Second quarter 2025 revenues were $15.0 million

Emrosi$(TM)$ net sales of $2.8 million generated in first full quarter on the market

The Company joined the Russell 2000$(R)$ and Russell 3000(R) Indexes in June 2025

Company to hold conference call today at 4:30 p.m. ET to discuss the financial results and provide a business update

SCOTTSDALE, Ariz., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Journey Medical Corporation (Nasdaq: DERM) ("Journey Medical," "the Company," "we" or "our"), a commercial-stage pharmaceutical company primarily focused on selling and marketing FDA-approved prescription pharmaceutical products for the treatment of dermatological conditions, today announced financial results and recent corporate highlights for the second quarter ended June 30, 2025.

Claude Maraoui, Journey Medical's Co-Founder, President and Chief Executive Officer, said, "We are pleased to report solid results for the second quarter of 2025, with total revenue of $15 million and a net sales contribution from Emrosi(TM) of $2.8 million during the period. The second quarter marks the first full quarter since Emrosi entered the market, and in a short period of time, we have delivered a strong initial prescription ramp for the product while payer coverage continues to expand. This momentum reflects growing physician and payer adoption, and confidence in Emrosi's differentiated profile, including statistically superior efficacy versus Oracea(R) and placebo, as published in the Journal of the American Medical Association (JAMA) -- Dermatology. With the Emrosi launch showing strong traction out of the gate, continued improvement in cash generation, and the execution of our focused dermatology commercial organization, we believe Journey Medical is well-positioned for continued growth and operating leverage in the second half of 2025 and beyond."

Financial Results:

   -- Total net product revenues were $15.0 million for the second quarter of 
      2025, compared to the prior year quarter of $14.9 million. 
 
   -- The Company's gross margin(1) increased to 67% in the second quarter of 
      2025, from 61% in the prior year quarter due to lower overall product 
      cost of goods related to product sales mix and non-recurring charges in 
      the prior year. 
 
   -- Selling, general and administrative expenses were $11.9 million for the 
      second quarter of 2025, a $1.6 million increase from the $10.3 million 
      reported in the second quarter of 2024. The increase is primarily due to 
      the incremental operational activities related to the launch and 
      commercialization of Emrosi. 
 
   -- Net loss was $3.8 million or $(0.16) per share basic and diluted, for the 
      second quarter of 2025, compared to a net loss of $3.4 million or $(0.17) 
      per share basic and diluted, for the second quarter of 2024. 
 
   -- The Company's non-GAAP results in the table below reflect Adjusted EBITDA 
      of $(0.5) million, or $(0.02) per share basic and diluted, for the second 
      quarter of 2025. This compares to positive Adjusted EBITDA of $0.3 
      million, or $0.02 per share basic and $0.01 per share diluted, for the 
      second quarter of 2024. Adjusted EBITDA, Adjusted EBITDA per share basic 
      and Adjusted EBITDA per share diluted are non-GAAP financial measures, 
      each of which is reconciled to the most directly comparable financial 
      measures calculated in accordance with GAAP below under "Use of Non-GAAP 
      Measures." 
 
   -- At June 30, 2025, the Company had $20.3 million in cash and cash 
      equivalents, as compared to $20.3 million at December 31, 2024. 

Recent Corporate Highlights:

   -- In July 2025, Journey Medical announced expanded payer access with over 
      100 million commercial lives in the United States for Emrosi. This 
      compares to 54 million commercial lives in May 2025. Full commercial 
      launch began on April 7, 2025. 
 
   -- In June 2025, a data analysis from the two Phase 3 multicenter clinical 
      trials, evaluating Emrosi for the treatment of moderate-to-severe 
      papulopustular rosacea in adults, was presented at the SDPA 2025 Summer 
      Dermatology Conference. The analysis determined that differences in body 
      weight did not affect the efficacy of Emrosi in the two Phase 3 trials, 
      which supported its November 2024 FDA approval. 
 
