Supernus Announces Fourth Quarter and Full Year 2023 Financial Results
- Strong financial performance in Q4 2023 and FY 2023 with substantial sales growth in key products Qelbree and GOCOVRI.
- Positive outlook for FY 2024 with expected revenue and operating earnings growth.
- Multiple clinical trials and pipeline updates demonstrate the company's commitment to innovation and development.
- Reconciliation of GAAP and non-GAAP measures provides transparency in financial reporting.
- Decrease in net product sales of Trokendi XR partially offset by growth in Qelbree and GOCOVRI sales.
- Decline in net product sales of Trokendi XR impacted overall revenue.
- Operating loss in Q4 2023 due to impairment charges and higher expenses.
- Net earnings for Q4 2023 and FY 2023 lower compared to the same periods in 2022.
- Significant decrease in cash and marketable securities from 2022 to 2023.
Insights
The reported increase in net sales for Qelbree® and GOCOVRI® is a positive indicator of Supernus Pharmaceuticals' revenue growth trajectory, particularly in the central nervous system (CNS) therapeutic area. With Qelbree's net sales up by 129% and GOCOVRI's by 15% year-over-year, these products are becoming a larger part of the company's revenue stream. This shift is significant as it demonstrates successful product adoption and market penetration, which are critical factors for sustained growth in the pharmaceutical industry.
From a financial perspective, the operating loss reported on a GAAP basis may raise concerns among stakeholders regarding profitability. However, the non-GAAP operating earnings of $125.1 million, which exclude non-recurring and non-cash expenses, provide a different view of the company's core operating performance. This distinction is essential for investors who are evaluating the operational efficiency and underlying profitability of Supernus Pharmaceuticals. The company's guidance for 2024 suggests a cautious outlook with projected total revenue and non-GAAP operating earnings lower than the previous year, which could reflect anticipated market challenges or strategic investments.
The pharmaceutical industry is highly competitive, with a strong emphasis on innovation and pipeline development. Supernus Pharmaceuticals' pipeline updates, including the anticipated FDA approval and launch of SPN-830 for Parkinson's disease treatment, are crucial for maintaining a competitive edge. The progress in clinical trials for other CNS indications, such as treatment-resistant depression and epilepsy, positions the company to potentially address unmet medical needs, which can lead to market expansion and diversification of revenue sources.
Market dynamics, including patent expirations and generic competition, play a significant role in a company's financial health. The decline in net sales for Trokendi XR due to generic erosion is a typical industry challenge. Supernus' strategic focus on growing net sales of Qelbree and GOCOVRI, along with the development of novel product candidates, indicates an adaptive approach to offsetting revenue losses from legacy products. This strategy could potentially mitigate the impact of generic competition and support long-term growth.
The clinical developments of Supernus Pharmaceuticals, particularly the initiation of Phase IV studies for Qelbree in adults with ADHD and mood symptoms, are indicative of the company's commitment to expanding the therapeutic indications of its products. The use of the Adult ADHD Investigator Symptom Rating Scale (AISRS) as a primary outcome measure is aligned with industry standards for evaluating ADHD treatments. The robust growth in Qelbree prescriptions suggests strong efficacy and market acceptance, which are positive indicators for long-term revenue generation from this product.
Additionally, the progression of the company's pipeline, including SPN-820 for treatment-resistant depression and SPN-817 for epilepsy, reflects a strategic focus on CNS diseases with high unmet needs. The potential for novel first-in-class molecules like SPN-820 to change treatment paradigms could have substantial implications for patient care and the company's market positioning. The focus on treatment-resistant conditions, which are often challenging to manage with current therapies, not only addresses significant patient populations but also aligns with a trend towards personalized medicine in the industry.
- Fourth quarter 2023 net sales of Qelbree® increased
97% to$46.4 million compared to fourth quarter 2022; Full year 2023 net sales of Qelbree increased129% to$140.2 million compared to full year 2022. - Fourth quarter 2023 net sales of GOCOVRI® increased
10% to$32.0 million compared to fourth quarter 2022; Full year 2023 net sales of GOCOVRI increased15% to$119.6 million compared to full year 2022. - Full year 2023 total revenues (GAAP) were
$607.5 million ; Full year 2023 total revenues excluding Trokendi XR® net product sales (non-GAAP)(1) increased26% compared to full year 2022. - Full year 2023 operating loss (GAAP) was
$(5.3) million ; Full year 2023 operating earnings (non-GAAP)(2), were$125.1 million . - Full year 2024 total revenue (GAAP) guidance of
$580 million to$620 million and operating earnings (non-GAAP)(3) guidance of$80 million to$110 million .
