NASDAQ$FOLD

Amicus Therapeutics Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Amicus Therapeutics reported strong Q1 2023 results with revenue growth and progress towards regulatory approvals and non-GAAP profitability.

Amicus Therapeutics announced a strong start to 2023, with Galafold driving revenue growth and progress made towards the approval and launch of AT-GAA. The company is on track to achieve non-GAAP profitability in the second half of the year.

  • Q1 2023 revenue grew 14% at CER to $86.3 million.
  • On track to deliver full-year 2023 Galafold revenue growth of 12%-17% at CER.
  • U.S. FDA pre-approval inspection for AT-GAA complete; approval expected in Q3 2023.
  • European launch of Pombiliti®+Opfolda® expected in Q3 2023.

Headline financials

Total Revenue

$86.3M

Previous: $78.7M+9.6%
EPS (adj)

-$0.18

Previous: -$0.30+40.0%
Capital Expenditures

-$1.94M

Previous: -$871K-123.0%
Free Cash Flow

-$20M

Previous: -$59.2M+66.2%
Net Income

-$52.9M

Previous: -$85.3M+37.9%
Operating Income

-$37.6M

Previous: -$75.3M+50.0%
Gross Profit

$79.3M

Previous: $71.1M+11.5%
Cash & Equivalents

$161M

Previous: $233M-31.2%
Total Assets

$701M

Previous: $827M-15.3%
Stock-Based Comp

$34.9M

Previous: $30.7M+13.8%

Revenue & EPS history

Amicus Therapeutics · Revenue · Quarterly

$86.3M

Q1 2023+9.6%vs Q1 2022
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Amicus Therapeutics · $100M total across 1 segment · Q3 2023

  • Galafold
    $100M

Forward guidance

Amicus Therapeutics is focused on growing Galafold, securing regulatory approvals and launching AT-GAA, and achieving non-GAAP profitability in the second half of 2023.

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 2023

Historical avgQ1 2023

-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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