Evaxion A/S ADR
EVAXHealthcare·Biotechnology·Denmark·Nano·NASD·Nov 11 • 10:58 AM ET
2.99+0.13 (4.55%)
2026-11-11 17:00 CET
Market cap
23.85 USD m
Revenue, TTM
7.46 USD m
Net income, TTM
-8.68 USD m
Free cash flow, TTM
- USD m
EPS diluted, TTM
-1.05
P/E
-
Price
EVAX against its 20, 50 and 200-day averages2050200earnings
56.8% under the 52-week high of 6.92 on 9 Dec 2025. 52-week low 2.67 on 9 Nov 2026. Last 15 sessions, 49.8% high to low
Profile
EVAX52-week range, 8% of the way up
2.676.92
Evaxion AS engages in the discovery and development of immunotherapies for cancer and infectious diseases. Its technologies include the immuno-oncology platform PIONEER, the bacterial disease platform EDEN, the viral disease platform RAVEN, and the proprietary AI platform technology ObsERV. The company was founded by Niels Iversen Moller and Andreas Holm Mattsson on August 11, 2008 and is headquartered in Hoersholm, Denmark.
| Employees | 46 |
|---|---|
| IPO | Feb 05, 2021 |
| Beta | 0.56 |
| ATR, 14d | 0.30 |
| Rel volume | 0.26 |
| Short float | 0.41% |
| Insider own | 19.22% |
| Inst own | 6.55% |
Snapshot
6 groupsValuation
| Index | - |
|---|---|
| Market Cap | 24.94M |
| Enterprise Value | 18.04M |
| Income | -8.68M |
| Sales | 7.46M |
| Book/sh | 1.14 |
| Cash/sh | 1.68 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 46 |
| IPO | Feb 05, 2021 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | 3.34 |
| P/B | 2.62 |
| P/C | 1.78 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | 2.42 |
| Quick Ratio | 5.06 |
| Current Ratio | 5.06 |
| Debt/Eq | 0.75 |
| LT Debt/Eq | 0.69 |
| Option/Short | No / Yes |
Earnings
| EPS (ttm) | -1.05 |
|---|---|
| EPS next Y | -0.01 |
| EPS next Q | -0.01 |
| EPS this Y | -100.00% |
| EPS next Y | 62.50% |
| EPS next 5Y | - |
| EPS past 3/5Y | 70.92% 51.86% |
| Sales past 3/5Y | - - |
| EPS Y/Y TTM | 82.33% |
| Sales Y/Y TTM | 134.15% |
| EPS Q/Q | 42.42% |
| Sales Q/Q | -100.00% |
| Earnings | Nov 19 BMO |
| EPS/Sales Surpr. | 0.00% - |
Ownership
| Insider Own | 19.22% |
|---|---|
| Insider Trans | 0.00% |
| Inst Own | 6.55% |
| Inst Trans | 0.42% |
| ROA | -41.51% |
| ROE | -110.21% |
| ROIC | -53.95% |
| Gross Margin | - |
| Oper. Margin | -116.83% |
| Profit Margin | -116.42% |
| SMA20 | -4.53% |
| SMA50 | -4.72% |
| SMA200 | -13.22% |
| Trades | - |
Technical
| Shs Outstand | 8.34M |
|---|---|
| Shs Float | 6.74M |
| Short Float | 0.41% |
| Short Ratio | 0.12 |
| Short Interest | 0.03M |
| 52W High | 6.92 -56.79% |
| 52W Low | 2.67 11.99% |
| Volatility | 12.17% 11.65% |
| ATR (14) | 0.30 |
| RSI (14) | 47.95 |
| Beta | 0.56 |
| Rel Volume | 0.26 |
| Avg Volume | 238.77K |
| Volume | 16,865 |
Performance
| Perf Week | 0.67% |
|---|---|
| Perf Month | 8.33% |
| Perf Quarter | -6.88% |
| Perf Half Y | -28.12% |
| Perf YTD | -37.32% |
| Perf Year | -50.17% |
| Perf 3Y | -92.03% |
| Perf 5Y | -99.03% |
| Perf 10Y | - |
| Recom | 1.00 |
| Target Price | 12.25 |
| Prev Close | 2.86 |
| Price | 2.99 |
| Change % | 4.55% |
Analyst ratings
latest 3 of 3| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Feb 19, 2026 | Initiated | MMaxim Group | Buy | $10 | +234.4% |
