NASDAQ$MIRM

Mirum Pharmaceuticals Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Mirum Pharmaceuticals reported financial results for the first quarter ended March 31, 2022 and provided a business update.

Mirum Pharmaceuticals reported a successful first quarter with total revenue of $12.9 million, including $10.9 million from LIVMARLI® product revenue. The company's net loss was $36.6 million, or $1.17 per share, and it had $239.9 million in cash, cash equivalents, and investments as of March 31, 2022.

  • Total revenue for Q1 2022 was $12.9 million.
  • Net product revenue for LIVMARLI® was $10.9 million.
  • The company reported a net loss of $36.6 million, or $1.17 net loss per share.
  • Mirum had cash, cash equivalents, restricted cash equivalents, and investments of $239.9 million as of March 31, 2022.

Headline financials

Total Revenue

$12.9M

No prior period
EPS (adj)

-$1.17

Previous: $1.68-169.6%
Capital Expenditures

$0.00

No prior period
Free Cash Flow

-$36.6M

No prior period
Net Income

-$36.6M

Previous: -$50.5M+27.6%
Operating Income

-$32.7M

Previous: -$47.6M+31.2%
Gross Profit

$10.5M

No prior period
Cash & Equivalents

$240M

Previous: $213M+12.6%
Total Assets

$278M

Previous: $222M+25.2%
Stock-Based Comp

$6.56M

No prior period

Revenue & EPS history

Mirum Pharmaceuticals · Revenue · Quarterly

$12.9M

Q1 2022
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Mirum Pharmaceuticals · $29.1M total across 1 segment · Q1 2023

  • Net Product Sales
    $29.1M

Forward guidance

Mirum Pharmaceuticals anticipates several milestones in the near future, including topline data from the MARCH-PFIC Phase 3 trial, potential LIVMARLI approval by the European Medicines Agency, interim analysis for VISTAS and OHANA Phase 2b clinical trials, and interim analysis for VANTAGE Phase 2b clinical trial 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 Q1 2022

Historical avgQ1 2022

+1.7%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+2.9%

Avg return

30 days after

59%

16 / 27 earnings

Positive

+26.4%

Q2 2022

Best reaction

-16.2%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.0%+0.2%-11.7%
Q4 2025-15.1%-19.2%-18.6%
Q3 2025-1.4%-1.8%-3.5%
Q1 2025+9.9%+9.8%+12.5%
Q4 2024-7.0%-10.5%-9.0%
Q3 2024+5.6%+6.9%+1.6%
Q2 2024+1.8%+14.3%+5.0%
Q1 2024-0.3%-4.4%-3.2%
Q4 2023-3.0%-3.1%-15.2%
Q3 2023+5.6%+5.6%+12.6%
Q2 2023+6.1%+2.1%+6.1%
Q1 2023-8.3%-7.9%-7.9%
Q4 2022-1.1%-4.7%+5.1%
Q3 2022-16.2%-19.7%-24.1%
Q2 2022+26.4%+18.0%+7.4%
Q1 2022+7.1%-4.4%+7.0%
Q4 2021+3.3%+1.5%+29.5%
Q3 2021+0.1%-1.2%-7.9%
Q2 2021+0.5%-4.0%+23.0%
Q1 2021-1.4%-6.3%-10.8%
Q4 2020+6.0%+14.3%+10.2%
Q3 2020+11.6%+16.9%+48.0%
Q2 2020+13.0%+15.3%-4.3%
Q1 2020+0.1%+6.2%+10.8%
Q4 2019+8.1%-10.5%+25.7%
Q3 2019-0.1%+4.0%+22.6%
Q2 2019-9.0%-10.3%-31.5%
Q1 2019
Q4 2018
Q3 2018

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