Antares Pharma Beats on the Top Line

Antares Pharma (AMEX: AIS  ) reported earnings on May 8. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Antares Pharma crushed expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share improved to zero.

Margins increased across the board.

Revenue details
Antares Pharma reported revenue of $6.9 million. The three analysts polled by S&P Capital IQ looked for a top line of $4.4 million on the same basis. GAAP reported sales were 92% higher than the prior-year quarter's $3.6 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.00. The one earnings estimate compiled by S&P Capital IQ forecast -$0.02 per share. GAAP EPS contracted to zero from the prior-year quarter's -$0.02.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 71.0%, 1,170 basis points better than the prior-year quarter. Operating margin was -1.4%, 3,810 basis points better than the prior-year quarter. Net margin was -1.1%, 3,760 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $3.6 million. On the bottom line, the average EPS estimate is -$0.02.

Next year's average estimate for revenue is $26.1 million. The average EPS estimate is -$0.03.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 171 members out of 183 rating the stock outperform, and 12 members rating it underperform. Among 20 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give Antares Pharma a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Antares Pharma is buy, with an average price target of $3.65.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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  • Report this Comment On May 10, 2012, at 7:34 AM, jlogsdo wrote:

    This is my second time around holding position on AIS. Sold for a minimum gain two years ago. Made a market this past Feb and will likely add to it as it is a buyout candidate per reports in Seeking Alpha. Great future for this one.

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