NASDAQ$DERM

Journey Medical Corp · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Reported a revenue increase driven by topline results from Phase 3 clinical trials and strategic initiatives.

Journey Medical Corporation reported a 41% increase in total net revenues, reaching $17.2 million in the second quarter of 2023 compared to $12.2 million in the first quarter. The company also announced positive topline results from two Phase 3 clinical trials evaluating DFD-29.

  • Total net revenues reached $17.2 million, a 41% increase from the previous quarter.
  • Positive topline results were announced from two Phase 3 clinical trials evaluating DFD-29.
  • Both trials achieved co-primary and all secondary endpoints over placebo and Oracea® with no significant safety issues.
  • The company plans to submit a New Drug Application to the FDA for DFD-29 in the second half of 2023.

Headline financials

Total Revenue

$17.2M

Previous: $18.3M-6.1%
EPS (adj)

-$0.46

Previous: -$0.15-206.7%
Free Cash Flow

-$8.36M

Previous: -$7.53M-11.1%
Net Income

-$8.36M

Previous: -$7.53M-11.1%
Operating Income

-$7.65M

Previous: -$7.14M-7.2%
Gross Profit

$9.41M

Previous: $10.7M-11.8%
Cash & Equivalents

$8.23M

Previous: $38.1M-78.4%
Total Assets

$69.7M

Previous: $113M-38.5%
Stock-Based Comp

$873K

Previous: $774K+12.8%

Revenue & EPS history

Journey Medical · Revenue · Quarterly

$17.2M

Q2 2023-6.1%vs Q2 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

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 Q2 2023

Historical avgQ2 2023

-2.9%

Avg return

Earnings day

-0.7%

Avg return

5 days after

+5.1%

Avg return

30 days after

39%

9 / 23 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
Q4 2025-26.8%-1.1%
Q1 2026+3.0%+24.4%+26.5%
Q3 2025-15.3%-12.4%-15.5%
Q2 2025-15.1%-18.0%-16.7%
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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