___________________________________________
(1) Total revenues excluding Trokendi XR net product sales is a non-GAAP measure and is calculated as total revenues (GAAP) less net product sales of Trokendi XR (GAAP). A reconciliation of this measure to Total revenues (GAAP) is included under the heading "Reconciliation of GAAP Total revenues to Non-GAAP Total revenues excluding Trokendi XR net product sales."
(2) Operating earnings (non-GAAP) is a non-GAAP measure and is calculated as Operating earnings (loss) (GAAP) plus amortization of intangible assets, share-based compensation, contingent consideration expense (gain), intangible asset impairment charges, and depreciation. A reconciliation of this measure to Operating earnings (loss) (GAAP) is included under the heading "Reconciliation of GAAP Operating earnings (loss) to Non-GAAP Operating earnings."
(3) A reconciliation of the operating earnings (non-GAAP) guidance is included under the heading "Full Year 2024 Financial Guidance - GAAP to Non-GAAP Adjustments."
ROCKVILLE, Md., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Supernus Pharmaceuticals, Inc. (Nasdaq: SUPN), a biopharmaceutical company focused on developing and commercializing products for the treatment of central nervous system (CNS) diseases, today announced financial results for the fourth quarter and full year of 2023 and associated Company developments.
“Our performance in 2023 underscores our strong execution, with combined full year 2023 net sales of
Mr. Khattar added, "In 2024, we look forward to continued growth across our key growth products and the launch of SPN-830 in the second half of 2024 as we complete the transition from our legacy products to our growth products. In addition, in 2024 we anticipate several exciting clinical milestones as we progress our pipeline of novel product candidates."
Qelbree Update
- Total IQVIA prescriptions were 617,192 for full year 2023, an increase of
91% compared to full year 2022. - The Company initiated a Phase IV open-label study to assess the efficacy of Qelbree over the course of 14 weeks of treatment in approximately 500 adults with attention deficit hyperactivity disorder (ADHD) and mood symptoms. The primary outcome measure is change from baseline in the Adult ADHD Investigator Symptom Rating Scale (AISRS).
Product Pipeline Update
SPN-830 (apomorphine infusion device) for treatment of Parkinson's disease (PD)
- As previously disclosed, the U.S. Food and Drug Administration (FDA) accepted the resubmission of the New Drug Application for SPN-830 for continuous treatment of motor fluctuations ("off" episodes) in PD and set a user fee goal date (PDUFA date) of April 5, 2024.
- Assuming FDA approval, the Company expects to launch SPN-830 in the second half of 2024.
SPN-820 – Novel first-in-class molecule that increases mTORC1 mediated synaptic function for depression
- The Phase IIb multi-center randomized double-blind placebo-controlled parallel design study of SPN-820 in adults with treatment-resistant depression is ongoing. The study is examining efficacy and safety of SPN-820 over a course of five weeks of treatment in approximately 268 patients in up to 50 clinical sites. The primary outcome measure is the change from baseline to end of treatment period on the Montgomery-Asberg Depression Rating Scale (MADRS) Total Score. Approximately 118 patients have been enrolled in the trial, to date. Topline data from the Phase IIb trial is expected in the first half of 2025.
- The Company has initiated a Phase II open-label study in approximately 40 subjects with major depressive disorder (MDD). The primary objective of the study is to assess efficacy in MDD, as well as onset of efficacy.
SPN-817 – Novel first-in-class highly selective AChE inhibitor for epilepsy
- An open-label Phase IIa clinical study of SPN-817 for treatment-resistant seizures is ongoing. The study is examining the safety and tolerability of SPN-817 as adjunctive therapy in adult patients with treatment-resistant seizures, as well as assessing efficacy. The Company expects to report interim results from approximately one-half of the targeted randomized patients in May 2024, and topline results for the full study in the second half of 2024.
- The Company now expects to initiate a Phase IIb randomized, double-blind, placebo-controlled study in approximately 436 patients with treatment-resistant focal seizures in the second half of 2024. The primary endpoint is change from baseline in focal seizure frequency per 28 days. Topline results from the Phase IIb study are expected in 2026.
