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Jun 30, 2024

Amicus Therapeutics Q2 2024 Earnings Report

Amicus Therapeutics reported strong revenue growth and achieved non-GAAP profitability.

Key Takeaways

Amicus Therapeutics announced Q2 2024 financial results, reporting a total revenue of $126.7 million, a 34% increase year-over-year. The company achieved non-GAAP profitability in Q2 and H1 2024 and raised its 2024 total revenue growth guidance to 26%-31% at CER.

Total revenue for Q2 2024 reached $126.7 million, a 34% increase year-over-year.

Galafold revenue in Q2 2024 was $110.8 million, up 17% year-over-year.

Pombiliti + Opfolda revenue in Q2 2024 totaled $15.9 million, up 44% from Q1 2024.

The company raised its 2024 total revenue growth guidance to 26%-31% at CER.

Total Revenue
$127M
Previous year: $94.5M
+34.0%
EPS
$0.06
Previous year: -$0.15
-140.0%
Gross Profit
$113M
Previous year: $85.4M
+32.6%
Cash and Equivalents
$260M
Previous year: $211M
+23.1%
Free Cash Flow
$21.6M
Previous year: -$18.3M
-217.8%
Total Assets
$749M
Previous year: $730M
+2.7%

Amicus Therapeutics

Amicus Therapeutics

Amicus Therapeutics Revenue by Segment

Forward Guidance

Amicus Therapeutics raised 2024 Total Revenue Growth Guidance to 26%-31% at CER and narrowed non-GAAP Operating Expense Guidance to $345M to $360M.