NASDAQ$FOLD

Amicus Therapeutics Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Amicus Therapeutics reported strong growth of Galafold and regulatory approval of Pombiliti and Opfolda in the EU.

Amicus Therapeutics announced positive financial results for Q2 2023, with significant progress in Galafold growth and regulatory approvals for Pombiliti and Opfolda in the EU. The company revised its revenue guidance upwards and reduced operating expense guidance, supporting its path to non-GAAP profitability.

  • Galafold experienced strong growth.
  • Pombiliti and Opfolda received regulatory approval in the EU.
  • Revenue guidance was revised upwards.
  • Operating expense guidance was reduced.

Headline financials

Total Revenue

$94.5M

Previous: $80.7M+17.1%
EPS (adj)

-$0.15

Previous: -$0.21+28.6%
Capital Expenditures

-$4.14M

Previous: -$1.23M-238.0%
Free Cash Flow

-$38.3M

Previous: -$75.4M+49.1%
Net Income

-$43.2M

Previous: -$62.2M+30.4%
Operating Income

-$18.9M

Previous: -$60.6M+68.9%
Gross Profit

$85.4M

Previous: $72.5M+17.7%
Cash & Equivalents

$211M

Previous: $236M-10.3%
Total Assets

$730M

Previous: $801M-8.8%
Stock-Based Comp

$16.6M

Previous: $12.5M+33.0%

Revenue & EPS history

Amicus Therapeutics · Revenue · Quarterly

$94.5M

Q2 2023+17.1%vs Q2 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 key strategic priorities in 2023, including Galafold revenue growth and non-GAAP profitability.

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 Q2 2023

Historical avgQ2 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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