NASDAQ$KNSA

Kiniksa Pharmaceuticals Ltd · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported third quarter financial results and portfolio execution.

Kiniksa Pharmaceuticals reported strong ARCALYST growth, driven by consistent execution and strategic investments. The company expects to remain cash flow positive on an annual basis while investing in commercialization and pipeline advancement.

  • ARCALYST Q3 2024 net product revenue reached $112.2 million, a 73% year-over-year increase.
  • ARCALYST 2024 expected net product revenue increased to $410 - $420 million.
  • Launched Life DisRPted ™ disease awareness campaign for recurrent pericarditis.
  • Kiniksa expects to remain cash flow positive on an annual basis.

Headline financials

Total Revenue

$112M

Previous: $67M+67.4%
EPS

-$0.18

Previous: -$0.20+10.0%
Total Operating Expenses

$122M

No prior period
Collaboration Expenses

$29.3M

No prior period
Research and Development

$26.1M

No prior period
Selling, General and Administrative

$46.4M

No prior period
Non-cash Share-based Compensation

$7.8M

No prior period
Other Income, Net

$2.46M

No prior period
Provision for Income Taxes

$5.49M

No prior period
Weighted Avg Shares Basic

71.7M

No prior period
Weighted Avg Shares Diluted

71.7M

No prior period
Capital Expenditures

-$84K

Previous: -$74K-13.5%
Free Cash Flow

-$12.8M

Previous: -$13.9M+8.3%
Net Income

-$12.7M

Previous: -$13.9M+8.4%
Operating Income

-$9.66M

Previous: -$10.9M+11.6%
Gross Profit

$92.1M

Previous: $58M+58.9%
R&D Expense

$26M

Previous: $17.1M+51.8%
Stock-Based Comp

$7.83M

Previous: $6.79M+15.3%

Revenue & EPS history

Kiniksa · Revenue · Quarterly

$112M

Q3 2024+67.4%vs Q3 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Kiniksa · $64.8M total across 1 segment · Q3 2023

  • ARCALYST
    $64.8M+94.0%

Forward guidance

Kiniksa anticipates continued growth and financial stability while investing in its pipeline.

Tailwinds

  • ARCALYST net sales are expected to increase to between $410 and $420 million for 2024.
  • Company expects to remain cash flow positive on an annual basis.
  • Continued investment in commercialization.
  • Continued investment in pipeline advancement.
  • Enrolling and dosing patients in the Phase 2b clinical trial of abiprubart in Sjögren’s Disease.

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 2024

Historical avgQ3 2024

+5.3%

Avg return

Earnings day

+5.2%

Avg return

5 days after

+7.8%

Avg return

30 days after

55%

17 / 31 earnings

Positive

+45.8%

Q3 2021

Best reaction

-16.6%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+23.5%+26.7%+16.6%
Q4 2025-4.7%-6.1%-1.3%
Q3 2025-2.9%-8.8%+4.8%
Q1 2025+20.5%+28.8%+26.6%
Q4 2024+0.5%+3.3%+19.0%
Q3 2024-16.6%-18.5%-19.1%
Q2 2024+17.8%+22.1%+22.5%
Q1 2024+4.4%+4.6%+12.1%
Q4 2023+1.2%-3.4%-5.6%
Q3 2023-3.4%+3.3%+3.1%
Q2 2023+35.2%+26.8%+18.1%
Q1 2023+24.2%+24.7%+29.0%
Q4 2022-5.6%-7.8%-19.7%
Q3 2022+8.6%+21.7%+49.3%
Q2 2022+17.3%+29.9%+14.7%
Q1 2022+5.1%-6.8%-18.4%
Q4 2021-6.8%-3.4%-7.2%
Q3 2021+45.8%+41.8%+8.8%
Q2 2021-1.4%-5.4%-10.0%
Q1 2021-9.0%-11.4%-19.4%
Q4 2020-6.3%-11.9%-28.5%
Q3 2020-5.9%-7.2%+9.6%
Q2 2020+0.8%-1.2%-14.7%
Q1 2020-7.0%-9.2%-0.6%
Q4 2019-0.7%+6.1%-29.5%
Q3 2019+15.7%+24.5%+80.8%
Q2 2019-2.4%-12.1%-9.4%
Q1 2019+8.2%+2.6%+6.5%
Q4 2018-6.1%-0.2%+20.2%
Q3 2018+11.9%+5.1%+6.2%
Q2 2018+1.7%+3.5%+78.2%
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017

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