On May 2, BioMarin Pharmaceutical
- Revenues increased 65.3%, driven by the rise in sales of Naglazyme. BioMarin's other drug, Aldurazyme, marketed by Genzyme
(NASDAQ:GENZ) , also turned in solid growth. - BioMarin's most advanced clinical drug, Kuvan, is rapidly approaching a potential launch for the treatment of phenylketonuria. The company is filing for FDA approval later this quarter, which means the drug could be on the market by this time next year.
- For fiscal 2007, Biomarin estimates net sales of Naglazyme to be around $76 million to $82 million and Aldurazyme to be around $115 million to $125 million. The net loss guidance for the fiscal year is $18 million to $23 million.
- See "BioMarin Moves Ahead" for one Fool's take on BioMarin's earnings release.
(Figures in thousands, except per-share data.)
Income Statement Highlights
Q1 2007 |
Q1 2006 |
Change |
|
---|---|---|---|
Sales |
$22,838 |
$13,812 |
65.3% |
Net Profit |
($9,293) |
($9,780) |
N/A |
EPS |
($0.10) |
($0.13) |
N/A |
Diluted Shares |
94,557 |
74,963 |
26.1% |
Get back to basics with the income statement.
Margin Checkup
Q1 2007 |
Q1 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
82% |
87.5% |
(5.6) |
Operating Margin |
(73.6%) |
(82.9%) |
9.3 |
Net Margin |
(40.7%) |
(70.8%) |
30.1 |
Margins are the earnings engine.
Balance Sheet Highlights
Assets |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Cash + ST Invest. |
$273,307 |
$375,500 |
(21.4%) |
Accounts Rec. |
$14,525 |
$7,493 |
93.8% |
Inventory |
$27,438 |
$18,137 |
51.3% |
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Accounts Payable* |
$24,889 |
$19,946 |
24.8% |
Long-Term Debt |
$172,500 |
$297,500 |
(42%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
A statement of cash flows was not provided.Free cash flow is a Fool's best friend.
Related Foolishness:
Got something to say about BioMarin? Bring it to Motley Fool CAPS, the Fool's fun, free stock-rating service.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.