Overview
Verrica Q3 revenue at $14.3 mln, driven by YCANTH and collaboration revenue
Net loss for Q3 narrows to $0.3 mln from $22.9 mln last year
Received $10 mln milestone payment for YCANTH approval in Japan
Outlook
Verrica expects to launch YCANTH Rx in Q4 2025
Company plans first patient enrollment for YCANTH Phase 3 in US by end of 2025
Verrica receives EMA feedback supporting YCANTH registration in Europe
Result Drivers
YCANTH SALES - Revenue driven by $3.6 mln from YCANTH sales and increased applicator units dispensed
COLLABORATION REVENUE - $10.7 mln in collaboration revenue, including $10 mln milestone from Torii for YCANTH approval in Japan
REGULATORY MILESTONES - Positive feedback from FDA and EMA for YCANTH and VP-315 development programs
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
-$274,000
Q3 Income from Operations
$1.63 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the pharmaceuticals peer group is "buy"
Wall Street's median 12-month price target for Verrica Pharmaceuticals Inc is $19.00, about 79.6% above its November 13 closing price of $3.87
Press Release: ID:nGNX3dcBGf
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)