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Sep 30, 2020

Incyte Q3 2020 Earnings Report

Incyte reported a robust third quarter, marked by strong performance across Jakafi indications, successful U.S. launches of Monjuvi and Pemazyre, and increased royalty revenues from partnered medicines.

Key Takeaways

Incyte reported strong Q3 2020 financial results, driven by Jakafi sales, successful launches of Monjuvi and Pemazyre, and increasing royalty revenues. The company is also advancing its dermatology franchise and key clinical programs.

Reported strong quarter with continued strength across all Jakafi indications.

Experienced good momentum behind the U.S. launches of both Monjuvi and Pemazyre.

Observed increasing royalty contributions from partnered medicines globally.

Established Incyte Dermatology as a new franchise for Incyte in the U.S.

Total Revenue
$621M
Previous year: $552M
+12.5%
EPS
$0.23
Previous year: $0.82
-72.0%
Gross Profit
$449M
Previous year: $522M
-13.8%
Cash and Equivalents
$1.7B
Previous year: $1.7B
-0.1%
Total Assets
$3.31B
Previous year: $3.21B
+2.9%

Incyte

Incyte

Incyte Revenue by Segment

Incyte Revenue by Geographic Location

Forward Guidance

Incyte has tightened its full year 2020 guidance for Jakafi net product revenues.