| Apr 02, 2024 | Upgrade | LLadenburg Thalmann | Neutral → Buy | $8 | +167.6% |
| Feb 12, 2024 | Initiated | HH.C. Wainwright | Buy | $14 | +368.2% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| ELTX | Elicio Therapeutics Inc | 43.59M |
| BNTX | BioNTech SE ADR | 21.59B |
| ANIX | Anixa Biosciences Inc | 103.60M |
| INO | Inovio Pharmaceuticals Inc | 141.38M |
| PDSB | PDS Biotechnology Corp | 106.60M |
| ABSI | Absci Corp | 1.74B |
| MRNA | Moderna Inc | 99.76B |
| PCVX | Vaxcyte Inc | 10.73B |
| RXRX | Recursion Pharmaceuticals Inc | 2.24B |
| GOVX | Geovax Labs Inc | 1.11M |
News
latest 14 of 206- Evaxion files amendment to registration statement related to 2025 EIB debt settlement agreement (GlobeNewswire) -8.33%
- New phase 2 data highlight the strength of the immune response induced by personalized cancer vaccine EVX-01 (GlobeNewswire) +8.70%
- Evaxion will present new target validation data for EVX-04, an off-the-shelf therapeutic vaccine for acute myeloid leukemia at ASH 2026 Meeting (GlobeNewswire)
- Evaxion to present broad biomarker data from phase 2 trial with personalized cancer vaccine EVX-01 at the SITC 2026 Annual Meeting (GlobeNewswire)
- Evaxion receives International Prix Galien Award for AI-Immunology as best digital health solution (GlobeNewswire)
- Loading…
- EVAX Stock Heads For Best Week Since January 2025 As Cancer Vaccine Shows 89% Target Precision (Stocktwits)
- Evaxion announces 89% vaccine target precision and sustained T-cell and clinical responses at three-year follow-up in phase 2 trial with personalized cancer vaccine EVX-01 (GlobeNewswire)
- Evaxion stock surges on 3-year melanoma vaccine trial data (Investing.com) +17.67%
- INTC, EVAX, RCAT Stocks Move Higher Premarket Whats Driving The Rally? (Stocktwits)
- Evaxion reports sustained clinical responses for all patients at three-year follow-up in phase 2 trial with personalized cancer vaccine EVX-01 (GlobeNewswire)
- Evaxion will present new immune data for personalized cancer vaccine EVX-01 at the SITC 2026 Annual Meeting (GlobeNewswire)
- Evaxion applies its AI-Immunology platform in autoimmune diseases (GlobeNewswire)
- Evaxion AS (EVAX) (Q2 2026) Earnings Call Highlights: Strong EVX-01 Data and Field Validation ... (GuruFocus.com)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q3 | 2026-11-19 | - | -0.010 | - | - | 0.00 | 1 |
| 2026Q2 | 2026-08-20 | -0.010 | -0.010 | -0.010 | 0.00 | 0.00 | 1 |
| 2026Q1 | 2026-05-07 | -0.010 | -0.010 | -0.437 | 0.00 | 0.00 | 1 |
| 2025Q4 | 2026-03-05 | -0.020 | -0.245 | -0.893 | 0.00 | 0.00 | 2 |
| 2025Q3 | 2025-11-06 | 0.010 | -0.010 | 0.723 | 7.49 | 3.75 | 1 |
| 2025S1 | 2025-08-14 | -0.020 | -0.010 | - | 0.04 | 8.00 | 1 |
| 2025Q1 | 2025-05-27 | -0.010 | -0.705 | -0.286 | 0.00 | 0.06 | 2 |
| 2024Q4 | 2025-04-01 | -0.070 | -1.955 | -3.144 | 0.12 | 1.66 | 2 |
| 2024Q3 | 2024-10-31 | -0.200 | -1.567 | -1.757 | 3.02 | 0.12 | 3 |
| 2024Q2 | 2024-08-14 | -0.600 | -1.267 | -5.723 | 0.15 | 0.05 | 3 |
| 2024Q1 | 2024-05-28 | 0.150 | -5.475 | 1.277 | 0.05 | 0.04 | 2 |
| 2023Q4 | 2024-03-27 | -8.000 | -8.000 | -8.343 | 0.07 | 0.00 | 2 |
| 2023Q3 | 2023-12-19 | -10.500 | -9.500 | -10.209 | 0.00 | 0.00 | 1 |
