NASDAQ$BPMC

Blueprint Medicines Corp · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Blueprint Medicines' Q2 2021 performance was marked by AYVAKIT's FDA approval for advanced systemic mastocytosis and its successful launch, alongside the progression of the clinical portfolio and strategic collaborations.

Blueprint Medicines reported a revenue of $27.3 million for the second quarter of 2021, including $8.5 million from AYVAKIT/AYVAKYT and $2.9 million from GAVRETO. The company's net loss was $108.4 million, or $1.86 per share. They also initiated multiple clinical trials and announced a research collaboration with MD Anderson.

  • Secured U.S. approval of AYVAKIT for advanced systemic mastocytosis and launched the therapy.
  • AYVAKIT/AYVAKYT generated $8.5 million in net product revenue.
  • GAVRETO recorded $2.9 million in net product revenue.
  • Initiated Phase 1/2 trial of BLU-945 and Phase 2/3 HARBOR trial of BLU-263.

Headline financials

Total Revenue

$27.3M

Previous: $8.34M+227.2%
EPS (adj)

-$1.86

Previous: -$2.28+18.4%
R&D Expenses

$80M

Previous: $91.1M-12.1%
SG&A Expenses

$49.3M

Previous: $42.2M+16.9%
Capital Expenditures

$662K

Previous: $941K-29.6%
Free Cash Flow

-$63.8M

Previous: -$102M+37.5%
Net Income

-$108M

Previous: -$123M+12.2%
Gross Profit

$20.8M

Previous: $8.22M+153.2%
Cash & Equivalents

$1.38B

Previous: $650M+112.2%
Total Assets

$1.57B

Previous: $817M+91.9%
Stock-Based Comp

$24.3M

Previous: $19.5M+24.5%

Revenue & EPS history

Blueprint Medicines · Revenue · Quarterly

$27.3M

Q2 2021+227.2%vs Q2 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Blueprint Medicines expects to present preclinical data for BLU-945 and BLU-701 in 2H 2021, initiate Phase 1 trials for BLU-701 in 2H 2021 and BLU-222 in 1H 2022, and disclose topline data for AYVAKIT's PIONEER trial in mid-2022.

Tailwinds

  • Present preclinical data supporting combination of BLU-945 and BLU-701 in treatment-naïve EGFR-driven NSCLC in the second half of 2021.
  • Initiate a Phase 1 trial of BLU-701 in patients with treatment-resistant EGFR-driven NSCLC in the second half of 2021.
  • Initiate a Phase 1 trial of BLU-222, a CDK2 inhibitor targeting cyclin-E aberrant cancers, in the first half of 2022.
  • Disclose topline data for the registration-enabling Part 2 of the PIONEER trial of AYVAKIT in non-advanced systemic mastocytosis in mid-2022.

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 Q2 2021

Historical avgQ2 2021

+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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