Veritas Farms Past Earnings Performance
Past criteria checks 0/6
Veritas Farms has been growing earnings at an average annual rate of 12.7%, while the Pharmaceuticals industry saw earnings growing at 1.2% annually. Revenues have been declining at an average rate of 47.9% per year.
Key information
12.7%
Earnings growth rate
32.4%
EPS growth rate
| Pharmaceuticals Industry Growth | 6.0% |
| Revenue growth rate | -47.9% |
| Return on equity | -2,772.6% |
| Net Margin | -696.2% |
| Last Earnings Update | 30 Sep 2023 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses Breakdown
How Veritas Farms makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 23 | 1 | -6 | 3 | 0 |
| 30 Jun 23 | 1 | -6 | 3 | 0 |
| 31 Mar 23 | 1 | -5 | 4 | 0 |
| 31 Dec 22 | 1 | -6 | 4 | 0 |
| 30 Sep 22 | 2 | -7 | 5 | 0 |
| 30 Jun 22 | 2 | -7 | 6 | 0 |
| 31 Mar 22 | 2 | -7 | 6 | 0 |
| 31 Dec 21 | 3 | -7 | 6 | 0 |
| 30 Sep 21 | 3 | -6 | 7 | 0 |
| 30 Jun 21 | 4 | -6 | 8 | 0 |
| 31 Mar 21 | 6 | -6 | 9 | 0 |
| 31 Dec 20 | 6 | -8 | 10 | 0 |
| 30 Sep 20 | 6 | -10 | 13 | 0 |
| 30 Jun 20 | 6 | -12 | 14 | 0 |
| 31 Mar 20 | 7 | -12 | 15 | 0 |
| 31 Dec 19 | 7 | -11 | 15 | 0 |
| 30 Sep 19 | 7 | -9 | 13 | 0 |
| 30 Jun 19 | 6 | -6 | 10 | 0 |
| 31 Mar 19 | 3 | -5 | 7 | 0 |
| 31 Dec 18 | 2 | -4 | 5 | 0 |
| 30 Sep 18 | 2 | -3 | 3 | 0 |
| 30 Jun 18 | 1 | -2 | 2 | 0 |
| 31 Mar 18 | 1 | -2 | 2 | 0 |
| 31 Dec 17 | 1 | -2 | 2 | 0 |
| 30 Sep 17 | 1 | -2 | 1 | 0 |
| 30 Jun 17 | 1 | -2 | 1 | 0 |
| 31 Mar 17 | 0 | -2 | 1 | 0 |
| 31 Dec 16 | 0 | -1 | 1 | 0 |
Quality Earnings: VFRM is currently unprofitable.
Growing Profit Margin: VFRM is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if VFRM's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare VFRM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: VFRM is unprofitable, making it difficult to compare its past year earnings growth to the Pharmaceuticals industry (54.6%).
Return on Equity
High ROE: VFRM has a negative Return on Equity (-2772.64%), as it is currently unprofitable.