NASDAQ$DERM

Journey Medical Corp · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Journey Medical reported stable revenue in Q1 2025 with a net loss of $4.1 million, supported by the strong launch of Emrosi and improved gross margins.

Journey Medical generated $13.1 million in net revenue for Q1 2025, supported by a $2.1 million contribution from the commercial launch of Emrosi. Despite flat revenue year-over-year, the company improved its gross margin to 64% and reduced its overall net loss. Operating expenses were driven by Emrosi-related sales activity, with no R&D spending in the quarter.

  • Total revenue was $13.1 million, nearly flat YoY but included $2.1 million from Emrosi’s launch.
  • Gross margin improved to 64%, up from 54% in Q1 2024.
  • Reported a net loss of $4.1 million, or $(0.18) per share.
  • Cash and cash equivalents increased to $21.1 million at the end of the quarter.

Headline financials

Total Revenue

$13.1M

Previous: $13M+0.8%
EPS (adj)

-$0.18

Previous: -$0.53+66.0%
Gross Margin

64.0%

Previous: 54.0%+18.5%
Net Income

-$4.07M

Previous: -$10.4M+61.0%
Operating Income

-$3.32M

Previous: -$10.1M+67.1%
Gross Profit

$8.35M

Previous: $6.21M+34.4%

Revenue & EPS history

Journey Medical · Revenue · Quarterly

$13.1M

Q1 2025+0.8%vs Q1 2024
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Journey Medical expects continued momentum from Emrosi to support financial performance in 2025, aiming for sustained positive EBITDA and profitability.

Tailwinds

  • Strong commercial launch of Emrosi contributed $2.1M in Q1 revenue
  • Emrosi included in updated National Rosacea Society treatment guidelines
  • Phase 3 results published in JAMA Dermatology showing superiority over Oracea and placebo
  • Gross margin improved significantly due to product mix and reduced non-recurring costs
  • Cash reserves increased to $21.1M providing operational flexibility

Headwinds

  • Total revenue remained flat YoY despite new product launch
  • Selling, general, and administrative expenses increased due to commercialization activities
  • No R&D spending reported in Q1 2025
  • Net loss of $4.1M though reduced from prior year
  • Adjusted EBITDA remained negative at -$0.9M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-2.3%

Avg return

Earnings day

-1.3%

Avg return

5 days after

+3.7%

Avg return

30 days after

41%

9 / 22 earnings

Positive

+22.0%

Q1 2025

Best reaction

-26.8%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.0%+24.4%
Q4 2025-26.8%-31.3%-24.6%
Q3 2025-15.3%-12.4%-15.5%
Q1 2025+22.0%+15.2%+13.6%
Q4 2024-3.6%-2.8%+21.7%
Q3 2024-8.2%-7.5%-9.3%
Q2 2024-3.2%-11.0%-3.8%
Q1 2024+2.8%-1.7%+69.2%
Q4 2023-14.1%-3.9%-9.4%
Q3 2023+15.7%+14.8%+105.5%
Q2 2023+14.0%+4.7%+21.5%
Q1 2023-10.1%-23.2%+44.9%
Q4 2022+3.1%+13.1%+26.3%
Q3 2022-8.7%-9.2%-27.2%
Q2 2021-4.3%-7.0%-30.1%
Q2 2022-4.3%-7.0%-30.1%
Q1 2022-12.3%+5.1%+0.8%
Q1 2021-12.3%+5.1%+0.8%
Q4 2021+5.4%+6.1%-1.8%
Q3 2020+3.4%-0.1%-24.3%
Q4 2020+3.4%-0.1%-24.3%
Q3 2021+0.0%+0.0%-25.5%
Q2 2020
Q1 2020
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014

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