NASDAQ$PTCT

PTC Therapeutics, Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

PTC Therapeutics reported financial results for Q4 and full year 2021, with total revenues of $165.2 million for the quarter and $538.6 million for the year.

PTC Therapeutics announced Q4 and full year 2021 financial results, marked by a 41% year-over-year revenue growth. The company's total revenues for Q4 2021 reached $165.2 million, compared to $118.9 million in Q4 2020. Full year 2021 total revenues were $538.6 million, up from $380.8 million in 2020. The company reaffirmed its 2022 total revenue guidance of $700-750 million.

  • Total revenues for Q4 2021 were $165.2 million, compared to $118.9 million for Q4 2020.
  • Full year 2021 total revenues reached $538.6 million, a 41% increase year-over-year.
  • Translarna net product revenues were $69.7 million for Q4 2021, slightly up from $69.4 million in Q4 2020.
  • Emflaza net product revenues were $47.5 million for Q4 2021, compared to $36.8 million for Q4 2020.

Headline financials

Total Revenue

$165M

Previous: $119M+39.0%
EPS (adj)

-$2.03

Previous: -$1.08-88.0%
GAAP R&D Expenses

$150M

Previous: $118M+27.0%
GAAP SG&A Expenses

$86.5M

Previous: $75.5M+14.7%
Capital Expenditures

$8.73M

Previous: $6.35M+37.4%
Free Cash Flow

-$77.6M

Previous: -$70.7M-9.7%
Net Income

-$143M

Previous: -$74.4M-92.7%
Operating Income

-$84.7M

Previous: -$96.4M+12.1%
Gross Profit

$156M

Previous: $114M+36.8%
Cash & Equivalents

$773M

Previous: $1.1B-29.9%
Total Assets

$1.94B

Previous: $2.21B-12.2%
Stock-Based Comp

$26.2M

Previous: $21.4M+22.5%

Revenue & EPS history

PTC Therapeutics · Revenue · Quarterly

$165M

Q4 2021+39%vs Q4 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

PTC Therapeutics · $117M total across 2 segments · Q4 2021

  • Translarna
    $69.7M+0.4%
  • Emflaza
    $47.5M+29.1%

Forward guidance

PTC reaffirmed its 2022 financial guidance, anticipating total revenues between $700 and $750 million and net product revenues for the DMD franchise between $475 and $495 million.

Tailwinds

  • Total revenues for the full year 2022 to be between $700 and $750 million.
  • Net product revenues for the DMD franchise for the full year 2022 to be between $475 and $495 million.
  • Results are expected mid-year for Translarna Study 041.
  • Results are expected from the Phase 3 APHENITY trial of PTC923 in phenylketonuria (PKU) by the end of 2022.
  • Opinion on marketing authorization application for PTC-AADC is expected in April 2022.

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 Q4 2021

Historical avgQ4 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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