NASDAQ$FOLD

Amicus Therapeutics Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Amicus Therapeutics reported strong revenue growth in Q4 2024, driven by Galafold and Pombiliti + Opfolda sales.

Amicus Therapeutics reported Q4 2024 revenue of $149.7 million, a 30% increase year-over-year. Net income for the quarter was $14.7 million, a significant improvement from a loss of $33.8 million in Q4 2023. Non-GAAP net income was $29.2 million, with a non-GAAP EPS of $0.10. The company continues to expand its commercial presence for Pombiliti + Opfolda and anticipates achieving positive GAAP net income during H2 2025.

  • Q4 2024 revenue grew 30% YoY to $149.7 million.
  • Galafold sales increased by 20% to $127.5 million in Q4.
  • Pombiliti + Opfolda sales surged 162% YoY, reaching $22.2 million.
  • Q4 GAAP net income was $14.7 million, reversing a prior-year loss.

Headline financials

Total Revenue

$150M

Previous: $115M+30.1%
EPS (adj)

$0.10

Previous: $0.01+900.0%
GAAP Operating Expenses

$119M

No prior period
Non-GAAP Operating Expenses

$97.6M

No prior period
Capital Expenditures

-$288K

Previous: $1.73M-116.6%
Net Income

$14.7M

Previous: -$33.8M+143.6%
Operating Income

$24.9M

Previous: -$3.69M+773.8%
Gross Profit

$133M

Previous: $102M+30.8%
R&D Expense

$30.2M

No prior period

Revenue & EPS history

Amicus Therapeutics · Revenue · Quarterly

$150M

Q4 2024+30.1%vs Q4 2023
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 projects total revenue growth of 17% to 24% in 2025, with continued expansion in Pombiliti + Opfolda sales and positive GAAP net income expected in the second half of 2025.

Tailwinds

  • Total revenue projected to grow 17% to 24% in 2025.
  • Galafold revenue expected to increase 10% to 15%.
  • Pombiliti + Opfolda growth forecasted between 65% and 85%.
  • Company aims to surpass $1 billion in revenue by 2028.
  • Continued expansion in international markets with new regulatory approvals.

Headwinds

  • Operating expenses projected between $350M and $370M in 2025.
  • Potential risks related to pricing and reimbursement negotiations.
  • Market conditions and foreign exchange impacts may affect revenue.
  • Increased competition in the rare disease treatment market.
  • Regulatory approval timelines may impact commercialization strategy.

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 2024

Historical avgQ4 2024

-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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