earnings
confidence high
sentiment positive
materiality 0.80
BioMarin Q3 revenue up 24% YoY to $505M; VOXZOGO guidance raised to $140-170M
BIOMARIN PHARMACEUTICAL INC
2022-Q3 EPS reported
$0.75
revenue$1,558,501,000
- Total revenues $505.3M (+24% YoY); GAAP net loss narrowed to $6.7M from $36.5M; Non-GAAP income $82.7M.
- VOXZOGO net product revenue $48.3M, with 713 children treated; full-year guidance raised to $140-170M.
- ROCTAVIAN BLA accepted by FDA, PDUFA March 31, 2023; EU commercial launch underway after August 2022 approval.
- KUVAN revenue fell 16% QoQ and 20% YTD due to U.S. generic competition, as expected.
- Full-year total revenue guidance reaffirmed at $2.06-2.16B; R&D and SG&A guidance ranges revised modestly.