HRTX
Heron Therapeutics, Inc.1.3800
-0.0200-1.43%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details CINV flatness, guideline timelines
Q&A pinpointed 2026 CINVANTI sales staying flat, hospital volume gains via IBM team offset by pricing erosion—beyond prepared remarks' oncology stability nod. NOPAIN Act remains a ZYNRELEF tailwind, but education lagged expectations, spurring team expansion and commercial payer alignment. APONVIE's guideline inclusion sets up H2 impact through 6-9 month P&T cycles and protocol shifts. VAN rollout proved seamless, mirroring PFS plans. Slayback litigation eyes quick resolution. Management stayed crisp on execution. Investors eye Acute Care adoption durability.
Key Stats
Market Cap
253.04MP/E (TTM)
-Basic EPS (TTM)
-0.09Dividend Yield
0%Recent Filings
10-K
FY2025 results
Heron Therapeutics delivered FY2025 results with net product sales up 7.4% y/y to $154.9M, driven by 65.1% acute care growth from ZYNRELEF and APONVIE market share gains offsetting 7.8% oncology decline amid higher gross-to-net adjustments and SUSTOL unit drops. Q4 momentum accelerated acute care while oncology faced headwinds; gross margins held steady at 26.7% despite inventory write-offs. Liquidity stood at $46.6M cash/investments against $147.1M debt, bolstered by $150M working capital facility to 2030. SUSTOL commercialization winds down by late 2026. Patent litigation risks could erode oncology revenue.
8-K
65% Acute Care revenue surge
8-K
Q4 revenue $40.5M led by ZYNRELEF
Heron Therapeutics reported preliminary Q4 2025 net revenue of $40.5M, up on ZYNRELEF's $12.5M surge—~35% over Q3. Full-year revenue hit $154.9M, with Acute Care products like APONVIE ($3.8M) fueling growth while CINVANTI led at $22.9M. ZYNRELEF drives momentum. Results unaudited; final figures may differ.
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.
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