earnings
confidence high
sentiment positive
materiality 0.75
Collegium 2024 guidance: revenue $580-595M, adj. EBITDA $380-395M, $150M buyback
COLLEGIUM PHARMACEUTICAL, INC
2023-FY EPS reported
$1.29
revenue$566,767,000
- FY2024 product revenue net expected $580M-$595M; adjusted EBITDA $380M-$395M.
- Board authorized $150M share repurchase program through June 30, 2025.
- Xtampza ER gross-to-net improving to 56%-58% after renegotiations covering 30% of scripts.
- Belbuca renegotiated major Medicare Part D contract, reducing rebate, and won new plan (~1M lives).
- Returned $75M to shareholders in 2023 under prior buyback, including $25M accelerated repurchase.