enGene Therapeutics Inc
ENGNHealthcare·Biotechnology·Canada·Micro·NASD·Nov 11 • 3:59 PM ET
1.80+0.13 (7.78%)
2026-11-12 04:31 CET
Market cap
120.63 USD m
Revenue, TTM
0.00 USD m
Net income, TTM
-130.36 USD m
Free cash flow, TTM
-104.00 USD m
EPS diluted, TTM
-2.08
P/E
-
Price
ENGN against its 20, 50 and 200-day averages2050200beatmiss
85.3% under the 52-week high of 12.25 on 23 Jan 2026. 52-week low 1.40 on 12 May 2026. Last 15 sessions, 24.8% high to low
Volume 3.41× normal · the line is the 50-bar volume average
Profile
ENGN52-week range, 4% of the way up
1.4012.25
enGene Therapeutics, Inc. is a clinical-stage biotechnology company, which engages in developing gene therapies. It is developing non-viral gene therapies based on its novel and proprietary dually derived chitosan, or DDX, gene delivery platform, which allows localized delivery of multiple gene cargos directly to mucosal tissues and other organs. The company was founded by Anthony T. Cheung on April 24, 2023 and is headquartered in Saint-Laurent, Canada.
| Employees | 82 |
|---|---|
| IPO | Feb 01, 2022 |
| Beta | -0.25 |
| ATR, 14d | 0.11 |
| Rel volume | 3.41 |
| Short float | 5.71% |
| Insider own | 57.56% |
| Inst own | 41.92% |
Snapshot
6 groupsValuation
| Index | - |
|---|---|
| Market Cap | 120.63M |
| Enterprise Value | -112.50M |
| Income | -130.36M |
| Sales | 0.00M |
| Book/sh | 3.44 |
| Cash/sh | 3.98 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 82 |
| IPO | Feb 01, 2022 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | - |
| P/B | 0.52 |
| P/C | 0.45 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | - |
| Quick Ratio | 10.21 |
| Current Ratio | 10.21 |
| Debt/Eq | 0.14 |
| LT Debt/Eq | 0.13 |
| Option/Short | Yes / Yes |
Earnings
| EPS (ttm) | -2.08 |
|---|---|
| EPS next Y | -1.50 |
| EPS next Q | -0.46 |
| EPS this Y | 20.83% |
| EPS next Y | 17.38% |
| EPS next 5Y | 23.88% |
| EPS past 3/5Y | - -255.92% |
| Sales past 3/5Y | - - |
| EPS Y/Y TTM | -9.75% |
| Sales Y/Y TTM | - |
| EPS Q/Q | 17.85% |
| Sales Q/Q | - |
| Earnings | Sep 08 BMO |
| EPS/Sales Surpr. | -10.17% - |
Ownership
| Insider Own | 57.56% |
|---|---|
| Insider Trans | 0.01% |
| Inst Own | 41.92% |
| Inst Trans | -21.74% |
| ROA | -48.84% |
| ROE | -60.50% |
| ROIC | -49.92% |
| Gross Margin | - |
| Oper. Margin | - |
| Profit Margin | - |
| SMA20 | 10.33% |
| SMA50 | 1.64% |
| SMA200 | -55.27% |
| Trades | - |
Technical
| Shs Outstand | 67.01M |
|---|---|
| Shs Float | 28.44M |
| Short Float | 5.71% |
| Short Ratio | 2.00 |
| Short Interest | 1.62M |
| 52W High | 12.25 -85.31% |
| 52W Low | 1.40 28.57% |
| Volatility | 7.46% 6.79% |
| ATR (14) | 0.11 |
| RSI (14) | 56.61 |
| Beta | -0.25 |
| Rel Volume | 3.41 |
| Avg Volume | 810.71K |
| Volume | 2,765,799 |
Performance
| Perf Week | 4.65% |
|---|---|
| Perf Month | 10.43% |
| Perf Quarter | 6.51% |
| Perf Half Y | 16.88% |
| Perf YTD | -80.07% |
| Perf Year | -79.59% |
| Perf 3Y | -78.57% |
| Perf 5Y | - |
| Perf 10Y | - |
| Recom | 2.30 |
| Target Price | 3.50 |
| Prev Close | 1.67 |
| Price | 1.80 |
| Change % | 7.78% |
Analyst ratings
latest 10 of 20| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Jun 18, 2026 | Downgrade | MMorgan Stanley | Equal-Weight → Underweight | ||
