NASDAQ$HRMY

Harmony Biosciences Holdings Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Harmony Biosciences' Q4 2022 financial performance was reported, featuring revenue growth and advancements in clinical development programs.

Harmony Biosciences reported a strong Q4 2022, with net product revenues reaching $128.3 million, a 40.7% increase compared to the same period in 2021. GAAP net income for the quarter was $48.5 million, or $0.79 per diluted share, while non-GAAP adjusted net income was $61.9 million, or $1.01 per diluted share.

  • Net product revenues for Q4 2022 were $128.3 million, up from $91.2 million in the same period in 2021.
  • GAAP net income for Q4 2022 was $48.5 million, or $0.79 per diluted share, compared to $22.7 million, or $0.38 per diluted share, for the same period in 2021.
  • Non-GAAP adjusted net income for Q4 2022 was $61.9 million, or $1.01 per diluted share, compared to $30.4 million, or $0.50 per diluted share, for the same period in 2021.
  • The average number of patients on WAKIX increased to approximately 4,900 for the quarter ended December 31, 2022.

Headline financials

Total Revenue

$128M

Previous: $91.2M+40.7%
EPS (adj)

$1.01

Previous: $0.63+60.3%
Free Cash Flow

$26.7M

Previous: $37.5M-28.9%
Net Income

$48.5M

Previous: $22.7M+113.6%
Operating Income

$47.6M

Previous: $28.6M+66.3%
Gross Profit

$101M

Previous: $73.4M+38.2%
Cash & Equivalents

$244M

Previous: $234M+4.0%
Total Assets

$674M

Previous: $433M+55.5%
Stock-Based Comp

$7.26M

Previous: $4.2M+72.9%

Revenue & EPS history

Harmony Biosciences · Revenue · Quarterly

$128M

Q4 2022+40.7%vs Q4 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Harmony Biosciences · $128M total across 1 segment · Q4 2022

  • WAKIX Net Product Revenue
    $128M+40.7%

Forward guidance

Harmony remains confident in the ongoing performance of WAKIX and focuses on advancing life cycle management programs for pitolisant and acquiring new assets to build out the pipeline to drive additional growth.

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 Q4 2022

Historical avgQ4 2022

+1.3%

Avg return

Earnings day

+3.0%

Avg return

5 days after

+6.0%

Avg return

30 days after

54%

14 / 26 earnings

Positive

+24.4%

Q3 2023

Best reaction

-15.1%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.1%-8.0%-1.8%
Q4 2025+2.6%+6.2%+2.1%
Q3 2025-1.6%-5.1%+18.1%
Q1 2025+7.0%+13.7%+16.9%
Q4 2024+8.2%-1.0%-2.4%
Q3 2024-5.5%-7.5%+0.0%
Q2 2024+8.5%+9.4%+15.0%
Q1 2024+3.5%+7.9%-1.3%
Q4 2023-1.5%+1.5%+0.9%
Q3 2023+24.4%+31.5%+47.4%
Q2 2023-7.9%-5.0%+2.5%
Q1 2023+9.9%+9.5%+5.0%
Q4 2022-6.1%-8.0%-15.2%
Q3 2022+12.5%+13.2%+15.4%
Q2 2022+6.3%+6.6%-7.8%
Q1 2022-15.1%-21.9%-5.0%
Q4 2021+5.6%+6.1%+31.5%
Q3 2021+0.1%-0.1%-9.3%
Q2 2021+13.9%+20.1%+41.4%
Q1 2021+1.2%+4.0%+21.8%
Q1 2020+1.2%+4.0%+21.8%
Q2 2020-4.1%+11.4%-2.1%
Q4 2020-4.1%+11.4%-2.1%
Q3 2020-6.8%-7.4%-12.0%
Q4 2019-6.8%-7.4%-12.0%
Q3 2019-6.8%-7.4%-12.0%
Q2 2019
Q1 2019

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