SPN-443 – Novel stimulant for ADHD/CNS
- The Company plans to initiate a Phase I single dose study in healthy adults in 2024 following submission of an Investigational New Drug application. The primary objective of the study is to assess safety and tolerability.
Financial Highlights
Total revenues (GAAP and non-GAAP)
For the three months ended December 31, 2023, total revenues and total net product sales (GAAP) were
Total revenues excluding Trokendi XR net product sales (non-GAAP) for the three months and full year ended December 31, 2023, increased
The following table provides information regarding total revenues during the three months and full year ended December 31, 2023 and 2022 (dollars in millions):
| Three Months Ended December 31, | Full Year Ended December 31, | ||||||||||||||
| 2023 | 2022 | Change % | 2023 | 2022 | Change % | ||||||||||
| Total net product sales | $ | 156.0 | $ | 163.8 | (5)% | $ | 573.9 | $ | 649.4 | (12)% | |||||
| Royalty and licensing revenues (1) | 8.3 | 3.5 | 33.6 | 17.8 | |||||||||||
| Total revenues (GAAP) | $ | 164.3 | $ | 167.3 | (2)% | $ | 607.5 | $ | 667.2 | (9)% | |||||
| Total revenues excluding Trokendi XR net product sales (non-GAAP) | $ | 144.7 | $ | 110.1 | $ | 513.2 | $ | 406.0 | |||||||
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(1) Royalty and licensing revenues include royalties on generic Trokendi XR, other licensed products and intellectual property.
The following table provides information regarding total net product sales during the three months and full year ended December 31, 2023 and 2022 (dollars in millions):
| Three Months Ended December 31, | Full Year Ended December 31, | ||||||||||||||
| 2023 | 2022 | Change % | 2023 | 2022 | Change % | ||||||||||
| Net product sales | |||||||||||||||
| Qelbree | $ | 46.4 | $ | 23.6 | $ | 140.2 | $ | 61.3 | |||||||
| GOCOVRI | 32.0 | 29.2 | 119.6 | 104.4 | |||||||||||
| Oxtellar XR® | 31.0 | 27.4 | 113.4 | 115.4 | (2)% | ||||||||||
| Trokendi XR | 19.6 | 57.2 | (66)% | 94.3 | 261.2 | (64)% | |||||||||
| APOKYN® | 18.7 | 18.1 | 75.1 | 75.3 | —% | ||||||||||
| Other(1) | 8.3 | 8.3 | —% | 31.3 | 31.8 | (2)% | |||||||||
| Total net product sales | $ | 156.0 | $ | 163.8 | (5)% | $ | 573.9 | $ | 649.4 | (12)% | |||||
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(1) Includes net product sales of MYOBLOC®, XADAGO® and Osmolex ER®.
Operating earnings (loss) (GAAP and non-GAAP)
For the three months ended December 31, 2023, operating loss (GAAP) was
For the three months ended December 31, 2023, operating earnings (non-GAAP) were
Reconciliation of GAAP Operating earnings (loss) to Non-GAAP Operating earnings
An itemized reconciliation between operating earnings on a GAAP basis and operating earnings on a non-GAAP basis is as follows (dollars in millions):
| Three Months Ended December 31, | Full Year Ended December 31, | ||||||||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||||||||
| Operating earnings (loss) - As Reported (GAAP) | $ | (1.0 | ) | $ | 34.3 | $ | (5.3 | ) | $ | 46.1 | |||||
| Adjustments: | |||||||||||||||
| Amortization of intangible assets | 21.1 | 20.7 | 82.4 | 82.6 | |||||||||||
| Share-based compensation | 6.4 | 4.3 | 26.8 | 17.6 | |||||||||||
| Contingent consideration gain | (0.2 | ) | (2.4 | ) | (1.5 | ) | (0.5 | ) | |||||||
| Intangible asset impairment charges | 20.2 | — | 20.2 | — | |||||||||||
| Depreciation | 0.6 | 0.7 | 2.5 | 3.0 | |||||||||||
| Operating earnings - As Adjusted (non-GAAP) | $ | 47.1 | $ | 57.6 | $ | 125.1 | $ | 148.8 | |||||||
Non-GAAP operating earnings adjusts for non-cash items including amortization of intangible assets, share-based compensation expense, change in fair value of contingent consideration, impairment charges and depreciation.
