Jun 30, 2024

Journey Medical Q2 2024 Earnings Report

Reported a revenue increase and positive Adjusted EBITDA.

Key Takeaways

Journey Medical reported a 14% sequential increase in total net product revenue, reaching $14.9 million, and positive Adjusted EBITDA for the second quarter of 2024. The company is focused on its core dermatology franchise and the upcoming launch of DFD-29.

Total revenues for Q2 2024 were $14.9 million, a 14% increase from Q1 2024.

The company delivered positive Adjusted EBITDA.

Journey Medical is preparing for the DFD-29 PDUFA date.

Joseph M. Benesch was appointed as permanent Chief Financial Officer and Michael C. Pearce joined the Board of Directors.

Total Revenue
$14.9M
Previous year: $17.2M
-13.5%
EPS
-$0.17
Previous year: -$0.46
-63.0%
Gross Profit
$8.31M
Previous year: $9.41M
-11.6%
Cash and Equivalents
$23.9M
Previous year: $8.23M
+190.5%
Total Assets
$65.2M
Previous year: $69.7M
-6.5%

Journey Medical

Journey Medical

Forward Guidance

Journey Medical anticipates a productive second half of 2024 with additional business progress and continued financial performance.