NASDAQ$VERU

Veru Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported record fiscal year revenue and progress in clinical programs.

Veru Inc. reported a 33% increase in net revenues for the fourth quarter of fiscal year 2021, reaching $15.6 million compared to $11.7 million in the same period of the previous year. The company's gross profit also increased by 29% to $12.3 million. The company is advancing its drug pipeline, particularly in breast and prostate cancer treatments, and is awaiting the PDUFA date for ENTADFI.

  • Net revenues increased by 33% to $15.6 million compared to the previous year.
  • FC2 prescription net revenues climbed 55% to $13.6 million.
  • Gross profit increased by 29% to $12.3 million.
  • Operating loss was $1.9 million, improved from $11.3 million in the prior year which included a non-cash impairment charge.

Headline financials

Total Revenue

$15.6M

Previous: $11.7M+33.2%
EPS (adj)

-$0.05

Previous: $0.03-266.7%
Capital Expenditures

$222K

Previous: $32.3K+587.7%
Free Cash Flow

-$1.03M

Previous: -$373K-175.5%
Net Income

-$4.29M

Previous: -$11.8M+63.7%
Operating Income

-$1.87M

Previous: -$11.3M+83.4%
Gross Profit

$12.3M

Previous: $9.56M+28.7%
Cash & Equivalents

$122M

Previous: $13.6M+800.4%
Total Assets

$178M

Previous: $51.5M+245.6%
Stock-Based Comp

$1.36M

Previous: $665K+105.0%

Revenue & EPS history

Veru · Revenue · Quarterly

$15.6M

Q4 2021+33.2%vs Q4 2020
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

Veru anticipates continued progress in its clinical trials for breast and prostate cancer programs and awaits the FDA's decision on ENTADFI.

Tailwinds

  • Potential FDA approval of ENTADFI.
  • Advancement of breast and prostate cancer drug pipeline.
  • Phase 3 study of Sabizabulin for COVID-19 treatment with potential for significant impact.
  • Partnership with Roche/Ventana Diagnostics for companion diagnostic AR test.
  • Strong financial results enabling continued investment in oncology drug pipeline.

Headwinds

  • Risk of unsuccessful clinical study results.
  • Uncertainty regarding FDA approval of drug candidates.
  • Potential impact of COVID-19 vaccine distribution on the need for new treatments.
  • Reliance on international partners and government spending.
  • Potential delays in orders or shipments affecting operating results.

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 Q4 2021

Historical avgQ4 2021

+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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