WARREN, N.J., May 29, 2024 /PRNewswire/ -- PTC Therapeutics, Inc. (NASDAQ: PTCT) today announced that the company will present a company overview at the following conference: William Blair's 44th Annual Growth Stock Conference Tuesday, June 4, at 9:00 am ET / 8:00 am CT The presentation will be webcast live on the Events and Presentations page under the Investor section of PTC Therapeutics' website at https://ir.ptcbio.com/events-presentations and will be archived for 30 days following the presentation. It ...

- Review of European marketing application for PKU now initiated - WARREN, N.J., May 28, 2024 /PRNewswire/ -- PTC Therapeutics, Inc. (NASDAQ: PTCT) announced today that the sepiapterin MAA for PKU has been validated and accepted for review by the EMA. "The validation of the MAA is an important step towards making sepiapterin available to children and adults affected by PKU in Europe," said Matthew B. Klein, M.D., Chief Executive Officer of PTC Therapeutics. "The European submission is the first of several g ...

PTC Inc (PTC) is continuing its upward trajectory, with a gain of 41% in the past year compared with the S&P 500 composite and sub-industry's growth of 29.2% and 35.7%, respectively. PTC is a software provider offering a comprehensive portfolio of software including computer-aided design (CAD) and product lifecycle management (PLM) solutions. The company's software can be delivered on- premises, in the cloud or in a hybrid model. Solid financial performance has been driving a good run on the trading front. ...

WARREN, N.J., May 20, 2024 /PRNewswire/ -- PTC Therapeutics, Inc. (NASDAQ: PTCT) announced today that the European Commission (EC) has decided not to adopt the CHMP's negative opinion of January 24, 2024 on the annual renewal of the conditional marketing authorization of Translarna™ (ataluren) and has returned the opinion to the CHMP for re-evaluation. As a result, Translarna remains on the market and available for patients in Europe consistent with its current marketing authorization. The EC has asked the ...

The industrial software company's recent results gave investors confidence in it hitting its full-year guidance.Industrial software company PTC's (PTC) stock has dipped recently, and investors, initially at least, reacted negatively to the company's fiscal second-quarter earnings, which it released at the start of May. Is the trend likely to continue, or is now an excellent time to pick up stock in an exciting growth company?PTC's recent big newsInvestors usually pencil in assumptions for medium-term growth ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_ to_ Commission File Number: 0-18059 Securities registered pursuant to Section 12(b) of the Act: PTC Inc. | Title of each class | Trading symbol(s) | Name of each exchan ...

PTC Inc. (PTC) reported second-quarter fiscal 2024 non-GAAP earnings per share (EPS) of $1.46, up 26% on a year-over-year basis. Also, the figure surpassed the Zacks Consensus Estimate by 18.7%.Revenues came in at $603 million, up 11% year over year (up 11% at constant currency or cc). The top line beat the Zacks Consensus Estimate by 4.8%.The year-over-year improvement in the top line was driven by steady demand for its computer-aided design (CAD) and product lifecycle management (PLM).Top Line in DetailRe ...

Financial Data and Key Metrics Changes - At the end of Q2, the constant currency ARR was $2.075 billion, up 12% year-over-year, exceeding guidance [12] - Operating cash flow was $251 million and free cash flow was $247 million, both up 19% year-over-year [102] - The company expects to end the year with gross debt of approximately $1.7 billion after paying down $256 million in Q2 [104] Business Line Data and Key Metrics Changes - In CAD, constant currency ARR growth was 11%, primarily driven by Creo [13] - In PLM, constant currency ARR growth was 13%, primarily driven by Windchill [13] - ServiceMax, acquired in Q2 of fiscal '23, is now included in organic ARR results, contributing to overall growth [12] Market Data and Key Metrics Changes - Organic ARR growth was solid across the Americas, Europe, and APAC, with growth in the low to mid double digits [103] - The company noted that the overall demand environment has been sluggish for several quarters, yet top-line resilience was observed [13] Company Strategy and Development Direction - The company is rebalancing resources in R&D to focus more on PLM, ALM, and SLM growth rather than standalone IoT and AR applications [4] - The five focus areas include PLM (Windchill), ALM (Codebeamer), SLM (ServiceMax), CAD (Creo), and SaaS [93] - The company aims to maintain a low cash balance while returning approximately 50% of free cash flow to shareholders via share repurchases in the future [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving cash flow targets despite a challenging selling environment [87] - The mid-term ARR growth target has been updated to low double digits, reflecting current market conditions [92] - Management emphasized the importance of digital transformation for customers and the necessity of advanced PLM systems [6] Other Important Information - The company is focusing on operational improvements and innovative ways to drive efficiency [10] - The diluted share count is expected to increase by approximately 1.5 million shares in fiscal '24, up from a previous expectation of 1 million shares [15] - The company is pausing share repurchases to focus on debt reduction following strategic acquisitions [14] Q&A Session Summary Question: Update on mid-term ARR growth outlook - The company updated its constant currency ARR guidance to 11% to 13% for the year, reflecting a more stable outlook [28] Question: Comments on capital deployment strategy and inorganic growth - Management indicated that while they are focused on organic growth, they remain open to tuck-in acquisitions if they align with strategic priorities [32] Question: Confidence in free cash flow targets amidst ARR changes - Management expressed confidence in hitting free cash flow targets despite changes in ARR expectations [34] Question: Insights on the selling environment and industry verticals - Management noted that the selling environment remains challenging, particularly for larger deals, but they are optimistic about their positioning in key verticals [123][125] Question: Integration of products and impact on business variability - Management highlighted the importance of integrating products across the portfolio to enhance customer retention and reduce business variability [134]

CAD SaaS Converting our installed base Growth primarily driven by Windchill Americas Europe APAC | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|---------------|---------------|-------|-------|-------|-------------|-----------|-------|-------|------------|-------------| | $929 | $929 | $1,029 \n+11% | $1,029 \n+11% | $667 | $654 | | $758 \n+14% | $744 +14% | $286 | $267 | $302 \n+6% | $302 \n+13% | | | Q2'23 | | Q2'24 | | Q2'23 | | Q2'24 | | | Q2'23 | Q2'24 | ...

PTC Inc. (PTC) reported $603.07 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 11.2%. EPS of $1.46 for the same period compares to $1.16 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $575.53 million, representing a surprise of +4.79%. The company delivered an EPS surprise of +18.70%, with the consensus EPS estimate being $1.23.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...