Collegium Pharma (COLL) Misses Q4 EPS by 9c
Collegium Pharma (NASDAQ: COLL) reported Q4 EPS of $0.20, $0.09 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $76.3 million versus the consensus estimate of $77.41 million.
“Our differentiated pain portfolio performed well during the fourth quarter, laying the groundwork for a strong start in the new year,” said Joe Ciaffoni, President and Chief Executive Officer of Collegium. “As we turn to 2021, we are encouraged by underlying trends in our business and remain focused on maximizing the potential of our portfolio and creating value for our shareholders. As always, we are committed to being the leader in responsible pain management and will continue to prioritize the health and safety of our people, customers and the communities that we serve.”
“The fourth quarter capped a financially transformative 2020 for Collegium, in which Xtampza ER growth and the acquisition of the Nucynta franchise enabled us to deliver profitability and generate significant cash flows,” said Paul Brannelly, Executive Vice President and Chief Financial Officer of Collegium. “Our 2021 outlook is supported by early Xtampza ER growth trends, expected stable profit contributions from the Nucynta franchise and our ability to continue to leverage our cost structure. This year we are focused on profitability, strong cash generation and remaining focused and disciplined in our approach to capital allocation.”
For earnings history and earnings-related data on Collegium Pharma (COLL) click here.