   -- Also in June 2025, Emrosi was featured on "The Balancing Act(R)", airing 
      on Lifetime TV. The segment provided expert insights on lifestyle 
      considerations and treatment options for managing rosacea. 
 
   -- Journey Medical joined the small-cap Russell 2000(R) Index and the 
      broad-market Russell 3000(R) Index, effective after the close of U.S. 
      equity markets on June 27, 2025, as a result of the 2025 annual Russell 
      Index reconstitution. 
 
   -- In April 2025, Journey Medical appointed Ramsey Alloush as its Chief 
      Operating Officer. Mr. Alloush joined the Company as General Counsel in 
      2020. 

Conference Call and Webcast Information

Journey Medical management will conduct a conference call and audio webcast on August 12, 2025, at 4:30 p.m. ET.

To listen to the conference call, interested parties within the U.S. should dial 1-866-777-2509 (domestic) or 1-412-317-5413 (international). All callers should dial in approximately 10 minutes prior to the scheduled start time and ask to be joined into the Journey Medical conference call. Participants can register for the conference here: https://dpregister.com/sreg/10201702/ffa49f90a2. Please note that registered participants will receive their dial-in number upon registration.

A live audio webcast can be accessed on the News and Events page of the Investors section of Journey Medical's website, www.journeymedicalcorp.com, and will remain available for replay for approximately 30 days after the meeting.

(1) We define gross margin as net product revenue less cost of goods sold divided by net product revenue.

(2) Oracea(R) is a registered trademark of Galderma Holdings, S.A. Société Anonyme.

About Journey Medical Corporation

Journey Medical Corporation (Nasdaq: DERM) ("Journey Medical") is a commercial-stage pharmaceutical company that primarily focuses on the selling and marketing of FDA-approved prescription pharmaceutical products for the treatment of dermatological conditions through its efficient sales and marketing model. The Company currently markets eight branded FDA-approved prescription drugs that help treat and heal common skin conditions. The Journey Medical team comprises industry experts with extensive experience in developing and commercializing some of dermatology's most successful prescription brands. Journey Medical is located in Scottsdale, Arizona and was founded by Fortress Biotech, Inc. (Nasdaq: FBIO). Journey Medical's common stock is registered under the Securities Exchange Act of 1934, as amended, and it files periodic reports with the U.S. Securities and Exchange Commission ("SEC"). For additional information about Journey Medical, visit www.journeymedicalcorp.com.

Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. As used below and throughout this press release, the words "the Company", "we", "us" and "our" may refer to Journey Medical. Such statements include, but are not limited to, any statements relating to our growth strategy and product development programs and any other statements that are not historical facts. The words "anticipate," "believe," "continue." "estimate," "may," "expect," "will," "could," "project," "intend," "potential" and similar expressions are generally intended to identify forward-looking statements. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated include: the fact that our products and product candidates are subject to time and cost intensive regulation and clinical testing and as a result, may never be successfully developed or commercialized; a substantial portion of our sales derive from products that may become subject to third-party generic competition, the introduction of new competitor products, or an increase in market share of existing competitor products, any of which could have a significant adverse impact on our operating income; we operate in a heavily regulated industry, and we cannot predict the impact that any future legislation or administrative or executive action may have on our operations; our revenue is dependent mainly upon sales of our dermatology products and any setback relating to the sale of such products could impair our operating results; competition could limit our products' commercial opportunity and profitability, including competition from manufacturers of generic versions of our products; the risk that our products do not achieve broad market acceptance, including by government and third-party payors; our reliance third parties for several aspects of our operations; our dependence on our ability to identify, develop, and acquire or in-license products and integrate them into our operations, at which we may be unsuccessful; the dependence of the success of our business, including our ability to finance our company and generate additional revenue, on the successful commercialization of our recently approved product, Emrosi(TM), and any future product candidates that we may develop, in-license or acquire; clinical drug development is very expensive, time consuming, and uncertain and our clinical trials may fail to adequately demonstrate the safety and efficacy of our current or any future product candidates; our competitors could develop and commercialize products similar or

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August 12, 2025 16:01 ET (20:01 GMT)