earnings
confidence high
sentiment positive
materiality 0.75
Veru Q3 net rev $4.0M, net loss $0.07; Phase 2b QUALITY study fully enrolled (>150 pts), topline Jan 2025
VERU INC.
- Q3 net revenue $4.0M (up 21% YoY); operating loss $10.9M vs $13.7M.
- Net loss $11.0M ($0.07/sh) vs $12.5M ($0.14/sh) prior year.
- Phase 2b QUALITY trial full enrollment >150 patients achieved; topline lean body mass data expected Jan 2025.
- Cash $29.2M at June 30, 2024 vs $9.6M at Sept 30, 2023.
- Enobosarm aims to preserve muscle during GLP-1 weight loss; extension study data expected Q2 2025.