Preliminary unaudited product income for the fourth quarter of 2024 is anticipated to be roughly $63 million, up roughly 366% vs. This autumn 2023 and 41% vs. Q3 2024Preliminary unaudited product income for the full-year 2024 is anticipated to be roughly $160 million, up roughly 449% vs. 2023Robust unit progress throughout the portfolio with gross-to-net (GTN) just like prior quarterPreliminary unaudited money, money equivalents, restricted money, and marketable securities as of December 31, 2024 are anticipated to be roughly $229 millionCompany to launch full fourth quarter and full 12 months 2024 monetary outcomes and host a convention name and webcast on February 25, 2025 at 4:30 p.m. EST

WESTLAKE VILLAGE, Calif., Jan. 12, 2025 (GLOBE NEWSWIRE) — Arcutis Biotherapeutics, Inc.  (Nasdaq: NASDAQ:), a commercial-stage biopharmaceutical firm targeted on growing significant improvements in immuno-dermatology, right this moment introduced sure preliminary unaudited monetary info for the fourth quarter and full-year 2024.

Preliminary Fourth Quarter and Full-12 months 2024 Monetary Data

Preliminary unaudited product income for the fourth quarter of 2024 is anticipated to be roughly $63 million, representing progress of roughly 366% as in comparison with the fourth quarter of 2023 and roughly 41% as in comparison with the third quarter of 2024. Preliminary unaudited product income for the full-year 2024 is anticipated to be roughly $160 million, representing progress of roughly 449% vs. 2023Revenue progress within the fourth quarter throughout the franchise was pushed by sturdy demand for all ZORYVE ® (roflumilast) indications, whereas GTN was just like the prior quarterPreliminary money, money equivalents, restricted money, and marketable securities as of December 31, 2024 are anticipated to be roughly $229 millionAs beforehand reported, the Firm repaid $100 million of its long-term debt held by SLR Funding Corp. and has the choice to re-draw roughly $100 million by the primary half of 2026 making complete liquidity as of December 31, 2024 from money, money equivalents, restricted money, marketable securities, and obtainable debt equal to roughly $329 million

We’re excited by the numerous gross sales momentum and sturdy income progress we proceed to generate in our enterprise, pushed by increasing demand for our total ZORYVE franchise, stated Frank Watanabe, president and chief govt officer of Arcutis. We anticipate sustained ZORYVE gross sales progress all through 2025 as our a number of product launches acquire additional traction and we safe new approvals, increase insurance coverage protection, and broaden entry to main care and pediatric practices by our business partnership with Kowa.

Administration will host in-person investor conferences in San Francisco, CA, across the forty third Annual J.P. Morgan Healthcare Convention, being held January 13-16, 2025.

Arcutis has not accomplished preparation of its monetary statements for the fourth quarter or full-year 2024. The monetary info as of and for the fourth quarter and full-year 2024 offered on this launch are preliminary and unaudited and are topic to the shut of the quarter and 12 months, completion of our quarter-end and year-end closing procedures, and additional monetary assessment. Our unbiased registered public accounting agency has not audited, reviewed, compiled, or carried out any procedures with respect to this monetary info. Our precise outcomes could differ from these estimates on account of the completion of our quarter-end and year-end closing procedures, assessment changes, and different developments which will come up between now and the time our monetary outcomes for the fourth quarter and full 12 months are finalized.

Arcutis will report full fourth quarter and full-year 2024 monetary outcomes and supply a enterprise replace on Tuesday, February 25, 2025 after the U.S. monetary markets shut. The Firm can even host a convention name and webcast the identical day at 4:30 p.m. EST. A dwell webcast of the decision and the presentation supplies shall be obtainable on the Occasions part of the Firm’s web site. An archived replay of the webcast shall be obtainable on the Arcutis investor web site following the convention name.

About ArcutisArcutis Biotherapeutics, Inc. (Nasdaq: ARQT) is a commercial-stage medical dermatology firm that champions significant innovation to handle the pressing wants of people residing with immune-mediated dermatological ailments and circumstances. With a dedication to fixing essentially the most persistent affected person challenges in dermatology, Arcutis has a rising portfolio together with three FDA authorized merchandise that harness our distinctive dermatology improvement platform coupled with our dermatology experience to construct differentiated therapies towards biologically validated targets. Arcutis’ dermatology improvement platform features a sturdy pipeline with a number of scientific applications for a variety of inflammatory dermatological circumstances together with scalp and physique psoriasis, atopic dermatitis, and alopecia areata. For extra info, go to  www.arcutis.com  or comply with Arcutis on  LinkedIn,  Fb,  Instagram, and  X.

Ahead-Trying StatementsArcutis cautions you that statements contained on this press launch relating to issues that aren’t historic details are forward-looking statements which embrace, however will not be restricted to, statements relating to business execution, regulatory timelines, progress on product entry and adoption, and preliminary unaudited monetary info as of and for the fourth quarter and full-year 2024. These statements are based mostly on the Firm’s present beliefs and expectations. These statements contain substantial recognized and unknown dangers, uncertainties and different components which will trigger our precise outcomes, ranges of exercise, efficiency, or achievements to be materially totally different from the data expressed or implied by these forward-looking statements and you shouldn’t place undue reliance on our forward-looking statements. Dangers and uncertainties which will trigger our precise outcomes to vary embrace dangers inherent within the scientific improvement course of and regulatory approval course of, the timing of regulatory filings, the timing and bills of commercialization efforts, and our capacity to defend our mental property. For an additional description of the dangers and uncertainties relevant to our enterprise, see the Threat Elements part of our Type 10-Okay filed with U.S. Securities and Alternate Fee (SEC) on February 27, 2024, in addition to any subsequent filings with the SEC. You shouldn’t place undue reliance on any forward-looking statements on this press launch. We undertake no obligation to revise or replace info herein to mirror occasions or circumstances sooner or later, even when new info turns into obtainable. All forward-looking statements are certified of their entirety by this cautionary assertion, which is made below the secure harbor provisions of the Personal Securities Litigation Reform Act of 1995.

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