earnings
confidence high
sentiment positive
materiality 0.70
Tarsus Q2 2024: XDEMVY net sales $40.8M (65% QoQ), net loss $33.3M, gross-to-net improves to 44%
Tarsus Pharmaceuticals, Inc.
2024-Q2 EPS reported
-$1.89
revenue$68,427,000
- XDEMVY net product sales $40.8M in Q2, up 65% over Q1; year-to-date $65.5M.
- Gross-to-net discount improved to 44% from 55% in Q1; steady state expected low 40% in 2025.
- More than 37,000 bottles delivered to patients in Q2; ~11,000 ECPs have started patients launch-to-date.
- Net loss $33.3M (($0.88) per share) vs $31.4M in Q2 2023; SG&A $58.8M vs $20.3M due to launch costs.
- Cash $323.6M including ~$39.6M from new credit facility draw; sales force expansion to ~50 additional reps by end of Q3.