earnings
confidence high
sentiment neutral
materiality 0.75
Axsome reports preliminary Q4 net product revenue of $71M; full year $204M
Axsome Therapeutics, Inc.
2023-FY EPS reported
-$5.27
revenue$270,600,000
- Preliminary total net product revenue: $71M for Q4 2023, $204M for full year 2023.
- Auvelity net sales: $49M Q4, $130M FY; Sunosi net revenue: $22M Q4, $74M FY.
- 2024 regulatory milestones: NDA submission for AXS-14 (fibromyalgia) Q1; NDA resubmission for AXS-07 (migraine) H1.
- 2024 clinical readouts: Phase 3 SYMPHONY (narcolepsy) Q1, ADVANCE-2 (Alzheimer's agitation) H1, FOCUS (ADHD) H2.
- 2024 trial initiations: Phase 3 solriamfetol for MDD, BED, SWD Q1; Phase 2/3 AXS-05 for smoking cessation.