Arcutis Biotherapeutics Expects Fiscal Q4 Revenue to Soar Driven by Zoryve Demand

MT Newswires Live
13 Jan

Arcutis Biotherapeutics (ARQT) said Sunday its preliminary fiscal Q4 revenue is expected to increase by about 366% to $63 million, driven by the demand for Zoryve, a skin disease treatment.

Analysts surveyed by FactSet expect revenue of $56.5 million.

Meanwhile, full-year product revenue is expected to be about $160 million, up by about 449% from a year earlier.

As of Dec. 31, preliminary cash, cash equivalents, restricted cash and marketable securities are expected to be about $229 million.

The company is set to report its fiscal Q4 results on Feb. 25.

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