NASDAQ$DERM
Journey Medical Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported a significant increase in revenue and a shift to net income, driven by an out-licensing agreement and overall revenue growth.
Journey Medical Corporation reported a substantial increase in total net revenues for Q3 2023, reaching $34.5 million, a 101% increase compared to the previous quarter and a 114% increase compared to Q3 2022. The company also achieved GAAP net income of $16.8 million, a significant improvement from the net loss of $10.1 million in the same quarter of the previous year. This performance was boosted by an upfront payment from an exclusive license agreement with Maruho Co., Ltd.
- Total net revenues for Q3 2023 were $34.5 million, reflecting a 101% increase from Q2 2023 and a 114% increase from Q3 2022.
- GAAP net income reached $16.8 million, or $0.91 per share basic and $0.80 per share diluted, a significant turnaround from the $10.1 million net loss in Q3 2022.
- An upfront payment of $19.0 million was received from Maruho Co., Ltd. for an exclusive license agreement for Qbrexza® in South Korea and other Asian nations.
- The company anticipates submitting a New Drug Application for DFD-29 to the FDA around the end of 2023.
Headline financials
Revenue & EPS history
Journey Medical · Revenue · Quarterly
$34.5M
Forward guidance
Journey Medical anticipates submitting a New Drug Application to the FDA for DFD-29.
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 Q3 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
| Quarter | Report date | Reaction (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% | |
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| Q4 2014 | — | — | — |
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