Financial Snapshot

Revenue
$681.9M
TTM
Gross Margin
78.75%
TTM
Net Earnings
$122.6M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
323.91%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$596.8M
Q3 2024
Cash
Q3 2024
P/E
15.35
Nov 14, 2024 EST
Free Cash Flow
$220.2M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $582.0M $437.9M $305.4M $159.7M $5.995M $0.00
YoY Change 32.93% 43.35% 91.21% 2564.59%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $582.0M $437.9M $305.4M $159.7M $5.995M $0.00
Cost Of Revenue $121.2M $83.48M $55.52M $27.74M $1.577M $0.00
Gross Profit $460.8M $354.4M $249.9M $132.0M $4.418M $0.00
Gross Profit Margin 79.17% 80.93% 81.82% 82.64% 73.69%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $192.7M $163.3M $132.0M $95.57M $80.73M $29.10M
YoY Change 18.0% 23.69% 38.15% 18.39% 177.41%
% of Gross Profit 41.82% 46.08% 52.83% 72.4% 1827.23%
Research & Development $76.06M $70.89M $30.37M $19.45M $69.60M $12.40M
YoY Change 7.3% 133.43% 56.14% -72.06% 461.25%
% of Gross Profit 16.51% 20.0% 12.15% 14.73% 1575.26%
Depreciation & Amortization $514.0K $419.0K $416.0K $394.0K $395.0K $180.0K
YoY Change 22.67% 0.72% 5.58% -0.25% 119.44%
% of Gross Profit 0.11% 0.12% 0.17% 0.3% 8.94%
Operating Expenses $268.8M $234.2M $162.4M $115.0M $150.3M $41.40M
YoY Change 14.76% 44.21% 41.19% -23.49% 263.1%
Operating Profit $192.0M $120.2M $87.53M $16.99M -$145.9M -$41.40M
YoY Change 59.78% 37.31% 415.29% -111.64% 252.43%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense $23.76M -$15.67M -$23.97M -$28.22M -$6.073M $1.500M
YoY Change -251.62% -34.63% -15.06% 364.68% -504.87%
% of Operating Profit 12.37% -13.04% -27.39% -166.14%
Other Income/Expense, Net $159.0K $169.0K $16.00K -$3.071M
YoY Change -5.92% 956.25% -100.52%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income $173.4M $104.7M $37.43M -$36.94M -$152.0M -$39.90M
YoY Change 65.63% 179.7% -201.31% -75.69% 280.89%
Income Tax $44.54M -$76.78M $2.831M $0.00 $0.00 $0.00
% Of Pretax Income 25.69% -73.35% 7.56%
Net Earnings $128.9M $181.5M $34.60M -$36.94M -$152.0M -$39.90M
YoY Change -28.99% 424.52% -193.65% -75.69% 280.89%
Net Earnings / Revenue 22.14% 41.44% 11.33% -23.13% -2535.06%
Basic Earnings Per Share $2.17 $3.07 $0.60 -$2.48 -$24.07
Diluted Earnings Per Share $2.13 $2.97 $0.58 -$2.48 -$24.07 -$548.1K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $353.5M $323.1M $234.3M $228.6M $24.50M $83.50M
YoY Change 9.39% 37.9% 2.5% 833.06% -70.66%
Cash & Equivalents $311.7M $243.8M $234.3M $228.6M $24.50M $83.50M
Short-Term Investments $41.80M $79.33M
Other Short-Term Assets $18.11M $18.13M $10.86M $8.300M $1.700M $3.200M
YoY Change -0.14% 67.05% 30.78% 388.24% -46.88%
Inventory $5.363M $4.297M $4.432M $3.800M $1.100M $0.00
Prepaid Expenses
Receivables $74.14M $54.74M $34.84M $22.20M $4.300M $0.00
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $451.1M $400.3M $284.4M $262.9M $31.50M $86.70M
YoY Change 12.69% 40.73% 8.19% 734.6% -63.67%
Property, Plant & Equipment $2.715M $2.885M $820.0K $900.0K $1.300M $1.600M
YoY Change -5.89% 251.83% -8.89% -30.77% -18.75%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $72.17M $22.57M
YoY Change 219.78%
Other Assets $148.4M $87.18M $4.265M $900.0K $1.700M $1.000M
YoY Change 70.21% 1944.06% 373.89% -47.06% 70.0%
Total Long-Term Assets $360.4M $273.6M $149.0M $164.2M $75.20M $2.600M
YoY Change 31.72% 83.61% -9.25% 118.35% 2792.31%
Total Assets $811.4M $673.9M $433.4M $427.1M $106.7M $89.30M
YoY Change
Accounts Payable $17.73M $3.786M $1.001M $2.600M $6.400M $1.500M
YoY Change 368.3% 278.22% -61.5% -59.38% 326.67%
Accrued Expenses $124.7M $73.09M $49.41M $131.7M $13.40M $5.800M
YoY Change 70.59% 47.91% -62.48% 882.84% 131.03%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $15.00M $2.000M $2.000M
YoY Change 650.0% 0.0%
Total Short-Term Liabilities $163.8M $78.88M $53.78M $134.5M $19.90M $7.200M
YoY Change 107.62% 46.69% -60.02% 575.88% 176.39%
Long-Term Debt $178.6M $189.6M $190.0M $194.3M $97.90M $0.00
YoY Change -5.84% -0.18% -2.22% 98.47%
Other Long-Term Liabilities $2.109M $2.501M $3.177M $1.100M $500.0K $500.0K
YoY Change -15.67% -21.28% 188.82% 120.0% 0.0%
Total Long-Term Liabilities $180.7M $192.1M $193.2M $195.4M $98.40M $500.0K
YoY Change -5.97% -0.52% -1.15% 98.58% 19580.0%
Total Liabilities $344.5M $271.0M $246.9M $329.9M $118.3M $7.800M
YoY Change 27.09% 9.76% -25.15% 178.87% 1416.67%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 59.47M 59.17M 57.53M 25.77M 7.777M
Diluted Shares Outstanding 60.37M 61.10M 59.21M 25.77M 7.777M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $1.882 Billion

About Harmony Biosciences Holdings Inc

Harmony Biosciences Holdings, Inc. is a commercial-stage pharmaceutical company, which engages in the development and commercialization of therapies for the treatment of neurological disorders. The company is headquartered in Plymouth Meeting, Pennsylvania and currently employs 246 full-time employees. The company went IPO on 2020-08-19. The company is focused on developing and commercializing therapies for patients living with rare neurological diseases as well as patients living with other neurological diseases who have unmet medical needs. Its product, WAKIX (pitolisant), is a first-in-class molecule with a novel mechanism of action designed to enhance histamine signaling in the brain by binding to H3 receptors. Its WAKIX is developed for the treatment of excessive daytime sleepiness (EDS) in adult patients with narcolepsy and treatment of cataplexy in adult patients with narcolepsy. The company also provides HBS-102, an investigational compound, which is a melanin-concentrating hormone receptor 1 (MCHR1) antagonist that targets MCH neurons in the brain. The company also develops ZYN002, a pharmaceutically manufactured synthetic cannabidiol. The company is also focused on the rare epilepsy franchise in its expanding late-stage pipeline of CNS assets: EPX-100 and EPX-200.

Industry: Pharmaceutical Preparations Peers: Arvinas Inc Pacira Biosciences Inc Corcept Therapeutics Inc Elanco Animal Health Inc Intra-Cellular Therapies Inc Johnson & Johnson Organon & Co Prestige Consumer Healthcare Inc