NASDAQ$AGIO

Agios Pharmaceuticals Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Agios, now focused solely on genetically defined diseases, reported regulatory submissions for mitapivat for the treatment of adults with PK deficiency and presented data from Phase 3 studies at the European Hematology Association Virtual Congress.

Agios reported a net loss of $86.2 million for the second quarter of 2021. The company completed regulatory submissions for mitapivat in the U.S. and EU and presented data from Phase 3 studies. Cash, cash equivalents, and marketable securities totaled $1.7 billion as of June 30, 2021.

  • Completed U.S. and EU regulatory submissions for mitapivat for the treatment of adults with PK deficiency.
  • Presented data from Phase 3 ACTIVATE and ACTIVATE-T studies of mitapivat in adults with PK deficiency at the European Hematology Association Virtual Congress.
  • Presented data from a Phase 2 study of mitapivat in adults with non-transfusion dependent a- or b-thalassemia at the EHA Virtual Congress.
  • Repurchased approximately 10.5 million shares of Agios common stock at an average price of $50.41 per share.

Headline financials

Total Revenue

$0.00

Previous: $37.3M-100.0%
EPS (adj)

-$1.44

Previous: -$1.31-9.9%
Capital Expenditures

$249K

Previous: -$8.69M+102.9%
Free Cash Flow

-$118M

Previous: -$99.2M-18.5%
Net Income

-$86.2M

Previous: -$90.5M+4.7%
Operating Income

-$91.2M

Previous: -$90.2M-1.1%
Cash & Equivalents

$1.73B

Previous: $296M+486.2%
Total Assets

$1.87B

Previous: $976M+92.0%
Stock-Based Comp

$14.9M

Previous: $24.5M-39.1%

Revenue & EPS history

Agios · Revenue · Quarterly

$0

Q2 2021-100%vs Q2 2020
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Forward guidance

Agios plans to initiate two Phase 3 studies of mitapivat in thalassemia and a Phase 2/3 study of mitapivat in sickle cell disease by year-end and host an investor day in the fourth quarter.

Tailwinds

  • Initiate two Phase 3 studies of mitapivat, ENERGIZE and ENERGIZE-T, in not regularly transfused and regularly transfused adults with thalassemia, by year-end.
  • Initiate Phase 2/3 study of mitapivat in sickle cell disease by year-end.
  • Host investor day in fourth quarter to share more information about commercial launch planning for mitapivat in PK deficiency
  • Submit data from ongoing collaborator-led clinical studies of mitapivat in sickle cell disease for presentation at the 63rd American Society of Hematology (ASH) Annual Meeting & Exposition, to be held Dec. 11-14.
  • Submit data from the Phase 1 healthy volunteer study of AG-946, the company’s next-generation PKR activator, for presentation at the 63rd ASH Annual Meeting & Exposition.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-0.0%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+1.9%

Avg return

30 days after

50%

25 / 50 earnings

Positive

+19.2%

Q2 2022

Best reaction

-15.0%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.1%+11.1%+18.5%
Q4 2025+1.3%+0.4%+0.5%
Q3 2025+2.8%-4.7%-30.4%
Q1 2025+4.2%-4.6%+8.1%
Q4 2024+1.5%+2.4%-5.7%
Q3 2024-3.1%+0.9%+28.3%
Q2 2024-5.3%-8.2%-1.1%
Q1 2024+2.6%-2.6%+8.0%
Q4 2023+2.4%+4.6%+15.6%
Q3 2023+5.6%+9.1%+7.5%
Q2 2023-2.0%+0.1%+8.4%
Q1 2023+11.7%+11.1%+13.9%
Q4 2022-5.3%-4.6%-18.0%
Q3 2022-6.9%-2.0%+13.3%
Q2 2022+19.2%+9.7%+27.7%
Q1 2022-6.3%-9.7%-18.5%
Q4 2021+11.8%+16.9%+4.5%
Q3 2021-7.3%-9.1%-31.3%
Q2 2021-3.8%-5.8%-9.9%
Q1 2021+0.7%-3.4%+0.6%
Q4 2020-10.3%-7.5%-6.1%
Q3 2020-5.5%+0.2%+7.7%
Q2 2020-8.3%-10.7%-18.9%
Q1 2020-15.0%-9.4%+18.8%
Q4 2019+4.3%+7.9%-24.9%
Q3 2019+6.4%+9.2%+23.0%
Q2 2019-12.6%-15.5%-21.1%
Q1 2019+3.2%-5.1%-13.2%
Q4 2018+9.7%+6.8%+20.3%
Q3 2018+11.6%+13.1%+4.3%
Q2 2018-9.0%-7.3%-6.9%
Q1 2018-0.9%+1.1%+17.5%
Q4 2017+3.0%+1.5%+8.4%
Q3 2017+0.0%+3.6%-4.8%
Q2 2017-0.8%-3.6%+4.5%
Q1 2017+6.8%+7.5%+5.1%
Q4 2016+17.3%+9.3%+16.3%
Q3 2016+7.3%+17.2%+23.6%
Q2 2016-6.3%-11.0%-21.0%
Q1 2016-7.2%
Q4 2015-8.3%
Q3 2015-2.6%
Q2 2015-12.4%
Q1 2015+13.3%
Q4 2014-7.3%
Q3 2014-1.6%
Q2 2014+1.4%
Q1 2014-10.3%
Q3 2013+3.2%
Q2 2013+6.4%
Q4 2013
Q3 2012
Q2 2012
Q1 2012

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