NYSE$PCRX
Pacira BioSciences Inc. · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Pacira reported record revenues and non-GAAP net income increased.
Pacira BioSciences, Inc. reported a 29% increase in total revenues for the fourth quarter of 2019, reaching $122.4 million, driven by a 24% increase in EXPAREL net product sales and iovera° net product sales of $3.2 million. The company's GAAP net loss was $4.9 million, or $0.12 per share, while non-GAAP net income was $23.8 million, or $0.56 per share. Pacira also provided full-year 2020 revenue guidance of between $485 million and $500 million.
- Total revenues increased by 29% to $122.4 million compared to Q4 2018.
- EXPAREL net product sales increased by 24% to $116.9 million compared to Q4 2018.
- iovera° net product sales were $3.2 million.
- Non-GAAP net income was $23.8 million, or $0.56 per diluted share.
Headline financials
Revenue & EPS history
Pacira · Revenue · Quarterly
$122M
Revenue by segment
Pacira · $120M total across 2 segments · Q4 2019
- EXPAREL$117M+23.8%97.3%
- iovera°$3.22M—2.7%
Forward guidance
Pacira provided full-year 2020 financial guidance, expecting total revenues to be between $485 million and $500 million.
Tailwinds
- Total revenues to be between $485 million and $500 million
- EXPAREL net product sales to be between $465 million and $475 million
- iovera° net product sales to be between $15 million and $20 million
- Non-GAAP gross margins to be between 76% and 78%
Headwinds
- Non-GAAP research and development (R&D) expense to be between $60 million to $70 million
- Non-GAAP selling, general and administrative (SG&A) expense to be between $180 million and $190 million
- Stock-based compensation to be between $35 million and $40 million
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 2019
+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
| Quarter | Report date | Reaction (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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