VRNA — Stock Film
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Stock Expert AI presents
VRNA
Verona Pharma plc
~4 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
Verona Pharma plc. What it actually does.

Develops therapies for respiratory diseases. Focuses on unmet medical needs in respiratory care. Now — the numbers.

on the stock market since 2017
209 employees
$73B market value
WHERE DOES THE MONEY COME FROM?
100%Products
ProductsProduct and Service, Other <1%
100% of all revenue comes from a single line: Products.

That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.

Revenue last year:
$33.8M
The loss that same year:
$138.5M
For every $1 it earns, the company spends $5.

The company is still in the product-building phase: its spending runs far above its sales. That only changes once the product starts selling at scale.

THE SALES TREND
The sales picture, year by year.

Red columns mark years that ended in a loss.

$0
2020
2021
2022
2023
$33.8M
2024
In the vault right now:
$399.8M
DEBT: $122.7M
At this pace, that money lasts about 2.9 years.

At this burn rate the cash pile isn’t the pressing question — for now, time is on the company’s side.

Every quarter, analysts set a profit bar.
How many of the last 8 did the company clear?
3 / 8
EXPECTATIONS MET OR BEATEN
3
Feb 2024
Nov 2025
3 TIMES IN THE LAST 8 QUARTERS
It misses the bar more often than not.
THE PRICE TAG
MARKET VALUE / ANNUAL SALES
2,152.2×

This company is not turning a profit, so the market is pricing its sales instead: 2,152.2× for every dollar of annual revenue.

Analysts' average target sits 29% below today's price.

THE FIVE-YEAR JOURNEY
Bumpy, but the direction is up.

The stock trades near its peak today. For long-term holders the ride has paid off so far — though past performance guarantees nothing about the future.

1
THE BRIGHT SIDE · 1/2
The product is selling

Sales run at $33.8M a year. A small number, but proof the product has real buyers.

2
THE BRIGHT SIDE · 2/2
Strong cash, light debt

There is $399.8M in the vault; even if every debt were paid off, $277.1M would remain.

1
THE RISKS · 1/2
Small sales, big loss

A loss of $138.5M against $33.8M in annual sales.

2
THE RISKS · 2/2
The price sits above analysts’ target

The stock trades 29% above the average analyst price target.

FINALE · THE GRADE
grade pending

We don’t have a report card for this stock yet — the data isn’t mature enough to grade. No grade is information too: it means the evidence is thin.

One-line summary: few numbers, an untested story. Keep watching.

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This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film