Veru Inc. reported a net loss of $5.3 million, or $0.26 per share, for the fiscal 2026 first quarter, a notable improvement from the $8.9 million net loss in the prior year. The company also saw a substantial increase in cash, cash equivalents, and restricted cash, reaching $33.0 million.
Net loss decreased to $5.3 million, or $0.26 per share, compared to $8.9 million, or $0.61 per share, in the prior year.
Operating loss from continuing operations decreased to $5.4 million from $10.2 million in the same period last year.
Cash, cash equivalents, and restricted cash significantly increased to $33.0 million as of December 31, 2025, from $15.8 million as of September 30, 2025.
Research and development expenses decreased to $1.3 million from $5.7 million in the prior year's quarter.
Veru plans to initiate the Phase 2b PLATEAU clinical trial for enobosarm in combination with semaglutide this calendar quarter, with interim analysis results anticipated in Q1 calendar year 2027. The trial aims to address weight loss plateaus and preserve lean mass in older patients with obesity.
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