| May 08, 2026 | Downgrade | WWells Fargo | Overweight → Equal Weight | $2 | +11.1% |
| May 08, 2026 | Downgrade | RRaymond James | Strong Buy → Outperform | $4 | +122.2% |
| May 08, 2026 | Downgrade | PPiper Sandler | Overweight → Neutral | $4 | +122.2% |
| May 08, 2026 | Downgrade | OOppenheimer | Outperform → Perform | ||
| May 08, 2026 | Downgrade | MMorgan Stanley | Overweight → Equal-Weight | ||
| May 08, 2026 | Downgrade | LLeerink Partners | Outperform → Market Perform | $2 | +11.1% |
| May 08, 2026 | Downgrade | GGuggenheim | Buy → Neutral | ||
| May 08, 2026 | Downgrade | CCitizens | Mkt Outperform → Mkt Perform | ||
| Apr 13, 2026 | Initiated | WWBB Securities | Buy | $21.50 | +1,094.4% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| CGON | Cg Oncology Inc | 6.49B |
| TARA | Protara Therapeutics Inc | 161.32M |
| IBRX | ImmunityBio Inc | 7.10B |
| URGN | UroGen Pharma Ltd | 1.28B |
| AURA | Aura Biosciences Inc | 792.01M |
| GNLX | Genelux Corp | 85.06M |
| INO | Inovio Pharmaceuticals Inc | 152.51M |
| REPL | Replimune Group Inc | 2.06B |
| JNJ | Johnson & Johnson | 675.03B |
| CTMX | CytomX Therapeutics Inc | 464.35M |
Insider trading
1 filings| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| Grossman William | Interim Chief Medical Officer | Sep 22 '26 | Buy | 1.97 | 5,102 | 10,051 | 5,102 | Sep 24 04:40 PM |
News
latest 14 of 85- enGene to Initiate a BLA Submission for Detalimogene by Year End and Reports New Data from LEGEND Trial Pivotal Cohort 1 in BCG-Unresponsive NMIBC (Business Wire) +7.78%
- enGene Appoints Key Executives in Anticipation of Upcoming Regulatory and Commercial Milestones (Business Wire)
- enGene to Participate in Upcoming Investor Conferences (Business Wire)
- enGene to Host Virtual KOL Event to Discuss Emerging Non-Muscle Invasive Bladder Cancer (NMIBC) Market Insights, on August 11, 2026 (Business Wire)
- enGene Focuses Board to Support Planned Upcoming Regulatory and Commercial Milestones (Business Wire)
- Neumora depression drug fails; EnGene to cut 50% of staff (BioPharma Dive)
- enGene Reports Second Quarter 2026 Financial Results and Provides Business Update (Business Wire) +9.26%
- enGene Therapeutics hit by analyst downgrades as drug data disappoints (Investing.com) -12.79%
- enGene Announces Updated Interim Results From LEGEND Pivotal Cohort (Business Wire) -80.56%
- enGene Announces Name Change to enGene Therapeutics Inc. (Business Wire)
- enGene Reports First Quarter 2026 Financial Results and Provides Business Update (Business Wire) -18.78%
- enGene Maps BLA by End-2026, Targets 2027 Launch for Lead NMIBC Therapy at Oppenheimer Conference (MarketBeat)
- enGene to Participate in Upcoming Investor Conferences (Business Wire)
- Jefferies Sets a $28 PT for enGene Holdings Inc. (ENGN) (Insider Monkey)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q3 | 2026-09-08 | -0.470 | -0.427 | -0.469 | 0.00 | 0.00 | 9 |
| 2026Q2 | 2026-06-15 | -0.430 | -0.466 | -0.434 | 0.00 | 0.00 | 12 |
| 2026Q1 | 2026-03-09 | -0.440 | -0.560 | -0.442 | 0.00 | 0.00 | 10 |
| 2025Q4 | 2025-12-22 | -0.730 | -0.567 | -0.738 | 0.00 | 0.00 | 9 |
