NASDAQ$MIRM

Mirum Pharmaceuticals Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Mirum Pharmaceuticals reported third quarter results and increased 2024 guidance.

Mirum Pharmaceuticals reported Q3 2024 global net product sales of $90.3 million, representing an 89% increase compared to Q3 2023. The company increased its 2024 revenue guidance to $330-335 million. Volixibat was granted breakthrough therapy designation for treatment of cholestatic pruritus in PBC, and the PDUFA date for chenodiol in CTX is set for December 28, 2024.

  • Global net product sales reached $90.3 million, an 89% increase year-over-year.
  • LIVMARLI net sales were $59.1 million for the third quarter.
  • CHOLBAM and CHENODAL net sales totaled $31.2 million for the third quarter.
  • Volixibat received breakthrough therapy designation for cholestatic pruritus in PBC.

Headline financials

Total Revenue

$90.4M

Previous: $47.7M+89.4%
EPS

-$0.30

Previous: -$0.57+47.4%
Capital Expenditures

-$973K

Previous: -$109K-792.7%
Free Cash Flow

-$15.2M

Previous: -$23.7M+35.8%
Net Income

-$14.2M

Previous: -$23.6M+39.7%
Operating Income

-$12.7M

Previous: -$25.1M+49.6%
Gross Profit

$0.00

Previous: $37.5M-100.0%
Cash & Equivalents

$223M

Previous: $303M-26.4%
Total Assets

$668M

Previous: $651M+2.7%
R&D Expense

$31.6M

Previous: $26.1M+21.1%
Stock-Based Comp

$11.9M

Previous: $8.39M+42.0%

Revenue & EPS history

Mirum Pharmaceuticals · Revenue · Quarterly

$90.4M

Q3 2024+89.4%vs Q3 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 increased its 2024 revenue guidance to $330-335 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 Q3 2024

Historical avgQ3 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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