NASDAQ$ALNY

Alnylam Pharmaceuticals Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Alnylam's third quarter performance was driven by ONPATTRO's strength and the continued rollouts of GIVLAARI and OXLUMO. The company also reported positive topline results from the HELIOS-A Phase 3 study of vutrisiran.

Alnylam Pharmaceuticals reported a combined net product revenue of $167 million for ONPATTRO, GIVLAARI, and OXLUMO in Q3 2021. The company reiterated its 2021 financial guidance, expecting combined net product revenues of $640-$665 million.

  • Achieved $167 million in combined net product revenues for ONPATTRO, GIVLAARI, and OXLUMO in Q3 2021.
  • Reported positive topline 18-month results from the HELIOS-A Phase 3 study of Vutrisiran in hATTR Amyloidosis Patients with Polyneuropathy.
  • Completed enrollment ahead of schedule in the HELIOS-B Phase 3 Study of Vutrisiran in ATTR Amyloidosis Patients with Cardiomyopathy.
  • Reiterated 2021 financial guidance, including combined net product revenues of $640-$665 million.

Headline financials

Total Revenue

$188M

Previous: $126M+49.1%
EPS (adj)

-$1.51

Previous: -$1.58+4.4%
Capital Expenditures

-$54.5M

Previous: -$48.7M-11.9%
Free Cash Flow

-$259M

Previous: -$302M+14.2%
Net Income

-$205M

Previous: -$253M+19.3%
Operating Income

-$182M

Previous: -$225M+19.3%
Gross Profit

$160M

Previous: $104M+53.3%
Cash & Equivalents

$1.09B

Previous: $1.83B-40.3%
Total Assets

$3.47B

Previous: $3.31B+5.0%
Stock-Based Comp

$33.4M

Previous: $37.3M-10.5%

Revenue & EPS history

Alnylam · Revenue · Quarterly

$188M

Q3 2021+49.1%vs Q3 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Alnylam · $167M total across 3 segments · Q3 2021

  • ONPATTRO
    $120M+45.8%
  • GIVLAARI
    $31.8M+90.7%
  • OXLUMO
    $14.9M

Forward guidance

Alnylam reiterated its 2021 financial guidance.

Tailwinds

  • Combined net product revenues for ONPATTRO, GIVLAARI and OXLUMO are expected to be between $640 million and $665 million.
  • Net revenues from collaborations and royalties are expected to be between $150 million and $200 million.
  • Full results from the ILLUMINATE-C Phase 3 study of lumasiran at the American Society of Nephrology (ASN) Kidney Week 2021, being held November 2-7, 2021 in San Diego, California.
  • Additional clinical results from the Phase 1 study of zilebesiran, an investigational RNAi therapeutic in development for the treatment of hypertension, at the American Heart Association (AHA) Scientific Sessions, being held November 13-15, 2021 in Boston, Massachusetts.
  • Full 18-month endpoint and safety results from the HELIOS-A Phase 3 study of vutrisiran in early 2022.

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 2021

Historical avgQ3 2021

-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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