| 2025Q3 | 2025-09-11 | -0.570 | -0.498 | -0.567 | 0.00 | 0.00 | 10 |
| 2025Q2 | 2025-06-12 | -0.510 | -0.497 | -0.506 | 0.00 | 0.00 | 10 |
| 2025Q1 | 2025-03-10 | -0.480 | -0.368 | -0.483 | 0.00 | 0.00 | 9 |
| 2024Q4 | 2024-12-19 | -0.362 | -0.396 | -0.339 | 0.00 | 0.00 | 7 |
| 2024Q3 | 2024-09-10 | -0.320 | -0.375 | -0.320 | 0.00 | 0.00 | 6 |
| 2024Q2 | 2024-06-14 | -0.380 | -0.261 | -0.380 | 0.00 | 0.00 | 5 |
| 2024Q1 | 2024-03-11 | -0.460 | -0.415 | -0.462 | 0.00 | 0.00 | 2 |
| 2026Q4 | - | - | -0.463 | - | - | 0.00 | 9 |
| 2027Q1 | - | - | -0.338 | - | - | 0.00 | 4 |
| 2027Q2 | - | - | -0.320 | - | - | 0.00 | 4 |
| 2027Q3 | - | - | -0.313 | - | - | 0.00 | 4 |
| 2027Q4 | - | - | -0.298 | - | - | 0.90 | 4 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2023FY | -147.24 | - | -151.22 | 0.00 | - |
| 2024FY | -1.460 | -1.460 | -1.460 | 0.00 | 0.00 |
| 2025FY | -2.290 | -2.102 | -2.291 | 0.00 | 0.00 |
| 2026FY | - | -1.813 | - | - | 0.00 |
| 2027FY | - | -1.498 | - | - | 5.83 |
| 2028FY | - | -1.010 | - | - | 39.31 |
| 2029FY | - | -0.470 | - | - | 99.10 |
| 2030FY | - | -0.222 | - | - | 175.81 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q4 | S | 2026-10-14 | 7 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-09-14 | 6 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-09-08 | 5 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-08-15 | 5 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-06-19 | 6 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-06-15 | 7 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-03-10 | 7 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-03-09 | 5 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2025-12-23 | 5 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2025-11-11 | 4 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2025-11-10 | 4 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2025-11-09 | 4 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2025-11-08 | 4 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2025-11-07 | 4 | 0 | 0 | 0.00 | 0.00 | 0.00 |
Estimate history
| EPS, annual | -0.014 | 0.002 | -151.224 | -1.46 | -2.295 | -2.0802 | |||
|---|---|---|---|---|---|---|---|---|---|
| Period | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | |||
| EPS, quarterly | -0.32 | -0.339 | -0.483 | -0.506 | -0.567 | -0.738 | -0.442 | -0.434 | -0.466 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
| Sales, annual | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Period | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | |||
| Sales, quarterly | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
| Shares, annual | 15.813 | 15.813 | 23.198 | 50.977 | 52.019 | 67.014 | |||
| Period | 2021 | 2022 | 2023 | 2024 | 2025 | MRQ | |||
| Shares, quarterly | 44.216 | 50.977 | 50.978 | 51.071 | 51.106 | 52.019 | 66.989 | 66.989 | 67.014 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY |
|---|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Goods Sold Incl. D&A | 0.72 | 0.51 | 0.32 | 0.17 | 0.00 | 0.00 |
| Gross Profit | -0.72 | -0.51 | -0.32 | -0.17 | 0.00 | 0.00 |
| Selling, General and Administrative Excl. Other | 135.93 | 122.66 | 61.97 | 25.89 | 1.83 | - |
