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Jun 30, 2021

Corcept Therapeutics Q2 2021 Earnings Report

Reported financial results for the second quarter of 2021 and provided a corporate update.

Key Takeaways

Corcept Therapeutics reported a revenue of $91.6 million for Q2 2021, compared to $88.6 million in Q2 2020. GAAP diluted net income was $0.21 per share, and non-GAAP diluted net income was $0.30 per share. The company reiterated its 2021 revenue guidance of $355 – $385 million.

Revenue of $91.6 million, compared to $88.6 million in second quarter 2020

GAAP diluted net income of $0.21 per share, compared to $0.23 per share in second quarter 2020

Non-GAAP diluted net income of $0.30 per share, compared to $0.32 per share in second quarter 2020

Cash and investments of $471.6 million, compared to $454.8 million at March 31, 2021

Total Revenue
$91.6M
Previous year: $88.6M
+3.4%
EPS
$0.3
Previous year: $0.32
-6.3%
Gross Profit
$90.2M
Previous year: $87.3M
+3.3%
Cash and Equivalents
$472M
Previous year: $410M
+15.1%
Free Cash Flow
$44.2M
Previous year: $53.1M
-16.8%
Total Assets
$568M
Previous year: $498M
+14.2%

Corcept Therapeutics

Corcept Therapeutics

Forward Guidance

The company reiterated its 2021 revenue guidance of $355 – $385 million.