NASDAQ$AUPH
Aurinia Pharmaceuticals Inc. · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Aurinia reported Q3 2022 financial results, demonstrating progress across key commercial metrics for LUPKYNIS and adjusting net product revenue guidance for 2022.
Aurinia Pharmaceuticals Inc. reported a total net revenue of $55.8 million for Q3 2022, which includes a $30.0 million milestone from Otsuka. The company is adjusting its net product revenue guidance to $100-105 million from sales of LUPKYNIS for 2022 and issuing preliminary net product revenue guidance for 2023 in the range of $120-140 million.
- Net revenue for Q3 2022 was $55.8 million, including a $30.0 million milestone from Otsuka related to European Approval of LUPKYNIS.
- Net product revenue guidance adjusted to $100-105 million from sales of LUPKYNIS for 2022.
- Preliminary net product revenue guidance for 2023 is in the range of $120-140 million from sales of LUPKYNIS.
- Approximately $400 million of cash, cash equivalents, restricted cash and investments as of October 31, 2022.
Headline financials
Revenue & EPS history
Aurinia · Revenue · Quarterly
$55.8M
Revenue by segment
Aurinia · $25.5M total across 1 segment · Q3 2022
- Net Product Sales$25.5M+74.2%100.0%
Forward guidance
Aurinia adjusts net product revenue guidance to $100-105 million from sales of LUPKYNIS for 2022 and issues preliminary net product revenue guidance for 2023 in the range of $120-140 million.
Tailwinds
- Aurinia expects to achieve continued important regulatory milestones in additional geographies in 2022 and 2023.
- LUPKYNIS is the first FDA-approved oral therapy for the treatment of adult patients with active lupus nephritis (LN).
- Company believes that it has sufficient financial resources to fund its operations for at least the next few years.
- Aurinia is diligently working on its defense to the IPR.
- Additional clinical data, including updates from AURORA 1 and AURORA 2, are expected to be presented at upcoming conferences
Headwinds
- Experienced a slight decline in new patient start forms over the second quarter ended June 30, 2022, which is potentially the result of reduced lupus nephritis diagnoses and patient visits in the quarter.
- Aurinia is adjusting its net revenue guidance to $100-105 million from sales of LUPKYNIS for 2022.
- The IPR is related to a patent claiming LUPKYNIS dosing protocol that extends patent protection on LUPKYNIS in the United States to 2037.
- A determination on patentability, relative to the IPR, is expected on or prior to July 26, 2023.
- Aurinia’s actual future financial and operational results may differ from its expectations
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 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
| Quarter | Report date | Reaction (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 | — | — | — | |
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| Q4 2013 | — | — | — | |
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| Q4 2012 | — | — | — | |
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| Q2 2012 | — | — | — | |
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| Q4 2011 | — | — | — | |
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| Q4 2010 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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