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Jun 30, 2022

Corcept Therapeutics Q2 2022 Earnings Report

Announced second quarter financial results and provided corporate update.

Key Takeaways

Corcept Therapeutics reported Q2 2022 revenue of $103.4 million, a net income of $27.4 million, and a diluted net income per common share of $0.24. The company reiterated its 2022 revenue guidance of $400 - $430 million. Cash and investments increased to $382.0 million.

Revenue of $103.4 million, compared to $91.6 million in second quarter 2021

Reiterated 2022 revenue guidance of $400 – $430 million

Diluted net income per common share of $0.24, compared to $0.21 in second quarter 2021

Cash and investments of $382.0 million, compared to $368.1 million at March 31, 2022

Total Revenue
$103M
Previous year: $91.6M
+12.9%
EPS
$0.24
Previous year: $0.3
-20.0%
Gross Profit
$102M
Previous year: $90.2M
+13.2%
Cash and Equivalents
$382M
Previous year: $472M
-19.0%
Free Cash Flow
$18M
Previous year: $44.2M
-59.2%
Total Assets
$496M
Previous year: $568M
-12.7%

Corcept Therapeutics

Corcept Therapeutics

Corcept Therapeutics Revenue by Segment

Forward Guidance

Corcept Therapeutics reiterated its 2022 revenue guidance of $400 – $430 million.