Verrica Pharmaceuticals First Quarter 2023 Earnings: EPS Beats Expectations, Revenues Lag
Verrica Pharmaceuticals (NASDAQ:VRCA) First Quarter 2023 Results
Key Financial Results
Revenue: US$37.0k (down 91% from 1Q 2022).
Net loss: US$6.59m (loss narrowed by 22% from 1Q 2022).
US$0.15 loss per share (improved from US$0.31 loss in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Verrica Pharmaceuticals EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 94%. Earnings per share (EPS) exceeded analyst estimates by 27%.
Looking ahead, revenue is forecast to grow 61% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Pharmaceuticals industry in the US.
Performance of the American Pharmaceuticals industry.
The company's shares are up 5.7% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Verrica Pharmaceuticals that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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