NASDAQ$BMRN
BioMarin Pharmaceutical Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Announced third quarter 2021 financial results and corporate updates.
BioMarin's Q3 2021 total revenues decreased to $408.7 million compared to $476.8 million for the same period in 2020. GAAP net loss increased to $36.5 million, while non-GAAP net income decreased to $33.5 million.
- VOXZOGO™ commercial launch underway across Europe.
- European opinion on Valoctocogene Roxaparvovec MAA expected first half 2022; U.S. resubmission on track for second quarter 2022.
- Improved full-year 2021 total revenue and bottom-line financial guidance.
- Multiple early-stage programs to be shared at upcoming BioMarin R&D Day on November 30, 2021.
Headline financials
Revenue & EPS history
BioMarin · Revenue · Quarterly
$409M
Revenue by segment
BioMarin · $302M total across 5 segments · Q3 2021
- VIMIZIM$137M-7.4%45.4%
- NAGLAZYME$71.2M-6.7%23.6%
- PALYNZIQ$60.7M+31.7%20.1%
- BRINEURA$32.9M+29.5%10.9%
- VOXZOGO$100K—0.0%
Forward guidance
BioMarin is improving both top and bottom-line financial guidance for the full-year.
Tailwinds
- Total Revenues $1,820 to $1,880 million
- Vimizim Net Product Revenues $595 to $620 million
- Palynziq Net Product Revenues $230 to $260 million
- Kuvan Net Product Revenues $265 to $290 million
- Non-GAAP Income $215 to $255 million
Headwinds
- GAAP Net Loss ($85) to ($45) million
- Cost of Sales (% of Total Revenues) 23% to 25%
- Research and Development Expense $635 to $675 million
- Selling, General and Administrative Expense $735 to $775 million
- Naglazyme Net Product Revenues $375 to $405 million
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 2021
-0.5%
Avg return
Earnings day
-0.2%
Avg return
5 days after
-0.6%
Avg return
30 days after
44%
30 / 68 earnings
Positive
+9.0%
Q3 2014
Best reaction
-10.7%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.4% | +0.0% | +1.2% | |
| Q4 2025 | -2.7% | -1.9% | -11.7% | |
| Q3 2025 | +1.4% | +1.7% | +5.4% | |
| Q1 2025 | -1.3% | -5.4% | -7.4% | |
| Q4 2024 | +4.8% | +8.5% | +8.6% | |
| Q3 2024 | -4.9% | -5.0% | -6.7% | |
| Q2 2024 | +3.2% | +5.3% | +6.7% | |
| Q1 2024 | -10.7% | -10.8% | -18.0% | |
| Q4 2023 | +3.0% | +2.4% | -3.9% | |
| Q3 2023 | -2.2% | -6.4% | +13.5% | |
| Q2 2023 | +1.6% | +1.1% | +7.1% | |
| Q1 2023 | -3.3% | +1.5% | -7.4% | |
| Q4 2022 | -2.4% | -0.9% | -7.7% | |
| Q3 2022 | -6.3% | -5.3% | +6.0% | |
| Q2 2022 | +7.3% | +10.4% | +3.4% | |
| Q1 2022 | +4.2% | +5.1% | +2.1% | |
| Q4 2021 | -9.4% | -8.5% | -7.4% | |
| Q3 2021 | +6.5% | +11.8% | +19.3% | |
| Q2 2021 | +0.2% | -1.2% | +6.6% | |
| Q1 2021 | -3.2% | -2.6% | -3.9% | |
| Q4 2020 | -7.1% | -6.5% | -9.4% | |
| Q3 2020 | +0.5% | -0.2% | +4.2% | |
| Q2 2020 | -1.8% | -2.8% | -37.9% | |
| Q1 2020 | -2.6% | -4.4% | +12.8% | |
| Q4 2019 | -1.3% | +3.7% | -12.6% | |
| Q3 2019 | +2.5% | +6.5% | +14.8% | |
| Q2 2019 | -1.9% | -4.2% | -5.4% | |
| Q1 2019 | -0.5% | +0.0% | +4.1% | |
| Q4 2018 | -3.1% | +1.7% | -2.9% | |
| Q3 2018 | +4.9% | -0.8% | +1.0% | |
| Q2 2018 | -1.5% | +4.7% | -1.0% | |
| Q1 2018 | +1.7% | +2.9% | +14.0% | |
| Q4 2017 | -1.4% | -1.4% | -6.4% | |
| Q3 2017 | -1.9% | -3.2% | -2.5% | |
| Q2 2017 | +1.7% | +1.2% | +3.0% | |
| Q1 2017 | -1.8% | -5.0% | -5.5% | |
| Q4 2016 | -2.5% | +4.6% | -2.7% | |
| Q3 2016 | -0.8% | +1.2% | +8.9% | |
| Q2 2016 | -2.5% | -6.2% | -5.6% | |
| Q1 2016 | -3.5% | — | — | |
| Q4 2015 | +5.0% | — | — | |
| Q3 2015 | +2.9% | — | — | |
| Q2 2015 | -1.7% | — | — | |
| Q1 2015 | +0.6% | — | — | |
| Q4 2014 | +2.7% | — | — | |
| Q3 2014 | +9.0% | — | — | |
| Q2 2014 | +1.3% | — | — | |
| Q1 2014 | -0.9% | — | — | |
| Q4 2013 | +1.3% | — | — | |
| Q3 2013 | -2.1% | — | — | |
| Q2 2013 | +1.0% | — | — | |
| Q1 2013 | +1.4% | — | — | |
| Q4 2012 | +1.7% | — | — | |
| Q3 2012 | -4.7% | — | — | |
| Q2 2012 | -5.2% | — | — | |
| Q1 2012 | -1.4% | — | — | |
| Q4 2011 | -0.0% | — | — | |
| Q3 2011 | -7.2% | — | — | |
| Q2 2011 | -6.5% | — | — | |
| Q4 2010 | +3.2% | — | — | |
| Q1 2011 | +1.8% | — | — | |
| Q4 2008 | +0.3% | — | — | |
| Q3 2010 | +4.0% | — | — | |
| Q3 2009 | +4.0% | — | — | |
| Q4 2009 | -0.6% | — | — | |
| Q2 2009 | -0.6% | — | — | |
| Q2 2010 | -0.6% | — | — | |
| Q1 2010 | -8.0% | — | — |
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