Net earnings (GAAP)
For the three months ended December 31, 2023, net earnings (GAAP) and diluted earnings per share (GAAP) were
For the full year ended December 31, 2023, net earnings (GAAP) and diluted earnings per share (GAAP) were
Balance sheet
At December 31, 2023, the Company’s cash, cash equivalents, current and long-term marketable securities were approximately
Full Year 2024 Financial Guidance (GAAP)
| Amount | |
| Total revenues (includes approximately | |
| Combined R&D and SG&A expenses | |
| Operating loss (3) |
___________________________________________
(1) Includes net product sales and royalty and licensing revenue.
(2) Reflects generic erosion of Trokendi XR and Oxtellar XR beginning in September 2024.
(3) Includes amortization of intangible assets and contingent consideration expense (gain).
Full Year 2024 Financial Guidance - GAAP to Non-GAAP Adjustments
An itemized reconciliation between projected operating loss on a GAAP basis and projected operating earnings on a non-GAAP basis is as follows (dollars in millions):
| Amount | |
| Operating earnings (loss) - GAAP | |
| Adjustments: | |
| Amortization of intangible assets | |
| Share-based compensation | |
| Contingent consideration | |
| Depreciation | |
| Operating earnings - non-GAAP |
Non-GAAP Financial Information
This press release contains financial measures that present financial information which do not comply with United States generally accepted accounting principles (GAAP). The non-GAAP financial measures should be considered in addition to, not as a substitute for or in isolation from, or superior to measures prepared in accordance with GAAP. Non-GAAP operating earnings adjusts for non-cash share-based compensation expense, depreciation and amortization, intangible asset impairment charges and accretion of contingent consideration, and for factors that are unusual, non-recurring or unpredictable, and excludes those costs, expenses, and other specified items presented in the reconciliation tables in this press release. In addition to non-GAAP operating earnings, we also present total revenues excluding net product sales of products without exclusivity due to generic entrants, which is a non-GAAP measure and is calculated as total revenues (GAAP) less net product sales of our products without exclusivity due to generic entrants, which as of the date of this press release, is equal to net product sales of Trokendi XR (GAAP). Beginning in the year a product loses exclusivity due to generic entrants we generally do not expect net product sales of such products to constitute a significant part of our revenue in the future. We believe that the use of non-GAAP financial measures provides useful supplemental information to management, investors, analysts and others regarding the Company’s revenue and results of operations and assist management, investors, analysts, and others in understanding and evaluating our revenue growth and the performance of the business.
There are limitations associated with the use of non-GAAP financial measures and therefore comparability may be limited. These limitations include: non-GAAP financial measures that may not be entirely comparable to similarly titled measures used by other companies; these may not reflect all items of income and expense, as applicable, that affect our operations; there may be potential differences among calculation methodologies; these may differ from the non-GAAP information used by other companies, including peer companies. We mitigate these limitations by reconciling the non-GAAP financial measure to the most comparable GAAP financial measure. Investors are encouraged to review the reconciliation. The Company’s 2024 financial guidance is also being provided on both a GAAP and a non-GAAP basis.
Reconciliation of GAAP Total revenues to Non-GAAP Total revenues excluding net product sales of Trokendi XR
An itemized reconciliation between total revenues on a GAAP basis and Total revenues excluding net product sales of Trokendi XR, a non-GAAP measure, is as follows (unaudited, dollars in millions):
| Three Months Ended December 31, | Twelve Months Ended December 31, | ||||||||||||||
| 2023 | 2022 | Change % | 2023 | 2022 | Change % | ||||||||||
| Total revenues (GAAP) (1) | $ | 164.3 | $ | 167.3 | (2)% | $ | 607.5 | $ | 667.2 | (9)% | |||||
| Less: Trokendi XR net product sales | 19.6 | 57.2 | (66)% | 94.3 | 261.2 | (64)% | |||||||||
| Total revenues excluding Trokendi XR net product sales (Non-GAAP) | $ | 144.7 | $ | 110.1 | $ | 513.2 | $ | 406.0 | |||||||
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(1) Includes net product sales and royalty and licensing revenues.
Conference Call Details
Supernus will host a conference call and webcast today, February 27, 2024, at 4:30 p.m. Eastern Time to discuss these results.
A live webcast will be available in the Events & Presentations section of the Company’s Investor Relations website www.supernus.com/investors.
