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Dec 31, 2022

PTC Therapeutics Q4 2022 Earnings Report

PTC Therapeutics reported financial results for Q4 2022 and full year ending December 31, 2022.

Key Takeaways

PTC Therapeutics reported total revenues of $167.4 million for the fourth quarter of 2022, compared to $165.2 million for the fourth quarter of 2021. The company's total revenues for the full year 2022 were $698.8 million, compared to $538.6 million for the full year 2021. PTC anticipates total revenues for the full year 2023 to be between $940 million and $1.0 billion.

Total revenues were $167.4 million for the fourth quarter of 2022.

Net product revenue across the commercial portfolio was $127.5 million for the fourth quarter of 2022.

GAAP R&D expenses were $188.7 million for the fourth quarter of 2022.

Net loss was $170.9 million for the fourth quarter of 2022.

Total Revenue
$167M
Previous year: $165M
+1.3%
EPS
-$1.89
Previous year: -$2.03
-6.9%
R&D Expenses
$189M
Previous year: $150M
+25.9%
SG&A Expenses
$92.7M
Previous year: $86.5M
+7.1%
Cash, cash equivalents
$411M
Previous year: $773M
-46.9%
Gross Profit
$157M
Previous year: $156M
+0.4%
Cash and Equivalents
$411M
Previous year: $773M
-46.9%
Free Cash Flow
-$175M
Previous year: -$77.6M
+125.1%
Total Assets
$1.71B
Previous year: $1.94B
-12.0%

PTC Therapeutics

PTC Therapeutics

PTC Therapeutics Revenue by Segment

Forward Guidance

PTC anticipates total revenues for the full year 2023 to be between $940 million and $1.0 billion.

Revenue & Expenses

Visualization of income flow from segment revenue to net income