NASDAQ$QURE

uniQure NV · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

uniQure reported financial results for 2022 and highlighted recent progress across its business.

uniQure had a strong ending to 2022 with the approval of the world’s first gene therapy for hemophilia B. The company is working to advance AMT-130 and preparing for the initiation of two new Phase I/II studies in refractory temporal lobe epilepsy and SOD1-ALS.

  • Achieved U.S. and European Commission marketing approvals of first and only gene therapy for adults with hemophilia B
  • Advancing development of AMT-130 for patients with Huntington’s disease – clinical update from U.S. Phase I/II trial expected in second quarter 2023
  • Hosted virtual investor event featuring AMT-260 in refractory temporal lobe epilepsy - expected to enter clinical development in second half of 2023
  • Expanded pipeline with in-licensing of AMT-162 for SOD1 ALS - plans to initiate a Phase I/II clinical trial in the second half of 2023

Headline financials

Total Revenue

$103M

Previous: $57.7M+78.1%
EPS (adj)

$0.15

Previous: $0.17-11.8%
Capital Expenditures

$5.07M

Previous: $3.55M+42.6%
Free Cash Flow

-$59.7M

Previous: -$50.6M-18.0%
Net Income

-$127M

Previous: $330M-138.5%
Operating Income

$26.5M

Previous: $2.07M+1181.5%
Gross Profit

$101M

Previous: $55.9M+81.6%
Cash & Equivalents

$393M

Previous: $556M-29.4%
Total Assets

$705M

Previous: $809M-12.9%
Stock-Based Comp

$11.9M

Previous: $6.89M+73.0%

Revenue & EPS history

uniQure · Revenue · Quarterly

$103M

Q4 2022+78.1%vs Q4 2021
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Forward guidance

uniQure provided forward-looking statements regarding their clinical trials and regulatory submissions.

Tailwinds

  • AMT-130 clinical trial for Huntington’s Disease will begin enrollment in the U.S. in the second half of 2023
  • The Company will announce one to two-years of follow up data from the U.S. Phase I/II clinical study of AMT-130 in the second quarter of 2023
  • Clinical data from the lower-dose cohort for AMT-130 is expected to be presented in the second half of 2023
  • The Company will submit an investigational new drug application for Fabry disease in 2023
  • The company will initiate 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®
  • Risks associated with our clinical trial for Huntington’s disease
  • Impact of financial and geopolitical events on our Company and the wider economy and health care system
  • Risks associated with our Commercialization and License Agreement with CSL Behring
  • Risks associated with our clinical development activities, clinical results, collaboration arrangements, regulatory oversight, product commercialization and intellectual property claims

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 2022

Historical avgQ4 2022

+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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