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Supernus Pharmaceuticals Inc (SUPN) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2014

Supernus Pharmaceuticals Inc

CIK: 1041061 Ticker: SUPN

Exhibit 99.1

 

GRAPHIC

 

Supernus Announces Fourth Quarter

and Full Year 2014 Results

 

·                    Cash flow positive for the fourth quarter, $5.9 million, and for the full year, $3.2 million.

 

·                    Net income for the fourth quarter, $4.4 million, and for the full year, $19.9 million.

 

·                    Total revenue for the fourth quarter, $30.8 million, exceeded guidance by $4 million, and includes $30.5 million in net product sales.

 

·                    Total revenue for full year 2014 was $122.0 million, including $89.6 million in net product sales.

 

·                    Fourth quarter product prescriptions increased to 70,739, representing a 22% increase over the third quarter of 2014.

 

·                    Met with the FDA in December to review SPN-810.  We remain on-track to initiate Phase III testing in the fourth quarter of 2015.

 

Rockville, MD, March 10, 2015

- Supernus Pharmaceuticals, Inc. (NASDAQ: SUPN), a specialty pharmaceutical company focused on developing and commercializing products for the treatment of central nervous system (CNS) diseases, today reported financial results for the fourth quarter and full year 2014 and associated company developments.

 

Business Update

 

Fourth quarter prescriptions, as reported by Symphony for Trokendi XR® and Oxtellar XR®, totaled 70,739, increasing by 12,963, or 22%, as compared to third quarter 2014.  Trokendi XR prescriptions for the fourth quarter totaled 50,583, a 28% increase over the 39,524 prescriptions for the third quarter.  Oxtellar XR prescriptions for the fourth quarter totaled 20,156, a 10% increase over the 18,252 prescriptions for the third quarter.

 

Managed care coverage continues to be strong for both products. Oxtellar XR now has 180.2 million lives covered and Trokendi XR has 174.0 million lives covered. Roughly 89% of Trokendi XR and 90% of Oxtellar XR national claims are approved by payors.

 

“During our November earnings call, we reiterated that the Company would become cash flow positive by the end of the fourth quarter.  Not only was the Company cash flow positive for the month of December, but it was also significantly cash flow positive for the entire fourth quarter.  In addition, net product revenue of approximately $30 million for the fourth quarter substantially exceeded our guidance of $24 million to $26 million.  We are extremely proud of these accomplishments and our employees’ commitment to delivering on our promises,” said Jack Khattar, President and CEO of Supernus Pharmaceuticals.

 

“We look forward to another strong year in 2015, as we continue to build on the success of our product launches and growing prescription base,” said Mr. Khattar.

 


The following information was filed by Supernus Pharmaceuticals Inc (SUPN) on Tuesday, March 10, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholder's Equity
Consolidated Statements Of Changes In Stockholder's Equity (parenthetical)
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Operations
Accrued Liabilities
Accrued Liabilities (details)
Accrued Liabilities (tables)
Collaboration Agreements
Collaboration Agreements (details)
Commitments And Contingencies
Commitments And Contingencies (details)
Commitments And Contingencies (tables)
Convertible Senior Secured Notes
Convertible Senior Secured Notes (details 2)
Convertible Senior Secured Notes (details)
Convertible Senior Secured Notes (tables)
Earnings Per Share
Earnings Per Share (details)
Earnings Per Share (tables)
Employee Benefit Plan
Employee Benefit Plan (details)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (details 2)
Fair Value Of Financial Instruments (details 3)
Fair Value Of Financial Instruments (details 4)
Fair Value Of Financial Instruments (details)
Fair Value Of Financial Instruments (tables)
Income Taxes
Income Taxes (details)
Income Taxes (tables)
Intangible Assets
Intangible Assets (details)
Intangible Assets (tables)
Inventories
Inventories (details)
Inventories (tables)
Organization And Nature Of Operations
Organization And Nature Of Operations (details)
Property And Equipment
Property And Equipment (details)
Property And Equipment (tables)
Quarterly Financial Information (unaudited)
Quarterly Financial Information (unaudited) (details)
Quarterly Financial Information (unaudited) (tables)
Share-based Payments
Share-based Payments (details 2)
Share-based Payments (details 3)
Share-based Payments (details)
Share-based Payments (tables)
Stockholders' Equity
Stockholders' Equity (details)
Subsequent Event (details)
Subsequent Events
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details 2)
Summary Of Significant Accounting Policies (details 3)
Summary Of Significant Accounting Policies (details 4)
Summary Of Significant Accounting Policies (details 5)
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Ticker: SUPN
CIK: 1356576
Form Type: 10-K Annual Report
Accession Number: 0001047469-15-002068
Submitted to the SEC: Thu Mar 12 2015 4:09:30 PM EST
Accepted by the SEC: Thu Mar 12 2015
Period: Wednesday, December 31, 2014
Industry: Pharmaceutical Preparations

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