Overview
Aurinia Q3 total revenue rises 8% yr/yr, driven by LUPKYNIS sales growth
Net income for Q3 more than doubles yr/yr, reflecting strong financial performance
Outlook
Aurinia raises 2025 revenue guidance to $275 mln-$280 mln
Company increases 2025 net product sales guidance to $265 mln-$270 mln
Result Drivers
LUPKYNIS SALES GROWTH - Sales increased 27% in Q3, driven by updated lupus nephritis treatment guidelines recommending LUPKYNIS as first-line therapy
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Product Revenue
$70.62 mln
Q3 Net Income
$31.55 mln
Q3 Operating Expenses
$43.72 mln
Q3 Operating Income
$29.74 mln
Q3 Pretax Profit
$31.96 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the pharmaceuticals peer group is "buy"
Wall Street's median 12-month price target for Aurinia Pharmaceuticals Inc is $11.00, about 19.7% below its November 3 closing price of $13.17
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 13 three months ago
Press Release: ID:nBwc78YwYa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)