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News articleSeeking Alpha· March 26, 2026

Journey Medical targets expanded Emrosi coverage and EBITDA growth through 2026 amid robust prescription demand

View original at seekingalpha.com
“The year ended with $24.1 million in cash and $29.4 million in working capital.”
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  • Planning to increase sales force to be ramped up no later than the first part of Q3

    60% confidence
  • Emrosi achieved $14.7 million in net sales during the 3 quarters it was commercially available in 2025

    60% confidence
  • 2025 was a milestone year with successful launch of Emrosi

    60% confidence
  • Total net product revenue growth was 11% with gross margin improvement of nearly 3.5 percentage points versus 2024

    60% confidence
  • One or two product launches likely in the second half of 2026 with expenses already included in budget

    60% confidence
  • Approximately 100 million commercial covered lives have access to Emrosi

    60% confidence
  • Prescription volume for Emrosi grew nearly 50% sequentially in Q4 versus Q3

    60% confidence
  • Company expects improved reimbursement rates, reduced reliance on co-pay bridging program, and increase in Emrosi sales and operating margin expansion in 2026

    60% confidence
  • March prescriptions rebounded and Q1 prescriptions expected to surpass Q4 numbers

    60% confidence
  • Journey is well positioned to execute business plan and grow sales and profitability with current resources

    60% confidence
  • Total revenues for 2025 were $61.9 million, representing a 10% increase compared to $56.1 million for 2024

    60% confidence
  • Over 3,500 unique dermatology prescribers had written at least one script for Emrosi by year end

    60% confidence
  • Gross to net expected to improve gradually quarter-over-quarter throughout 2026 as national formularies adopt Emrosi

    60% confidence

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