Financial updates
Pharming Group reports third quarter 2024 financial results and provides business update
Pharming Group N.V. presents its preliminary, unaudited financial report for the three months ended September 30, 2024.
- Third quarter 2024 total revenues increased by 12% to US$74.8 million, compared to the third quarter 2023, driven by continued strong RUCONEST® and Joenja® revenue growth
- RUCONEST® third quarter revenue increased by 6% to US$63.6 million, compared to the third quarter 2023
- Joenja® (leniolisib) third quarter revenue increased by 72% to US$11.2 million, compared to the third quarter 2023
- First nine months total revenues increased by 25% to US$204.5 million, compared to the first nine months 2023
- On track for 2024 total revenue guidance of US$280 million - US$295 million (14 - 20% growth)
- Third quarter operating profit increased to US$4.1 million from US$1.9 million in the third quarter 2023
- Overall cash and marketable securities increased to US$173.3 million at the end of the third quarter 2024 from US$161.8 million at the end of the second quarter 2024
- Sijmen de Vries, our Executive Director/Chief Executive Officer, has informed the Board of Directors that he will not be available for reappointment at the next Annual General Meeting of Shareholders in May 2025
- Pharming to host a conference call today at 13:30 CEST (7:30 am EDT) (view webcast or register for the conference call)
Read full press release below