NASDAQ$RARE

Ultragenyx Pharmaceutical Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Ultragenyx reported Q4 2021 financial results and provided a corporate update.

Ultragenyx reported a total revenue of $83.4 million for Q4 2021. The company made significant progress across its early and late-stage clinical pipeline and is preparing for the launch of Evkeeza in Europe.

  • Total revenue for Q4 2021 was $83.4 million.
  • Crysvita revenue in Ultragenyx territories was $55.5 million, including $50.2 million in collaboration revenue in the North American profit share territory.
  • Dojolvi product sales were $11.8 million.
  • The company had a cash balance of approximately $1.0 billion at the end of 2021.

Headline financials

Total Revenue

$83.4M

Previous: $91.5M-8.9%
EPS (adj)

-$1.79

Previous: -$0.37-383.8%
Total Operating Expenses

$186M

No prior period
Capital Expenditures

$16M

Previous: $21.9M-26.9%
Free Cash Flow

-$70.4M

Previous: -$84.4M+16.6%
Net Income

-$122M

Previous: -$24M-410.0%
Operating Income

-$103M

Previous: -$96.1M-6.7%
Gross Profit

$83.4M

Previous: $91.5M-8.9%
Cash & Equivalents

$999M

Previous: $1.21B-17.6%
Total Assets

$1.52B

Previous: $1.76B-13.5%

Revenue & EPS history

Ultragenyx · Revenue · Quarterly

$83.4M

Q4 2021-8.9%vs Q4 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Ultragenyx · $70.4M total across 3 segments · Q4 2021

  • Crysvita Revenue
    $55.5M+37.3%
  • Dojolvi Revenue
    $11.8M+84.8%
  • Mepsevii Revenue
    $3.11M-15.9%

Forward guidance

Ultragenyx expects 2022 revenue for Crysvita in Ultragenyx territories to be between $250 million and $260 million and Dojolvi revenue to be between $55 million and $65 million.

Tailwinds

  • 2022 revenue for Crysvita in Ultragenyx territories to be between $250 million and $260 million.
  • Dojolvi revenue to be between $55 million and $65 million.
  • Submission of reimbursement dossiers expected in European countries in 2022 for Evkeeza.
  • Dosing in the Pivotal Phase 2/3 Orbit study for UX143 is expected to begin in the first half of 2022.
  • Phase 3 eNH3ance study of DTX301 expected to initiate in first half of 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

-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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