NASDAQ$FOLD

Amicus Therapeutics Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Amicus Therapeutics reported strong Galafold adoption and is on track to achieve 2020 revenue guidance.

Amicus Therapeutics announced its Q1 2020 financial results, highlighting the progress in advancing its mission for patients. The company is on track to achieve its 2020 key strategic priorities, including the global Fabry launch and Pompe late-stage development program. The cash runway now extends well into the second half of 2022.

  • Galafold 1Q2020 Revenue of $60.5 Million Reflects Continued Strong Adoption in All Key Global Regions
  • On track to achieve 2020 Revenue Guidance of $250M-$260M
  • AT-GAA in Late-Onset Pompe Disease Granted Rolling BLA Submission by U.S. FDA
  • Cash Runway Now Well into 2H2022

Headline financials

Total Revenue

$60.5M

Previous: $34M+77.8%
EPS (adj)

-$0.35

Previous: -$0.39+10.3%
Capital Expenditures

-$806K

Previous: -$2.94M+72.6%
Free Cash Flow

-$109M

Previous: -$81.5M-33.4%
Net Income

-$88.9M

Previous: -$120M+26.1%
Operating Income

-$78.1M

Previous: -$81.3M+4.0%
Gross Profit

$54M

Previous: $30M+80.0%
Cash & Equivalents

$123M

Previous: $96.3M+27.9%
Total Assets

$738M

Previous: $765M-3.4%

Revenue & EPS history

Amicus Therapeutics · Revenue · Quarterly

$60.5M

Q1 2020+77.8%vs Q1 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Amicus Therapeutics · $60.5M total across 1 segment · Q1 2020

  • Galafold
    $60.5M

Forward guidance

Amicus Therapeutics is on track to achieve its 2020 key strategic priorities including its global Fabry launch, Pompe late-stage development program, and advancing its industry-leading gene therapy pipeline. The company has taken steps to prioritize spend and now sees its cash runway lasting well into the second half of 2022.

Tailwinds

  • On track to achieve 2020 key strategic priorities
  • Advancing global Fabry launch
  • Progressing Pompe late-stage development program
  • Advancing industry-leading gene therapy pipeline
  • Cash runway lasting well into the second half of 2022

Headwinds

  • Potential impact on operations from the COVID-19 pandemic
  • Risk of clinical or preclinical studies indicating product candidates are unsafe or ineffective
  • Potential difficulties in enrolling patients in clinical trials
  • Risk of regulatory authorities delaying or denying approval for product candidates
  • Potential inability to manufacture or supply sufficient clinical or commercial products

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 Q1 2020

Historical avgQ1 2020

-0.3%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+1.3%

Avg return

30 days after

39%

25 / 64 earnings

Positive

+28.4%

Q3 2016

Best reaction

-16.1%

Q2 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+0.2%+0.0%+0.6%
Q3 2025+1.6%+0.1%+12.3%
Q2 2025-2.5%+14.0%+23.8%
Q1 2025-13.0%-19.4%-21.0%
Q4 2024-2.9%-5.2%-8.5%
Q3 2024-6.5%-8.9%-17.1%
Q2 2024+14.8%+17.2%+16.5%
Q1 2024-9.0%-8.0%-0.9%
Q4 2023-7.4%-2.8%-14.9%
Q3 2023-14.8%-12.3%-4.2%
Q2 2023+9.1%+7.0%-1.4%
Q1 2023-4.2%-8.1%+5.1%
Q4 2022-3.9%-8.1%-15.9%
Q3 2022+6.5%+11.1%+20.5%
Q2 2022+17.5%+19.2%+10.5%
Q1 2022+7.5%+19.5%+40.0%
Q4 2021+0.0%-0.5%+13.2%
Q3 2021-3.8%-4.9%-12.6%
Q2 2021+8.5%+7.6%+20.1%
Q1 2021-1.5%-2.7%+8.5%
Q4 2020-9.0%-14.7%-19.5%
Q3 2020-1.3%+7.5%+11.8%
Q2 2020-5.3%-6.6%-9.5%
Q1 2020-1.6%+2.5%+8.7%
Q4 2019-4.2%-0.6%-7.2%
Q3 2019+3.2%+7.0%+5.8%
Q2 2019-8.5%-12.0%-21.9%
Q1 2019-4.8%-11.7%-13.2%
Q4 2018+12.0%+9.1%+9.4%
Q3 2018-6.0%-10.6%-16.3%
Q2 2018+4.7%+5.4%-16.8%
Q1 2018-4.7%-4.0%+11.2%
Q4 2017-6.2%-9.0%-0.7%
Q3 2017-10.4%-8.5%-6.6%
Q2 2017+1.1%-8.9%+6.3%
Q1 2017+1.2%+8.4%+27.3%
Q4 2016+14.5%+18.5%+9.9%
Q3 2016+28.4%+49.8%-4.6%
Q2 2016-9.5%+0.0%+1.4%
Q1 2016-9.6%
Q4 2015-4.3%
Q3 2015+8.9%
Q2 2015-16.1%
Q1 2015-1.5%
Q4 2014-0.5%
Q3 2014-0.5%
Q2 2014-2.8%
Q1 2014+0.5%
Q4 2013+2.8%
Q3 2013+3.9%
Q2 2013+7.8%
Q1 2013-1.3%
Q4 2012+11.0%
Q3 2012-13.3%
Q2 2012-5.5%
Q1 2012+6.4%
Q4 2011-4.9%
Q3 2011+3.9%
Q2 2011+6.7%
Q1 2011-1.1%
Q4 2010-4.4%
Q3 2010-2.5%
Q2 2010+10.0%
Q1 2010-1.3%

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