NASDAQ$ARQT
Arcutis Biotherapeutics Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Arcutis reported total revenues of $38.1 million for the third quarter of 2023, with ZORYVE net product revenues increasing by 70% compared to the second quarter of 2023 and FDA approval for the expanded indication of ZORYVE in plaque psoriasis down to the age of 6.
Arcutis Biotherapeutics, Inc. reported financial results for the quarter ended September 30, 2023. The company achieved total revenues of $38.1 million, driven by a 70% increase in ZORYVE net product revenues compared to the previous quarter. The FDA approved ZORYVE for an expanded indication in plaque psoriasis. The company also strengthened its balance sheet with a $100 million follow-on offering.
- Total revenues for Q3 2023 reached $38.1 million.
- ZORYVE net product revenues increased by 70% compared to Q2 2023, reaching $8.1 million.
- FDA approved ZORYVE for expanded indication in plaque psoriasis down to the age of 6.
- A $100 million follow-on offering strengthened the balance sheet.
Headline financials
Revenue & EPS history
Arcutis · Revenue · Quarterly
$38.1M
Forward guidance
Arcutis anticipates continued strong net product revenue growth in the fourth quarter and acceleration into 2024, driven by potential approvals and launches of topical roflumilast for seborrheic dermatitis and atopic dermatitis, as well as further expansion of payer coverage.
Tailwinds
- Continued strong net product revenue growth expected in Q4 2023.
- Acceleration of revenue growth anticipated into 2024.
- Potential approvals and launches of topical roflumilast for seborrheic dermatitis and atopic dermatitis.
- Expected further expansion of payer coverage.
- Anticipates further GTN improvement in the fourth quarter of 2023.
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 Q3 2023
+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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