| 2023Q2 | 2023-08-18 | -10.500 | -10.750 | -10.488 | 0.00 | 0.00 | 2 |
| 2023Q1 | 2023-05-31 | -12.000 | -13.000 | -12.155 | 0.00 | 0.00 | 3 |
| 2022Q4 | 2023-04-27 | -14.500 | -13.165 | -14.358 | 0.00 | 0.00 | 3 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2020FY | -48.500 | -47.750 | -46.673 | 0.00 | 0.00 |
| 2021FY | -63.000 | -58.500 | -62.824 | 0.00 | 0.00 |
| 2022FY | -49.000 | -48.000 | -49.034 | 0.00 | 0.00 |
| 2023FY | -40.500 | -38.667 | -40.531 | 0.07 | 0.00 |
| 2024FY | -0.200 | -4.080 | -9.833 | 3.34 | 4.48 |
| 2025FY | -0.020 | -0.450 | -0.020 | 7.53 | 7.51 |
| 2026FY | - | -0.040 | - | - | 0.00 |
| 2027FY | - | -0.015 | - | - | 6.23 |
| 2028FY | - | 0.000 | - | - | 15.41 |
| 2029FY | - | 0.050 | - | - | 41.61 |
| 2030FY | - | 0.060 | - | - | 50.77 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q3 | S | 2026-08-20 | 2 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-05-07 | 2 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-03-06 | 2 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2025-11-11 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2025-11-10 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2025-10-01 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2025-09-30 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2025-09-29 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2025-09-28 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2025-09-27 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2025-09-26 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2025-09-25 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2025-09-24 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2025-09-23 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
Estimate history
| EPS, annual | -17.068 | -34.549 | -46.673 | -62.824 | -49.034 | -40.531 | -9.833 | -1.206 | -1.0536 |
|---|---|---|---|---|---|---|---|---|---|
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
| EPS, quarterly | -5.723 | -1.757 | -3.144 | -0.286 | -0.775 | 0.723 | -0.893 | -0.437 | -0.446 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Sales, annual | 0 | 0 | 0 | 0 | 0 | 0.073 | 3.339 | 7.551 | 7.46 |
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
| Sales, quarterly | 0.154 | 3.027 | 0.121 | 0 | 0.037 | 7.458 | 0 | 0 | 0 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Shares, annual | 0.324 | 0.324 | 0.324 | 0.464 | 0.483 | 0.758 | 1.403 | 8.34 | 8.34 |
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | MRQ |
| Shares, quarterly | 1.082 | 1.115 | 1.403 | 6.317 | 6.317 | 6.317 | 8.34 | 8.34 | 8.34 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 7.46 | 7.55 | 3.34 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Goods Sold Incl. D&A | - | - | - | - | 0.57 | 0.34 | 0.11 | 0.08 | 0.07 |
| Gross Profit | - | - | - | - | -0.57 | -0.34 | -0.11 | -0.08 | -0.07 |
| Selling, General and Administrative Excl. Other | 16.17 | 16.20 | 17.44 | 21.69 | 24.62 | 25.45 | 16.58 | 11.28 | 6.15 |
| Research and Development | 10.27 | 9.69 | 10.14 | 11.59 | 16.62 | 19.48 | 10.88 | 8.65 | 4.27 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -8.71 | -9.26 | -14.71 | -22.23 | -25.19 | -25.79 | -16.68 | -11.36 | -6.22 |
