Verrica Pharmaceuticals Full Year 2023 Earnings: Revenues Beat Expectations, EPS In Line
Verrica Pharmaceuticals (NASDAQ:VRCA) Full Year 2023 Results
Key Financial Results
Net loss: US$67.0m (loss widened by 174% from FY 2022).
US$1.48 loss per share (further deteriorated from US$0.72 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Verrica Pharmaceuticals Revenues Beat Expectations
Revenue exceeded analyst estimates by 27%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Pharmaceuticals industry in the US.
Performance of the American Pharmaceuticals industry.
The company's shares are up 7.1% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Verrica Pharmaceuticals that you need to be mindful of.
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