earnings
confidence high
sentiment positive
materiality 0.75
Harmony Q2 net revenue $172.8M (+29% YoY); non-GAAP EPS $1.05 vs $0.76; FY guidance reaffirmed
Harmony Biosciences Holdings, Inc.
2024-Q2 EPS reported
$0.87
revenue$327,429,000
- Net product revenue $172.8M for Q2 2024, up 29% from $134.2M in Q2 2023.
- GAAP net income $11.6M ($0.20 diluted EPS) vs $34.3M ($0.56) prior year; non-GAAP adjusted net income $60.6M ($1.05 diluted EPS) vs $45.9M ($0.76).
- Average patients on WAKIX increased sequentially by ~250 to approximately 6,550 for the quarter.
- FY 2024 net product revenue guidance reiterated at $700-$720 million.
- FDA approved WAKIX for pediatric narcolepsy (EDS) on June 21, 2024; commercial launch began July 1.