NYSE$PCRX

Pacira BioSciences Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported preliminary net product sales for July 2022.

Pacira BioSciences reported preliminary net product sales of $50.2 million for July 2022. EXPAREL sales grew, and ZILRETTA continued to perform well in its early growth stage. The company is not providing 2022 revenue or gross margin guidance at this time given the continued uncertainty around labor shortages, COVID-19, and the pace of recovery for the elective surgery market.

  • Net product sales for July 2022 were $50.2 million.
  • EXPAREL net product sales were $40.9 million, with average daily sales 105 percent of July 2021.
  • ZILRETTA net product sales were $8.2 million for July 2022.
  • iovera° net product sales were $1.1 million for July 2022.

Headline financials

Total Revenue

$169M

Previous: $136M+24.9%
EPS (adj)

$0.51

Previous: $0.77-33.8%
Capital Expenditures

-$19.4M

Previous: -$23.6M+17.9%
Free Cash Flow

$473K

Previous: -$4.54M+110.4%
Net Income

$19.9M

Previous: $19.1M+4.2%
Operating Income

$31.2M

Previous: $34.8M-10.4%
Gross Profit

$119M

Previous: $100M+18.4%
Cash & Equivalents

$122M

Previous: $106M+15.4%
Total Assets

$1.73B

Previous: $1.33B+30.8%
Stock-Based Comp

$11.5M

Previous: $10.5M+10.4%

Revenue & EPS history

Pacira · Revenue · Quarterly

$169M

Q2 2022+24.9%vs Q2 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Revenue by segment

Pacira · $50.2M total across 3 segments · Q2 2022

  • EXPAREL
    $40.9M+0.0%
  • ZILRETTA
    $8.2M
  • iovera°
    $1.1M+10.0%

Forward guidance

The company is not providing 2022 revenue or gross margin guidance at this time given the continued uncertainty around labor shortages, COVID-19, and the pace of recovery for the elective surgery market.

Headwinds

  • Continued uncertainty around labor shortages
  • COVID-19 pandemic impact
  • Pace of recovery for the elective surgery market

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 2022

Historical avgQ2 2022

+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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