| Research and Development | 96.26 | 94.48 | 38.31 | 16.46 | - | - |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -136.65 | -123.17 | -62.30 | -26.06 | -1.83 | -0.23 |
| Interest Expense | 3.07 | 2.99 | 2.80 | 4.95 | 0.00 | 0.00 |
| Unusual Expense | 0.49 | 0.00 | 0.37 | 69.88 | 0.00 | 0.00 |
| Net Income Before Taxes | -130.86 | -117.30 | -55.16 | -99.90 | 0.03 | -0.23 |
| Income Taxes | -0.50 | 0.00 | -0.02 | 0.02 | 0.00 | 0.00 |
| Consolidated Net Income | -130.36 | -117.30 | -55.14 | -99.92 | 0.03 | -0.23 |
| Net Income From Continuing Operations | -130.36 | -117.30 | -55.14 | -99.92 | 0.03 | -0.23 |
| Net Income | -130.36 | -117.30 | -55.14 | -104.74 | 0.03 | -0.23 |
| EPS (Recurring) | -1.86 | -2.29 | -1.45 | -80.60 | 0.00 | -0.01 |
| EPS (Basic, Before Extraordinaries) | -2.08 | -2.29 | -1.46 | -151.22 | 0.00 | -0.01 |
| EPS (Diluted) | -2.08 | -2.29 | -1.46 | -151.22 | 0.00 | -0.01 |
| EBITDA | -135.93 | -122.66 | -61.97 | -25.89 | -1.83 | -0.23 |
| Non-Operating Income (Expense) | 9.35 | 8.86 | 10.30 | 0.99 | 1.86 | -0.23 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 18.84 | 9.65 | 4.21 | 2.73 | - | - |
| Shares Outstanding | 67.01 | 52.02 | 50.98 | 23.20 | 15.81 | 15.81 |
| Market Capitalization | 120.63 | 120.63 | 391.31 | 343.05 | 163.34 | 163.34 |
Income statement, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Goods Sold Incl. D&A | 0.18 | 0.18 | 0.19 | 0.17 | 0.13 | 0.11 | 0.10 | 0.08 |
| Gross Profit | -0.18 | -0.18 | -0.19 | -0.17 | -0.13 | -0.11 | -0.10 | -0.08 |
| Selling, General and Administrative Excl. Other | 33.84 | 31.79 | 31.00 | 39.31 | 29.82 | 27.02 | 26.51 | 17.37 |
| Research and Development | 20.09 | 22.20 | 22.25 | 31.72 | 22.57 | 20.21 | 19.97 | 11.27 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -34.01 | -31.97 | -31.18 | -39.48 | -29.95 | -27.12 | -26.61 | -17.45 |
| Interest Expense | 0.84 | 0.74 | 0.73 | 0.75 | 0.76 | 0.73 | 0.75 | 0.76 |
| Unusual Expense | 0.00 | 0.00 | 0.49 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income Before Taxes | -32.50 | -30.23 | -29.75 | -38.38 | -28.75 | -25.57 | -24.60 | -15.28 |
| Income Taxes | 0.00 | 0.00 | 0.00 | -0.50 | 0.24 | 0.24 | 0.02 | 0.02 |
| Consolidated Net Income | -32.50 | -30.23 | -29.75 | -37.88 | -28.99 | -25.82 | -24.62 | -15.30 |
| Net Income From Continuing Operations | -32.50 | -30.23 | -29.75 | -37.88 | -28.99 | -25.82 | -24.62 | -15.30 |
| Net Income | -32.50 | -30.23 | -29.75 | -37.88 | -28.99 | -25.82 | -24.62 | -15.30 |
| EPS (Recurring) | -0.47 | -0.43 | -0.44 | -0.74 | -0.57 | -0.51 | -0.48 | -0.34 |
| EPS (Basic, Before Extraordinaries) | -0.47 | -0.43 | -0.44 | -0.74 | -0.57 | -0.51 | -0.48 | -0.34 |
| EPS (Diluted) | -0.47 | -0.43 | -0.44 | -0.74 | -0.57 | -0.51 | -0.48 | -0.34 |
| EBITDA | -33.84 | -31.79 | -31.00 | -39.31 | -29.82 | -27.02 | -26.51 | -17.37 |
| Non-Operating Income (Expense) | 2.36 | 2.49 | 2.65 | 1.85 | 1.95 | 2.28 | 2.77 | 2.93 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 7.81 | 4.14 | 2.80 | 4.08 | 2.04 | 2.09 | 1.43 | 1.31 |
| Shares Outstanding | 67.01 | 66.99 | 66.99 | 52.02 | 51.11 | 51.07 | 50.98 | 50.98 |
