earnings
confidence high
sentiment positive
materiality 0.75
Journey Medical Q1 rev $13M (+7% YoY); DFD-29 PDUFA Nov 4, 2024
Journey Medical Corp
2024-Q1 EPS reported
-$0.53
revenue$13,030,000
- Net loss of $10.4M ($0.53 loss per share) vs $10.1M loss ($0.57 loss per share) in Q1 2023.
- Non-GAAP Adjusted EBITDA turned positive at $11K ($0.001 per share) vs negative $5.3M prior year.
- R&D expenses rose to $7.9M from $2.0M due to $4M FDA filing fee and $3M DRL milestone for DFD-29.
- SG&A cut 37% to $8.4M; Qbrexza and Accutane each grew >20% YoY.
- FDA accepted DFD-29 NDA for rosacea; PDUFA target action date November 4, 2024.