| Interest Expense | 2.86 | 0.88 | 0.96 | 1.25 | 0.80 | 0.16 | 0.03 | 0.04 | 0.01 |
| Unusual Expense | -0.06 | -1.28 | -3.90 | -0.64 | -0.31 | 0.00 | 0.00 | 1.18 | 0.68 |
| Net Income Before Taxes | -9.62 | -8.64 | -11.34 | -22.95 | -23.95 | -24.67 | -16.69 | -12.02 | -6.26 |
| Income Taxes | -0.94 | -0.91 | -0.79 | -0.79 | -0.77 | -0.18 | -1.57 | -0.82 | -0.73 |
| Consolidated Net Income | -8.68 | -7.73 | -10.55 | -22.16 | -23.18 | -24.49 | -15.12 | -11.19 | -5.53 |
| Net Income From Continuing Operations | -8.68 | -7.73 | -10.55 | -22.16 | -23.18 | -24.49 | -15.12 | -11.19 | -5.53 |
| Net Income | -8.68 | -7.73 | -10.55 | -22.16 | -23.18 | -24.49 | -15.12 | -11.19 | -5.53 |
| EPS (Recurring) | -1.05 | -1.35 | -12.38 | -41.35 | -49.49 | -62.82 | -46.67 | -31.99 | -15.59 |
| EPS (Basic, Before Extraordinaries) | -1.05 | -1.21 | -9.83 | -40.53 | -49.03 | -62.82 | -46.67 | -34.55 | -17.07 |
| EPS (Diluted) | -1.05 | -1.21 | -9.83 | -40.53 | -49.03 | -62.82 | -46.67 | -34.55 | -17.07 |
| EBITDA | - | -8.65 | -14.10 | -21.62 | -24.62 | -25.45 | -16.58 | -11.28 | -6.15 |
| Non-Operating Income (Expense) | -1.13 | 0.22 | 0.43 | -0.10 | 1.73 | 1.28 | 0.02 | 0.56 | 0.65 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | - | 0.24 | 0.14 | 0.37 | 0.74 | 1.07 | 2.68 | 1.84 | 1.61 |
| Price To Sales Ratio | 3.47 | 4.05 | 1.36 | 256.37 | - | - | - | - | - |
| Operating Margin | -116.83 | -122.66 | -440.55 | -30,407.00 | - | - | - | - | - |
| Net Margin | -116.42 | -102.38 | -316.00 | -30,308.37 | - | - | - | - | - |
| Shares Outstanding | 8.34 | 8.34 | 1.40 | 0.76 | 0.48 | 0.46 | 0.32 | 0.32 | 0.32 |
| Market Capitalization | 23.85 | 23.85 | 5.93 | 19.07 | 41.19 | 102.56 | 84.09 | - | - |
Income statement, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 | 2024Q3 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 7.46 | 0.04 | 0.00 | 0.12 | 3.03 |
| Cost of Goods Sold Incl. D&A | 0.00 | 0.00 | 0.00 | - | - | 0.00 | - | - |
| Gross Profit | 0.00 | 0.00 | 0.00 | - | - | 0.00 | - | - |
| Selling, General and Administrative Excl. Other | 3.84 | 3.83 | 4.05 | 4.45 | 4.44 | 3.87 | 4.12 | 4.76 |
| Research and Development | 2.33 | 2.31 | 2.56 | 3.08 | 2.19 | 2.16 | 2.24 | 2.62 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -3.84 | -3.83 | -4.05 | 3.01 | -4.40 | -3.87 | -4.00 | -1.74 |
| Interest Expense | 0.16 | 0.33 | 1.01 | 1.35 | 1.25 | 0.40 | 0.45 | 0.39 |
| Unusual Expense | -0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income Before Taxes | -3.93 | -3.86 | -6.17 | 4.33 | -5.09 | -1.77 | -3.88 | -2.04 |
| Income Taxes | -0.20 | -0.22 | -0.26 | -0.26 | -0.20 | -0.19 | -0.27 | -0.10 |
| Consolidated Net Income | -3.72 | -3.64 | -5.91 | 4.60 | -4.90 | -1.58 | -3.60 | -1.94 |
| Net Income From Continuing Operations | -3.72 | -3.64 | -5.91 | 4.60 | -4.90 | -1.58 | -3.60 | -1.94 |
| Net Income | -3.72 | -3.64 | -5.91 | 4.60 | -4.90 | -1.58 | -3.60 | -1.94 |
| EPS (Recurring) | -0.45 | -0.44 | -0.89 | 0.72 | -0.78 | -0.29 | -3.14 | -1.76 |
| EPS (Basic, Before Extraordinaries) | -0.45 | -0.44 | -0.89 | 0.72 | -0.78 | -0.29 | -3.14 | -1.76 |
