NASDAQ$PTCT

PTC Therapeutics, Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

PTC Therapeutics reported strong Q1 2021 results with significant revenue growth and progress in clinical trials.

PTC Therapeutics announced a strong first quarter with total revenue of $117.9 million, a 73% increase over Q1 2020. The DMD franchise contributed $90 million, driven by Translarna and Emflaza. The company also highlighted positive preliminary results in the PTC518 Huntington’s disease program.

  • Total revenue reached $117.9 million, up 73% from Q1 2020.
  • DMD franchise revenue was $90 million, a 32% increase year-over-year.
  • PTC518 Phase 1 trial showed dose-dependent reduction of Huntington mRNA.
  • Evrysdi's first EU sale triggered a $20 million milestone payment.

Headline financials

Total Revenue

$118M

Previous: $68.3M+72.8%
EPS (adj)

-$1.83

Previous: -$1.81-1.1%
GAAP R&D Expenses

$135M

Previous: $90.1M+49.3%
GAAP SG&A Expenses

$61.1M

Previous: $58.2M+5.0%
Capital Expenditures

-$5.67M

Previous: -$6.02M+5.9%
Free Cash Flow

-$134M

Previous: -$119M-13.1%
Net Income

-$129M

Previous: -$113M-14.2%
Operating Income

-$98.1M

Previous: -$93M-5.5%
Gross Profit

-$1.4M

Previous: -$200K-600.0%
Cash & Equivalents

$147M

Previous: $123M+18.9%
Total Assets

$2.11B

Previous: $1.55B+36.6%
Stock-Based Comp

$25.7M

No prior period

Revenue & EPS history

PTC Therapeutics · Revenue · Quarterly

$118M

Q1 2021+72.8%vs Q1 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

PTC Therapeutics · $90M total across 2 segments · Q1 2021

  • Translarna
    $46.5M+14.8%
  • Emflaza
    $43.5M+58.2%

Forward guidance

PTC reaffirms its full year 2021 guidance.

Tailwinds

  • Net product revenues for the DMD franchise for the full year 2021 to be between $355 and $375 million.
  • PTC anticipates GAAP R&D and SG&A expense for the full year 2021 to be between $825 and $855 million.
  • PTC anticipates Non-GAAP R&D and SG&A expense for the full year 2021 to be between $725 and $755 million, excluding estimated non-cash, stock-based compensation expense of $100 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 Q1 2021

Historical avgQ1 2021

-2.2%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+5.8%

Avg return

30 days after

46%

26 / 57 earnings

Positive

+24.1%

Q2 2016

Best reaction

-34.0%

Q3 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.2%+14.0%+10.1%
Q4 2025+1.1%-3.1%-6.6%
Q3 2025-1.1%+3.3%+6.4%
Q1 2025+12.8%+27.1%+44.0%
Q4 2024+9.3%+2.7%+7.3%
Q3 2024+2.5%+3.3%+11.3%
Q2 2024-1.8%+0.1%-1.0%
Q1 2024+13.3%+27.5%+47.6%
Q4 2023+13.3%+11.0%+3.2%
Q3 2023-20.5%-19.5%-6.9%
Q2 2023-3.7%-2.9%-0.3%
Q1 2023+5.6%+5.2%-18.3%
Q4 2022-5.2%-7.4%-0.0%
Q3 2022-15.7%-17.3%-12.9%
Q2 2022+11.9%+8.2%+8.5%
Q1 2022+1.5%-7.8%-24.9%
Q4 2021-8.8%-8.7%-4.1%
Q3 2021+7.0%+12.4%+7.4%
Q2 2021-2.9%-2.3%+7.3%
Q1 2021+0.3%-1.3%-5.6%
Q4 2020-0.9%-0.5%-14.6%
Q3 2020-0.5%+8.4%+22.0%
Q2 2020-3.0%-0.9%-1.0%
Q1 2020-10.3%-7.9%-5.3%
Q4 2019-5.4%+0.4%-18.7%
Q3 2019+1.9%+2.4%+16.8%
Q2 2019+8.6%+10.4%+1.5%
Q1 2019+1.4%-1.2%+10.5%
Q4 2018+0.9%-0.7%+6.8%
Q3 2018-12.4%-14.9%-13.4%
Q2 2018+7.2%+14.9%+15.4%
Q1 2018-4.7%-2.6%+22.8%
Q4 2017+10.0%+8.0%-2.4%
Q3 2017-1.9%-5.2%-11.2%
Q2 2017-2.1%-4.7%+4.3%
Q1 2017-3.8%+6.6%+26.3%
Q4 2016-16.9%-23.2%-4.8%
Q3 2016-34.0%-11.2%+74.5%
Q2 2016+24.1%+24.6%+26.4%
Q1 2016+1.7%
Q4 2015-30.5%
Q3 2015+4.3%
Q2 2015+0.4%
Q1 2015-11.2%
Q4 2014-4.3%
Q3 2014+3.3%
Q2 2014-12.5%
Q1 2013-5.7%
Q1 2014-5.7%
Q4 2013-8.4%
Q1 2012-8.4%
Q4 2011-8.4%
Q3 2012-10.7%
Q3 2013-10.7%
Q2 2013+1.2%
Q2 2012+1.2%
Q4 2012+1.2%

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