•
Jun 30, 2023

Amicus Therapeutics Q2 2023 Earnings Report

Amicus Therapeutics reported strong growth of Galafold and regulatory approval of Pombiliti and Opfolda in the EU.

Key Takeaways

Amicus Therapeutics announced positive financial results for Q2 2023, with significant progress in Galafold growth and regulatory approvals for Pombiliti and Opfolda in the EU. The company revised its revenue guidance upwards and reduced operating expense guidance, supporting its path to non-GAAP profitability.

Galafold experienced strong growth.

Pombiliti and Opfolda received regulatory approval in the EU.

Revenue guidance was revised upwards.

Operating expense guidance was reduced.

Total Revenue
$94.5M
Previous year: $80.7M
+17.1%
EPS
-$0.15
Previous year: -$0.21
-28.6%
Gross Profit
$85.4M
Previous year: $72.5M
+17.7%
Cash and Equivalents
$211M
Previous year: $236M
-10.3%
Free Cash Flow
-$18.3M
Previous year: -$16.2M
+13.1%
Total Assets
$730M
Previous year: $801M
-8.8%

Amicus Therapeutics

Amicus Therapeutics

Forward Guidance

Amicus Therapeutics is focused on key strategic priorities in 2023, including Galafold revenue growth and non-GAAP profitability.