| EPS (Diluted) | -0.45 | -0.44 | -0.89 | 0.72 | -0.78 | -0.29 | -3.14 | -1.76 |
| Non-Operating Income (Expense) | 0.02 | 0.31 | -1.11 | 2.68 | 0.55 | 2.49 | 0.57 | 0.08 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Price To Sales Ratio | 3.47 | 4.14 | 4.21 | 3.14 | 4.86 | 3.10 | 1.45 | 5.20 |
| Operating Margin | - | - | - | 40.35 | -11,729.73 | - | -3,298.36 | -57.37 |
| Net Margin | - | - | - | 61.64 | -13,056.75 | - | -2,974.59 | -64.14 |
| Shares Outstanding | 8.34 | 8.34 | 8.34 | 6.32 | 6.32 | 6.32 | 1.40 | 1.12 |
| Market Capitalization | 23.85 | 31.03 | 30.13 | 23.75 | 3.44 | 2.17 | 5.93 | 17.34 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY |
|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 23.23 | 5.95 | 5.58 | 13.18 | 32.17 | 5.83 | 9.56 | 7.43 |
| Short Term Receivables | 1.05 | 1.86 | 1.07 | 1.31 | 1.90 | 1.79 | 0.93 | 0.77 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 0.62 | 0.96 | 1.69 | 2.49 | 0.64 | 3.32 | 0.47 | 0.18 |
| Total Current Assets | 24.90 | 8.77 | 8.35 | 16.99 | 34.71 | 10.95 | 10.96 | 8.38 |
| Net Property, Plant & Equipment | 3.32 | 3.51 | 4.34 | 4.68 | 5.17 | 0.46 | 0.13 | 0.13 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-Term Note Receivable | 0.00 | 0.04 | 0.03 | 0.21 | 0.00 | - | - | - |
| Intangible Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.10 | 0.00 | 0.00 |
| Deferred Tax Assets | - | - | - | - | 0.00 | 0.26 | - | - |
| Other Assets | 0.18 | 0.16 | 0.17 | 0.16 | 0.19 | 0.19 | 0.00 | 0.00 |
| Total Assets | 28.41 | 12.49 | 12.89 | 22.03 | 40.16 | 11.97 | 11.08 | 8.51 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.55 | 0.47 | 0.48 | 0.44 | 0.44 | 0.02 | 0.04 | 8.64 |
| Accounts Payable | 2.19 | 2.97 | 2.69 | 2.09 | 2.85 | 3.67 | 1.23 | 0.34 |
| Other Current Liabilities | 1.52 | 0.93 | 3.91 | 1.24 | 1.04 | 1.23 | 0.45 | 0.44 |
| Total Current Liabilities | 4.26 | 4.37 | 7.08 | 3.76 | 4.32 | 4.93 | 1.72 | 9.42 |
| Long Term Debt | 6.95 | 9.63 | 10.38 | 9.82 | 3.25 | 0.00 | 0.00 | 0.02 |
| Provision for Risks Charges | 0.16 | 0.14 | 0.15 | 0.14 | 0.15 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 11.37 | 14.14 | 17.62 | 13.72 | 7.73 | 4.93 | 1.72 | 9.44 |
| Non-Equity Reserves | 0.00 | 0.00 | 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 | 0.00 | 0.00 |
| Common Equity | 17.04 | -1.65 | -4.73 | 8.30 | 32.44 | 7.04 | 9.36 | -0.93 |
| Total Shareholders Equity | 17.04 | -1.65 | -4.73 | 8.30 | 32.44 | 7.04 | 9.36 | -0.93 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 17.04 | -1.65 | -4.73 | 8.30 | 32.44 | 7.04 | 9.36 | -0.93 |
| Total Liabilities & Stockholders Equity | 28.41 | 12.49 | 12.89 | 22.03 | 40.16 | 11.97 | 11.08 | 8.51 |
| Book Value Per Share | 2.04 | -1.18 | -6.24 | 17.20 | 69.90 | 21.72 | 28.90 | -2.87 |
| Tangible Book Value Per Share | 2.04 | -1.18 | -6.24 | 17.20 | 69.70 | 21.42 | 28.90 | -2.87 |
| Full-Time Employees | 46 | 46 | 49 | 63 | 61 | 35 | 36 | 20 |
| Price to Book Ratio | 2.50 | -3.59 | -6.98 | 3.04 | 3.16 | 5.05 | - | - |
| Return on Assets | -37.81 | -83.16 | -126.93 | -74.55 | -93.97 | -131.21 | -114.23 | - |
| Return on Equity | -100.48 | - | -1,239.89 | -113.80 | -124.09 | -184.40 | -265.51 | - |