| Market Capitalization | 120.63 | 487.01 | 638.36 | 369.09 | 193.69 | 211.05 | 341.54 | 391.31 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY |
|---|---|---|---|---|---|
| Cash & Short Term Investments | 193.81 | 238.40 | 81.60 | 0.31 | 1.07 |
| Short Term Receivables | 2.23 | 1.03 | 2.34 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 5.35 | 7.93 | 1.50 | 0.20 | 0.50 |
| Total Current Assets | 201.39 | 247.36 | 85.44 | 0.51 | 1.57 |
| Net Property, Plant & Equipment | 10.19 | 2.91 | 0.59 | 0.00 | 0.00 |
| Total Investments and Advances | 8.52 | 59.53 | 0.07 | 131.53 | 129.67 |
| Intangible Assets | - | - | - | 0.00 | 0.00 |
| Other Assets | 1.36 | 1.37 | 0.86 | 0.00 | 0.21 |
| Total Assets | 221.47 | 311.17 | 86.96 | 132.04 | 131.45 |
| Short Term Debt Incl. Current Port. of LT Debt | 10.02 | 1.12 | 0.56 | 0.00 | 0.00 |
| Accounts Payable | 6.69 | 1.41 | 1.16 | 0.00 | 0.00 |
| Income Tax Payable | 0.02 | 0.00 | 0.04 | - | - |
| Other Current Liabilities | 15.26 | 12.13 | 3.50 | 0.89 | 0.33 |
| Total Current Liabilities | 31.98 | 14.66 | 5.26 | 0.89 | 0.33 |
| Long Term Debt | 21.78 | 23.90 | 9.22 | 0.00 | 0.00 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.00 | 0.00 | 0.00 | 3.73 | 3.73 |
| Total Liabilities | 53.76 | 38.56 | 14.47 | 4.62 | 4.05 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 167.71 | 272.61 | 72.49 | 127.42 | 127.39 |
| Total Shareholders Equity | 167.71 | 272.61 | 72.49 | 127.42 | 127.39 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 167.71 | 272.61 | 72.49 | 127.42 | 127.39 |
| Total Liabilities & Stockholders Equity | 221.47 | 311.17 | 86.96 | 132.04 | 131.45 |
| Book Value Per Share | 3.22 | 5.35 | 3.12 | 8.06 | 8.06 |
| Tangible Book Value Per Share | 3.22 | 5.35 | 3.12 | 8.06 | 8.06 |
| Full-Time Employees | 82 | 57 | 33 | 2 | 2 |
| Price to Book Ratio | 0.52 | 1.70 | 6.94 | 1.29 | 1.29 |
| Return on Assets | -44.05 | -27.70 | -91.25 | 0.02 | - |
| Return on Equity | -53.28 | -31.96 | -99.96 | 0.02 | - |
| Return on Invested Capital | -61.90 | -18.60 | -122.29 | 0.02 | -0.18 |
| Quick Ratio | 6.30 | 16.87 | 16.25 | 0.57 | 4.79 |
| Current Ratio | 6.30 | 16.87 | 16.25 | 0.57 | 4.79 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY |
|---|---|---|---|---|---|---|
| Net Income | -130.36 | -117.30 | -55.14 | -99.92 | 0.03 | -0.23 |
| Depreciation | 0.72 | 0.51 | 0.32 | 0.17 | - | - |
| Other Funds (Non Cash) | 17.91 | 7.81 | 6.44 | 75.52 | -1.86 | 0.00 |
| Funds from Operations | -111.73 | -108.98 | -48.38 | -24.23 | -1.83 | -0.23 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 8.42 | 9.74 | 0.10 | -0.52 | 1.08 | -0.57 |
| Cash from Operating Activities | -103.31 | -99.24 | -48.28 | -24.74 | -0.76 | -0.80 |
| Capital Expenditures | -0.69 | -1.49 | -0.93 | -0.32 | 0.00 | 0.00 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | -31.35 | -23.65 | -125.03 | 0.00 | 0.00 | -129.66 |
| Purchase of Investments | -269.53 | -160.84 | -125.03 | 0.00 | 0.00 | -129.66 |
| Sale Or Maturity of Investments | 238.18 | 137.19 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -32.04 | -25.14 | -125.95 | -0.32 | 0.00 | -129.66 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 142.35 | 2.22 | 6.10 | 0.04 | 0.00 | 131.53 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 142.35 | 2.22 | 6.10 | 0.04 | 0.00 | 131.53 |
