Jun 30, 2021

Esperion Q2 2021 Earnings Report

Esperion reported financial results for the second quarter ended June 30, 2021, with U.S. net product revenue growing 67% sequentially.

Key Takeaways

Esperion reported a net loss of $43.7 million for Q2 2021, with total revenues of $40.7 million. U.S. net product revenue grew 67% sequentially to $10.6 million, driven by increased demand and improved net price. The company is progressing with its CLEAR Outcomes study and expects complete MACE accumulation in 2H 2022.

Sheldon Koenig was appointed President and CEO.

JoAnne Micale Foody, MD, FACC, FAHA was appointed Chief Medical Officer.

U.S. net product revenue grew 67% sequentially.

Product positioning revisions positively impacted physician and payer engagement, increasing formulary adoption.

Total Revenue
$40.7M
Previous year: $212M
-80.8%
EPS
-$1.67
Previous year: $4.32
-138.7%
Gross Profit
$40.7M
Previous year: $212M
-80.8%
Cash and Equivalents
$219M
Previous year: $301M
-27.1%
Free Cash Flow
-$47.9M
Previous year: $139M
-134.5%
Total Assets
$280M
Previous year: $330M
-15.1%

Esperion

Esperion

Esperion Revenue by Segment

Forward Guidance

Esperion provided financial outlook for the full year 2021.

Revenue & Expenses

Visualization of income flow from segment revenue to net income