NASDAQ$AUPH
Aurinia Pharmaceuticals Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Aurinia reported Q4 2023 earnings with revenue growth and strategic focus on LUPKYNIS.
Aurinia Pharmaceuticals Inc. reported a strong fourth quarter and full-year 2023, with a focus on driving commercial execution of LUPKYNIS and implementing operational changes to enhance shareholder value. The company reaffirmed its 2024 net product revenue guidance and announced a share repurchase program of up to $150 million.
- Total net revenue for Q4 2023 was $45.1 million, a 59% increase compared to Q4 2022.
- Net product revenue for Q4 2023 was $42.3 million, a 49% increase compared to Q4 2022.
- The company had $350.7 million in cash, cash equivalents, restricted cash, and investments as of December 31, 2023.
- Aurinia is discontinuing development of AUR200 and AUR300 to focus on LUPKYNIS and expects $50-55 million in annual cost savings.
Headline financials
Revenue & EPS history
Aurinia · Revenue · Quarterly
$45.1M
Revenue by segment
Aurinia · $40.8M total across 1 segment · Q3 2023
- Net Product Sales$40.8M+59.9%100.0%
Forward guidance
Aurinia reaffirms its 2024 net product revenue guidance of $200 - $220 million, discontinue future development of AUR200 and AUR300 research and development programs ,and expects operational cost savings of approximately $50 - $55 million annually.
Tailwinds
- Reaffirms 2024 net product revenue guidance of $200 - $220 million
- Expected operational cost savings of approximately $50 - $55 million annually
- Focus on driving commercial execution of the LUPKYNIS business
- Initiation of a share repurchase program of up to $150 million
- The company believes that it has sufficient financial resources to fund its operations for at least the next few years
Headwinds
- One-time charge in the first quarter of 2024 of approximately $11 - $15 million due to discontinuing development of AUR200 and AUR300
- Anticipates reducing employee headcount by at least 25% by the end of the first quarter of 2024
- There is no assurance the Exemptive Relief will be granted on the terms applied for or at all
- The maximum amount of the share repurchase program is subject to receipt of regulatory approval in Canada
- 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 Q4 2023
-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% | — | — | |
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| Q4 2011 | — | — | — | |
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| Q4 2010 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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