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Sep 30, 2023

Amicus Therapeutics Q3 2023 Earnings Report

Amicus Therapeutics announced third quarter 2023 financial results, with total revenue of $103.5M, a 27% increase year-over-year and 22% at CER. GalafoldĀ® quarterly revenue surpassed $100M for the first time, and Pombilitiā„¢ + Opfoldaā„¢ were approved and launched in the U.S., EU and U.K.

Key Takeaways

Amicus Therapeutics had a monumental quarter with the U.S. and U.K. approvals of Pombiliti and Opfolda, the global launches of Pombiliti and Opfolda, and the continued strong growth of Galafold worldwide. The company is on track to achieve all of its annual strategic priorities, including non-GAAP profitability in the fourth quarter.

Total Revenue of $103.5M, a 27% Increase Year-Over-Year and 22% at CER

GalafoldĀ® Quarterly Revenue Surpasses $100M for the First Time

Increasing FY 2023 GalafoldĀ® Revenue Growth Guidance to 16%-18% at CER

Pombilitiā„¢ + Opfoldaā„¢ Approved and Launched in the U.S., EU and U.K.

Total Revenue
$104M
Previous year: $81.7M
+26.7%
EPS
-$0.07
Previous year: -$0.12
-41.7%
Gross Profit
$93.6M
Previous year: $68.3M
+37.1%
Cash and Equivalents
$280M
Previous year: $278M
+1.0%
Free Cash Flow
-$39.9M
Previous year: -$11.5M
+247.4%
Total Assets
$764M
Previous year: $760M
+0.6%

Amicus Therapeutics

Amicus Therapeutics

Amicus Therapeutics Revenue by Segment

Forward Guidance

Amicus is focused on the following five key strategic priorities in 2023