| Proceedsfrom Stock Options | 116.80 | 0.00 | 0.00 | 0.00 | 0.00 | 131.53 |
| Issuance or Reduction of Debt, Net | 1.40 | -0.70 | 12.47 | 32.34 | 0.00 | 0.00 |
| Change in Long Term Debt | 1.40 | -0.70 | 12.47 | 32.34 | 0.00 | 0.00 |
| Issuance of Long Term Debt | 24.45 | 0.00 | 21.91 | 38.00 | 0.00 | 0.12 |
| Reduction of Long Term Debt | -23.05 | -0.70 | -9.45 | -5.66 | 0.00 | -0.12 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | 247.15 | 53.76 | 0.00 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | -13.00 | -10.50 | 0.00 | 0.00 |
| Cash from Financing Activities | 143.75 | 1.52 | 265.72 | 86.15 | 0.00 | 131.53 |
| Exchange Rate Effect | 0.00 | 0.00 | 0.00 | 0.00 | - | - |
| Net Change in Cash | 8.40 | -122.85 | 91.48 | 61.09 | -0.76 | 1.07 |
| Free Cash Flow | -104.00 | -100.72 | -49.21 | -25.06 | -0.76 | -0.80 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | - | 0.00 | 0.00 |
| Deferred Taxes & Investment Tax Credit | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance sheet, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 266.40 | 258.54 | 276.02 | 193.81 | 201.99 | 217.46 |
| Short Term Receivables | 2.88 | 2.92 | 1.20 | 2.23 | 0.71 | 0.53 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 8.63 | 8.54 | 12.00 | 5.35 | 8.62 | 9.98 |
| Total Current Assets | 277.90 | 270.00 | 289.22 | 201.39 | 211.31 | 227.97 |
| Net Property, Plant & Equipment | 9.03 | 9.44 | 9.91 | 10.19 | 9.85 | 3.19 |
| Total Investments and Advances | 0.00 | 26.71 | 36.60 | 8.52 | 23.01 | 34.11 |
| Other Assets | 1.39 | 1.38 | 1.39 | 1.36 | 1.38 | 1.38 |
| Total Assets | 288.32 | 307.52 | 337.11 | 221.47 | 245.55 | 266.65 |
| Short Term Debt Incl. Current Port. of LT Debt | 2.45 | 2.48 | 2.51 | 10.02 | 6.94 | 4.00 |
| Accounts Payable | 2.54 | 1.79 | 2.44 | 6.69 | 2.38 | 1.57 |
| Income Tax Payable | 0.00 | 0.00 | 0.00 | 0.02 | 0.57 | 0.33 |
| Other Current Liabilities | 22.22 | 17.21 | 19.67 | 15.26 | 10.55 | 12.11 |
| Total Current Liabilities | 27.21 | 21.48 | 24.61 | 31.98 | 20.44 | 18.00 |
| Long Term Debt | 30.82 | 30.87 | 30.96 | 21.78 | 24.44 | 21.36 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 58.03 | 52.36 | 55.57 | 53.76 | 44.88 | 39.36 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 230.29 | 255.17 | 281.55 | 167.71 | 200.67 | 227.29 |
| Total Shareholders Equity | 230.29 | 255.17 | 281.55 | 167.71 | 200.67 | 227.29 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 230.29 | 255.17 | 281.55 | 167.71 | 200.67 | 227.29 |
| Total Liabilities & Stockholders Equity | 288.32 | 307.52 | 337.11 | 221.47 | 245.55 | 266.65 |
| Book Value Per Share | 3.44 | 3.81 | 4.20 | 3.22 | 3.93 | 4.45 |
| Tangible Book Value Per Share | 3.44 | 3.81 | 4.20 | 3.22 | 3.93 | 4.45 |
| Full-Time Employees | - | - | - | 82 | - | - |
| Price to Book Ratio | 0.52 | 1.73 | 2.96 | 1.84 | 0.85 | 0.84 |
| Return on Assets | -48.84 | -44.19 | -39.30 | -44.05 | -36.97 | -29.57 |
| Return on Equity | -60.50 | -52.58 | -46.07 | -53.28 | -43.95 | -33.97 |
