earnings
confidence high
sentiment positive
materiality 0.80
Collegium Q2 revenue up 7% to $145.3M; adjusted EPS $1.62; Ironshore acquisition on track
COLLEGIUM PHARMACEUTICAL, INC
2024-Q2 EPS reported
$1.24
revenue$290,199,000
- Net revenue $145.3M (+7% YoY); Belbuca record $52.2M (+21% YoY); GAAP net income $19.6M (+51% YoY).
- Non-GAAP adjusted net income $64.0M, adjusted EPS $1.62; Adjusted EBITDA $96.0M (+12% YoY).
- Acquiring Ironshore Therapeutics for $525M cash + up to $25M milestone; expected close Q3'24; funded by new $646M term loan.
- Reaffirmed FY2024 guidance: Product Revenue $580-595M, Adjusted EBITDA $380-395M.
- Pediatric exclusivity for Nucynta franchise extended to Jan 2027 (Nucynta) and Dec 2025 (Nucynta ER).