NASDAQ$TARS

Tarsus Pharmaceuticals Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Tarsus' Q3 2024 earnings were released, highlighted by XDEMVY net product sales and strengthened payer coverage.

Tarsus Pharmaceuticals reported a successful third quarter, marked by significant growth in XDEMVY net product sales, driven by increased patient reach and strong payer coverage. The company also presented new clinical data and expanded its leadership team.

  • Generated $48.1 million in XDEMVY net product sales, an approximately 18% increase over Q2 2024.
  • Delivered more than 41,400 bottles of XDEMVY to patients.
  • Secured broad commercial and Medicare reimbursement for XDEMVY, now covering more than 80% of covered lives.
  • Completed recruitment and deployment of approximately 50 new sales force representatives and leaders.

Headline financials

Total Revenue

$48.1M

Previous: $1.87M+2471.8%
EPS

-$0.61

Previous: -$1.28+52.3%
Capital Expenditures

-$1.5M

Previous: -$1.5M+0.5%
Free Cash Flow

-$24.9M

Previous: -$40.7M+38.7%
Net Income

-$23.4M

Previous: -$39.1M+40.2%
Operating Income

-$25.2M

Previous: -$40.9M+38.5%
Gross Profit

$48.1M

Previous: $1.87M+2471.8%
Cash & Equivalents

$176M

Previous: $227M-22.3%
Total Assets

$376M

Previous: $268M+40.2%
R&D Expense

$12.1M

Previous: $12.1M+0.2%
Stock-Based Comp

$7.42M

Previous: $5.25M+41.2%

Revenue & EPS history

Tarsus · Revenue · Quarterly

$48.1M

Q3 2024+2,471.8%vs Q3 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Tarsus expects to close the year with another strong quarter, reflecting the benefits of an expanded sales force and direct-to-consumer TV campaign.

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 Q3 2024

Historical avgQ3 2024

+3.2%

Avg return

Earnings day

+4.2%

Avg return

5 days after

+17.8%

Avg return

30 days after

63%

15 / 24 earnings

Positive

+18.3%

Q2 2024

Best reaction

-10.5%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.4%-8.4%-9.0%
Q4 2025+9.6%+8.5%-3.4%
Q3 2025-4.7%+1.8%+14.4%
Q1 2025-6.1%-5.9%-14.6%
Q4 2024-9.3%-2.3%+11.2%
Q3 2024-1.9%-6.2%+10.4%
Q2 2024+18.3%+16.5%+34.8%
Q1 2024-10.5%+0.9%-15.3%
Q4 2023+14.2%+11.4%+9.6%
Q3 2023+5.6%+8.3%+4.5%
Q2 2023-2.5%-1.5%-7.0%
Q1 2023+7.1%+5.8%+25.9%
Q4 2022+0.4%-10.6%-15.8%
Q3 2022-0.1%-0.5%-14.2%
Q2 2022+5.4%+0.6%-8.3%
Q1 2022+7.2%+16.8%+25.4%
Q4 2021-4.9%-4.7%-1.1%
Q3 2021+0.4%-2.9%-13.8%
Q2 2021+6.2%+3.7%+13.3%
Q1 2021+2.9%+5.6%+38.3%
Q4 2020+16.4%+15.8%+8.6%
Q1 2020+7.5%+16.1%+111.4%
Q3 2020+7.5%+16.1%+111.4%
Q2 2020+7.5%+16.1%+111.4%
Q4 2019
Q3 2019
Q2 2018
Q1 2018

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