The chart below shows how AUPH performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AUPH sees a +8.86% change in stock price 10 days leading up to the earnings, and a -0.55% change 10 days following the report. On the earnings day itself, the stock moves by -4.55%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Q4 Revenue Surge: Total revenue for Q4 2024 was $59.9 million, a 33% increase from Q4 2023, indicating strong growth.
Total Revenue Increase: Full-year 2024 total revenue reached $235.1 million, up 34% from 2023, showcasing overall business expansion.
LUPKYNIS Sales Surge: Net product sales of LUPKYNIS for Q4 2024 were $57.6 million, a 36% increase compared to Q4 2023, reflecting successful market penetration.
LUPKYNIS Sales Surge: For the full year 2024, net product sales of LUPKYNIS were $216.2 million, up 36% from 2023, demonstrating consistent demand.
Operational Efficiency Improvement: Cash flow from operations for Q4 2024 was $30.1 million, compared to $14.3 million in Q4 2023, highlighting improved operational efficiency.
Cash Flow Improvement: For the full year 2024, cash flow from operations was $44.4 million, a significant turnaround from cash used in operations in 2023.
Strong Financial Position: The company ended 2024 with $358.5 million in cash and investments, providing a strong financial position for future growth.
Strategic Business Expansion: Aurinia's strategic focus on expanding its business at academic medical centers and targeting key prescriber segments is expected to drive future growth.
LUPKYNIS Sales Impact: The anticipated new ACR lupus nephritis treatment guidelines are expected to positively impact LUPKYNIS sales this year.
AUR200 Development Progress: The company is advancing the development of AUR200, with initial results from a Phase 1 study expected in Q2 2025, indicating ongoing innovation.
Negative
Operating Expenses Decrease: Total operating expenses for Q4 2024 were $61.5 million, which is a decrease from $74.8 million in Q4 2023, but still reflects significant costs associated with strategic restructuring efforts.
Gross Margin Decline: The gross margin for the full year 2024 was 88%, down from 92% in 2023, indicating a decline in profitability despite increased sales.
Net Income Improvement: The company reported a net income of only $1.4 million for Q4 2024, which is a modest improvement from a net loss of $26.9 million in Q4 2023, suggesting ongoing financial challenges.
Rising Operational Costs: The increase in cost of revenue for the full year 2024 to $28.2 million from $14.1 million in 2023 is concerning, as it indicates rising operational costs that could impact future profitability.
Program Development Challenges: The company ceased development of the AUR300 program, which may indicate challenges in their pipeline and a reliance on fewer products for growth.
Aurinia Pharmaceuticals Inc. (AUPH) Q4 2024 Earnings Call Transcript
AUPH.O
-1.69%