NASDAQ$RARE

Ultragenyx Pharmaceutical Inc. · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Ultragenyx reported Q2 2021 financial results with revenue growth and advancements in clinical programs.

Ultragenyx reported a total revenue of $87.0 million for the second quarter of 2021, which includes $44.7 million from Crysvita. The company reaffirmed its 2021 guidance for Crysvita revenue in Ultragenyx territories to be between $180 million and $190 million.

  • Total revenue for Q2 2021 was $87.0 million, including $44.7 million from Crysvita revenue in Ultragenyx territories.
  • Crysvita revenue in Ultragenyx territories increased by 38% compared to Q2 2020, driven by demand from pediatric and adult patients with XLH and TIO.
  • Dojolvi continues to show strong launch momentum with approximately 220 patients on reimbursed commercial therapy in the United States.
  • The company is on track to initiate four pivotal clinical trials over the next six months.

Headline financials

Total Revenue

$87M

Previous: $61.7M+40.9%
EPS (adj)

-$1.81

Previous: -$1.12-61.6%
Total Operating Expenses

$170M

Previous: $125M+36.1%
Capital Expenditures

-$36.5M

Previous: -$18.2M-100.7%
Free Cash Flow

-$159M

Previous: $7.14M-2326.9%
Net Income

-$122M

Previous: $25.3M-583.6%
Operating Income

-$82.8M

Previous: -$63.1M-31.3%
Gross Profit

$87M

Previous: $61.7M+40.9%
Cash & Equivalents

$974M

Previous: $817M+19.1%
Total Assets

$1.51B

Previous: $1.31B+15.1%

Revenue & EPS history

Ultragenyx · Revenue · Quarterly

$87M

Q2 2021+40.9%vs Q2 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

Ultragenyx · $65M total across 3 segments · Q2 2021

  • Crysvita Revenue
    $49.6M+53.0%
  • Dojolvi Revenue
    $10M
  • Mepsevii Revenue
    $5.4M+28.5%

Forward guidance

Ultragenyx reaffirms the 2021 guidance range for Crysvita in Ultragenyx Territories, which is $180 million to $190 million. This includes the North American profit share region and the other regions where product sales are recognized.

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 2021

Historical avgQ2 2021

-1.2%

Avg return

Earnings day

-0.5%

Avg return

5 days after

+0.1%

Avg return

30 days after

42%

20 / 48 earnings

Positive

+14.7%

Q1 2015

Best reaction

-18.9%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.8%+5.2%-12.5%
Q4 2025-12.7%-13.0%-9.2%
Q3 2025-1.5%-1.6%+12.1%
Q1 2025-4.8%+2.9%+6.0%
Q4 2024-2.4%+1.8%-9.6%
Q3 2024-1.1%-1.4%-7.3%
Q2 2024+12.1%+10.6%+26.1%
Q1 2024-1.3%-3.1%-7.3%
Q4 2023+7.1%+4.8%+3.7%
Q3 2023+7.7%+5.7%+11.4%
Q2 2023-11.1%-16.9%-10.8%
Q1 2023+9.0%+8.6%+17.4%
Q4 2022+10.2%+2.9%-12.8%
Q3 2022-9.0%-16.4%-4.2%
Q2 2022+4.9%+0.9%-2.6%
Q1 2022-18.9%-24.5%-27.5%
Q4 2021-2.5%-1.6%-12.5%
Q3 2021+0.0%-3.1%-8.0%
Q2 2021+4.9%+10.9%+24.8%
Q1 2021-0.5%+7.5%-11.4%
Q4 2020-10.1%-13.7%-24.1%
Q3 2020+4.1%+10.1%+31.3%
Q2 2020+2.5%+10.4%+12.4%
Q1 2020-2.4%+4.1%+8.1%
Q4 2019-2.8%-2.8%-31.1%
Q3 2019-7.9%-4.6%+5.0%
Q2 2019-7.6%-3.6%-9.6%
Q1 2019-8.0%-5.7%-15.4%
Q4 2018+6.8%+5.6%+21.9%
Q3 2018+0.9%-3.0%-6.4%
Q2 2018-9.5%-2.5%+6.8%
Q1 2018+6.1%+17.7%+42.3%
Q4 2017-1.7%+1.6%+9.0%
Q3 2017+3.2%-5.2%+7.7%
Q2 2017-5.4%-10.6%-27.4%
Q1 2017+2.0%+2.5%-5.1%
Q4 2016+0.2%+0.2%+10.2%
Q2 2016-2.2%+0.2%+2.5%
Q1 2016+0.6%
Q4 2015-0.7%
Q3 2015-6.1%
Q2 2015-3.8%
Q1 2015+14.7%
Q4 2014-7.2%
Q3 2014-4.2%
Q2 2014+1.9%
Q1 2014-8.5%
Q4 2013-8.4%
Q2 2013
Q1 2013
Q4 2012

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