Esperion has shown strong prescription growth and expanded payer access, both domestically and internationally. While facing some financial headwinds due to contract updates, the company is on track for future growth with a strengthened financial position.
Company Guidance
During Esperion Therapeutics' Q3 2024 earnings call, CEO Sheldon Koenig highlighted the significant progress and guidance for the company's bempedoic acid products, NEXLETOL and NEXLIZET. The company reported a 10% sequential and 53% year-over-year increase in U.S. net product revenue, with prescriptions rising 12% and new-to-brand prescriptions up 18% compared to the prior quarter. They expanded coverage to 165 million patient lives, achieving over 65% Medicare and 92% commercial coverage. Internationally, they reported a 19% sequential increase in royalty revenue from Europe, and partners like Otsuka in Japan and Daiichi Sankyo in Taiwan are advancing approvals. Esperion is focused on sustaining this growth and expanding their global reach while preparing for further development of their ACLY inhibitors pipeline.
Significant Prescription Growth
Esperion reported double-digit prescription growth for NEXLETOL and NEXLIZET, with a 53% year-over-year increase in U.S. net product revenue and a 10% sequential growth.
Expanded Payer Access
Updated utilization management criteria increased access to 165 million patient lives, with more than 65% Medicare and over 92% commercially insured lives covered.
International Expansion
Esperion's partner in Europe posted a 19% sequential increase in royalty revenue. Approval and launch activities in Taiwan and expected submissions in Canada, Australia, and Israel signal global growth potential.
Financial Strengthening
Esperion monetized European royalties and paid off a previous revenue interest facility, strengthening the balance sheet. Total revenue increased to $51.6 million from $34 million in Q3 2023.
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Esperion (ESPR) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ESPR Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 07, 2024
$2.21
$2.11
-4.52%
Aug 12, 2024
$2.02
$1.84
-8.91%
May 07, 2024
$2.12
$2.37
+11.79%
Feb 27, 2024
$2.63
$2.90
+10.27%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Esperion (ESPR) report earnings?
Esperion (ESPR) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Esperion (ESPR) earnings time?
Esperion (ESPR) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.