Harmony Biosciences Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
HRMY$33.55-0.7%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations and Comprehensive Income (Loss
HARMONY BIOSCIENCES HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (In thousands, except share and per share data)
| · · · · · · · · · | |||||||
|---|---|---|---|---|---|---|---|
| · · Year Ended December 31, | |||||||
| · 2023 · 2022 · · 2021 | |||||||
| Net product revenue | | $582,022 | | $437,855 | | $305,440 | |
| Cost of product sold | | 121,236 | | 83,481 | | 55,518 | |
| Gross profit | | 460,786 | | 354,374 | | 249,922 | |
| Operating expenses: | | | | ||||
| Research and development | | 76,063 | | 70,886 | | 30,367 | |
| Sales and marketing | | 97,404 | | 79,285 | | 68,118 | |
| General and administrative | | 95,289 | | 84,017 | | 63,909 | |
| Total operating expenses | | 268,756 | | 234,188 | | 162,394 | |
| Operating income | | 192,030 | | 120,186 | | 87,528 | |
| Loss on debt extinguishment | | (9,766) | | — | | (26,146) | |
| Other (expense) income, net | | 159 | | 169 | | 16 | |
| Interest expense | | | (23,757) | | (18,795) | | (24,194) |
| Interest income | | 14,730 | | 3,126 | | 224 | |
| Income before income taxes | | 173,396 | | 104,686 | | 37,428 | |
| Income tax (expense) benefit | | (44,543) | | 76,782 | | (2,831) | |
| Net income | | $128,853 | | $181,468 | | $34,597 | |
| Unrealized income (loss) on investments | | 153 | | (151) | | — | |
| Comprehensive income | | $129,006 | | $181,317 | | $34,597 | |
| EARNINGS PER SHARE: | | | | ||||
| Basic | | $2.17 | | $3.07 | | $0.60 | |
| Diluted | | $2.13 | | $2.97 | | $0.58 | |
| Weighted average number of shares of common stock - basic | | 59,469,648 | | 59,173,121 | | 57,531,540 | |
| Weighted average number of shares of common stock - diluted | | 60,372,397 | | 61,097,045 | | 59,205,213 | |
HARMONY BIOSCIENCES HOLDINGS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)
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