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Sep 30, 2021

Amicus Therapeutics Q3 2021 Earnings Report

Announced third quarter 2021 financial results and corporate updates.

Key Takeaways

Amicus Therapeutics announced its Q3 2021 financial results, featuring an 18% increase in total Galafold revenue compared to Q3 2020. The company is on track to complete the business combination of its gene therapy business with ARYA IV, resulting in the launch of Caritas Therapeutics.

Total Galafold revenue reached $79.5 million, marking an 18% increase compared to Q3 2020.

The company is reiterating its 2021 revenue guidance of $300 million to $315 million.

The FDA accepted the AT-GAA BLA and NDA for Pompe disease for review, and marketing authorization applications were submitted to the European Medicines Agency.

Amicus is on track to complete the planned business combination of its gene therapy business with ARYA IV, leading to the launch of Caritas Therapeutics in late 2021 or early 2022.

Total Revenue
$79.5M
Previous year: $67.4M
+18.0%
EPS
-$0.19
Previous year: -$0.22
-13.6%
Gross Profit
$67.8M
Previous year: $59M
+14.9%
Cash and Equivalents
$386M
Previous year: $211M
+83.2%
Free Cash Flow
-$24.6M
Previous year: -$42.3M
-41.9%
Total Assets
$957M
Previous year: $901M
+6.2%

Amicus Therapeutics

Amicus Therapeutics

Amicus Therapeutics Revenue by Segment

Forward Guidance

Amicus Therapeutics is reiterating its 2021 revenue guidance of $300M-$315M