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Dec 31, 2023

Marinus Pharmaceuticals Q4 2023 Earnings Report

Marinus Pharmaceuticals reported Q4 2023 financial results and provided a business update.

Key Takeaways

Marinus Pharmaceuticals reported ZTALMY net product revenue of $6.6 million for Q4 2023 and expects full year 2024 U.S. ZTALMY net product revenues of between $32 and $34 million. The company's cash runway is projected into Q4 2024, with cash, cash equivalents, and short-term investments of $150.3 million as of December 31, 2023.

Phase 3 RAISE trial interim analysis enrollment target achieved; topline results expected in the first half of Q2 2024.

Phase 3 TrustTSC trial approximately 85% enrolled; topline data now expected in the first half of Q4 2024.

ZTALMY net product revenue reached $6.6 million for Q4 2023 and $19.6 million for the full year.

Cash runway projected into Q4 2024 with $150.3 million in cash, cash equivalents, and short-term investments as of December 31, 2023.

Total Revenue
$7.19M
Previous year: $7.16M
+0.4%
EPS
-$0.74
Previous year: -$0.76
-2.6%
Gross Profit
$6.18M
Previous year: $6.87M
-10.1%
Cash and Equivalents
$121M
Previous year: $241M
-49.9%
Free Cash Flow
-$27M
Total Assets
$171M
Previous year: $260M
-34.1%

Marinus Pharmaceuticals

Marinus Pharmaceuticals

Marinus Pharmaceuticals Revenue by Segment

Forward Guidance

Marinus Pharmaceuticals anticipates ZTALMY U.S. net product revenues of between $32 and $34 million for the fiscal year 2024.