NASDAQ$MIRM
Mirum Pharmaceuticals Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Mirum Pharmaceuticals' Q1 2023 financial performance was reported, featuring revenue growth and advancements in LIVMARLI's commercialization and label expansion.
Mirum Pharmaceuticals reported a strong start to 2023, with total revenue of $31.6 million, including $29.1 million in net product sales for LIVMARLI. The company is progressing with the global commercial launch of LIVMARLI, label expansions, and pipeline milestones.
- Total revenue reached $31.6 million, including $29.1 million from LIVMARLI net product sales.
- LIVMARLI's U.S. label was expanded to include infants three months of age and older for Alagille syndrome.
- Regulatory submissions for LIVMARLI in PFIC are under review in the U.S. and Europe.
- Three data catalysts are expected in the second half of 2023 for LIVMARLI in biliary atresia and volixibat in primary sclerosing cholangitis and primary biliary cholangitis.
Headline financials
Revenue & EPS history
Mirum Pharmaceuticals · Revenue · Quarterly
$31.6M
Revenue by segment
Mirum Pharmaceuticals · $29.1M total across 1 segment · Q1 2023
- Net Product Sales$29.1M—100.0%
Forward guidance
Mirum Pharmaceuticals is focused on continued commercial success for LIVMARLI, including growth in year-over-year net product sales, LIVMARLI label expansion in the U.S. and Europe, the results, conduct and progress of Mirum’s ongoing and planned studies for its product candidates, including the receipt and timing of planned data readouts, the delivery of LIVMARLI to more patients, and the regulatory approval path for its product candidates globally.
Tailwinds
- Continued commercial success for LIVMARLI
- Growth in year over year net product sales
- LIVMARLI label expansion in the U.S. and Europe
- Results, conduct and progress of Mirum’s ongoing and planned studies for its product candidates, including the receipt and timing of planned data readouts
- Delivery of LIVMARLI to more patients, and the regulatory approval path for its product candidates globally.
Headwinds
- Risks and uncertainties associated with Mirum’s business in general
- Adverse macroeconomic and geopolitical developments
- Risks described in Mirum’s filings with the Securities and Exchange Commission
- The forward-looking statements are based upon Mirum’s current expectations and involve assumptions that may never materialize or may prove to be incorrect.
- Actual results could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties.
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 2023
+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
| Quarter | Report date | Reaction (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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