VirnetX Holding Past Earnings Performance
Past criteria checks 0/6
VirnetX Holding's earnings have been declining at an average annual rate of -39.5%, while the Software industry saw earnings growing at 13% annually. Revenues have been declining at an average rate of 49% per year.
Key information
-39.5%
Earnings growth rate
-39.2%
EPS growth rate
| Software Industry Growth | 17.3% |
| Revenue growth rate | -49.0% |
| Return on equity | -53.1% |
| Net Margin | -395,642.9% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
We're Keeping An Eye On VirnetX Holding's (NYSE:VHC) Cash Burn Rate
Feb 24
We're Not Very Worried About VirnetX Holding's (NYSE:VHC) Cash Burn Rate
Aug 10Here's Why We're Not Too Worried About VirnetX Holding's (NYSE:VHC) Cash Burn Situation
Apr 19Companies Like VirnetX Holding (NYSE:VHC) Can Afford To Invest In Growth
Jan 04VirnetX Holding (NYSE:VHC) Is In A Strong Position To Grow Its Business
Aug 23VirnetX shares up 13% after jury tells Apple to pay $503M in patent damages
Nov 02Revenue & Expenses Breakdown
How VirnetX Holding 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 |
|---|---|---|---|---|
| 31 Mar 24 | 0 | -28 | 21 | 10 |
| 31 Dec 23 | 0 | -28 | 22 | 10 |
| 30 Sep 23 | 0 | -45 | 18 | 10 |
| 30 Jun 23 | 0 | -44 | 18 | 10 |
| 31 Mar 23 | 0 | -37 | 14 | 7 |
| 31 Dec 22 | 0 | -36 | 16 | 6 |
| 30 Sep 22 | 0 | -18 | 12 | 6 |
| 30 Jun 22 | 0 | -17 | 10 | 6 |
| 31 Mar 22 | 0 | -20 | 10 | 6 |
| 31 Dec 21 | 0 | -43 | 11 | 6 |
| 30 Sep 21 | 0 | -44 | -13 | 5 |
| 30 Jun 21 | 0 | -45 | -12 | 5 |
| 31 Mar 21 | 0 | -46 | -9 | 8 |
| 31 Dec 20 | 303 | 280 | 17 | 9 |
| 30 Sep 20 | 303 | 283 | 38 | 8 |
| 30 Jun 20 | 303 | 282 | 38 | 8 |
| 31 Mar 20 | 303 | 286 | 35 | 5 |
| 31 Dec 19 | 0 | -19 | 10 | 4 |
| 30 Sep 19 | 0 | -21 | 17 | 5 |
| 30 Jun 19 | 0 | -21 | 17 | 5 |
| 31 Mar 19 | 0 | -23 | 19 | 5 |
| 31 Dec 18 | 0 | -25 | 21 | 5 |
| 30 Sep 18 | 0 | -25 | 21 | 5 |
| 30 Jun 18 | 1 | -24 | 20 | 4 |
| 31 Mar 18 | 1 | -21 | 18 | 4 |
| 31 Dec 17 | 2 | -17 | 15 | 4 |
| 30 Sep 17 | 2 | -18 | 16 | 4 |
| 30 Jun 17 | 2 | -22 | 19 | 3 |
| 31 Mar 17 | 2 | -24 | 22 | 3 |
| 31 Dec 16 | 2 | -29 | 25 | 4 |
| 30 Sep 16 | 2 | -29 | 27 | 2 |
| 30 Jun 16 | 2 | -28 | 26 | 2 |
| 31 Mar 16 | 2 | -32 | 26 | 2 |
| 31 Dec 15 | 2 | -29 | 23 | 2 |
| 30 Sep 15 | 2 | -14 | 25 | 2 |
| 30 Jun 15 | 2 | -13 | 26 | 2 |
| 31 Mar 15 | 1 | -10 | 27 | 2 |
| 31 Dec 14 | 1 | -10 | 28 | 2 |
| 30 Sep 14 | 1 | -25 | 26 | 2 |
| 30 Jun 14 | 2 | -25 | 26 | 2 |
| 31 Mar 14 | 2 | -26 | 26 | 2 |
| 31 Dec 13 | 2 | -28 | 29 | 2 |
| 30 Sep 13 | 2 | -27 | 32 | 2 |
| 30 Jun 13 | 1 | -27 | 35 | 2 |
Quality Earnings: VHC is currently unprofitable.
Growing Profit Margin: VHC is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: VHC is unprofitable, and losses have increased over the past 5 years at a rate of 39.5% per year.
Accelerating Growth: Unable to compare VHC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: VHC is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (23%).
Return on Equity
High ROE: VHC has a negative Return on Equity (-53.07%), as it is currently unprofitable.