NASDAQ$KRYS

Krystal Biotech Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported strong second quarter, driven by VYJUVEK's commercial growth and pipeline advancements.

Krystal Biotech reported a strong second quarter with $70.3 million in VYJUVEK net product revenue, a 55.3% increase compared to the first quarter of 2024. The company is progressing with its clinical pipeline and anticipates multiple clinical data readouts in the second half of 2024. They ended the quarter with $628.9 million in cash and investments.

  • VYJUVEK net product revenue reached $70.3 million in Q2 2024, up 55.3% from Q1 2024.
  • Over 400 reimbursement approvals secured for VYJUVEK in the U.S., with 97% positive access determinations.
  • High patient compliance with weekly VYJUVEK treatment at 90%.
  • Three clinical readouts are expected in the second half of 2024.

Headline financials

Total Revenue

$70.3M

No prior period
EPS

$0.53

Previous: -$1.25+142.4%
VYJUVEK Net Product Revenue

$70.3M

No prior period
Capital Expenditures

-$2.39M

Previous: $2.79M-185.7%
Free Cash Flow

$13.2M

Previous: -$37M+135.6%
Net Income

$15.6M

Previous: -$33.2M+146.9%
Operating Income

$8.57M

Previous: -$38M+122.5%
Gross Profit

$2.86M

No prior period
R&D Expense

$15.6M

No prior period
Stock-Based Comp

$13.2M

Previous: $11.3M+16.1%

Revenue & EPS history

Krystal Biotech · Revenue · Quarterly

$70.3M

Q2 2024
Beat estimate in 6 of 11 quarters(55%)
ActualEstimate

Revenue by segment

Krystal Biotech · $91.1M total across 1 segment · Q4 2024

  • VYJUVEK Net Product Revenue
    $91.1M

Forward guidance

The company anticipates approximately $150 million to $175 million of Non-GAAP Research and Development (“R&D”) and Selling, General and Administrative (“SG&A”) expense for the year ending December 31, 2024.

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 Q2 2024

Historical avgQ2 2024

+1.3%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+9.5%

Avg return

30 days after

54%

19 / 35 earnings

Positive

+52.8%

Q4 2023

Best reaction

-14.0%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.6%+14.9%+13.3%
Q4 2025+4.0%-5.3%-6.7%
Q3 2025+4.9%+0.2%+10.1%
Q2 2025-14.0%-11.7%-4.3%
Q1 2025-13.8%-18.6%-18.3%
Q4 2024+12.4%+19.3%+19.4%
Q3 2024-1.1%+13.2%+6.4%
Q2 2024-6.9%-5.1%-3.1%
Q1 2024+0.4%-3.9%+4.1%
Q4 2023+52.8%+50.7%+59.2%
Q3 2023-10.7%-19.3%-16.1%
Q2 2023-6.7%-4.2%-0.2%
Q1 2023+9.0%+4.7%+51.2%
Q4 2022+4.4%+0.7%+2.0%
Q3 2022+7.7%+4.7%+1.6%
Q2 2022-5.2%-3.4%-17.1%
Q1 2022-4.7%+0.4%+15.4%
Q4 2021+2.6%-8.2%+7.0%
Q3 2021-7.4%-7.4%+48.5%
Q2 2021-1.6%-6.2%-3.2%
Q1 2021-7.2%-4.0%-7.6%
Q4 2020+6.8%-7.8%-2.3%
Q3 2020+2.6%+3.1%+35.0%
Q2 2020+0.5%+6.7%+11.7%
Q1 2020+13.7%+25.3%+3.8%
Q4 2019-0.7%-12.0%-12.0%
Q3 2019+1.6%+0.5%+43.5%
Q2 2019-4.0%-3.3%-6.2%
Q1 2019+2.6%+14.6%+1.1%
Q4 2018-4.1%+1.9%+55.6%
Q3 2018-4.7%-1.5%+5.4%
Q2 2018+2.7%+1.5%+6.1%
Q1 2018+0.1%+0.2%+23.5%
Q4 2017+5.8%+21.2%+2.9%
Q3 2017+6.0%+1.9%+4.1%
Q2 2017
Q1 2017
Q4 2016
Q3 2016

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