Comparing SG&A Expenses: Verona Pharma plc vs Veracyte, Inc. Trends and Insights

SG&A Expenses: Verona Pharma vs Veracyte - A Decade of Growth

__timestampVeracyte, Inc.Verona Pharma plc
Wednesday, January 1, 2014407860001802274
Thursday, January 1, 2015478760002512761
Friday, January 1, 2016520350002894488
Sunday, January 1, 2017553480008096274
Monday, January 1, 2018652760007985229
Tuesday, January 1, 2019827200008994597
Wednesday, January 1, 20208911800029772000
Friday, January 1, 202118119300033907000
Saturday, January 1, 202217407800026579000
Sunday, January 1, 202318423200049868547
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Igniting the spark of knowledge

SG&A Expenses: A Tale of Two Companies

In the dynamic world of biotechnology, understanding financial trends is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of Verona Pharma plc and Veracyte, Inc. over the past decade. From 2014 to 2023, Veracyte, Inc. has consistently outpaced Verona Pharma in SG&A spending, with a notable increase of over 350% from 2014 to 2023. In contrast, Verona Pharma's expenses grew by approximately 2,670% during the same period, reflecting its aggressive expansion strategy.

Key Insights

  • Veracyte, Inc.: Peaked in 2023 with expenses reaching nearly 184 million, a 350% increase from 2014.
  • Verona Pharma plc: Showed a dramatic rise, especially post-2019, culminating in a 2,670% increase by 2023.
    These trends highlight the strategic financial maneuvers of both companies in a competitive market.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025