earnings
confidence high
sentiment positive
materiality 0.75
Axsome Q2 revenue $87.2M (+87% YoY); Auvelity sales $65.0M (+135%)
Axsome Therapeutics, Inc.
2024-Q2 EPS reported
-$3.11
revenue$162,165,000
- Total net product revenue $87.2M, up 87% YoY; Auvelity $65.0M (+135%), Sunosi $22.1M (+16%).
- Net loss $79.3M ($1.67 per share) vs $67.2M ($1.54) in Q2 2023; cash $315.7M.
- NDA for AXS-07 in migraine resubmitted; NDA submission for AXS-14 in fibromyalgia expected Q3 2024.
- Patent litigation with Unichem settled; generic Sunosi entry allowed no earlier than June 30, 2042.
- Anticipated topline results: AXS-05 (AD agitation), solriamfetol (ADHD), AXS-12 (narcolepsy) in 2H 2024.