NASDAQ$ALNY

Alnylam Pharmaceuticals Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Alnylam reported strong Q3 2020 results driven by the performance of ONPATTRO and GIVLAARI, as well as advancements in its late-stage pipeline.

Alnylam Pharmaceuticals reported a strong third quarter in 2020, with significant growth in ONPATTRO and GIVLAARI sales. The company is also expecting potential approval for OXLUMO and LEQVIO, which could further bolster growth. Alnylam is increasing its full-year revenue guidance for ONPATTRO.

  • ONPATTRO achieved global net product revenue of $82.5 million, with over 20% quarterly U.S. growth.
  • GIVLAARI achieved global net product revenue of $16.7 million.
  • Positive CHMP opinions received for OXLUMO and LEQVIO, potentially leading to four approved RNAi therapeutic medicines by year-end 2020.
  • Increased 2020 guidance range for ONPATTRO revenue from $280-$300 million to $295-$310 million.

Headline financials

Total Revenue

$126M

Previous: $70.1M+79.6%
EPS (adj)

-$1.58

Previous: -$1.50-5.3%
Capital Expenditures

-$48.7M

Previous: -$101M+52.0%
Free Cash Flow

-$302M

Previous: -$310M+2.5%
Net Income

-$253M

Previous: -$209M-21.5%
Operating Income

-$225M

Previous: -$216M-4.1%
Gross Profit

$104M

Previous: $64.8M+60.5%
Cash & Equivalents

$1.83B

Previous: $923M+98.6%
Total Assets

$3.31B

Previous: $2.54B+30.1%
Stock-Based Comp

$37.3M

No prior period

Revenue & EPS history

Alnylam · Revenue · Quarterly

$126M

Q3 2020+79.6%vs Q3 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Alnylam · $99.2M total across 2 segments · Q3 2020

  • ONPATTRO
    $82.5M+79.1%
  • GIVLAARI
    $16.7M

Forward guidance

Alnylam updated its full year 2020 financial guidance, increasing the revenue expectations for ONPATTRO.

Tailwinds

  • ONPATTRO net product revenues are expected to be between $295 million and $310 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 $1,160 million and $1,255 million.
  • Non-GAAP R&D and SG&A expenses are expected to be between $1,000 million and $1,075 million.
  • Strategic financing collaboration with Blackstone is expected to enable Alnylam to achieve 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 Q3 2020

Historical avgQ3 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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