The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Antares Pharma beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share improved to zero.
Gross margins contracted, operating margins increased, and net margins improved.
Antares Pharma reported revenue of $5.4 million. The four analysts polled by S&P Capital IQ wanted to see revenue of $4.9 million on the same basis. GAAP reported sales were 65% higher than the prior-year quarter's $3.3 million.
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. The four earnings estimates compiled by S&P Capital IQ predicted $0 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.
For the quarter, gross margin was 60.5%, 1,260 basis points worse than the prior-year quarter. Operating margin was -3.0%, 3,430 basis points better than the prior-year quarter. Net margin was -2.8%, 3,680 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $5.1 million. On the bottom line, the average EPS estimate is $0.
Next year's average estimate for revenue is $24.2 million.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 158 members out of 166 rating the stock outperform, and eight members rating it underperform. Among 21 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 18 give Antares Pharma a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Antares Pharma is outperform, with an average price target of $3.
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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.