The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Antares Pharma met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly. GAAP earnings per share.
Gross margins increased, operating margins dropped, net margins dropped.
Antares Pharma reported revenue of $5.5 million. The four analysts polled by S&P Capital IQ predicted a top line of $5.5 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.04. The four earnings estimates compiled by S&P Capital IQ predicted -$0.03 per share. GAAP EPS were -$0.04 for Q4 versus $0.00 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 69.1%, 860 basis points better than the prior-year quarter. Operating margin was -91.7%, much worse than the prior-year quarter. Net margin was -91.1%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $6.6 million. On the bottom line, the average EPS estimate is -$0.02.
Next year's average estimate for revenue is $35.6 million. The average EPS estimate is $0.00.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 183 members out of 201 rating the stock outperform, and 18 members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give Antares Pharma a green thumbs-up, and five 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 $5.25.
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