Exelixis Q3 2021 Earnings Report
Key Takeaways
Exelixis reported total revenues of $328.4 million for the quarter ended September 30, 2021, compared to $231.1 million for the comparable period in 2020. GAAP diluted EPS was $0.12 and non-GAAP diluted EPS was $0.20.
Total revenues for the quarter ended September 30, 2021 were $328.4 million.
Net product revenues were $263.1 million.
GAAP net income for the quarter ended September 30, 2021 was $38.2 million, or $0.12 per share, basic and diluted.
Non-GAAP net income for the quarter ended September 30, 2021 was $64.5 million, or $0.20 per share, basic and diluted.
Exelixis
Exelixis
Exelixis Revenue by Segment
Forward Guidance
Exelixis is providing the following updated financial guidance for fiscal year 2021: Total revenues (1)$1,300 million - $1,350 millionNet product revenues (1)$1,050 million - $1,100 millionCost of goods soldApproximately 5% - 6% of net product revenuesResearch and development expenses (1)(2)$650 million - $675 millionSelling, general and administrative expenses (1)(3)$400 million - $425 millionEffective tax rate20% - 22%Cash and investments (1)(4)(5)Approximately $1.8 billion
Revenue & Expenses
Visualization of income flow from segment revenue to net income