NASDAQ$ALNY

Alnylam Pharmaceuticals Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Alnylam reported consolidated financial results and reviewed recent business highlights

Alnylam Pharmaceuticals reported strong Q2 2020 financial results, driven by the commercial performance of ONPATTRO and GIVLAARI. The company is increasing the midpoint of its full-year revenue guidance for ONPATTRO and achieved year-over-year improvement in its non-GAAP operating loss.

  • Achieved Second Quarter 2020 ONPATTRO® Global Net Product Revenues of $66.5 Million, with More Than 1,050 Patients on Commercial Product Worldwide
  • Achieved Second Quarter 2020 GIVLAARI® Global Net Product Revenues of $11.0 Million with More Than 100 Patients on Commercial Product Worldwide
  • Presented Complete Results from ILLUMINATE-A Phase 3 Study of Lumasiran and Completed Filings of New Drug Application and Marketing Authorisation Application
  • Completed $2 Billion Strategic Financing Collaboration with Blackstone, Enabling Achievement of Self-Sustainable Financial Profile without Need for Future Equity Offerings

Headline financials

Total Revenue

$104M

Previous: $44.7M+132.5%
EPS (adj)

-$1.67

Previous: -$1.83+8.7%
Capital Expenditures

-$36.3M

Previous: -$65.3M+44.4%
Free Cash Flow

-$216M

Previous: -$285M+24.3%
Net Income

-$179M

Previous: -$219M+18.3%
Operating Income

-$199M

Previous: -$236M+15.8%
Gross Profit

$84M

Previous: $40.4M+108.1%
Cash & Equivalents

$1.93B

Previous: $1.14B+69.5%
Total Assets

$3.37B

Previous: $2.72B+24.2%
Stock-Based Comp

$33.8M

No prior period

Revenue & EPS history

Alnylam · Revenue · Quarterly

$104M

Q2 2020+132.5%vs Q2 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Alnylam · $77.5M total across 2 segments · Q2 2020

  • ONPATTRO
    $66.5M+74.0%
  • GIVLAARI
    $11M

Forward guidance

Alnylam provided full year 2020 financial guidance.

Tailwinds

  • ONPATTRO net product revenues are expected to be between $280 million and $300 million.
  • Net revenues from collaborations are expected to be between $100 million and $150 million.
  • GAAP R&D and SG&A expenses are expected to be between $1,130 million and $1,225 million.
  • Non-GAAP R&D and SG&A expenses are expected to be between $1,000 million and $1,075 million.
  • The strategic financing collaboration with Blackstone under which Alnylam will receive up to $2 billion is expected to enable Alnylam’s achievement of a self-sustainable financial profile without need for future equity financings.

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 2020

Historical avgQ2 2020

-1.1%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+3.5%

Avg return

30 days after

48%

31 / 65 earnings

Positive

+15.4%

Q2 2025

Best reaction

-16.9%

Q2 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.3%-0.0%+0.2%
Q4 2025-4.3%+3.2%-2.8%
Q3 2025-6.7%-12.1%-6.3%
Q2 2025+15.4%+23.3%+31.4%
Q1 2025-3.1%+2.5%+15.7%
Q4 2024-0.4%-6.0%-9.1%
Q3 2024-2.7%-5.8%-10.1%
Q2 2024+14.6%+10.6%+10.6%
Q1 2024+1.6%+2.9%-1.0%
Q4 2023-10.4%-8.8%-9.1%
Q3 2023+6.6%+8.4%+9.2%
Q2 2023-0.8%-1.2%+7.6%
Q1 2023+6.3%+4.2%-2.9%
Q4 2022-5.6%-4.8%-5.5%
Q3 2022+1.7%+6.0%+5.8%
Q2 2022+0.0%+0.0%+48.6%
Q1 2022-13.9%-7.8%-17.5%
Q4 2021-0.4%+1.3%+2.4%
Q3 2021-16.5%-12.3%-1.4%
Q2 2021+3.1%+9.7%+12.5%
Q1 2021-2.0%-8.3%-1.1%
Q4 2020-3.8%-6.3%-13.4%
Q3 2020-6.3%-10.4%-7.1%
Q2 2020-4.6%-9.2%-18.4%
Q1 2020+0.2%+0.8%-9.7%
Q4 2019+3.2%+6.5%-6.7%
Q3 2019+4.3%+5.5%+34.2%
Q2 2019+12.7%+13.1%+16.4%
Q1 2019-7.6%-17.1%-24.4%
Q4 2018-5.0%+2.5%+1.8%
Q3 2018-15.3%-21.3%-13.8%
Q2 2018-3.0%-0.6%+29.8%
Q1 2018+2.6%+6.8%+11.8%
Q4 2017-5.1%-2.3%+9.0%
Q3 2017+1.4%+7.3%-1.4%
Q2 2017-6.8%-2.2%-9.5%
Q1 2017-4.1%+1.5%+31.2%
Q4 2016+11.1%+12.7%+25.4%
Q3 2016-15.1%-2.0%+12.4%
Q2 2016+9.9%+7.1%-3.1%
Q1 2016-9.3%
Q4 2015+4.5%
Q3 2015+5.6%
Q2 2015-16.9%
Q1 2015+6.7%
Q4 2014+2.3%
Q3 2014+3.2%
Q2 2014+1.5%
Q1 2014+5.3%
Q4 2013-2.1%
Q3 2013-11.2%
Q2 2013+3.7%
Q1 2013+3.5%
Q4 2012-0.7%
Q3 2012+0.7%
Q2 2012-1.5%
Q1 2012-9.0%
Q4 2011-9.6%
Q3 2011+1.5%
Q2 2011-14.9%
Q1 2011+2.3%
Q4 2010+13.2%
Q3 2010+2.4%
Q2 2010-0.9%
Q1 2010-5.3%

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