NASDAQ$PTCT

PTC Therapeutics, Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

PTC Therapeutics reported strong revenue performance in Q4 2023 and is well-positioned for 2024 with potential clinical and regulatory milestones.

PTC Therapeutics announced its Q4 and full-year 2023 financial results, reporting a Q4 total revenue of $307.1 million compared to $167.4 million for the same period in 2022. The company's full-year revenue reached $937.8 million, a 34% increase year-over-year. Key milestones include advancements in regulatory submissions for sepiapterin and vatiquinone, as well as updates on clinical trials for PTC518 and utreloxastat.

  • Total revenue for Q4 2023 was $307.1 million, compared to $167.4 million for Q4 2022.
  • Full year 2023 total revenue reached $937.8 million, representing a 34% year-over-year growth.
  • Translarna net product revenue for Q4 2023 was $75.2 million, compared to $55.8 million for Q4 2022.
  • Emflaza net product revenue for Q4 2023 was $67.4 million, compared to $58.1 million for Q4 2022.

Headline financials

Total Revenue

$307M

Previous: $167M+83.4%
EPS (adj)

-$0.24

Previous: -$1.89+87.3%
GAAP R&D Expenses

$121M

Previous: $189M-35.7%
GAAP SG&A Expenses

$76.3M

Previous: $92.7M-17.7%
Capital Expenditures

-$28.5M

Previous: $8.62M-430.1%
Net Income

-$156M

Previous: -$171M+8.8%
Operating Income

$5.82M

Previous: -$200M+102.9%
Gross Profit

$201M

Previous: $157M+28.3%
R&D Expense

$121M

No prior period
Stock-Based Comp

$16.5M

Previous: $27.3M-39.6%

Revenue & EPS history

PTC Therapeutics · Revenue · Quarterly

$307M

Q4 2023+83.4%vs Q4 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

PTC Therapeutics · $136M total across 2 segments · Q3 2023

  • Translarna
    $69M-10.4%
  • Emflaza
    $67.4M+22.5%

Forward guidance

PTC anticipates total revenues for full year 2024 to be between $600 million and $680 million. PTC anticipates GAAP R&D and SG&A expense for full year 2024 to be between $740 million and $835 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 Q4 2023

Historical avgQ4 2023

-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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