NASDAQ$VERU

Veru Inc · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Announced fiscal 2025 first quarter financial results and progress in clinical programs.

Veru reported a net loss of $8.9 million, or $0.06 per share, for the first quarter of fiscal 2025. The company sold its FC2 Female Condom business for $18 million and announced positive Phase 2b QUALITY study topline results for enobosarm + semaglutide.

  • Reported positive Phase 2b QUALITY study topline results for enobosarm + semaglutide (Wegovy®).
  • The Independent Data Monitoring Committee recommended to continue the QUALITY extension study as designed.
  • Topline results of the Phase 2b extension maintenance study to reduce fat regain following discontinuation of GLP-1 RA are expected in the second quarter of calendar 2025.
  • Announced new cardiometabolic indication for sabizabulin to treat inflammation in atherosclerotic coronary artery disease.

Headline financials

Total Revenue

$0.00

Previous: $2.14M-100.0%
EPS

-$0.06

Previous: -$0.08+25.0%
Research and development expenses

$5.72M

No prior period
Operating loss from continuing operations

-$10.2M

No prior period
Net loss from continuing operations

-$1.81M

No prior period
Net loss from discontinued operations

-$7.14M

No prior period
Gain on sale of ENTADFI assets

$695K

No prior period
Total non-operating income

$8.44M

No prior period
Cash, cash equivalents, and restricted cash

$15.8M

No prior period
Total assets

$29.8M

No prior period
Capital Expenditures

-$1.08K

Previous: -$286K+99.6%
Free Cash Flow

-$8.95M

Previous: -$8.56M-4.5%
Net Income

-$8.95M

Previous: -$8.28M-8.1%
Operating Income

-$10.2M

Previous: -$7.88M-30.0%
Gross Profit

$0.00

Previous: $1.15M-100.0%

Revenue & EPS history

Veru · Revenue · Quarterly

$0

Q1 2025-100%vs Q1 2024
Beat estimate in 4 of 11 quarters(36%)
ActualEstimate

Forward guidance

Veru is focused on developing innovative medicines for cardiometabolic and inflammatory diseases, with key programs advancing in clinical trials and new indications being explored.

Tailwinds

  • The ongoing Phase 2b extension clinical trial will evaluate whether enobosarm can maintain muscle and prevent the fat regain that generally occurs after discontinuing a GLP-1 RA.
  • The Company plans to present the full clinical efficacy and safety data set for the Phase 2b QUALITY clinical study in future scientific conferences and publications after the Phase 2b extension portion of the study is completed and unblinded.
  • As the Phase 2b QUALITY study has positive topline clinical results, we plan to move forward to request an end of Phase 2 meeting with the FDA.
  • The oral enobosarm modified release drug formulation will be utilized for the Phase 3 clinical studies and for commercialization.
  • Veru currently has sufficient drug substance to supply the proposed Phase 2 clinical study.

Headwinds

  • Safety data for the Phase 2b QUALITY study remains blinded as the Phase 2b extension clinical study portion is ongoing.
  • The FDA also requested that the Company conduct chronic nonclinical toxicology animal studies to support the chronic use of sabizabulin for this indication.
  • If the Company decides to pursue the Phase 2 clinical study, the Company plans to partner with the Colorado Prevention Center, Aurora, Colorado and Lundquist Institute, Torrence, California.
  • The chronic nonclinical toxicology studies are expected to be completed and a new IND for the proposed indication is planned to be submitted by the first half calendar 2026.
  • The Company’s failure to timely file certain reports in February 2024 may impair its ability to raise capital under the Company’s current effective shelf registration statement on Form S-3 or under a new registration statement

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 Q1 2025

Historical avgQ1 2025

+1.5%

Avg return

Earnings day

+8.3%

Avg return

5 days after

+9.6%

Avg return

30 days after

45%

30 / 66 earnings

Positive

+83.7%

Q4 2020

Best reaction

-23.5%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+1.8%-6.7%+33.8%
Q1 2026-0.4%-0.9%+3.5%
Q4 2025-8.4%-6.1%+10.2%
Q3 2025-12.0%+0.0%-0.8%
Q2 2025+4.1%+4.0%+24.0%
Q1 2025-4.5%+0.0%-12.7%
Q4 2024-1.3%-9.7%+2.8%
Q3 2024+7.1%+6.5%+10.4%
Q4 2023+3.5%+11.8%-4.7%
Q2 2024-16.0%-18.4%-43.6%
Q1 2024-13.7%-13.6%+47.7%
Q3 2023+5.6%+3.7%-4.6%
Q2 2023-23.5%-27.5%-12.1%
Q1 2023-19.1%-21.8%-57.5%
Q4 2022+2.9%-0.5%-1.3%
Q3 2022+62.1%+89.0%+32.3%
Q2 2022+59.3%+91.2%+60.8%
Q1 2022+9.4%+7.4%-8.8%
Q4 2021-12.3%-8.1%-14.8%
Q3 2021+8.8%-2.0%+31.3%
Q2 2021-3.2%+3.7%+18.7%
Q1 2021-2.3%+7.8%-22.3%
Q4 2020+83.7%+198.5%+193.8%
Q3 2020-11.6%-10.9%-9.9%
Q2 2020+13.9%+10.5%-5.4%
Q1 2020+0.9%-0.9%-29.8%
Q4 2019-1.6%+17.1%+64.5%
Q3 2019-14.0%-11.0%-16.2%
Q2 2019-4.8%-1.8%+20.8%
Q1 2019-8.1%-10.7%+0.0%
Q4 2018-4.9%+0.7%-1.4%
Q3 2018+1.0%+1.0%-13.6%
Q2 2018-1.2%+6.6%+18.7%
Q1 2018+0.8%+2.3%+50.4%
Q4 2017+28.9%+29.8%+10.5%
Q3 2017-11.3%-4.0%+2.0%
Q2 2017-1.0%-2.9%+17.6%
Q1 2017+1.9%+3.8%-1.9%
Q4 2016-6.2%-8.8%-10.6%
Q3 2016-2.3%+1.6%+2.3%
Q2 2016-12.3%
Q1 2016+10.2%
Q4 2015+0.6%
Q3 2015+9.9%
Q2 2015-8.1%
Q1 2015+2.9%
Q4 2014-8.5%
Q3 2014-5.8%
Q2 2014-3.7%
Q1 2014-4.1%
Q4 2013+3.4%
Q3 2013-3.3%
Q2 2013+5.8%
Q1 2013-4.2%
Q4 2012-0.7%
Q3 2012+4.7%
Q2 2012-9.2%
Q1 2011+1.5%
Q1 2012+4.7%
Q4 2009+5.5%
Q4 2011+5.5%
Q2 2011+5.5%
Q4 2010-5.4%
Q3 2010-5.4%
Q3 2011-5.4%
Q2 2010+0.9%

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