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Dec 31, 2024
Krystal Biotech Q4 2024 Earnings Report
Krystal Biotech reported strong revenue growth and profitability in Q4 2024.
Key Takeaways
Krystal Biotech posted a significant increase in Q4 2024 revenue, reaching $91.1 million, a 116% year-over-year growth. The company's net income also surged to $45.5 million, reflecting strong operational performance. Gross margin remained high at 95%, and the company closed the quarter with a robust cash and investment position of $749.6 million.
Revenue increased 116% year-over-year to $91.1 million.
Net income reached $45.5 million, significantly up from Q4 2023.
Gross margin remained strong at 95%.
Cash and investments totaled $749.6 million at quarter-end.
Forward Guidance
Krystal Biotech is focused on executing a global launch for VYJUVEK and advancing its genetic medicine pipeline. Regulatory decisions in Europe and Japan are expected in 2025, along with key clinical milestones in its ophthalmology, respiratory, and oncology programs.
Positive Outlook
- Anticipates European regulatory decision on VYJUVEK in Q1 2025.
- Japan regulatory review is on track for a decision in 2H 2025.
- Strong financial position supports pipeline expansion.
- Continued high patient compliance at 85%.
- Expansion of reimbursement approvals in the U.S.
Challenges Ahead
- Regulatory approval timelines remain uncertain.
- Expansion costs could pressure operating margins.
- R&D and SG&A expenses projected to rise in FY 2025.
- Market competition may impact VYJUVEK's adoption.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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