earnings
confidence high
sentiment positive
materiality 0.80
Catalyst Q2 revenue $122.7M (+23% YoY); GAAP EPS $0.33, non-GAAP $0.56; guides upper end of $455-475M
CATALYST PHARMACEUTICALS, INC.
2024-Q2 EPS reported
$0.52
revenue$221,219,000
- Total Q2 2024 revenue $122.7M, up 23.3% YoY; FIRDAPSE $77.4M (+19.2%), FYCOMPA $36.5M (+5.7%), AGAMREE $8.7M (new launch).
- GAAP net income $40.8M ($0.33 diluted); non-GAAP net income $69.6M ($0.56 diluted), up 15.3% YoY.
- Cash and equivalents $375.7M at June 30, 2024, up from $137.6M at Dec 31, 2023 (+173%).
- Reaffirms 2024 total revenue guidance of $455-$475M; expects results in upper half of range.
- Announced license agreement for AGAMREE in Canada to expand rare orphan portfolio.