NASDAQ$BPMC

Blueprint Medicines Corp · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Blueprint Medicines reported strong growth in AYVAKIT revenue and total revenue in Q3 2023.

Blueprint Medicines reported a strong third quarter, highlighted by a 90% year-over-year growth in AYVAKIT/AYVAKYT net product revenues, reaching $54.2 million, and a total revenue of $56.6 million. The company also saw a significant increase in the number of patients treated with AYVAKIT in the U.S., driven by ISM.

  • Achieved $54.2 million in AYVAKIT/AYVAKYT net product revenues, representing 90% growth year-over-year.
  • Total revenues reached $56.6 million in the third quarter of 2023.
  • Approximately 800 patients on AYVAKIT in the U.S. at the end of the third quarter, a 35% growth quarter-over-quarter.
  • Plan to present data from Part 1 of the HARBOR trial of elenestinib in ISM at ASH 2023.

Headline financials

Total Revenue

$56.6M

Previous: $66M-14.3%
EPS (adj)

-$2.20

Previous: -$2.23+1.3%
Capital Expenditures

$6.25M

Previous: $3.73M+67.6%
Free Cash Flow

-$111M

Previous: -$134M+17.1%
Net Income

-$134M

Previous: $0.00
Operating Income

-$129M

Previous: $0.00
Gross Profit

$52M

Previous: $63M-17.4%
Cash & Equivalents

$827M

Previous: $291M+183.9%
Total Assets

$1.11B

Previous: $1.46B-24.2%
R&D Expense

$110M

No prior period
Stock-Based Comp

$23.1M

Previous: $24.1M-4.3%

Revenue & EPS history

Blueprint Medicines · Revenue · Quarterly

$56.6M

Q3 2023-14.3%vs Q3 2022
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Forward guidance

The company anticipates continued steady growth in AYVAKIT revenue driven by both existing and new prescribers as they execute a disciplined approach to managing operating expenses and allocating capital to their most important investments.

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 Q3 2023

Historical avgQ3 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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