NYSE$PCRX

Pacira BioSciences Inc. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Pacira BioSciences reported record full-year revenue and strong EXPAREL growth driven by anesthesia-driven regional approaches.

Pacira BioSciences reported Q4 2020 financial results with total revenues of $131.0 million, a 7% increase over Q4 2019. GAAP net income was $14.5 million, or $0.33 per share (basic) and $0.32 (diluted). Adjusted EBITDA was $42.9 million, a 48% increase over the prior year.

  • Total revenues were $131.0 million in the fourth quarter of 2020, a 7% increase over the fourth quarter of 2019.
  • EXPAREL net product sales were $125.3 million in the fourth quarter of 2020, a 7% increase over the fourth quarter of 2019.
  • GAAP net income was $14.5 million, or $0.33 per share (basic) and $0.32 (diluted), in the fourth quarter of 2020.
  • Adjusted EBITDA was $42.9 million in the fourth quarter of 2020, a 48% increase over the fourth quarter of 2019.

Headline financials

Total Revenue

$131M

Previous: $122M+7.0%
EPS (adj)

$0.87

Previous: $0.56+55.4%
Adjusted EBITDA

$42.9M

No prior period
Capital Expenditures

$14.4M

Previous: $4.5M+220.4%
Free Cash Flow

$32.3M

Previous: $21.4M+50.7%
Net Income

$14.5M

Previous: -$4.9M+396.2%
Operating Income

$18.8M

Previous: $1.71M+997.1%
Gross Profit

$394M

Previous: $90.5M+335.6%
Cash & Equivalents

$100M

Previous: $292M-65.8%
Total Assets

$1.27B

Previous: $831M+53.4%
Stock-Based Comp

$10.9M

Previous: $9.19M+18.6%

Revenue & EPS history

Pacira · Revenue · Quarterly

$131M

Q4 2020+7%vs Q4 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Pacira · $128M total across 2 segments · Q4 2020

  • EXPAREL
    $125M+7.2%
  • iovera°
    $2.43M-24.7%

Forward guidance

The company’s 2021 product sales continue to be negatively impacted by the COVID-19 pandemic, which mandated significant postponement or suspension in the scheduling of elective surgical procedures resulting from public health guidance and government directives.

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 2020

Historical avgQ4 2020

+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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