La Jolla Pharmaceutical Company

NasdaqCM:LJPC Stock Report

Market Cap: US$155.1m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

La Jolla Pharmaceutical Past Earnings Performance

Past criteria checks 3/6

La Jolla Pharmaceutical has been growing earnings at an average annual rate of 40.6%, while the Biotechs industry saw earnings growing at 17.4% annually. Revenues have been growing at an average rate of 53.7% per year.

Key information

40.63%

Earnings growth rate

44.63%

EPS growth rate

Biotechs Industry Growth17.04%
Revenue growth rate53.67%
Return on equityn/a
Net Margin8.54%
Last Earnings Update30 Jun 2022

Recent past performance updates

Analysis Article Nov 11

We Think La Jolla Pharmaceutical's (NASDAQ:LJPC) Robust Earnings Are Conservative

The subdued stock price reaction suggests that La Jolla Pharmaceutical Company's ( NASDAQ:LJPC ) strong earnings didn't...

Recent updates

Seeking Alpha Jul 11

Innoviva to acquire La Jolla Pharma for $149M including debt

Innoviva, Inc. (INVA), a diversified holding company, has agreed to acquire the commercial-stage biotech La Jolla Pharmaceutical Company (NASDAQ:LJPC) for $6.23 per share in cash, implying an enterprise value of ~$149M, the companies announced on Monday. Per the terms of the merger agreement, Innoviva (INVA) intends to pay $5.95 per share for La Jolla (LJPC) and $0.28 per share for additional cash proceeds from the divestiture of a non-core asset. The initial purchase price of $5.95 indicates a premium of 70% to the 30-day volume-weighted average price (VWAP). Innoviva (INVA), through one of its subsidiaries, will start a tender offer in this regard on or before July 25, 2022. The deal is expected to close within 30 business days. In 2017, the FDA approved La Jolla’s (LJPC) lead product to increase blood pressure in adults with septic or other distributive shock. A year later, the agency greenlighted its second product XERAVA as a treatment for adults with complicated intra-abdominal infections. The company reported $43.5M of net product sales in 2021 with ~30% YoY growth.
Analysis Article Nov 11

We Think La Jolla Pharmaceutical's (NASDAQ:LJPC) Robust Earnings Are Conservative

The subdued stock price reaction suggests that La Jolla Pharmaceutical Company's ( NASDAQ:LJPC ) strong earnings didn't...
Seeking Alpha Jul 02

Our Take On La Jolla Pharmaceutical Company

La Jolla Pharmaceutical Company (LJPC) strengthened its balance sheet with upfront money from the EU commercial rights to its two septic shock related products. Although Giapreza sales have been uninspiring since its 2018 launch, the company is nearing cash flow positive, owing to the lack of a meaningful R&D effort since a 2019 restructuring. With a market cap less than two times forecasted 2022 sales and insider buying, La Jolla merited a deeper dive. A full investment analysis follows in the paragraphs below.
Analysis Article Mar 11

La Jolla Pharmaceutical's (NASDAQ:LJPC) Shareholders Are Down 82% On Their Shares

While it may not be enough for some shareholders, we think it is good to see the La Jolla Pharmaceutical Company...
Analysis Article Feb 11

Market Sentiment Around Loss-Making La Jolla Pharmaceutical Company (NASDAQ:LJPC)

We feel now is a pretty good time to analyse La Jolla Pharmaceutical Company's ( NASDAQ:LJPC ) business as it appears...
Analysis Article Jan 16

Industry Analysts Just Upgraded Their La Jolla Pharmaceutical Company (NASDAQ:LJPC) Revenue Forecasts By 18%

Celebrations may be in order for La Jolla Pharmaceutical Company ( NASDAQ:LJPC ) shareholders, with the analysts...
Analysis Article Jan 05

Should You Take Comfort From Insider Transactions At La Jolla Pharmaceutical Company (NASDAQ:LJPC)?

It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
Analysis Article Dec 09

Could The La Jolla Pharmaceutical Company (NASDAQ:LJPC) Ownership Structure Tell Us Something Useful?

The big shareholder groups in La Jolla Pharmaceutical Company ( NASDAQ:LJPC ) have power over the company. Generally...

Revenue & Expenses Breakdown

How La Jolla Pharmaceutical makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqCM:LJPC Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 22464383
31 Mar 22525373
31 Dec 217620355
30 Sep 217412366
30 Jun 21703377
31 Mar 2160-163511
31 Dec 2033-393618
30 Sep 2030-613930
30 Jun 2026-794448
31 Mar 2026-934761
31 Dec 1923-1175273
30 Sep 1920-1376477
30 Jun 1918-15870145
31 Mar 1914-18181128
31 Dec 1810-19990108
30 Sep 186-1937890
30 Jun 182-168650
31 Mar 181-142480
31 Dec 170-115310
30 Sep 170-101240
30 Jun 170-96210
31 Mar 170-85180
31 Dec 161-78170
30 Sep 161-65150
30 Jun 162-54140
31 Mar 161-49140
31 Dec 151-42140
30 Sep 151-37140

Quality Earnings: LJPC has a large one-off gain of $2.3M impacting its last 12 months of financial results to 30th June, 2022.

Growing Profit Margin: LJPC's current net profit margins (8.5%) are higher than last year (4.1%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: LJPC has become profitable over the past 5 years, growing earnings by 40.6% per year.

Accelerating Growth: LJPC's earnings growth over the past year (36.3%) is below its 5-year average (40.6% per year).

Earnings vs Industry: LJPC earnings growth over the past year (36.3%) exceeded the Biotechs industry -42.7%.


Return on Equity

High ROE: LJPC's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2022/08/22 12:32
End of Day Share Price 2022/08/19 00:00
Earnings2022/06/30
Annual Earnings2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

La Jolla Pharmaceutical Company is covered by 11 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Keay NakaeChardan Capital Markets, LLC
Reni BenjaminH.C. Wainwright & Co.
Eun Kyung YangJefferies LLC