Sep 30, 2021

Ultragenyx Q3 2021 Earnings Report

Reported third quarter results with total revenue of $81.6 million, including Crysvita revenue of $50.3 million.

Key Takeaways

Ultragenyx reported third quarter 2021 financial results, with total revenue of $81.6 million. Crysvita revenue in Ultragenyx territories increased 35% compared to the third quarter of 2020. The company is preparing to initiate four additional studies across multiple modalities.

Crysvita revenue in Ultragenyx territories increased 35% versus the third quarter 2020.

Dojolvi revenue grew 176% versus the third quarter of 2020.

The U.S. FDA removed the clinical hold, allowing GeneTx to begin dosing naïve pediatric patients in the Phase 1/2 study of GTX-102 in patients with Angelman syndrome.

Multiple patients with Wilson disease have been successfully screened and are enrolled in the baseline monitoring period prior to dosing in the seamless Phase 1/2/3 study.

Total Revenue
$81.6M
Previous year: $81.5M
+0.2%
EPS
-$1.08
Previous year: -$1.13
-4.4%
Total Operating Expenses
$171M
Previous year: $132M
+30.1%
Gross Profit
$81.6M
Previous year: $81.5M
+0.2%
Cash and Equivalents
$941M
Previous year: $766M
+23.0%
Free Cash Flow
-$80.2M
Previous year: -$65.7M
+22.0%
Total Assets
$1.48B
Previous year: $1.27B
+17.1%

Ultragenyx

Ultragenyx

Ultragenyx Revenue by Segment

Forward Guidance

The company expects 2021 Crysvita revenue to be towards the upper end of the guidance range of $180 million to $190 million. Total operating expenses are expected to increase modestly.

Revenue & Expenses

Visualization of income flow from segment revenue to net income