NASDAQ$MIRM

Mirum Pharmaceuticals Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported financial results for the third quarter of 2022 and provided a business update.

Mirum Pharmaceuticals reported net product sales of $18.8 million for LIVMARLI in Q3 2022. The company is well positioned for European approval by the end of the year and raised its full year net product sales guidance estimate for LIVMARLI to $70 million.

  • LIVMARLI net product sales totaled $18.8 million in Q3 2022.
  • Mirum raised 2022 full year net product sales guidance estimate for LIVMARLI to $70 million.
  • Positive topline data from LIVMARLI Phase 3 MARCH study in PFIC was announced.
  • A positive CHMP opinion for LIVMARLI for cholestatic pruritus in patients with ALGS was announced.

Headline financials

Total Revenue

$18.8M

Previous: $5M+275.6%
EPS (adj)

-$1.02

Previous: -$1.55+34.2%
Capital Expenditures

-$36K

Previous: -$21K-71.4%
Free Cash Flow

-$35.7M

Previous: -$47.1M+24.2%
Net Income

-$35.7M

Previous: -$47.1M+24.2%
Operating Income

-$32.9M

Previous: -$42.8M+23.2%
Gross Profit

$15.8M

Previous: $5M+217.0%
Cash & Equivalents

$285M

Previous: $205M+39.2%
Total Assets

$364M

Previous: $235M+54.9%
Stock-Based Comp

$6.73M

Previous: $7.42M-9.2%

Revenue & EPS history

Mirum Pharmaceuticals · Revenue · Quarterly

$18.8M

Q3 2022+275.6%vs Q3 2021
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 anticipates a European Commission decision regarding approval of LIVMARLI for the treatment of cholestatic pruritus in patients with Alagille syndrome two months of age and older, in the fourth quarter of 2022. Topline data in the EMBARK Phase 2b clinical trial for biliary atresia is expected in the second half of 2023. Interim analysis for the VISTAS Phase 2b clinical trial for primary sclerosing cholangitis is expected in mid-2023. Interim analysis for the OHANA Phase 2b clinical trial for intrahepatic cholestasis of pregnancy is expected in the first half of 2023. Interim analysis for the VANTAGE Phase 2b clinical trial for primary biliary cholangitis is expected in the second half of 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 Q3 2022

Historical avgQ3 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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