earnings
confidence high
sentiment positive
materiality 0.80
Harmony Biosciences Q3 revenue $160.3M (+37% YoY); GAAP EPS $0.63, non-GAAP $0.97; Board authorizes $200M buyback
Harmony Biosciences Holdings, Inc.
2023-Q3 EPS reported
$1.68
revenue$413,610,000
- Net product revenue $160.3M (+37% YoY); average WAKIX patients ~5,800 (+350 sequentially).
- GAAP net income $38.5M ($0.63 EPS); non-GAAP adjusted net income $58.8M ($0.97 EPS).
- Board authorized new $200M share repurchase program, replacing $125M prior program.
- Company continues to pursue idiopathic hypersomnia indication; expanded pipeline via Zynerba acquisition (Zygel for Fragile X).
- Repurchased ~1.4M shares for $50M in Q3.