NASDAQ$AGIO

Agios Pharmaceuticals Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Reported business highlights and financial results for the second quarter ended June 30, 2023.

Agios Pharmaceuticals reported U.S. PYRUKYND® net revenue of $6.7 million in Q2 2023 and held $947 million in cash, cash equivalents, and marketable securities as of June 30, 2023. The company announced positive data from the Phase 2 portion of the RISE UP study of mitapivat in sickle cell disease and completed enrollment in three clinical studies.

  • Generated $6.7 million in U.S. net revenue for PYRUKYND® in Q2 2023, a 20% increase over Q1 2023.
  • Announced positive results from the Phase 2 portion of the RISE UP pivotal study of mitapivat in sickle cell disease.
  • Completed enrollment of the Phase 3 ENERGIZE and ENERGIZE-T studies of mitapivat in thalassemia.
  • Announced an exclusive worldwide license agreement with Alnylam Pharmaceuticals for a novel siRNA for the potential treatment of polycythemia vera.

Headline financials

Total Revenue

$6.71M

Previous: $5.58M+20.2%
EPS (adj)

-$1.51

Previous: -$1.68+10.1%
Capital Expenditures

-$396K

Previous: -$4.73M+91.6%
Free Cash Flow

-$84.2M

Previous: -$96.5M+12.8%
Net Income

-$83.8M

Previous: -$91.8M+8.7%
Operating Income

-$93.7M

Previous: -$97.6M+4.0%
Gross Profit

$5.6M

Previous: $5.15M+8.9%
Cash & Equivalents

$947M

Previous: $88.5M+969.4%
Total Assets

$1.09B

Previous: $1.25B-13.4%
Stock-Based Comp

$11.7M

Previous: $11.2M+5.1%

Revenue & EPS history

Agios · Revenue · Quarterly

$6.71M

Q2 2023+20.2%vs Q2 2022
Beat estimate in 6 of 12 quarters(50%)
ActualEstimate

Forward guidance

Agios expects to execute on key milestones and priorities by the end of 2023.

Tailwinds

  • Enroll more than half of patients in the Phase 3 ACTIVATE-kids and ACTIVATE-kidsT studies of mitapivat.
  • Enroll first patient in Phase 3 portion of RISE UP study of mitapivat, with the 100 mg dose selected from the successful Phase 2 portion.
  • Announce data from the Phase 2a study of novel PK activator AG-946.
  • File investigational new drug (IND) application for phenylalanine hydroxylase (PAH) stabilizer for the treatment of phenylketonuria (PKU).

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 2023

Historical avgQ2 2023

-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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