NASDAQ$VRCA

Verrica Pharmaceuticals Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and year ended December 31, 2022.

Verrica Pharmaceuticals reported collaboration revenues of $0.1 million and a net loss of $5.9 million for the fourth quarter of 2022. The company's research and development expenses were $3.0 million, while general and administrative expenses totaled $3.2 million. As of December 31, 2022, Verrica had cash and cash equivalents of $34.3 million.

  • FDA accepted the filing of the resubmission of the NDA for VP-102 for the treatment of molluscum contagiosum.
  • VP-315 continues to advance, and the company remains on track to dose patients in Part 2 of its ongoing Phase 2 trial in the second quarter.
  • The company continues to make progress in its pre-commercial activities as it prepares for a potential U.S. launch of VP-102.
  • Raised gross proceeds of $32.5 million in secondary offering; pro forma cash and cash equivalents to fund planned operations into 1Q 2024.

Headline financials

Total Revenue

$68K

Previous: -$12M+100.6%
EPS (adj)

-$0.14

Previous: -$0.35+60.0%
Capital Expenditures

$66K

Previous: $237K-72.2%
Free Cash Flow

-$5.02M

Previous: -$8.94M+43.8%
Net Income

-$5.9M

Previous: -$9.54M+38.2%
Operating Income

-$6.21M

Previous: -$8.47M+26.6%
Gross Profit

$6K

No prior period
Cash & Equivalents

$34.3M

Previous: $70.4M-51.2%
Total Assets

$44.7M

Previous: $80.1M-44.2%

Revenue & EPS history

Verrica · Revenue · Quarterly

$68K

Q4 2022-100.6%vs Q4 2021
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

Verrica believes it has sufficient cash and cash equivalents to support planned operations into the first quarter of 2024.

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 2022

Historical avgQ4 2022

-2.7%

Avg return

Earnings day

-3.4%

Avg return

5 days after

-0.4%

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%
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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro