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Jun 30, 2021

Jazz Pharmaceuticals Q2 2021 Earnings Report

Announced second quarter 2021 financial results and closed GW Pharmaceuticals plc Acquisition.

Key Takeaways

Jazz Pharmaceuticals announced a 34% increase in total revenues to $751.8 million compared to the second quarter of 2020. The company reaffirmed its 2021 total revenue guidance at $3.02 billion to $3.18 billion.

Closed GW Pharmaceuticals plc Acquisition, Creating an Innovative, High-Growth, Global Biopharma Leader

41% of Net Product Sales from Recently Launched or Acquired Products

Strong Xywavâ„¢ Adoption with 5,100 Active Patients Exiting the Second Quarter

FDA Approval and Launch of Rylazeâ„¢ in the U.S.

Total Revenue
$752M
Previous year: $562M
+33.7%
EPS
$3.9
Previous year: $3.71
+5.1%
Gross Margin
84.1%
Previous year: 95%
-11.5%
Gross Profit
$633M
Previous year: $534M
+18.4%
Cash and Equivalents
$891M
Previous year: $786M
+13.4%
Free Cash Flow
$327M
Previous year: $180M
+81.7%
Total Assets
$13.2B
Previous year: $6.07B
+117.8%

Jazz Pharmaceuticals

Jazz Pharmaceuticals

Jazz Pharmaceuticals Revenue by Segment

Forward Guidance

Jazz Pharmaceuticals is reaffirming its previously communicated full year 2021 non-GAAP financial guidance and updating its 2021 GAAP guidance. This guidance reflects the Company's current and future expected operational performance, including COVID-19 related impacts, the strength of its underlying operations and the prioritization of new and ongoing value creating development projects.