NASDAQ$QURE

uniQure NV · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

uniQure reported encouraging interim analysis data from Phase I/II clinical trial of AMT-130 in Huntington’s disease and is preparing to initiate two Phase I/II clinical trials in refractory temporal lobe epilepsy and SOD1-ALS later this year.

uniQure announced its financial results for the second quarter of 2023, highlighting encouraging data from its AMT-130 Huntington's disease trial and preparations for new clinical trials. The company's cash position is strong with $628.6 million, excluding a $100 million milestone received in July.

  • Announced encouraging interim analysis data from Phase I/II clinical trial of AMT-130 in Huntington’s disease showing preservation of function compared to baseline and clinical benefits relative to natural history.
  • Preparations underway to initiate two Phase I/II clinical trials in refractory temporal lobe epilepsy and SOD1-ALS later this year; IND for Fabry disease expected to be submitted in the second half of 2023.
  • Strong cash position of $628.6 million as of June 30, 2023, which excludes a $100 million milestone related to first commercial sale of HEMGENIX® in the U.S. received in July 2023.
  • Announced sale of royalty interest in HEMGENIX® for up to $400 million.

Headline financials

Total Revenue

$2.42M

Previous: $497K+387.3%
EPS (adj)

-$1.44

Previous: -$0.84-71.4%
Capital Expenditures

-$3.42M

Previous: -$8.64M+60.4%
Free Cash Flow

-$149M

Previous: -$94.4M-58.0%
Net Income

-$146M

Previous: -$85.7M-69.9%
Operating Income

-$65.1M

Previous: -$56.1M-16.1%
Gross Profit

$1.3M

Previous: -$22.7M+105.7%
Cash & Equivalents

$514M

Previous: $501M+2.6%
Total Assets

$943M

Previous: $701M+34.4%
Stock-Based Comp

$8.89M

Previous: $7.81M+13.8%

Revenue & EPS history

uniQure · Revenue · Quarterly

$2.42M

Q2 2023+387.3%vs Q2 2022
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Forward guidance

The company provided forward-looking statements regarding its ability to fund operations into 2026, continued progress on the commercialization of HEMGENIX®, clinical benefits for patients treated with AMT-130, the timing of patient enrollment in the AMT-130 clinical trial, submission of an investigational new drug application for Fabry disease in 2023, initiation of a Phase I/II clinical study of AMT-162 for the treatment of ALS in the second half of 2023, submission of an investigational new drug application or initiation of a Phase I/II clinical study of AMT-260 for rTLE in the second half of 2023, and interactions with regulatory agencies in the first quarter of 2024.

Tailwinds

  • Continued progress on the commercialization of HEMGENIX®
  • Clinical benefits for patients treated with AMT-130
  • Patient enrollment in the AMT-130 clinical trial
  • Submission of an investigational new drug application for Fabry disease in 2023
  • Initiation of a Phase I/II clinical study of AMT-162 for the treatment of ALS in the second half of 2023

Headwinds

  • Risks associated with the regulatory approval and commercial launch of HEMGENIX®
  • Material changes to interim or preliminary data
  • Impact of financial and geopolitical events
  • Risks related to the Commercialization and License Agreement with CSL Behring
  • Risks related to clinical development activities, clinical results, collaboration arrangements, regulatory oversight, product commercialization and intellectual property claims and ongoing litigation

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 Q2 2023

Historical avgQ2 2023

+1.0%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+2.6%

Avg return

30 days after

59%

27 / 46 earnings

Positive

+47.1%

Q2 2015

Best reaction

-32.7%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.5%+34.0%+35.5%
Q4 2025-32.7%-8.7%+8.1%
Q3 2025-6.0%+7.5%-27.5%
Q1 2025+3.3%+17.0%+15.8%
Q4 2024+3.4%-2.9%+6.9%
Q3 2024+28.8%+40.1%+18.5%
Q2 2024-4.6%-1.3%-23.6%
Q1 2024+3.6%+4.2%+12.5%
Q4 2023-14.8%-23.6%-23.0%
Q3 2023+6.5%-0.8%+19.5%
Q2 2023-3.0%-9.2%-16.0%
Q1 2023+2.7%+1.2%-3.8%
Q4 2022+5.0%+6.2%+1.3%
Q3 2022+4.4%+0.1%+38.2%
Q2 2022-25.5%-20.2%-18.4%
Q1 2022+6.6%-2.0%-5.2%
Q4 2021+5.9%+13.0%+4.5%
Q3 2021-0.3%+7.1%+2.2%
Q2 2021+8.5%+11.5%+10.7%
Q1 2021+0.7%-0.3%+12.3%
Q4 2020-2.0%-11.5%-8.2%
Q3 2020-10.6%-7.0%+7.0%
Q2 2020+10.7%+12.0%+3.7%
Q1 2020+1.0%-3.2%+6.6%
Q4 2019+1.5%+1.4%-11.3%
Q3 2019-0.8%+3.9%+13.4%
Q2 2019-8.5%-9.1%-17.1%
Q1 2019-2.0%+2.4%+5.4%
Q4 2018+7.7%+11.8%+12.1%
Q3 2018+9.0%+0.5%+20.1%
Q2 2018+6.6%+9.3%+21.9%
Q1 2018-0.3%-3.2%+15.7%
Q4 2017-13.5%-17.2%+16.9%
Q3 2017-2.6%+4.4%+4.4%
Q2 2017+7.2%+5.1%+4.8%
Q1 2017+2.3%+3.3%+6.6%
Q4 2016+1.0%-3.1%-10.5%
Q3 2016-6.2%-3.9%-20.6%
Q1 2016+11.8%+16.8%-38.5%
Q3 2015-12.0%
Q1 2015-2.3%
Q2 2015+47.1%
Q4 2014-7.5%
Q2 2014+10.9%
Q4 2013+3.0%
Q1 2014+0.4%
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012

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