Harmony Biosciences Holdings Full Year 2024 Earnings: EPS Beats Expectations

Harmony Biosciences Holdings (NASDAQ:HRMY) Full Year 2024 Results

Key Financial Results

• Revenue: US$714.7m (up 23% from FY 2023).
• Net income: US$145.5m (up 13% from FY 2023).
• Profit margin: 20% (down from 22% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$2.56 (up from US$2.17 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Harmony Biosciences Holdings EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.6%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Pharmaceuticals industry in the US.

Performance of the American Pharmaceuticals industry.

The company's shares are down 5.4% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Harmony Biosciences Holdings' balance sheet health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.