VirnetX Holding Corporation

NYSE:VHC Stock Report

Market Cap: US$29.3m

VirnetX Holding Management

Management criteria checks 1/4

VirnetX Holding's CEO is Kendall Larsen, appointed in Jun 2007, has a tenure of 17.58 years. total yearly compensation is $2.10M, comprised of 37.6% salary and 62.4% bonuses, including company stock and options. directly owns 10.87% of the company’s shares, worth $3.18M. The average tenure of the management team and the board of directors is 13.8 years and 0.8 years respectively.

Key information

Kendall Larsen

Chief executive officer

US$2.1m

Total compensation

CEO salary percentage37.6%
CEO tenure17.6yrs
CEO ownership10.9%
Management average tenure13.8yrs
Board average tenureless than a year

Recent management updates

Here's Why Shareholders May Want To Be Cautious With Increasing VirnetX Holding Corporation's (NYSE:VHC) CEO Pay Packet

Jun 07
Here's Why Shareholders May Want To Be Cautious With Increasing VirnetX Holding Corporation's (NYSE:VHC) CEO Pay Packet

Recent updates

Will VirnetX Holding (NYSE:VHC) Spend Its Cash Wisely?

Oct 18
Will VirnetX Holding (NYSE:VHC) Spend Its Cash Wisely?

Here's Why Shareholders May Want To Be Cautious With Increasing VirnetX Holding Corporation's (NYSE:VHC) CEO Pay Packet

Jun 07
Here's Why Shareholders May Want To Be Cautious With Increasing VirnetX Holding Corporation's (NYSE:VHC) CEO Pay Packet

We're Keeping An Eye On VirnetX Holding's (NYSE:VHC) Cash Burn Rate

Feb 24
We're Keeping An Eye On VirnetX Holding's (NYSE:VHC) Cash Burn Rate

We're Not Very Worried About VirnetX Holding's (NYSE:VHC) Cash Burn Rate

Aug 10
We're Not Very Worried About VirnetX Holding's (NYSE:VHC) Cash Burn Rate

Here's Why We're Not Too Worried About VirnetX Holding's (NYSE:VHC) Cash Burn Situation

Apr 19
Here's Why We're Not Too Worried About VirnetX Holding's (NYSE:VHC) Cash Burn Situation

Companies Like VirnetX Holding (NYSE:VHC) Can Afford To Invest In Growth

Jan 04
Companies Like VirnetX Holding (NYSE:VHC) Can Afford To Invest In Growth

VirnetX Holding (NYSE:VHC) Is In A Strong Position To Grow Its Business

Aug 23
VirnetX Holding (NYSE:VHC) Is In A Strong Position To Grow Its Business

VirnetX shares up 13% after jury tells Apple to pay $503M in patent damages

Nov 02

CEO Compensation Analysis

How has Kendall Larsen's remuneration changed compared to VirnetX Holding's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$19m

Jun 30 2024n/an/a

-US$20m

Mar 31 2024n/an/a

-US$28m

Dec 31 2023US$2mUS$790k

-US$28m

Sep 30 2023n/an/a

-US$45m

Jun 30 2023n/an/a

-US$44m

Mar 31 2023n/an/a

-US$37m

Dec 31 2022US$2mUS$759k

-US$36m

Sep 30 2022n/an/a

-US$18m

Jun 30 2022n/an/a

-US$17m

Mar 31 2022n/an/a

-US$20m

Dec 31 2021US$2mUS$730k

-US$43m

Sep 30 2021n/an/a

-US$44m

Jun 30 2021n/an/a

-US$45m

Mar 31 2021n/an/a

-US$46m

Dec 31 2020US$3mUS$702k

US$280m

Sep 30 2020n/an/a

US$283m

Jun 30 2020n/an/a

US$282m

Mar 31 2020n/an/a

US$286m

Dec 31 2019US$1mUS$725k

-US$19m

Sep 30 2019n/an/a

-US$21m

Jun 30 2019n/an/a

-US$21m

Mar 31 2019n/an/a

-US$23m

Dec 31 2018US$2mUS$697k

-US$25m

Compensation vs Market: Kendall's total compensation ($USD2.10M) is above average for companies of similar size in the US market ($USD649.25K).

Compensation vs Earnings: Kendall's compensation has increased whilst the company is unprofitable.

CEO

Kendall Larsen (67 yo)

17.6yrs

Tenure

US$2,099,250

Compensation

Mr. Kendall Larsen has been the Chief Executive Officer of VirnetX Holding Corp since June 10, 2007 and serves as its President since July 5, 2007 respectively and VirnetX Inc. since August 2005. Mr. Larse...

Leadership Team

NamePositionTenureCompensationOwnership
Kendall Larsen
Chairman of the Board of Directors17.6yrsUS$2.10m10.87%
$ 3.2m
Katherine Allanson
Chief Financial Officer3.3yrsUS$636.98k0.84%
$ 246.5k
Robert Short
Chief Scientist18.7yrsUS$2.20m1.14%
$ 335.1k
Kathleen Larsen
Co-Founderno datano data2.81%
$ 822.9k
Darl McBride
Chief Operating Officerless than a yearno data0.16%
$ 45.8k
John Jamison
Chief Technical Officerless than a yearno datano data
Greg Wood
Vice President of Corporate Communications13.8yrsno datano data
Sameer Mathur
Vice President of Corporate Development & Product Marketing17.5yrsno datano data

13.8yrs

Average Tenure

66yo

Average Age

Experienced Management: VHC's management team is seasoned and experienced (13.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Kendall Larsen
Chairman of the Board of Directors17.6yrsUS$2.10m10.87%
$ 3.2m
Thomas O'Brien
Independent Director17.5yrsUS$87.26k0.33%
$ 96.8k
Lance Lord
Member of Strategic Defense Advisory Boardless than a yearno datano data
Michael Angelo
Independent Director17.5yrsUS$82.01k0.20%
$ 57.6k
Daniel Leaf
Member of Strategic Defense Advisory Boardless than a yearno datano data
Gary Feiner
Independent Director11yrsUS$73.11k0.10%
$ 29.4k
Heidy Kingwan Chow
Directorless than a yearno data0.60%
$ 176.6k
Nina Armagno
Member of Strategic Defense Advisory Boardless than a yearno datano data
A Ballard
Member of Strategic Defense Advisory Boardless than a yearno datano data

0.8yrs

Average Tenure

61yo

Average Age

Experienced Board: VHC's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 05:07
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

VirnetX Holding Corporation is covered by 5 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert TangoCraig-Hallum Capital Group LLC
Robert WassermanDawson James Securities
Robert TangoGilford Securities