Axsome Q4 Loss Wider Than Expected, Auvelity Drives Sales Growth
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Axsome Therapeutics reported a wider-than-expected loss for Q4 2024, but its revenues exceeded expectations, driven by strong sales of Auvelity. Net product sales increased compared to the previous year.
February 18, 2025 | 5:45 pm
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Axsome Therapeutics reported a larger-than-expected loss for Q4 2024, but revenues surpassed expectations due to strong sales of Auvelity. This indicates robust demand for their product, despite the earnings miss.
The earnings miss could negatively impact short-term sentiment, but the revenue beat and strong product sales suggest underlying business strength. This mixed result may lead to neutral short-term price movement.
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