Record Quarterly Revenue and Growth
Collegium Pharmaceuticals reported record quarterly revenue, growing 29% year-over-year, with adjusted EBITDA up 9% year-over-year.
Strong Performance of Jornay PM
Jornay PM prescriptions grew 23% year-over-year, generating record quarterly revenues of $32.6 million. Jornay's market share of the long-acting branded methylphenidate market grew to 23%, up 7.6 percentage points year-over-year.
Pain Portfolio Growth
The pain portfolio generated record revenue of $155.4 million, up 7% year-over-year, with all three core pain medicines showing year-over-year revenue growth.
Increased Financial Guidance for 2025
The company raised its 2025 financial guidance, expecting total revenue growth of approximately 19% year-over-year and adjusted EBITDA growth of approximately 12% year-over-year.
Significant Cash Flow Generation
Collegium generated $72.4 million in cash from operations, growing the cash position to $222 million while paying down $16.1 million of debt and repurchasing $25 million in shares.