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Sep 30, 2024

Amicus Therapeutics Q3 2024 Earnings Report

Amicus Therapeutics reported Q3 2024 results with total revenue of $141.5M, a 37% increase year-over-year and raised 2024 total revenue growth guidance to 30%-32% at CER.

Key Takeaways

Amicus Therapeutics announced strong Q3 2024 results, driven by excellent commercial performance of Galafold and Pombiliti + Opfolda, exceeding expectations and achieving non-GAAP profitability for the full year 2024.

Total revenue reached $141.5M, a 37% increase year-over-year.

Galafold revenue was $120.4M, up 20% year-over-year.

Pombiliti + Opfolda revenue reached $21.1M, up 33% from Q2 2024.

2024 total revenue growth guidance raised to 30%-32% at CER.

Total Revenue
$142M
Previous year: $104M
+36.7%
EPS
$0.1
Previous year: -$0.07
-242.9%
Gross Profit
$128M
Previous year: $93.6M
+37.1%
Cash and Equivalents
$250M
Previous year: $280M
-10.9%
Free Cash Flow
-$23.3M
Previous year: -$39.9M
-41.6%
Total Assets
$787M
Previous year: $764M
+2.9%

Amicus Therapeutics

Amicus Therapeutics

Amicus Therapeutics Revenue by Segment

Forward Guidance

Amicus is focused on key strategic priorities in 2024 and is raising 2024 Total Revenue Growth Guidance to 30%-32% at CER, also reducing non-GAAP Operating Expense Guidance to $340M to $350M.