Participants may also pre-register any time before the call here. Once registration is completed, participants will be provided a dial-in number with a personalized conference code to access the call. Please dial in 15 minutes prior to the start time.
Following the live call, a replay will be available on the Company's Investor Relations website www.supernus.com/investors. The webcast will be available on the Company’s website for 60 days following the live call.
About Supernus Pharmaceuticals, Inc.
Supernus Pharmaceuticals is a biopharmaceutical company focused on developing and commercializing products for the treatment of central nervous system (CNS) diseases.
Our diverse neuroscience portfolio includes approved treatments for epilepsy, migraine, ADHD, hypomobility in Parkinson’s disease (PD), cervical dystonia, chronic sialorrhea, dyskinesia in PD patients receiving levodopa-based therapy, and drug-induced extrapyramidal reactions in adult patients. We are developing a broad range of novel CNS product candidates including new potential treatments for hypomobility in PD, epilepsy, depression, and other CNS disorders.
For more information, please visit www.supernus.com.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements do not convey historical information but relate to predicted or potential future events that are based upon management's current expectations. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. In addition to the factors mentioned in this press release, such risks and uncertainties include, but are not limited to, the Company’s ability to sustain and increase its profitability; the Company’s ability to raise sufficient capital to fully implement its corporate strategy; the implementation of the Company’s corporate strategy; the Company’s future financial performance and projected expenditures; the Company’s ability to increase the number of prescriptions written for each of its products and the products of its subsidiaries; the Company’s ability to increase its net revenue; the Company’s ability to commercialize its products and the products of its subsidiaries; the Company’s ability to enter into future collaborations with pharmaceutical companies and academic institutions or to obtain funding from government agencies; the Company’s product research and development activities, including the timing and progress of the Company’s clinical trials, and projected expenditures; the Company’s ability to receive, and the timing of any receipt of, regulatory approvals to develop and commercialize the Company’s product candidates; the Company’s ability to protect its intellectual property and the intellectual property of its subsidiaries and operate its business without infringing upon the intellectual property rights of others; the Company’s expectations regarding federal, state and foreign regulatory requirements; the therapeutic benefits, effectiveness and safety of the Company’s product candidates; the accuracy of the Company’s estimates of the size and characteristics of the markets that may be addressed by its product candidates; the Company’s ability to increase its manufacturing capabilities for its products and product candidates; the Company’s projected markets and growth in markets; the Company’s product formulations and patient needs and potential funding sources; the Company’s staffing needs; the Company’s ability to increase the number of prescriptions written for each of its products and the products of its subsidiaries; the Company’s ability to increase its net revenue from its products and the products of its subsidiaries; and other risk factors set forth from time to time in the Company’s filings with the Securities and Exchange Commission made pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended. The Company undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.
| Supernus Pharmaceuticals, Inc. Consolidated Balance Sheets (in thousands, except share data) | |||||||
| December 31, | December 31, | ||||||
| 2023 | 2022 | ||||||
| Assets | |||||||
| Current assets | |||||||
| Cash and cash equivalents | $ | 75,054 | $ | 93,120 | |||
| Marketable securities | 179,820 | 368,214 | |||||
| Accounts receivable, net | 144,155 | 165,497 | |||||
| Inventories, net | 77,408 | 91,541 | |||||
| Prepaid expenses and other current assets | 16,676 | 15,779 | |||||
