Harmony Biosciences Reports Third Quarter 2020 Financial Results and Business Updates

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Harmony Biosciences (HRMY) Misses Q3 EPS by 9c, Revenues Beat

November 12, 2020 8:03 AM EST

Harmony Biosciences (NASDAQ: HRMY) reported Q3 EPS of ($0.14), $0.09 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $45.6 million versus the consensus estimate of $40.07 million.

Third Quarter 2020 Financial Highlights:

Net product revenue was $45.6 million for the third quarter ended September 30, 2020.Research and development expenses were $4.2 million for the third quarter of 2020 compared with $4.3 million for the third quarter of 2019.Sales and marketing expenses were $12.6 million for the third quarter of 2020 compared with $12.9 million for the third... More