| Return on Invested Capital | -12.45 | -10.57 | -9.52 | -19.99 | -12.88 | -10.38 |
| Quick Ratio | 10.21 | 12.57 | 11.75 | 6.30 | 10.34 | 12.66 |
| Current Ratio | 10.21 | 12.57 | 11.75 | 6.30 | 10.34 | 12.66 |
Cash flow, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Net Income | -32.50 | -30.23 | -29.75 | -37.88 | -28.99 | -25.82 |
| Depreciation | 0.18 | 0.18 | 0.19 | 0.17 | 0.13 | 0.11 |
| Other Funds (Non Cash) | 7.94 | 4.15 | 3.20 | 2.62 | 2.16 | 1.61 |
| Funds from Operations | -24.38 | -25.90 | -26.36 | -35.09 | -26.70 | -24.10 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 5.43 | -4.60 | -2.54 | 10.13 | 1.07 | 1.15 |
| Cash from Operating Activities | -18.95 | -30.50 | -28.90 | -24.96 | -25.63 | -22.95 |
| Capital Expenditures | 0.00 | -0.10 | -0.15 | -0.44 | -0.70 | -0.04 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 30.12 | 23.74 | -126.14 | 40.94 | 2.08 | 17.99 |
| Purchase of Investments | -42.38 | -50.21 | -169.19 | -7.75 | -44.67 | -13.76 |
| Sale Or Maturity of Investments | 72.50 | 73.95 | 43.04 | 48.69 | 46.76 | 31.75 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | 30.12 | 23.64 | -126.30 | 40.50 | 1.38 | 17.95 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 0.02 | 0.00 | 140.33 | 1.99 | 0.03 | 0.20 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.02 | 0.00 | 140.33 | 1.99 | 0.03 | 0.20 |
| Proceedsfrom Stock Options | 0.00 | 0.00 | 116.80 | 0.00 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | 0.00 | 0.07 | 1.33 | 0.00 | -0.70 | 0.00 |
| Change in Long Term Debt | 0.00 | 0.07 | 1.33 | 0.00 | -0.70 | 0.00 |
| Issuance of Long Term Debt | 0.00 | 0.07 | 24.39 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | 0.00 | 0.00 | -23.05 | 0.00 | -0.70 | 0.00 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | 0.02 | 0.07 | 141.66 | 1.99 | -0.67 | 0.20 |
| Exchange Rate Effect | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Change in Cash | 11.20 | -6.79 | -13.54 | 17.53 | -24.92 | -4.80 |
| Free Cash Flow | -18.95 | -30.60 | -29.06 | -25.40 | -26.34 | -22.99 |
Revenue breakdown
| Revenue split | - |
|---|
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 5.71% | 1.6M | 28.4M | 751.28K |
| 2026-10-15 | 5.28% | 1.5M | 28.4M | 729.97K |
| 2026-09-30 | 4.90% | 1.4M | 28.4M | 799.55K |
| 2026-09-15 | 4.27% | 1.2M | 28.1M | 856.75K |
| 2026-08-31 | 4.36% | 1.2M | 28.1M | 882.15K |
| 2026-08-14 | 5.33% | 1.5M | 28.1M | 1.03M |
| 2026-07-31 | 7.07% | 1.7M | 24.5M | 1.91M |
| 2026-07-15 | 5.89% | 1.6M | 27.9M | 1.90M |
| 2026-06-30 | 4.10% | 1.1M | 27.9M | 1.71M |
| 2026-06-15 | 4.99% | 1.4M | 27.9M | 1.55M |
| 2026-05-29 | 5.82% | 1.6M | 27.9M | 1.57M |
| 2026-05-15 | 5.22% | 1.5M | 27.9M | 1.38M |
| 2026-04-30 | 6.57% | 2.0M | 30.5M | 403.09K |
| 2026-04-15 | 3.98% | 1.3M | 33.4M | 412.09K |
| 2026-03-31 | 2.38% | 1.1M | 48.2M | 422.64K |
| 2026-03-13 | 1.92% | 0.9M | 48.2M | 418.85K |
| 2026-02-27 | 2.56% | 1.2M | 48.2M | 316.68K |
| 2026-02-13 | 3.12% | 1.5M | 48.2M | 414.41K |
| 2026-01-30 | 6.69% | 2.2M | 32.8M | 1.29M |
| 2026-01-15 | 3.89% | 1.4M | 37.0M | 1.22M |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 1.00 | 0.40 | 0.85 | 0.80 | 3.461 | 3,694 | 225 | 0.913 | -0.009 | 0.000 |
