NASDAQ$VRCA

Verrica Pharmaceuticals Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported financial results for the first quarter ended March 31, 2022.

Verrica Pharmaceuticals reported license revenues of $0.4 million and a net loss of $8.5 million, or $0.31 per share, for the first quarter of 2022. The company's cash, cash equivalents, marketable securities, and restricted cash totaled $61.9 million as of March 31, 2022.

  • Verrica achieved commercial readiness and entered the final stage of pre-launch operations for VP-102.
  • The PDUFA date for VP-102 is approaching, potentially becoming the first FDA-approved treatment for molluscum.
  • The first patient was dosed in the Phase 2 trial of LTX-315 in basal cell carcinoma.
  • Verrica believes its existing cash will be sufficient to support planned operations into the third quarter of 2022.

Headline financials

Total Revenue

$431K

Previous: $12M-96.4%
EPS (adj)

-$0.25

Previous: -$0.04-525.0%
Capital Expenditures

-$5K

Previous: -$311K+98.4%
Free Cash Flow

-$8.48M

Previous: -$1.25M-579.6%
Net Income

-$8.47M

Previous: -$936K-804.9%
Operating Income

-$7.41M

Previous: $60K-12450.0%
Gross Profit

$273K

No prior period
Cash & Equivalents

$10.4M

Previous: $44.1M-76.4%
Total Assets

$71.6M

Previous: $108M-33.8%

Revenue & EPS history

Verrica · Revenue · Quarterly

$431K

Q1 2022-96.4%vs Q1 2021
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

Verrica believes that its existing cash, cash equivalents and marketable securities as of March 31, 2022, will be sufficient to support planned operations into the third quarter of 2022.

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 2022

Historical avgQ1 2022

-2.7%

Avg return

Earnings day

-3.4%

Avg return

5 days after

-1.1%

Avg return

30 days after

42%

13 / 31 earnings

Positive

+18.6%

Q1 2024

Best reaction

-47.9%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.8%-15.3%-19.9%
Q4 2025+4.7%+3.2%-14.5%
Q3 2025+3.2%+15.8%+104.7%
Q1 2025+2.9%-0.8%-3.0%
Q4 2024-7.6%+0.5%-25.3%
Q3 2024-47.9%-45.8%-22.2%
Q2 2024-44.8%-43.8%-62.6%
Q1 2024+18.6%+8.4%+7.3%
Q4 2023-3.0%-10.1%+3.5%
Q3 2023-13.6%-17.7%+7.6%
Q2 2023+7.6%+1.6%-18.5%
Q1 2023-1.4%-7.1%-13.9%
Q4 2022-6.9%+1.5%-21.6%
Q3 2022-3.1%+3.1%+43.7%
Q2 2022+17.1%+9.6%+18.8%
Q1 2022-1.6%-7.8%-63.0%
Q4 2021+1.3%-7.7%+1.9%
Q3 2021-4.2%-5.9%-22.2%
Q2 2021-1.6%-0.7%+12.6%
Q1 2021-0.8%-0.2%-14.8%
Q4 2020-9.6%-0.2%+1.3%
Q3 2020+13.9%+13.1%+32.3%
Q2 2020+5.6%+4.8%+29.6%
Q1 2020+10.5%+2.8%+24.0%
Q4 2019-12.1%-7.5%+31.3%
Q3 2019+0.8%+4.0%-7.3%
Q2 2019+2.6%-9.3%-2.3%
Q1 2019+1.0%-3.3%-23.4%
Q4 2018-7.5%+1.1%-8.0%
Q3 2018-3.8%+5.6%-22.7%
Q2 2018-0.9%+2.7%+13.8%
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017

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