| Return on Invested Capital | -32.22 | -132.27 | -391.79 | -127.94 | -68.63 | -214.85 | -119.55 | - |
| Quick Ratio | 5.85 | 2.01 | 1.18 | 4.51 | 8.03 | 2.22 | 6.36 | 0.89 |
| Current Ratio | 5.85 | 2.01 | 1.18 | 4.51 | 8.03 | 2.22 | 6.36 | 0.89 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | - | -7.73 | -10.55 | -22.16 | -23.18 | -24.49 | -15.12 | -11.19 | -5.53 |
| Depreciation | - | 0.62 | 0.61 | 0.62 | 0.57 | 0.34 | 0.11 | 0.08 | 0.07 |
| Deferred Taxes & Investment Tax Credit | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Funds (Non Cash) | - | 0.61 | -3.49 | 2.26 | -0.30 | 1.02 | 2.28 | 3.51 | 2.50 |
| Funds from Operations | - | -6.51 | -13.44 | -19.28 | -22.91 | -23.13 | -12.74 | -7.60 | -2.96 |
| Extraordinary Item | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | - | -0.14 | 0.52 | 1.56 | -2.88 | 1.24 | 0.22 | 0.57 | 0.98 |
| Cash from Operating Activities | - | -6.65 | -12.92 | -17.72 | -25.79 | -21.90 | -12.52 | -7.02 | -1.98 |
| Capital Expenditures | - | -0.01 | 0.00 | -0.09 | -0.29 | -1.36 | -0.40 | -0.06 | -0.01 |
| Net Assets From Acquisitions | - | 0.00 | 0.00 | 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 | 0.00 | 0.00 |
| Purchase or Sale of Investments | - | -0.00 | -0.00 | -0.01 | 0.02 | 0.03 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | - | -0.00 | -0.00 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | - | 0.00 | - | - | 0.02 | 0.03 | 0.00 | 0.00 | 0.00 |
| Other Uses | - | 0.00 | 0.00 | 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 | 0.00 | 0.00 |
| Cash from Investing Activities | - | -0.01 | -0.00 | -0.09 | -0.27 | -1.33 | -0.40 | -0.06 | -0.01 |
| Cash Dividends Paid | - | 0.00 | 0.00 | 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 | 0.00 | 0.00 |
| Change in Capital Stock | - | 23.23 | 14.18 | 11.34 | 0.43 | 50.01 | 8.95 | 9.43 | 1.09 |
| Repurchase of Common Pref Stock | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | - | 23.23 | 14.18 | 11.34 | 0.43 | 50.01 | 8.95 | 9.43 | 1.09 |
| Proceedsfrom Stock Options | - | 23.23 | 14.18 | 11.34 | 0.43 | 50.01 | 8.95 | 9.43 | 1.09 |
| Issuance or Reduction of Debt, Net | - | -0.40 | -0.74 | -0.31 | 7.73 | -0.06 | 0.00 | 0.15 | 7.99 |
| Change in Long Term Debt | - | -0.40 | -0.74 | - | - | -0.06 | 0.00 | 0.15 | 7.99 |
| Issuance of Long Term Debt | - | 0.00 | 0.06 | - | - | 0.00 | 0.00 | 0.15 | 7.99 |
| Reduction of Long Term Debt | - | -0.40 | -0.80 | - | - | -0.06 | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | - | 0.00 | 0.00 | 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 | 0.00 | 0.00 |
| Cash from Financing Activities | - | 22.48 | 13.11 | 10.71 | 7.86 | 49.73 | 8.88 | 9.51 | 9.02 |
| Exchange Rate Effect | - | 1.52 | 0.18 | -0.51 | -0.79 | -0.21 | 0.29 | -0.29 | -0.08 |
| Net Change in Cash | - | 17.33 | 0.37 | -7.61 | -18.99 | 26.29 | -3.75 | 2.13 | 6.96 |
| Free Cash Flow | - | -6.66 | -12.92 | -17.81 | -26.08 | -23.20 | -12.88 | -7.09 | -1.98 |
Balance sheet, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 14.00 | 18.44 | 23.23 | 10.57 | 14.75 | 17.84 |
| Short Term Receivables | 1.86 | - | 1.05 | - | 3.43 | - |
| Inventories | 0.00 | - | 0.00 | - | 0.00 | - |
| Other Current Assets | 0.00 | - | 0.62 | - | 0.00 | - |
| Total Current Assets | 15.86 | - | 24.90 | - | 18.18 | - |
| Net Property, Plant & Equipment | 2.92 | - | 3.32 | - | 3.62 | - |
| Total Investments and Advances | 0.00 | - | 0.00 | - | 0.00 | - |
| Intangible Assets | 0.00 | - | 0.00 | - | 0.00 | - |
| Other Assets | 0.18 | - | 0.18 | - | 0.18 | - |
| Total Assets | 19.38 | 23.64 | 28.41 | 29.74 | 22.45 | 25.24 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.54 | - | 0.55 | - | 0.54 | - |
| Accounts Payable | 1.59 | - | 2.19 | - | 2.50 | - |
| Other Current Liabilities | 1.00 | - | 1.52 | - | 2.29 | - |
| Total Current Liabilities | 3.13 | - | 4.26 | - | 5.32 | - |
| Long Term Debt | 6.56 | - | 6.95 | - | 10.74 | - |
| Provision for Risks Charges | 0.15 | - | 0.16 | - | 0.16 | - |
| Other Liabilities | 0.00 | 10.43 | 0.00 | 13.14 | 0.00 | 14.90 |
| Total Liabilities | 9.85 | 10.43 | 11.37 | 13.14 | 16.22 | 14.90 |
| 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 | 9.53 | 13.21 | 17.04 | 16.60 | 6.23 | 10.34 |
| Total Shareholders Equity | 9.53 | 13.21 | 17.04 | 16.60 | 6.23 | 10.34 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 9.53 | 13.21 | 17.04 | 16.60 | 6.23 | 10.34 |
| Total Liabilities & Stockholders Equity | 19.38 | 23.64 | 28.41 | 29.74 | 22.45 | 25.24 |
| Book Value Per Share | 1.14 | 1.58 | 2.04 | 2.63 | 0.99 | 1.64 |
| Tangible Book Value Per Share | 1.14 | 1.58 | 2.04 | 2.63 | 0.99 | 1.64 |
| Full-Time Employees | - | - | 46 | - | - | - |
| Price to Book Ratio | 2.50 | 1.82 | 4.84 | 3.81 | -2.08 | 1.60 |
| Return on Assets | -41.51 | -40.32 | -38.12 | -24.41 | -63.81 | -55.62 |
| Return on Equity | -110.21 | -83.69 | -101.30 | -65.78 | -321.47 | -205.74 |
| Return on Invested Capital | -23.14 | - | -24.65 | - | -28.85 | - |
| Quick Ratio | 5.06 | - | 5.85 | - | 3.42 | - |
| Current Ratio | 5.06 | - | 5.85 | - | 3.42 | - |
Cash flow, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|
Revenue breakdown
| Biological Products, (No Diagnostic Substances) | 2024: 3.34M 2025: 7.53M |
|---|---|
| Denmark | 2024: 3.34M 2025: 7.53M |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 0.41% | 0.0M | 6.7M | 231.34K |
| 2026-10-15 | 0.99% | 0.1M | 6.7M | 200.82K |
| 2026-09-30 | 0.75% | 0.1M | 6.7M | 198.52K |
| 2026-09-15 | 0.80% | 0.1M | 6.7M | 198.43K |
| 2026-08-31 | 0.84% | 0.1M | 6.7M | 194.00K |
| 2026-08-14 | 0.31% | 0.0M | 6.7M | 22.33K |
| 2026-07-31 | 0.25% | 0.0M | 6.7M | 25.02K |
| 2026-07-15 | 0.31% | 0.0M | 6.7M | 30.21K |
| 2026-06-30 | 0.44% | 0.0M | 6.7M | 30.47K |
| 2026-06-15 | 0.45% | 0.0M | 6.7M | 30.68K |
| 2026-05-29 | 0.37% | 0.0M | 6.7M | 31.60K |
| 2026-05-15 | 0.48% | 0.0M | 6.7M | 30.76K |
| 2026-04-30 | 0.53% | 0.0M | 6.7M | 34.23K |
| 2026-04-15 | 0.45% | 0.0M | 6.7M | 43.85K |
| 2026-03-31 | 0.56% | 0.0M | 6.7M | 48.19K |
| 2026-03-13 | 0.86% | 0.1M | 6.7M | 63.84K |
| 2026-02-27 | 0.78% | 0.1M | 6.7M | 75.79K |
| 2026-02-13 | 1.61% | 0.1M | 5.1M | 85.61K |
| 2026-01-30 | 1.33% | 0.1M | 5.1M | 103.65K |
| 2026-01-15 | 2.07% | 0.1M | 5.1M | 185.22K |
Option chain
