NASDAQ$MIRM

Mirum Pharmaceuticals Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Mirum Pharmaceuticals reported Q2 2024 financial results and provided a business update.

Mirum Pharmaceuticals reported second quarter global net product sales of $77.8 million, a 139% increase compared to the second quarter of 2023. The company is on track to achieve full-year guidance of $310 to $320 million. Positive interim results were reported for volixibat in VISTAS PSC and VANTAGE PBC studies. LIVMARLI received marketing authorization in Europe for the treatment of PFIC.

  • Second quarter global net product sales were $77.8 million, representing a 139% increase compared to Q2 2023.
  • LIVMARLI second quarter net sales were $47.2 million, representing 45% growth compared to Q2 2023.
  • CHOLBAM and CHENODAL second quarter net sales were $30.5 million.
  • Mirum had cash, cash equivalents and investments of $295.4 million as of June 30, 2024.

Headline financials

Total Revenue

$77.9M

Previous: $37.5M+107.7%
EPS

-$0.52

Previous: -$1.94+73.2%
R&D Expenses

$32.7M

No prior period
SG&A Expenses

$49.2M

No prior period
Total Operating Expenses

$102M

No prior period
Interest Income

$3.49M

No prior period
Interest Expense

$3.57M

No prior period
Income Tax Provision

$635K

No prior period
Stock-Based Compensation

$11.8M

No prior period
Intangible Amortization

$5.59M

No prior period
Capital Expenditures

-$792K

Previous: -$109K-626.6%
Free Cash Flow

-$25.4M

Previous: -$74.1M+65.7%
Net Income

-$24.6M

Previous: -$74M+66.7%
Operating Income

-$24.2M

Previous: -$24.3M+0.2%
Gross Profit

$0.00

Previous: $30.7M-100.0%
Cash & Equivalents

$233M

Previous: $297M-21.5%
Total Assets

$661M

Previous: $444M+49.0%
R&D Expense

$32.5M

No prior period
Stock-Based Comp

$11.8M

Previous: $8.36M+41.6%

Revenue & EPS history

Mirum Pharmaceuticals · Revenue · Quarterly

$77.9M

Q2 2024+107.7%vs Q2 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

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

  • Net Product Sales
    $29.1M

Forward guidance

Mirum Pharmaceuticals is on track to achieve full-year guidance of $310 to $320 million.

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 Q2 2024

Historical avgQ2 2024

+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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