NASDAQ$BPMC

Blueprint Medicines Corp · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Blueprint Medicines reported first quarter 2023 results, achieving significant revenue and progress in systemic mastocytosis.

Blueprint Medicines reported strong AYVAKIT revenue growth and progress in expanding its impact and transforming outcomes for patients. The company achieved $39.1 million in AYVAKIT/AYVAKYT net product revenues and $63.3 million in total revenues in Q1 2023. They are raising 2023 AYVAKIT net product revenue guidance to $135 million to $145 million for advanced SM and GIST.

  • Achieved $39.1 million in AYVAKIT/AYVAKYT net product revenues in Q1 2023.
  • Total revenues reached $63.3 million in Q1 2023.
  • Raised 2023 AYVAKIT net product revenue guidance to $135 million to $145 million.
  • FDA target action date for AYVAKIT supplemental new drug application for indolent SM is May 22, 2023.

Headline financials

Total Revenue

$63.3M

Previous: $62.7M+0.9%
EPS (adj)

-$2.15

Previous: -$1.79-20.1%
Capital Expenditures

$2.58M

Previous: $1.15M+124.1%
Free Cash Flow

-$126M

Previous: -$134M+6.2%
Net Income

-$130M

Previous: -$106M-22.2%
Gross Profit

$60.1M

Previous: $57.7M+4.3%
Cash & Equivalents

$170M

Previous: $37.2M+356.3%
Total Assets

$1.22B

Previous: $1.14B+6.7%
Stock-Based Comp

$23.2M

Previous: $23.4M-0.9%

Revenue & EPS history

Blueprint Medicines · Revenue · Quarterly

$63.3M

Q1 2023+0.9%vs Q1 2022
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Forward guidance

Blueprint Medicines anticipates approximately $135 million to $145 million in AYVAKIT net product revenues for advanced SM and GIST in 2023, and $40 million to $50 million in collaboration revenues from existing collaborations in 2023. This guidance excludes revenue from the anticipated AYVAKIT indication expansion in ISM in mid-2023.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 16 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+2.5%

Avg return

Earnings day

+2.6%

Avg return

5 days after

+6.3%

Avg return

30 days after

68%

27 / 40 earnings

Positive

+24.7%

Q3 2023

Best reaction

-20.7%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2025+10.9%+11.0%+13.3%
Q4 2025-8.1%-10.9%-13.4%
Q3 2025+4.9%+10.2%+14.0%
Q2 2024-10.7%-14.4%-11.8%
Q1 2024+13.0%+14.3%+11.2%
Q4 2023+17.5%+18.9%+17.9%
Q3 2023+24.7%+34.1%+55.8%
Q2 2023-20.7%-26.6%-21.2%
Q1 2023+8.4%+4.5%+12.1%
Q4 2022+5.0%-1.2%+2.4%
Q3 2022-11.1%-19.0%-8.5%
Q2 2022+18.0%+34.7%+46.0%
Q1 2022+5.9%-4.9%-4.8%
Q4 2021-17.0%-19.9%-21.9%
Q3 2021+7.9%+6.4%-3.1%
Q2 2021+6.0%+3.8%+13.2%
Q1 2021-1.0%
Q4 2020+3.8%
Q3 2020-2.2%
Q2 2020-0.8%
Q1 2020+0.7%
Q4 2019+3.5%
Q3 2019+10.4%
Q2 2019-9.2%
Q1 2019+9.0%
Q4 2018+1.4%
Q3 2018-1.4%
Q1 2018+1.3%
Q4 2017+5.5%
Q3 2017+4.8%
Q2 2017-9.8%
Q1 2017-11.6%
Q4 2016+13.0%
Q3 2016+9.9%
Q2 2016+2.4%
Q1 2016-1.4%
Q4 2015+4.6%
Q3 2015+1.4%
Q2 2015+2.5%
Q1 2015+8.4%
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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