NASDAQ$RYTM

Rhythm Pharmaceuticals Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Rhythm Pharmaceuticals reported increased revenue driven by IMCIVREE sales and provided forward guidance, while still operating at a net loss.

Rhythm Pharmaceuticals' Q2 2021 earnings showed revenue growth driven by increasing IMCIVREE sales. The company continues to focus on commercialization and expansion efforts, while still reporting a net loss for the quarter. Forward guidance was provided, outlining expectations for continued growth and development.

  • Total revenue was $5.4 million, driven by IMCIVREE sales.
  • Net loss for the quarter was $35.9 million.
  • R&D expenses totaled $22.8 million.
  • Company provided forward guidance, expecting continued growth and development.

Headline financials

Total Revenue

$274K

No prior period
EPS (adj)

-$0.70

Previous: -$0.71+1.4%
Capital Expenditures

-$260K

No prior period
Free Cash Flow

-$35.6M

No prior period
Net Income

-$35.4M

Previous: -$31.1M-13.7%
Operating Income

-$40.4M

Previous: -$31.9M-26.7%
Gross Profit

$137K

No prior period
Cash & Equivalents

$69.3M

Previous: $59.1M+17.3%
Total Assets

$388M

Previous: $243M+59.5%
Stock-Based Comp

$5.67M

Previous: $3.03M+87.2%

Revenue & EPS history

Rhythm Pharmaceuticals · Revenue · Quarterly

$274K

Q2 2021
Beat estimate in 6 of 12 quarters(50%)
ActualEstimate

Forward guidance

Rhythm Pharmaceuticals expects continued growth and development, focusing on expansion and commercialization of IMCIVREE.

Tailwinds

  • Continued IMCIVREE growth in existing markets.
  • Expansion into new geographies.
  • Advancement of clinical programs.
  • Increased patient identification and diagnosis.
  • Strengthening relationships with key stakeholders.

Headwinds

  • Uncertainties related to regulatory approvals.
  • Potential challenges in market access and reimbursement.
  • Risks associated with clinical trial outcomes.
  • Competition from other therapies.
  • Impact of COVID-19 on operations and patient access.

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

+3.1%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+5.4%

Avg return

30 days after

53%

18 / 34 earnings

Positive

+40.8%

Q2 2022

Best reaction

-15.7%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+8.2%+10.3%+2.5%
Q4 2025-0.9%-9.7%-23.5%
Q3 2025-7.7%-11.8%-7.1%
Q1 2025+2.9%-6.0%+8.6%
Q4 2024+4.5%+2.7%+7.4%
Q3 2024+18.2%+27.1%+9.1%
Q2 2024-1.1%+2.8%+9.6%
Q1 2024-11.3%-10.8%-9.6%
Q4 2023-7.5%-5.7%-16.9%
Q3 2023+1.2%+5.1%+40.3%
Q2 2023+36.3%+37.0%+45.8%
Q1 2023-8.4%-17.4%-15.0%
Q4 2022+0.1%-9.8%-26.6%
Q3 2022-2.5%+15.5%+15.7%
Q2 2022+40.8%+62.6%+103.5%
Q1 2022-12.5%-32.1%-46.0%
Q4 2021+21.3%+21.7%+51.2%
Q3 2021+14.4%+14.9%-24.0%
Q2 2021-15.7%-17.5%-22.1%
Q1 2021-0.1%+2.6%-10.5%
Q4 2020+3.2%+0.2%-17.9%
Q3 2020+8.8%+7.9%+51.2%
Q2 2020-2.4%-1.8%+55.2%
Q1 2020+7.1%+8.7%+10.9%
Q4 2019+3.0%-5.4%-22.1%
Q3 2019+0.6%-1.3%+5.3%
Q2 2019-4.7%-2.9%+11.7%
Q1 2019-0.7%-1.0%-2.4%
Q4 2018+5.8%+8.2%+1.6%
Q3 2018-12.3%-15.3%-13.1%
Q2 2018-1.3%-2.8%-5.9%
Q1 2018+17.8%+21.2%+29.9%
Q4 2017+6.9%-16.3%-24.0%
Q3 2017-5.7%+1.3%+10.1%
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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