NASDAQ$AUPH
Aurinia Pharmaceuticals Inc. · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Aurinia reported strong Q4 2021 financial results, driven by increased LUPKYNIS sales and progress in expanding patient access.
Aurinia Pharmaceuticals Inc. reported Q4 2021 net revenue of $23.4 million, a 60% increase from the previous quarter, and full year 2021 net revenue of $45.6 million. The company had $466.1 million in cash, cash equivalents, and investments as of December 31, 2021. Aurinia projects net revenue guidance of $115-$135 million for 2022.
- Q4 2021 net revenue reached $23.4 million, marking a 60% increase from the third quarter.
- Full year 2021 net revenue totaled $45.6 million.
- Cash, cash equivalents, and investments stood at $466.1 million as of December 31, 2021.
- Net loss for the quarter was $33.3 million, or $0.25 net loss per common share.
Headline financials
Revenue & EPS history
Aurinia · Revenue · Quarterly
$23.4M
Revenue by segment
Aurinia · $23.4M total across 1 segment · Q4 2021
- Net product sales$23.4M—100.0%
Forward guidance
Aurinia provided net revenue guidance of $115 to $135 million from sales of LUPKYNIS for fiscal year 2022, representing an increase of more than 150 to 200% compared to fiscal year 2021.
Tailwinds
- Net revenue guidance of $115 to $135 million from sales of LUPKYNIS for fiscal year 2022.
- Represents an increase of more than 150 to 200% in net revenue from sales of LUPKYNIS compared to fiscal year 2021.
- Positive results from the AURORA 2 two-year continuation study.
- Regulatory review of the European Medicines Agency (EMA) marketing authorization application (MAA) remains on track.
- Committee for Medicinal Products for Human Use (CHMP) opinion expected in the second half of 2022 followed by a European Commission (EC) approval decision expected in the second half of 2022.
Headwinds
- Guidance is based on assumptions regarding the impact of COVID-19 on the current business environment.
- Commercial infrastructure spend to support the launch of LUPKYNIS.
- Payments for inventory.
- Upfront payment made as part of a collaborative agreement with Lonza to build a dedicated manufacturing capability (or monoplant).
- Upfront license payment related to its recently acquired developmental programs (AUR200 and AUR300).
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 Q4 2021
-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 |
|---|---|---|---|---|
| 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 | — | — | — | |
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| Q4 2012 | — | — | — | |
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| Q4 2011 | — | — | — | |
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| Q4 2010 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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