earnings
confidence high
sentiment positive
materiality 0.75
Pacira Q2 2024: Revenue $178M, GAAP EPS $0.39; CMS proposes EXPAREL outpatient reimbursement under NOPAIN
Pacira BioSciences, Inc.
2024-Q2 EPS reported
$0.58
revenue$345,140,000
- Total revenues of $178.0M, up 5% YoY; EXPAREL sales $136.9M (+1.3%), ZILRETTA $30.7M.
- GAAP net income $18.9M ($0.39 diluted EPS) vs $25.8M ($0.51) in Q2 2023.
- Non-GAAP net income $44.2M ($0.89 diluted EPS) vs $36.0M ($0.71) a year ago; adjusted EBITDA $62.1M.
- CMS proposed rule would separately reimburse EXPAREL in HOPD/ASC starting Jan 2025 under NOPAIN Act.
- Full-year 2024 revenue guidance reiterated at $680M-$705M; $150M share repurchase program ongoing.