expiry 2026-11-11| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| No option chain for this symbol. | ||||||||||
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-09 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-11-09 | SEC |
| 2026-11-09 | F-1/A | SEC | ||
| 2026-11-06 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-11-06 | SEC |
| 2026-11-04 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-11-04 | SEC |
| 2026-11-04 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-11-04 | SEC |
| 2026-11-03 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-11-03 | SEC |
| 2026-10-30 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-10-30 | SEC |
| 2026-10-23 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-10-23 | SEC |
| 2026-10-19 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-10-19 | SEC |
| 2026-10-02 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-10-02 | SEC |
| 2026-09-14 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-09-14 | SEC |
| 2026-09-04 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-09-04 | SEC |
| 2026-08-20 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-08-20 | SEC |
| 2026-08-20 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-06-30 | SEC |
| 2026-08-17 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-08-17 | SEC |
| 2026-08-14 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-08-14 | SEC |
| 2026-07-17 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-07-17 | SEC |
| 2026-07-13 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-07-12 | SEC |
| 2026-07-01 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-07-01 | SEC |
| 2026-06-12 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-06-12 | SEC |
| 2026-06-11 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-06-11 | SEC |
| 2026-05-12 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-05-12 | SEC |
| 2026-05-07 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-05-07 | SEC |
| 2026-05-04 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-05-04 | SEC |
| 2026-04-27 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-04-27 | SEC |
| 2026-04-24 | 3 | Initial statement of beneficial ownership of securities | 2026-04-16 | SEC |
| 2026-04-22 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-04-21 | SEC |
| 2026-04-17 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-04-17 | SEC |
| 2026-04-17 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-04-17 | SEC |
| 2026-04-16 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-04-16 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 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 |
|---|---|
| Merck & Co., Inc. | 14.56% |
| Ikarian Capital, LLC | 0.90% |
| Rathbones Group PLC | 0.55% |
| CITADEL ADVISORS LLC | 0.44% |
| RENAISSANCE TECHNOLOGIES LLC | 0.41% |
| Annis Gardner Whiting Capital Advisors, LLC | 0.36% |
| J. Safra Sarasin Holding AG | 0.27% |
| JANE STREET GROUP, LLC | 0.25% |
| RHUMBLINE ADVISERS | 0.24% |
| BOOTHBAY FUND MANAGEMENT, LLC | 0.22% |
Funds
| Fund | % owned |
|---|---|
| Fidelity Nasdaq Composite Index Fund | 0.01% |
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