NASDAQ$VRNA

Verona Pharma plc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Verona Pharma reported its financial results and provided a corporate update for the first quarter of 2021.

Verona Pharma announced its Q1 2021 financial results, highlighting the ongoing patient recruitment for the Phase 3 ENHANCE clinical program and expecting to complete enrollment in both studies in the second half of 2021. They also reported results from two clinical studies and strengthened their board with the appointment of Lisa Deschamps.

  • Patient recruitment is ongoing in Phase 3 ENHANCE clinical program, with completion expected in 2H21.
  • Top-line data from ENHANCE-2 is expected in the first half of 2022, and from ENHANCE-1 in the second half of 2022.
  • Positive Phase 2 results were reported with the pMDI formulation of ensifentrine in moderate to severe COPD patients.
  • A pilot study showed pMDI ensifentrine added to standard of care was well tolerated in patients hospitalized with COVID-19, though no benefit was observed.

Headline financials

EPS (adj)

-$0.40

No prior period
Free Cash Flow

-$18.6M

No prior period
Net Income

-$21.3M

No prior period
Operating Income

-$22.9M

No prior period
Cash & Equivalents

$170M

No prior period
Total Assets

$190M

No prior period
Stock-Based Comp

$8.85M

No prior period

Revenue & EPS history

Verona Pharma · Revenue · Quarterly

$103M

Q2 2025
Beat estimate in 1 of 3 quarters(33%)
ActualEstimate

Forward guidance

Verona Pharma is focused on completing enrollment in the Phase 3 ENHANCE program and reporting top-line data from the studies in 2022.

Historical earnings impact

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

Avg. return before/after earnings

Based on 7 quarterly earnings reports

Historical avg

+3.3%

Avg return

Earnings day

+7.2%

Avg return

5 days after

+5.6%

Avg return

30 days after

48%

12 / 25 earnings

Positive

+56.8%

Q2 2022

Best reaction

-14.7%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025
Q3 2025
Q2 2025-0.0%-0.1%+0.9%
Q1 2025+6.4%+5.6%+12.5%
Q4 2024+5.7%+6.4%+1.5%
Q3 2024+9.7%+10.2%+14.0%
Q2 2024+15.8%+36.5%+35.1%
Q1 2024-0.2%-6.8%-18.4%
Q4 2023+5.4%-1.1%-6.4%
Q3 2023+7.6%
Q2 2023-3.4%
Q1 2023+7.1%
Q4 2022-8.5%
Q3 2022-5.8%
Q2 2022+56.8%
Q1 2022+3.8%
Q4 2021-1.1%
Q3 2021-1.7%
Q2 2021+3.9%
Q1 2021-4.4%
Q4 2020-0.1%
Q2 2020+10.3%
Q4 2019-14.7%
Q4 2018-3.3%
Q3 2018+2.1%
Q4 2017-3.5%
Q3 2017-4.2%
Q4 2016
Q3 2016
Q2 2016
Q4 2015
Q4 2014
Q4 2013
Q4 2012

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