NASDAQ$ALNY

Alnylam Pharmaceuticals Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Alnylam reported strong growth in patient demand and product revenues.

Alnylam Pharmaceuticals reported second quarter 2022 financial results, achieving global net product revenues of $214 million, a 33% increase compared to the same period last year. The company also received FDA approval of AMVUTTRA for the treatment of polyneuropathy of hereditary transthyretin-mediated amyloidosis in adults and reiterated its 2022 financial guidance.

  • Achieved Second Quarter 2022 Global Net Product Revenues of $214 Million for ONPATTRO, GIVLAARI, and OXLUMO (33% Growth vs. Same Period Last Year)
  • Received FDA Approval of AMVUTTRA (vutrisiran) for the Treatment of the Polyneuropathy of Hereditary Transthyretin-Mediated Amyloidosis in Adults
  • Expects to Report Topline Results from APOLLO-B Phase 3 Trial of Patisiran in Patients with ATTR Amyloidosis with Cardiomyopathy Within the Next Three Weeks
  • Reiterated 2022 Financial Guidance, Including Combined Net Product Revenues of $870-$930 Million

Headline financials

Total Revenue

$225M

Previous: $221M+1.9%
EPS (adj)

-$2.03

Previous: -$1.30-56.2%
Capital Expenditures

-$33.9M

Previous: -$28.4M-19.3%
Free Cash Flow

-$311M

Previous: -$218M-42.8%
Net Income

-$277M

Previous: -$190M-46.3%
Operating Income

-$192M

Previous: -$146M-31.1%
Gross Profit

$191M

Previous: $190M+0.3%
Cash & Equivalents

$576M

Previous: $746M-22.8%
Total Assets

$3.33B

Previous: $3.51B-5.1%
Stock-Based Comp

$30.5M

Previous: $32.1M-5.0%

Revenue & EPS history

Alnylam · Revenue · Quarterly

$225M

Q2 2022+1.9%vs Q2 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Alnylam · $214M total across 3 segments · Q2 2022

  • ONPATTRO
    $153M+34.8%
  • GIVLAARI
    $45.2M+47.4%
  • OXLUMO
    $14.9M-8.6%

Forward guidance

Full year 2022 financial guidance is reiterated and consists of the following: Combined net product revenues for ONPATTRO, GIVLAARI, OXLUMO and AMVUTTRA $870 million - $930 million ; Net revenues from collaborations and royalties $175 million - $225 million; GAAP R&D and SG&A expenses $1,620 million - $1,700 million; Non-GAAP R&D and SG&A expenses $1,390 million - $1,450 million

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 2022

Historical avgQ2 2022

-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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