| call | 2.00 | 0.00 | 0.20 | 0.15 | 2.625 | 206 | 18.00 | 0.458 | -0.016 | 0.001 |
| call | 3.00 | 0.00 | 4.40 | 0.00 | 4.367 | 0.00 | 0.00 | 0.341 | -0.025 | 0.001 |
| put | 1.00 | 0.00 | 0.05 | 0.00 | 3.051 | 200 | 0.00 | -0.101 | -0.007 | 0.000 |
| put | 2.00 | 0.00 | 3.30 | 0.35 | 0.000 | 10.00 | 0.00 | -0.532 | -0.015 | 0.001 |
| put | 3.00 | 0.00 | 4.30 | 0.00 | 0.000 | 0.00 | 0.00 | -0.659 | -0.025 | 0.001 |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-09-24 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-22 | SEC |
| 2026-09-08 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-07-31 | SEC |
| 2026-09-08 | 8-K | Current report | 2026-09-08 | SEC |
| 2026-08-14 | SCHEDULE 13G/A | SEC | ||
| 2026-08-14 | SCHEDULE 13G/A | SEC | ||
| 2026-08-14 | SCHEDULE 13G/A | SEC | ||
| 2026-08-13 | SCHEDULE 13G/A | SEC | ||
| 2026-08-12 | SCHEDULE 13G/A | SEC | ||
| 2026-08-11 | 8-K | Current report | 2026-08-11 | SEC |
| 2026-07-22 | SCHEDULE 13G | SEC | ||
| 2026-07-22 | 3 | Initial statement of beneficial ownership of securities | 2026-07-16 | SEC |
| 2026-07-22 | 3 | Initial statement of beneficial ownership of securities | 2026-07-16 | SEC |
| 2026-07-17 | 8-K | Current report | 2026-07-17 | SEC |
| 2026-07-16 | 8-K | Current report | 2026-07-15 | SEC |
| 2026-06-18 | 8-K/A | 2026-06-16 | SEC | |
| 2026-06-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-16 | SEC |
| 2026-06-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-16 | SEC |
| 2026-06-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-16 | SEC |
| 2026-06-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-16 | SEC |
| 2026-06-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-16 | SEC |
| 2026-06-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-16 | SEC |
| 2026-06-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-16 | SEC |
| 2026-06-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-16 | SEC |
| 2026-06-15 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-04-30 | SEC |
| 2026-06-15 | 8-K | Current report | 2026-06-13 | SEC |
| 2026-06-10 | 8-K | Current report | 2026-06-09 | SEC |
| 2026-05-15 | SCHEDULE 13G/A | SEC | ||
| 2026-05-14 | SCHEDULE 13G/A | SEC | ||
| 2026-05-13 | SCHEDULE 13G | SEC | ||
| 2026-05-08 | ARS | Annual report to security holders. | 2025-10-31 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 10.05K | 1 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| FCPM III SERVICES B.V. | 14.38% |
| BML Capital Management, LLC | 9.95% |
| Siren, L.L.C. | 9.34% |
| PERCEPTIVE ADVISORS LLC | 7.20% |
| AMERIPRISE FINANCIAL INC | 3.99% |
| Nextech Invest Ltd. | 3.47% |
| ADAR1 Capital Management, LLC | 3.14% |
| Vestal Point Capital, LP | 2.49% |
| ACORN CAPITAL ADVISORS, LLC | 1.90% |
| Peapod Lane Capital LLC | 1.55% |
Funds
| Fund | % owned |
|---|---|
| Franklin Biotechnology Discovery Fund | 0.73% |
| Fidelity Nasdaq Composite Index Fund | 0.06% |
| Virtus Biotech Clinical Trials Etf | 0.05% |
| TIFF MULTI-ASSET FUND | 0.02% |
| JNL/DFA U.S. Small Cap Fund | 0.01% |
| NORTH SQUARE KENNEDY MICROCAP FUND | 0.01% |
| AST Small-Cap Equity Portfolio | 0.00% |
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