earnings
confidence high
sentiment positive
materiality 0.65
Catalyst Q1 revenue $98.5M (+15.4% YoY); AGAMREE launch adds $1.2M
CATALYST PHARMACEUTICALS, INC.
2024-Q1 EPS reported
$0.19
revenue$98,509,000
- Total Q1 2024 net product revenue $98.5M, up 15.4% YoY; FIRDAPSE net revenue $66.8M (+16.2%).
- AGAMREE contributed $1.2M net revenue in first two weeks of U.S. launch, surpassing initial expectations.
- GAAP net income $23.3M ($0.19 diluted EPS); Non-GAAP net income $46.8M ($0.38 diluted EPS).
- Cash and cash equivalents $310.4M as of March 31, 2024, a 125.5% increase from year-end 2023.
- Full-year 2024 total revenue guidance reaffirmed at $455M-$475M.