NASDAQ$FOLD

Amicus Therapeutics Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Amicus remained resilient on its journey to becoming a leading global rare disease biotechnology company.

Amicus Therapeutics announced its full-year 2020 financial results, highlighting the company's resilience and strategic advancements despite the challenges of COVID-19. Galafold revenue increased, and the company is committed to advancing AT-GAA for Pompe disease.

  • Total Galafold Revenue of $260.9M; Increased 43 Percent Year-on-Year
  • Continued Strong Global Growth of Galafold Expected in 2021 with Revenue of $300M-$315M
  • AT-GAA Rolling BLA Submission in Pompe Disease Planned for Completion in 2Q21 and Other Global Submissions Expected Throughout 2021
  • CLN6 Batten Disease Gene Therapy Granted Fast Track Designation by U.S. FDA

Headline financials

Total Revenue

$70.6M

Previous: $55.3M+27.6%
EPS (adj)

-$0.27

Previous: -$0.35+22.9%
Capital Expenditures

$1.07M

Previous: $10.9M-90.2%
Free Cash Flow

-$50.9M

Previous: -$68.8M+26.0%
Net Income

-$71.4M

Previous: -$356M+80.0%
Operating Income

-$64.8M

Previous: -$304M+78.7%
Gross Profit

$61.2M

Previous: $48.3M+26.5%
Cash & Equivalents

$163M

Previous: $143M+14.3%
Total Assets

$887M

Previous: $850M+4.3%
Stock-Based Comp

$12.2M

Previous: $12.9M-5.2%

Revenue & EPS history

Amicus Therapeutics · Revenue · Quarterly

$70.6M

Q4 2020+27.6%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Amicus Therapeutics · $261M total across 1 segment · Q4 2020

  • Galafold
    $261M+43.2%

Forward guidance

Amicus Therapeutics anticipates continued growth for Galafold in 2021, with projected revenue between $300M and $315M. The company plans to complete the AT-GAA rolling BLA submission for Pompe disease in 2Q21 and pursue other global submissions throughout the year.

Tailwinds

  • Continued Strong Global Growth of Galafold Expected in 2021 with Revenue of $300M-$315M
  • AT-GAA Rolling BLA Submission in Pompe Disease Planned for Completion in 2Q21 and Other Global Submissions Expected Throughout 2021
  • CLN6 Batten Disease Gene Therapy Granted Fast Track Designation by U.S. FDA
  • Cash Position Sufficient to Achieve Self-Sustainability
  • Galafold continues its path to becoming the worldwide standard of care for Fabry patients with amenable variants.

Headwinds

  • Potential impact on operations and/or revenue from the COVID-19 pandemic
  • Risk that clinical or preclinical studies indicate that the product candidates are unsafe or ineffective
  • Potential that it may be difficult to enroll patients in our clinical trials
  • Risk that regulatory authorities may not grant or may delay approval for our product candidates
  • Potential that preclinical and clinical studies could be delayed because we identify serious side effects or other safety issues

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 Q4 2020

Historical avgQ4 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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