Filing Flows › Veru (VERU) › Q4 FY24
Veru (VERU) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 16, 2024
Veru (VERU) reported revenue of $6.7M for the fourth quarter fiscal 2024 (Q4 FY24), +72% from a year earlier and +68% from the quarter before. Operating margin was -112.1%, net loss $8.5M (128.2% of revenue).
Veru, Q4 FY24: revenue $6.7M (+72% year over year), operating margin -112.1%, net loss $8.5M, operating cash flow −$4.4M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.7M | +68% | +72% |
| Operating profit | −$7.5M | — | — |
| Net earnings | −$8.5M | — | — |
| Operating cash flow | −$4.4M | — | — |
What changed
Revenue was $6.7M in Q4 FY24, up 72% year over year and up 68% from the previous quarter.
Gross margin was 40.4%, up 0.5 points from a year earlier. Operating costs exceeded revenue by $7.5M, an operating margin of -112.1%. Operating expenses grew 4% against revenue growth of 72%. The quarter ended with a net loss of $8.5M, narrower than the previous quarter's $11.0M loss.
Operating cash flow was −$4.4M. Non-cash charges added back $65K of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items added $873K. Capital expenditures of $63K exceeded it, leaving free cash flow of −$4.4M.
Questions
What was Veru's revenue in the fourth quarter fiscal 2024?
Veru (VERU) reported revenue of $6.7M for the fourth quarter fiscal 2024 (Q4 FY24), +72% from a year earlier and +68% from the quarter before.
Was Veru profitable in the fourth quarter fiscal 2024?
Operating loss was $7.5M (-112.1% of revenue) and net loss $8.5M.
Source: Veru 10-K on SEC EDGAR.