NASDAQ$AGIO

Agios Pharmaceuticals Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported business highlights and financial results for Q3 2022, with net revenue of $3.5 million.

Agios Pharmaceuticals reported $3.5 million in net U.S. product revenue from sales of PYRUKYND® in Q3 2022. The company's cash, cash equivalents, and marketable securities were $1.0 billion as of September 30, 2022. Net loss from continuing operations was $81.7 million for the quarter.

  • Generated $3.5 million in U.S. net revenue from PYRUKYND® in Q3 2022.
  • Received positive CHMP opinion for PYRUKYND® in adults with Pyruvate Kinase (PK) Deficiency.
  • On track to meet year-end enrollment targets in PYRUKYND® Thalassemia and Sickle Cell Disease pivotal programs.
  • Strengthened company leadership with appointments of Cecilia Jones as Chief Financial Officer and Rahul Ballal and Cynthia Smith as Board Members.

Headline financials

Total Revenue

$3.52M

Previous: $100K+3416.0%
EPS (adj)

-$1.49

Previous: -$1.56+4.5%
Capital Expenditures

-$4.77M

Previous: -$1.24M-284.8%
Free Cash Flow

-$86.5M

Previous: -$90M+3.9%
Net Income

-$81.7M

Previous: -$88.8M+7.9%
Operating Income

-$91.1M

Previous: -$91.2M+0.1%
Gross Profit

$3M

Previous: $100K+2899.0%
Cash & Equivalents

$122M

Previous: $400M-69.4%
Total Assets

$1.18B

Previous: $1.54B-23.4%
Stock-Based Comp

$11.2M

Previous: $12.1M-8.2%

Revenue & EPS history

Agios · Revenue · Quarterly

$3.52M

Q3 2022+3,416%vs Q3 2021
Beat estimate in 6 of 12 quarters(50%)
ActualEstimate

Forward guidance

Agios expects to execute on key milestones and priorities by the end of 2022, including regulatory decisions for PYRUKYND® in Europe and Great Britain, enrollment in thalassemia studies, and completion of enrollment in the sickle cell disease study.

Tailwinds

  • Receive EU and Great Britain regulatory decisions for PYRUKYND® in adults with PK deficiency.
  • Enroll a meaningful portion of patients in the Phase 3 ENERGIZE and ENERGIZE-T studies of PYRUKYND® in not regularly transfused and regularly transfused adults with thalassemia, respectively.
  • Complete enrollment in the Phase 2 portion of the RISE UP study of PYRUKYND® in adults with sickle cell disease.
  • Present broad set of clinical and translational data at the 64th American Society of Hematology (ASH) Annual Meeting & Exposition.
  • Cash, cash equivalents and marketable securities will enable the company to execute its operating plan through major catalysts and to cash-flow positivity without the need to raise additional equity.

Headwinds

  • Risks related to the impact of the COVID-19 pandemic on Agios’ business.
  • Uncertainties related to Agios’ clinical trials and preclinical studies.
  • The content and timing of decisions made by the U.S. FDA, the EMA or other regulatory authorities.
  • Agios’ ability to obtain and maintain requisite regulatory approvals and to enroll patients in its planned clinical trials.
  • Unplanned cash requirements and expenditures and competitive factors.

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 Q3 2022

Historical avgQ3 2022

-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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro