NASDAQ$DERM

Journey Medical Corp · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported a revenue increase and positive Adjusted EBITDA.

Journey Medical reported a 14% sequential increase in total net product revenue, reaching $14.9 million, and positive Adjusted EBITDA for the second quarter of 2024. The company is focused on its core dermatology franchise and the upcoming launch of DFD-29.

  • Total revenues for Q2 2024 were $14.9 million, a 14% increase from Q1 2024.
  • The company delivered positive Adjusted EBITDA.
  • Journey Medical is preparing for the DFD-29 PDUFA date.
  • Joseph M. Benesch was appointed as permanent Chief Financial Officer and Michael C. Pearce joined the Board of Directors.

Headline financials

Total Revenue

$14.9M

Previous: $17.2M-13.5%
EPS

-$0.17

Previous: -$0.46+63.0%
Gross Margin

61.0%

No prior period
Free Cash Flow

-$3.36M

Previous: -$8.36M+59.8%
Net Income

-$3.36M

Previous: -$8.36M+59.8%
Operating Income

-$2.93M

Previous: -$7.65M+61.8%
Gross Profit

$8.31M

Previous: $9.41M-11.6%
Cash & Equivalents

$23.9M

Previous: $8.23M+190.5%
Total Assets

$65.2M

Previous: $69.7M-6.5%
R&D Expense

$913K

No prior period
Stock-Based Comp

$1.67M

Previous: $873K+91.8%

Revenue & EPS history

Journey Medical · Revenue · Quarterly

$14.9M

Q2 2024-13.5%vs Q2 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

Journey Medical anticipates a productive second half of 2024 with additional business progress and continued financial performance.

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 2024

Historical avgQ2 2024

-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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