| Total current assets | 493,113 | 734,151 | |||||
| Long term marketable securities | 16,617 | 93,896 | |||||
| Property and equipment, net | 13,530 | 15,173 | |||||
| Intangible assets, net | 599,889 | 702,463 | |||||
| Goodwill | 117,019 | 117,019 | |||||
| Other assets | 37,505 | 39,806 | |||||
| Total assets | $ | 1,277,673 | $ | 1,702,508 | |||
| Liabilities and stockholders’ equity | |||||||
| Current liabilities | |||||||
| Accounts payable and accrued liabilities | $ | 79,569 | $ | 96,342 | |||
| Accrued product returns and rebates | 154,274 | 151,665 | |||||
| Contingent consideration, current portion | 52,070 | 21,120 | |||||
| Convertible notes, net | — | 401,968 | |||||
| Other current liabilities | 4,283 | 16,863 | |||||
| Total current liabilities | 290,196 | 687,958 | |||||
| Contingent consideration, long term | 1,380 | 33,847 | |||||
| Operating lease liabilities, long term | 33,196 | 35,998 | |||||
| Deferred income tax liabilities, net | 24,963 | 49,809 | |||||
| Other liabilities | 6,422 | 8,692 | |||||
| Total liabilities | 356,157 | 816,304 | |||||
| Stockholders’ equity | |||||||
| Common stock, | 55 | 54 | |||||
| Additional paid-in capital | 439,493 | 408,115 | |||||
| Accumulated other comprehensive (loss) earnings, net of tax | (593 | ) | (3,210 | ) | |||
| Retained earnings | 482,561 | 481,245 | |||||
| Total stockholders’ equity | 921,516 | 886,204 | |||||
| Total liabilities and stockholders’ equity | $ | 1,277,673 | $ | 1,702,508 | |||
| Supernus Pharmaceuticals, Inc. Consolidated Statements of Earnings (in thousands, except share and per share data) | |||||||||||||||
| Three Months Ended December 31, | Twelve Months Ended December 31, | ||||||||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||||||||
| Revenues | |||||||||||||||
| Net product sales | $ | 156,018 | $ | 163,785 | $ | 573,933 | $ | 649,432 | |||||||
| Royalty and licensing revenues | 8,296 | 3,543 | 33,588 | 17,806 | |||||||||||
| Total revenues | 164,314 | 167,328 | 607,521 | 667,238 | |||||||||||
| Costs and expenses | |||||||||||||||
| Cost of goods sold (a) | 19,627 | 22,954 | 83,779 | 87,221 | |||||||||||
| Research and development | 23,347 | 17,774 | 91,593 | 74,552 | |||||||||||
| Selling, general and administrative | 81,282 | 73,972 | 336,361 | 377,221 | |||||||||||
| Amortization of intangible assets | 21,069 | 20,698 | 82,385 | 82,630 | |||||||||||
| Intangible asset impairment charges | 20,189 | — | 20,189 | — | |||||||||||
| Contingent consideration gain | (204 | ) | (2,404 | ) | (1,517 | ) | (510 | ) | |||||||
| Total costs and expenses | 165,310 | 132,994 | 612,790 | 621,114 | |||||||||||
| Operating earnings (loss) | (996 | ) | 34,334 | (5,269 | ) | 46,124 | |||||||||
| Other income (expense) | |||||||||||||||
| Interest and other income, net | 1,986 | 2,400 | 10,453 | 21,689 | |||||||||||
| Interest expense | — | (1,594 | ) | (2,415 | ) | (7,070 | ) | ||||||||
| Total other income (expense) | 1,986 | 806 | 8,038 | 14,619 | |||||||||||
| Earnings before income taxes | 990 | 35,140 | 2,769 | 60,743 | |||||||||||
| Income tax (benefit) expense | (185 | ) | 9,659 | 1,453 | 32 | ||||||||||
| Net earnings | $ | 1,175 | $ | 25,481 | $ | 1,316 | $ | 60,711 | |||||||
| Earnings per share | |||||||||||||||
| Basic | $ | 0.02 | $ | 0.47 | $ | 0.02 | $ | 1.13 | |||||||
| Diluted | $ | 0.02 | $ | 0.43 | $ | 0.02 | $ | 1.04 | |||||||
| Weighted-average shares outstanding | |||||||||||||||
| Basic | 54,647,835 | 54,104,908 | 54,536,281 | 53,665,143 | |||||||||||
| Diluted | 55,301,319 | 62,087,687 | 55,506,828 | 61,679,800 | |||||||||||
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(a) Excludes amortization of intangible assets.
CONTACTS:
Jack A. Khattar, President and CEO
Timothy C. Dec, Senior Vice President and CFO
Supernus Pharmaceuticals, Inc.
(301) 838-2591
or
INVESTOR CONTACT:
Peter Vozzo
ICR Westwicke
(443) 213-0505
peter.vozzo@westwicke.com
FAQ
What were the net sales figures for Qelbree in Q4 2023?
What is the financial guidance for total revenue in FY 2024?
What clinical study is SPN-820 currently involved in?
How did operating earnings (GAAP) compare between Q4 2023 and Q4 2022?
What is the primary outcome measure for the SPN-817 clinical study?
What was the net product sales change for Trokendi XR in FY 2023 compared to FY 2022?
