NASDAQ$FOLD

Amicus Therapeutics Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Amicus Therapeutics announced third quarter 2023 financial results, with total revenue of $103.5M, a 27% increase year-over-year and 22% at CER. Galafold® quarterly revenue surpassed $100M for the first time, and Pombiliti™ + Opfolda™ were approved and launched in the U.S., EU and U.K.

Amicus Therapeutics had a monumental quarter with the U.S. and U.K. approvals of Pombiliti and Opfolda, the global launches of Pombiliti and Opfolda, and the continued strong growth of Galafold worldwide. The company is on track to achieve all of its annual strategic priorities, including non-GAAP profitability in the fourth quarter.

  • Total Revenue of $103.5M, a 27% Increase Year-Over-Year and 22% at CER
  • Galafold® Quarterly Revenue Surpasses $100M for the First Time
  • Increasing FY 2023 Galafold® Revenue Growth Guidance to 16%-18% at CER
  • Pombiliti™ + Opfolda™ Approved and Launched in the U.S., EU and U.K.

Headline financials

Total Revenue

$104M

Previous: $81.7M+26.7%
EPS (adj)

-$0.07

Previous: -$0.12+41.7%
Capital Expenditures

-$5.71M

Previous: -$1.09M-424.2%
Free Cash Flow

-$78.3M

Previous: -$86.9M+9.9%
Net Income

-$21.6M

Previous: -$33.3M+35.2%
Operating Income

-$17M

Previous: -$33.8M+49.7%
Gross Profit

$93.6M

Previous: $68.3M+37.1%
Cash & Equivalents

$263M

Previous: $278M-5.1%
Total Assets

$764M

Previous: $760M+0.6%
R&D Expense

$40.7M

No prior period
Stock-Based Comp

$16.5M

Previous: $14.8M+11.8%

Revenue & EPS history

Amicus Therapeutics · Revenue · Quarterly

$104M

Q3 2023+26.7%vs Q3 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 is focused on the following five key strategic priorities in 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 Q3 2023

Historical avgQ3 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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