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 · $70M total across 2 segments · Q2 2025

  • Net product sales
    $66.6M—
  • License, collaboration and royalty revenue
    $3.43M—

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 19 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
Q2 2025———
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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