HRTX
Heron Therapeutics, Inc.1.3800
-0.0200-1.43%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
ZYNRELEF October demand accelerates
Q&A confirmed ZYNRELEF demand surged 17-18% month-over-month into October, extending prepared hints of late-quarter momentum. NOPAIN Act gains traction, with 75% coverage on indicated procedures including Aetna and Cigna plans, plus 2025 tailwinds from CMS models and outpatient shifts. Dedicated sales teams for ZYNRELEF and APONVIE yield synergies and a recent CINVANTI account win, with pocketed 2026 expansions eyed within profitability. Minimal VAN stocking distorted Q3 minimally. SUSTOL winds down into 2026 for potential 2027 relaunch; prefilled syringe stability testing started. Management stayed crisp on competition. October teases inflection. Investors track Q4 durability.
Key Stats
Market Cap
253.04MP/E (TTM)
-Basic EPS (TTM)
-0.09Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Heron Therapeutics posted Q3 net product sales of $38.2M, up 16.4% y/y from $32.8M but down q/q (derived) from prior quarters amid YTD growth of 10.4% to $114.3M; gross margins held steady at 68.8% vs 71.2% y/y while operating loss narrowed slightly to $4.1M. ZYNRELEF and APONVIE drove acute care sales up 67% y/y to $12.3M, offsetting oncology softness from CINVANTI competition, with SUSTOL sales sliding to $1.9M. Cash climbed to $55.5M after refinancing $150M working capital facility to 2030 (prime +1.95%, $107.5M drawn) and $35M 2031 notes at 5%, extinguishing prior debt for $11.3M loss; net loss widened to $17.5M ($0.10/share) from debt hits. Equity raises added $27M via common/preferred stock. Patent wins block CINVANTI generics until 2035, but oncology pricing pressure lingers.
8-K
Q3 revenue beats, guidance firm
Heron Therapeutics posted Q3 net revenue of $38.2M, up 16.5% year-over-year, driven by Acute Care's 67.2% surge from ZYNRELEF's 49% and APONVIE's 173% gains amid sales team launches and VAN rollout. Year-to-date revenue hit $114.3M. Guidance holds at $153M-$163M revenue, $9M-$13M adjusted EBITDA. Cash stands at $55.5M.
8-K
Board appoints finance expert
Heron Therapeutics appointed Thomas Cusack to its Board of Directors effective October 27, 2025, fulfilling the August 8, 2025 Cooperation Agreement with Rubric Capital Management LP. With over 20 years in investment management and corporate finance, including a role at Starboard Value LP overseeing $9 billion in assets, Cusack joins the Nominating and Corporate Governance Committee. This addition bolsters board expertise in governance and strategy. Heron expects his insights to support portfolio growth amid inherent biotech risks.
8-K
Stockholders approve stock issuances
Heron Therapeutics' stockholders overwhelmingly approved two proposals at the October 13, 2025 special meeting to authorize common stock issuances exceeding Nasdaq's 19.99% threshold for conversions of convertible senior unsecured promissory notes due 2031 and Series A Convertible Preferred Stock, both held by non-affiliated parties. Proposal 1 passed with 89.6 million for votes against 5.6 million, while Proposal 2 garnered 91.5 million for versus 3.7 million. This clears the path for potential future dilutions. Yet approvals lock in financing flexibility.
8-K
Heron leases new HQ
Heron Therapeutics inked a lease for its new Cary, NC headquarters, spanning 16,837 square feet at 25 Fenton Main Street, effective August 22, 2025. The 111-month term kicks off with $614,550.50 monthly base rent, escalating annually, plus a share of operating costs—yet rent and costs get abated for initial months. This move secures a one-time extension option and first-refusal rights on adjacent space. Relocation streamlines operations amid growth.
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