NASDAQ$ARQT
Arcutis Biotherapeutics Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Second quarter results were announced, featuring significant revenue growth and strategic advancements.
Arcutis Biotherapeutics reported a strong second quarter with a 43% sequential increase in sales, driven by physician demand for ZORYVE. The company expanded its market reach through a co-promotion agreement with Kowa Pharmaceuticals and advanced its pipeline with the submission of an sNDA for ZORYVE foam. Additionally, they amended their debt agreement to increase financial flexibility.
- ZORYVE franchise net product revenues reached $30.9 million, with $17.3 million from ZORYVE cream and $13.6 million from ZORYVE foam.
- Sales growth of 547% compared to Q2 2023 and 43% compared to Q1 2024 was achieved.
- Gross-to-net (GTN) improved to the high 50 percent range.
- A co-promotion agreement with Kowa Pharmaceuticals was established to expand promotional efforts.
Headline financials
Revenue & EPS history
Arcutis · Revenue · Quarterly
$30.9M
Forward guidance
Arcutis is focused on driving growth through commercial launches and pipeline advancement.
Tailwinds
- Continued commercial success of ZORYVE cream and foam.
- Expansion of market reach through the co-promotion agreement with Kowa.
- Potential approval of ZORYVE foam for scalp and body psoriasis.
- Advancement of the pipeline with ARQ-255 and ARQ-234.
- Improved financial flexibility due to the amended debt agreement.
Headwinds
- Uncertainty of future commercial sales.
- Risks inherent in the clinical development and regulatory approval processes.
- Potential impact of market access and reimbursement challenges.
- Risk of failure in defending intellectual property.
- Dependence on the successful commercialization of ZORYVE products.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+1.8%
Avg return
Earnings day
+1.1%
Avg return
5 days after
-0.5%
Avg return
30 days after
64%
16 / 25 earnings
Positive
+27.2%
Q3 2025
Best reaction
-15.6%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.2% | -9.3% | -9.4% | |
| Q4 2025 | +5.7% | -12.6% | -21.4% | |
| Q3 2025 | +27.2% | +28.9% | +57.6% | |
| Q1 2025 | -4.6% | +0.5% | +0.3% | |
| Q4 2024 | +8.4% | +5.2% | +28.9% | |
| Q3 2024 | +11.8% | +16.6% | +33.3% | |
| Q2 2024 | -14.6% | -13.1% | +7.1% | |
| Q1 2024 | +15.6% | +15.1% | +16.9% | |
| Q4 2023 | +7.4% | +21.5% | +2.3% | |
| Q3 2023 | +5.4% | -0.9% | -10.4% | |
| Q2 2023 | -2.0% | -6.5% | -21.0% | |
| Q1 2023 | -15.6% | -29.3% | -29.8% | |
| Q4 2022 | +4.4% | -2.7% | -31.8% | |
| Q3 2022 | +0.6% | +3.1% | -8.4% | |
| Q2 2022 | +13.2% | +11.8% | +8.6% | |
| Q1 2022 | -11.8% | -14.1% | -3.5% | |
| Q4 2021 | +1.1% | +12.6% | +10.7% | |
| Q3 2021 | -7.5% | -6.9% | -35.6% | |
| Q2 2021 | +3.1% | +5.2% | +4.1% | |
| Q1 2021 | -3.4% | -1.8% | -23.1% | |
| Q4 2020 | -0.1% | +3.6% | -10.5% | |
| Q3 2020 | -3.8% | +8.9% | +37.1% | |
| Q2 2020 | +1.7% | +1.8% | -6.5% | |
| Q1 2020 | +0.0% | -4.6% | -4.6% | |
| Q4 2019 | +0.0% | -4.6% | -4.6% | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — |
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