Second Quarter 2023 Earnings
Full Year 2023 Guidance
9
(In millions, except per share and percentage data)
Enzyme Products Revenue¹
ROCTAVIAN Revenue
VOXZOGO Revenue
Total Revenues
Gross Margin %
GAAP Diluted EPS
Prior Guidance
As of April 26, 2023
$1,700
$1,850
$50 - $150
$380 - $430
$2,375 - $2,500
77.5% -79%
Current Guidance
As of July 31, 2023
Unchanged
Unchanged
$400 - $440
Unchanged
Unchanged
Unchanged
35.5% -37.5%
$165 - $215
$0.83 - $1.08
R&D % of Revenue
30% -32%
SG&A % of Revenue
36% -38%
GAAP Net Income
$155 - $205
$0.78 - $1.03
Non-GAAP Net Income
$360 - $410
Non-GAAP Diluted EPS2
$1.80 - $2.05
$1.85 - $2.10
1
Enzyme Products include ALDURAZYME®, VIMIZIMⓇ, NAGLAZYME®, BRINEURAⓇ, and PALYNZIQⓇ.
2
2023 GAAP and Non-GAAP Diluted EPS guidance assumes ~200 million shares.
BIOMARIN
$370 - $420View entire presentation