Sep 30, 2024

Journey Medical Q3 2024 Earnings Report

Announced third quarter 2024 financial results with revenue of $14.6 million and highlighted the FDA approval of Emrosi™ for rosacea treatment.

Key Takeaways

Journey Medical reported solid third quarter 2024 results with total revenues of $14.6 million and highlighted the FDA approval of Emrosi™ for the treatment of inflammatory lesions of rosacea in adults, with launch expected in late Q1 or early Q2 of 2025.

U.S. FDA approved Emrosi™ (Minocycline Hydrochloride Extended Release Capsules, 40 mg) for the treatment of inflammatory lesions of rosacea in adults.

The launch of Emrosi is expected in late Q1 or early Q2 of 2025.

Total revenues for the third quarter ended September 30, 2024, were $14.6 million.

The company is completing manufacturing activities and deploying its sales force to enable patient access to Emrosi.

Total Revenue
$14.6M
Previous year: $34.5M
-57.6%
EPS
-$0.12
Previous year: $0.8
-115.0%
Gross Profit
$9.34M
Previous year: $28.1M
-66.8%
Cash and Equivalents
$22.5M
Previous year: $24.7M
-9.2%
Free Cash Flow
-$1.16M
Previous year: $18.7M
-106.2%
Total Assets
$64M
Previous year: $65.9M
-2.8%

Journey Medical

Journey Medical

Forward Guidance

The company anticipates continued growth with the expected launch of Emrosi in late first quarter or early second quarter of 2025.