NASDAQ$VRNA

Verona Pharma plc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Verona Pharma reported Q3 2024 financial results, highlighting the launch of Ohtuvayre and ongoing clinical trials.

Verona Pharma reported Q3 net sales of $5.6 million for Ohtuvayre. The company initiated two Phase 2 clinical trials and cash and cash equivalents were $336.0 million as of September 30, 2024.

  • Ohtuvayre launch recorded Q3 net sales of $5.6 million.
  • October net sales exceeded Q3 sales.
  • Over 2,200 unique prescribers and 5,000 prescriptions filled across a broad COPD population.
  • Two Phase 2 programs were initiated.

Headline financials

Total Revenue

$5.62M

Previous: $0.00
EPS

-$0.07

Previous: -$0.16+56.3%
Capital Expenditures

-$45K

No prior period
Free Cash Flow

-$93.4M

Previous: -$12.7M-634.0%
Net Income

-$43M

Previous: -$14.7M-192.5%
Operating Income

-$40.7M

Previous: -$16.3M-149.3%
Gross Profit

$5.08M

Previous: $0.00
Cash & Equivalents

$336M

Previous: $257M+30.6%
Total Assets

$382M

Previous: $292M+30.5%
R&D Expense

$10.7M

Previous: $2.94M+262.5%
Stock-Based Comp

$7.65M

Previous: $5.08M+50.7%

Revenue & EPS history

Verona Pharma · Revenue · Quarterly

$5.62M

Q3 2024
Beat estimate in 3 of 7 quarters(43%)
ActualEstimate

Forward guidance

Verona Pharma believes cash and cash equivalents will enable them to fund planned operating expenses and capital expenditure requirements through at least the end of 2026.

Historical earnings impact

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

Avg. return before/after earnings

Based on 7 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

+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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