earnings
confidence high
sentiment positive
materiality 0.80
Vertex reports Q4 2021 product revenue $2.07B (+27% YoY); guides 2022 revenue $8.4-$8.6B
VERTEX PHARMACEUTICALS INC / MA
2021-FY EPS reported
$9.01
revenue$7,574,400,000
- Full-year 2021 product revenue $7.57B (+22% YoY); GAAP diluted EPS $9.01, Non-GAAP $13.02.
- Q4 2021 GAAP net income $770M ($3.00 diluted EPS); Non-GAAP $866M ($3.37).
- FY 2022 product revenue guidance $8.4-$8.6B; combined Non-GAAP R&D+SG&A $2.70-$2.75B.
- KAFTRIO approved in EU/UK for CF children 6-11; new reimbursement agreements in Spain and Netherlands.
- Pipeline: VX-147 AMKD Phase 2 POC met; VX-880 T1D Day 150 data shows insulin reduction; CTX001 enrollment complete.