Sep 30, 2020

Ultragenyx Q3 2020 Earnings Report

Reported financial results for the quarter ended September 30, 2020 and updated its full year 2020 guidance.

Key Takeaways

Ultragenyx reported Q3 2020 total revenue of $81.5 million, driven by Crysvita revenue of $37.3 million. The company has increased the lower end of Crysvita guidance range; updated full year range is $130 million to $140 million. Dojolvi launch is off to a strong start.

Crysvita continues to deliver meaningful revenue growth.

Dojolvi launch off to a strong start.

Angelman program with GeneTx read out very promising, early data.

Strategic collaboration with Solid Biosciences adds an important potential Duchenne therapy to preclinical pipeline.

Total Revenue
$81.5M
Previous year: $25.8M
+215.8%
EPS
-$1.13
Previous year: -$1.96
-42.3%
Total Operating Expenses
$132M
Previous year: $144M
-8.4%
Gross Profit
$81.5M
Cash and Equivalents
$766M
Free Cash Flow
-$65.7M
Total Assets
$1.27B

Ultragenyx

Ultragenyx

Ultragenyx Revenue by Segment

Forward Guidance

The lower end of the range for 2020 Crysvita revenue in Ultragenyx territories1 has been increased to $130.0 million from $125.0 million. The updated guidance range is $130.0 million to $140.0 million.

Revenue & Expenses

Visualization of income flow from segment revenue to net income