences reported preliminary net product sales for July 2021.

Pacira BioSciences reported preliminary unaudited net product sales of EXPAREL and iovera° for July 2021, with EXPAREL average daily sales at 117% of July 2020. The company is confident in achieving its five-year goals of top-line growth and operating margins.

  • Net product sales reached $42.1 million in July 2021.
  • EXPAREL sales were $40.9 million in July 2021.
  • iovera° sales were $1.0 million in July 2021.
  • EXPAREL average daily sales for July 2021 were 117 percent of July 2020.

Headline financials

Total Revenue

$136M

Previous: $75.2M+80.3%
EPS (adj)

$0.77

Previous: $0.12+541.7%
Capital Expenditures

-$23.6M

Previous: -$15.6M-51.1%
Free Cash Flow

-$4.54M

Previous: -$22.9M+80.2%
Net Income

$19.1M

Previous: -$7.27M+362.5%
Operating Income

$34.8M

Previous: -$7.15M+587.5%
Gross Profit

$100M

Previous: $52.9M+89.6%
Cash & Equivalents

$106M

Previous: $78.6M+34.7%
Total Assets

$1.33B

Previous: $866M+53.1%
Stock-Based Comp

$10.5M

Previous: $9.22M+13.4%

Revenue & EPS history

Pacira · Revenue · Quarterly

$136M

Q2 2021+80.3%vs Q2 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Pacira · $41.9M total across 2 segments · Q2 2021

  • EXPAREL
    $40.9M-44.0%
  • iovera°
    $1M-28.3%

Forward guidance

Pacira BioSciences is confident in achieving its five-year goals of top line growth in at least the high teens and operating margins that exceed 50 percent.

Tailwinds

  • Company expects to achieve top line growth in at least the high teens.
  • Company expects operating margins that exceed 50 percent.

Headwinds

  • Net product sales were negatively impacted by the COVID-19 pandemic in 2020.
  • It is still unclear how long it will take the elective surgery market to normalize.
  • There is a risk of restrictions on elective procedures recurring due to COVID-19 variant strains or otherwise.

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 Q2 2021

Historical avgQ2 2021

+1.9%

Avg return

Earnings day

+2.1%

Avg return

5 days after

-1.2%

Avg return

30 days after

64%

37 / 58 earnings

Positive

+23.7%

Q3 2015

Best reaction

-16.2%

Q1 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.4%-1.4%-7.7%
Q4 2025-3.2%+1.2%+1.3%
Q3 2025+4.6%+13.1%+13.7%
Q1 2025+0.9%-1.8%+4.3%
Q4 2024-5.2%-7.4%-1.9%
Q3 2024+2.4%+1.3%+11.5%
Q2 2024+1.4%+4.4%-24.6%
Q1 2024+11.9%+11.0%+9.9%
Q4 2023-3.5%-1.6%-2.3%
Q3 2023+9.6%+7.0%-1.8%
Q2 2023+7.6%+5.9%-1.3%
Q1 2023-7.1%-9.0%-15.8%
Q4 2022+5.9%+2.7%-1.9%
Q3 2022-2.2%-1.2%-7.3%
Q2 2022-3.5%-1.0%-4.4%
Q1 2022+2.8%+6.1%-6.9%
Q4 2021+7.3%+2.0%-16.5%
Q3 2021-2.0%-3.2%-4.5%
Q2 2021-6.1%-3.7%-7.2%
Q1 2021+1.8%+2.2%-2.8%
Q4 2020-6.7%+0.7%-6.3%
Q3 2020+0.4%+1.8%+22.5%
Q2 2020+4.0%+6.9%+7.9%
Q1 2020+0.8%+3.0%+16.3%
Q4 2019-4.4%-8.7%-38.0%
Q3 2019+5.8%+3.0%+10.3%
Q2 2019-3.1%-8.4%-18.1%
Q1 2019+1.2%+0.1%-5.9%
Q4 2018+3.8%-3.8%-6.3%
Q3 2018+2.9%+1.6%-1.1%
Q2 2018+11.3%+10.2%+16.1%
Q1 2018-1.2%-4.6%-1.1%
Q4 2017+4.8%+2.2%-0.2%
Q3 2017+14.6%+22.0%+27.8%
Q2 2017-3.4%-6.6%-2.9%
Q1 2017+4.5%+6.6%-3.7%
Q4 2016+13.0%+10.9%+4.3%
Q3 2016-4.7%-3.0%-5.9%
Q2 2016+16.1%+21.1%+4.1%
Q1 2016-4.7%
Q4 2015-6.0%
Q3 2015+23.7%
Q2 2015+13.2%
Q1 2015-16.2%
Q4 2014+1.0%
Q3 2014-12.3%
Q2 2014+9.2%
Q1 2014+6.4%
Q4 2013+6.4%
Q3 2013+6.1%
Q2 2013-0.1%
Q1 2013+2.0%
Q3 2012+0.2%
Q2 2012+4.0%
Q1 2012+1.8%
Q3 2011-9.7%
Q2 2011+1.9%
Q1 2011-0.1%
Q3 2010
Q2 2010
Q1 2010

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