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DERM — Journey Medical News Story

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Journey Medical Q2 revenue rises 23%, slightly beats estimates

Journey Medical Q2 revenue rises 23%, slightly beats estimates


Overview

  • U.S. dermatology drug maker's Q2 revenue grew 23% yr/yr, slightly beating analyst expectations

  • Net loss for Q2 narrowed to $0.3 mln from $3.8 mln a year ago


Outlook

  • Company says prescription demand and payer coverage for Emrosi are increasing

  • Journey Medical believes it is well-positioned to deliver strong financial performance going forward


Result Drivers

  • EMROSI DEMAND - Co said Q2 revenue growth was driven by continued commercial demand momentum for Emrosi, with sales and prescriptions increasing compared to prior periods

  • COST MANAGEMENT - Co attributed improved profitability to disciplined investment in its dermatology commercial infrastructure and reduced launch-related spending for Emrosi


Company press release: ID:nGNX3MdM1h


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Slight Beat*

$18.50 mln

$18.37 mln (4 Analysts)

Q2 Loss Per Share

$0.01

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the pharmaceuticals peer group is "buy"

  • Wall Street's median 12-month price target for Journey Medical Corp is $13.00, about 105.7% above its August 11 closing price of $6.32

  • The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 13 three months ago


Reuters Recommended Reads

  • Aug 11 - Veradermics Q2 net loss widens on higher expenses

  • Aug 11 - Fennec Pharmaceuticals Q2 sales rise on PEDMARK demand

  • Aug 10 - Telehealth platform Hims & Hers swings to Q2 net loss as margin pressure offsets revenue growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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