NASDAQ$VERA

Vera Therapeutics Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Vera Therapeutics reported financial results for the quarter ended September 30, 2022.

Vera Therapeutics reported a net loss of $24.7 million for the third quarter of 2022. The company's cash, cash equivalents, and marketable securities totaled $114.4 million as of September 30, 2022. The pivotal Phase 3 COMPASS clinical trial of atacicept in lupus nephritis was initiated.

  • Phase 2b ORIGIN clinical trial of atacicept in IgA nephropathy (IgAN) topline data planned to be presented in early Q1 2023
  • Initiated the pivotal Phase 3 COMPASS clinical trial of atacicept in lupus nephritis
  • Presented positive final results from the Phase 2 trial of MAU868 versus placebo in kidney transplant recipients with reactivated BKV infection during ASN Kidney Week 2022
  • Strong balance sheet with $114.4 million in cash, cash equivalents, and marketable securities as of September 30, 2022

Headline financials

Total Revenue

$829K

No prior period
EPS (adj)

-$0.91

Previous: -$0.36-152.8%
Net Cash Used in Operating Activities

$46.4M

No prior period
Capital Expenditures

-$62K

No prior period
Free Cash Flow

-$24.7M

Previous: -$5.48M-351.1%
Net Income

-$24.7M

Previous: -$7.61M-224.3%
Operating Income

-$25.2M

Previous: -$7.25M-248.1%
Gross Profit

$829K

No prior period
Cash & Equivalents

$30.5M

Previous: $86.2M-64.6%
Total Assets

$131M

Previous: $91.2M+44.1%
Stock-Based Comp

$2.45M

Previous: $933K+162.8%

Revenue & EPS history

Vera · Revenue · Quarterly

$829K

Q3 2022

Forward guidance

Vera Therapeutics plans to announce topline data from the Phase 2b ORIGIN clinical trial of atacicept in IgAN in early first quarter of 2023 and expects to initiate a Phase 2b or Phase 3 clinical trial of MAU868 in BK viremia in kidney transplant recipients in 2023.

Tailwinds

  • Plan to announce topline data from the Phase 2b ORIGIN clinical trial of atacicept in IgAN in early first quarter of 2023
  • Expect to initiate a Phase 2b or Phase 3 clinical trial of MAU868 in BK viremia in kidney transplant recipients in 2023

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+0.2%

Avg return

Earnings day

+2.3%

Avg return

5 days after

+7.2%

Avg return

30 days after

55%

11 / 20 earnings

Positive

+15.6%

Q1 2022

Best reaction

-13.5%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%+0.3%-11.8%
Q4 2025+1.5%-5.7%-6.8%
Q3 2025+4.6%+23.3%+86.3%
Q1 2025-13.5%-15.0%+20.0%
Q4 2024+1.3%-0.7%-22.1%
Q3 2024+0.3%+1.3%+1.1%
Q2 2024+0.9%+6.5%+4.3%
Q1 2024-8.1%-9.1%-14.3%
Q4 2023-1.3%-5.2%-12.5%
Q3 2023+5.4%+18.2%+18.9%
Q2 2023-0.1%-4.3%-0.1%
Q1 2023-1.7%+0.0%+0.9%
Q4 2022+4.4%+6.3%-14.2%
Q3 2022-3.2%-3.8%-2.1%
Q2 2022+7.8%+20.6%+11.4%
Q1 2022+15.6%+11.4%-8.5%
Q4 2021+10.2%+11.2%+5.2%
Q3 2021-11.6%-7.1%-3.3%
Q2 2021+0.3%+11.6%+80.6%
Q1 2021-7.6%-13.6%+11.0%
Q4 2020
Q3 2020
Q2 2020
Q1 2020

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