NASDAQ$AUPH

Aurinia Pharmaceuticals Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported first quarter financial results, showing net revenue of $21.6 million and maintaining revenue guidance for 2022.

Aurinia Pharmaceuticals reported net revenue of $21.6 million for Q1 2022, a significant increase compared to the prior year period. The company maintains its net revenue guidance of $115 million to $135 million for 2022.

  • Net product revenues were $21.6 million for the quarter ended March 31, 2022, compared to $914 thousand in the prior year period.
  • Aurinia added 461 patient start forms (PSFs) during the first quarter 2022, as compared to 257 in the first quarter 2021.
  • PSF conversion rates are now at 80% after 90 days; confirmed patient access to LUPKYNIS through payors and plans remains steady representing about 90% of U.S. total lives.
  • Regulatory review of the European Medicines Agency (EMA) marketing authorization application (MAA) remains on track with a European Commission (EC) approval decision expected in second half of 2022.

Headline financials

Total Revenue

$21.6M

Previous: $914K+2266.0%
EPS (adj)

-$0.27

Previous: -$0.40+32.5%
Capital Expenditures

-$21M

No prior period
Free Cash Flow

-$58.6M

Previous: -$50.4M-16.4%
Net Income

-$37.6M

Previous: -$50.4M+25.3%
Operating Income

-$37.9M

Previous: -$50.5M+25.0%
Gross Profit

$21.4M

Previous: $866K+2367.6%
Cash & Equivalents

$133M

Previous: $157M-15.4%
Total Assets

$507M

Previous: $417M+21.5%
Stock-Based Comp

$7.02M

Previous: $7.82M-10.2%

Revenue & EPS history

Aurinia · Revenue · Quarterly

$21.6M

Q1 2022+2,266%vs Q1 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Aurinia · $40.8M total across 1 segment · Q3 2023

  • Net Product Sales
    $40.8M+59.9%

Forward guidance

Aurinia maintains its net revenue guidance of $115 million to $135 million from sales of LUPKYNIS for 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 Q1 2022

Historical avgQ1 2022

-1.4%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+4.6%

Avg return

30 days after

41%

18 / 44 earnings

Positive

+25.7%

Q2 2021

Best reaction

-32.3%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-7.0%-1.6%-2.6%
Q4 2025-3.1%-1.9%-1.1%
Q3 2025-3.4%+8.5%+8.1%
Q1 2025+1.8%+2.4%+1.1%
Q4 2024-5.0%+1.6%+4.3%
Q3 2024+10.6%+11.4%+18.8%
Q2 2024-6.5%-4.4%+15.8%
Q1 2024-1.9%-1.5%+4.2%
Q4 2023-26.6%-29.9%-35.1%
Q3 2023+15.4%+16.3%+27.1%
Q2 2023-3.1%-4.1%-6.6%
Q1 2023-1.1%-4.2%-18.4%
Q4 2022+7.9%+7.9%+31.8%
Q3 2022-32.3%-29.3%-33.0%
Q2 2022-1.5%-4.4%-15.1%
Q1 2022+7.1%+24.9%+35.2%
Q4 2021-26.0%-34.9%-23.7%
Q3 2021-0.3%-2.1%-41.7%
Q2 2021+25.7%+32.9%+52.9%
Q1 2021-17.3%-8.5%+1.7%
Q4 2020+1.4%+0.7%-12.9%
Q3 2020-4.0%-3.1%+7.3%
Q2 2020-1.3%-2.4%-0.8%
Q1 2020-2.3%-3.7%-11.7%
Q4 2019-9.0%-16.9%-22.1%
Q3 2019-2.4%+13.6%+245.4%
Q2 2019-7.5%-7.5%-6.4%
Q1 2019+4.3%+8.9%+3.6%
Q4 2018+8.9%+3.2%+0.6%
Q3 2018+1.3%-6.5%+9.7%
Q2 2018+0.4%-0.9%+0.4%
Q1 2018+7.3%+20.3%+5.7%
Q4 2017+6.5%+0.8%+1.5%
Q3 2017-11.0%-8.5%-15.3%
Q2 2017+1.7%+4.4%+13.3%
Q1 2017-4.6%-6.6%-22.3%
Q4 2016+18.7%-1.5%-11.0%
Q3 2016+1.2%-0.8%+13.3%
Q2 2016+4.9%+17.7%-41.4%
Q1 2016
Q4 2015+0.0%
Q3 2015-4.8%
Q2 2015-4.0%
Q4 2014+4.9%
Q3 2014-7.2%
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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