Dec 31, 2021

Journey Medical Q4 2021 Earnings Report

Reported full-year 2021 financial results and recent corporate highlights.

Key Takeaways

Journey Medical reported record net product revenues of $63.1 million for the full year 2021 and completed its initial public offering, raising $30.6 million in net proceeds.

Generated record net product revenues of $63.1 million for the full year 2021.

Completed initial public offering of common stock and raised $30.6 million in net proceeds.

Dosed first patient in Phase 3 clinical program evaluating DFD-29 for the treatment of papulopustular rosacea.

Expanded dermatologic footprint to include nine marketed dermatology products and have pivotal Phase 3 clinical program underway for DFD-29.

Total Revenue
$17.5M
Previous year: $13.7M
+27.6%
EPS
-$0.93
Previous year: $0.28
-432.1%
Gross Profit
$7.99M
Previous year: $9.44M
-15.4%
Cash and Equivalents
$49.1M
Previous year: $8.25M
+495.2%
Total Assets
$97.3M
Previous year: $51.9M
+87.4%

Journey Medical

Journey Medical

Forward Guidance

Journey Medical is well-positioned for continued growth in 2022 and beyond due to a strong financial foundation, a seasoned dermatology sales force and leadership team, and a strategic development pipeline.