- Net sales of Qelbree® increased 68% in the third quarter of 2024, compared to the same period in 2023.
- Net sales of Qelbree of $62.4 million and $166.9 million in the third quarter and first nine months of 2024, respectively.
- Net sales of GOCOVRI® increased 8% in the third quarter of 2024, compared to the same period in 2023.
- Net sales of GOCOVRI of $35.6 million and $93.9 million in the third quarter and first nine months of 2024, respectively.
- Total revenues were $175.7 million in the third quarter of 2024, an increase of 14% compared to the same period in 2023.
- Total revenues excluding Trokendi XR® and Oxtellar XR® net product sales (non-GAAP)(1) increased 26% in the third quarter of 2024, compared to the same period in 2023.
- Total revenues excluding Trokendi XR® and Oxtellar XR® net product sales (non-GAAP)(1) increased 26% in the third quarter of 2024, compared to the same period in 2023.
- Operating earnings of $40.9 million and $60.3 million in the third quarter and first nine months of 2024, respectively, compared to operating earnings (loss) of $8.1 million and $(4.3) million for the same periods in 2023.
- Adjusted operating earnings (non-GAAP)(1) were $67.7 million and $135.4 million in the third quarter and first nine months of 2024, respectively, compared to $37.3 million and $77.9 million in the same periods in 2023.
- Raising full year 2024 guidance for total revenues and operating earnings (GAAP and Non-GAAP).
For the full year 2024, the Company is increasing prior financial guidance for total revenues and operating earnings (GAAP and Non-GAAP) as set forth below (dollars in millions):
| Current Guidance (as of November 4, 2024) | Previous Guidance (as of August 6, 2024) | ||
| Total revenues (includes approximately $155 million of Trokendi XR and Oxtellar XR)(5)(6) | $630 - $650 | $600 - $625 | |
| Combined R&D and SG&A expenses | $430 - $450 | $430 - $460 | |
| Operating earnings | $50 - $65 | $0 - $20 | |
| Adjusted operating earnings (non-GAAP)(1) | $150 - $170 | $100 - $125 |
Supernus will host a conference call and webcast today, November 4, 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.
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