Lexaria Bioscience Corp
LEXXHealthcare·Biotechnology·Canada·Nano·NASD·Nov 11 • 1:26 PM ET
4.67-0.01 (-0.21%)
2026-11-11 19:38 CET
Market cap
9.86 USD m
Revenue, TTM
0.19 USD m
Net income, TTM
-7.73 USD m
Free cash flow, TTM
-7.47 USD m
EPS diluted, TTM
-5.28
P/E
-
Price
LEXX against its 20, 50 and 200-day averages2050200miss
78.4% under the 52-week high of 21.60 on 12 Dec 2025. 52-week low 2.43 on 14 Oct 2026. Last 15 sessions, 90.8% high to low
Profile
LEXX52-week range, 12% of the way up
2.4321.60
Lexaria Bioscience Corp. is a biotechnology company, which engages in the provision of active pharmaceutical ingredients through its DehydraTECH drug delivery technology. It operates through the IP licensing segment which generates revenue from customers by licensing its proprietary DehydraTECH technology. The company was founded on December 9, 2004 and is headquartered in Kelowna, Canada.
| Employees | 7 |
|---|---|
| IPO | Oct 10, 2006 |
| Beta | 0.53 |
| ATR, 14d | 0.47 |
| Rel volume | 0.09 |
| Short float | 10.66% |
| Insider own | 2.96% |
| Inst own | 4.94% |
Snapshot
6 groupsValuation
| Index | - |
|---|---|
| Market Cap | 9.84M |
| Enterprise Value | 5.92M |
| Income | -7.73M |
| Sales | 0.19M |
| Book/sh | 2.87 |
| Cash/sh | 1.72 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 7 |
| IPO | Oct 10, 2006 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | 51.78 |
| P/B | 1.63 |
| P/C | 2.72 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | 31.15 |
| Quick Ratio | 10.60 |
| Current Ratio | 10.60 |
| Debt/Eq | 0.02 |
| LT Debt/Eq | 0.01 |
| Option/Short | No / Yes |
Earnings
| EPS (ttm) | -5.28 |
|---|---|
| EPS next Y | - |
| EPS next Q | - |
| EPS this Y | - |
| EPS next Y | - |
| EPS next 5Y | - |
| EPS past 3/5Y | 18.80% 14.16% |
| Sales past 3/5Y | 40.34% 17.53% |
| EPS Y/Y TTM | 46.85% |
| Sales Y/Y TTM | -68.50% |
| EPS Q/Q | 61.24% |
| Sales Q/Q | -100.00% |
| Earnings | Jul 17 |
| EPS/Sales Surpr. | -33.33% - |
Ownership
| Insider Own | 2.96% |
|---|---|
| Insider Trans | 0.00% |
| Inst Own | 4.94% |
| Inst Trans | 0.25% |
| ROA | -134.21% |
| ROE | -150.28% |
| ROIC | -161.36% |
| Gross Margin | 48.98% |
| Oper. Margin | -3862.94% |
| Profit Margin | -3985.58% |
| SMA20 | 31.57% |
| SMA50 | 12.30% |
| SMA200 | -46.05% |
| Trades | - |
Technical
| Shs Outstand | 2.11M |
|---|---|
| Shs Float | 2.04M |
| Short Float | 10.66% |
| Short Ratio | 2.97 |
| Short Interest | 0.22M |
| 52W High | 21.60 -78.38% |
| 52W Low | 2.43 92.18% |
| Volatility | 9.44% 13.84% |
| ATR (14) | 0.47 |
| RSI (14) | 63.50 |
| Beta | 0.53 |
| Rel Volume | 0.09 |
| Avg Volume | 73.29K |
| Volume | 4,464 |
Performance
| Perf Week | 14.74% |
|---|---|
| Perf Month | 66.79% |
| Perf Quarter | -42.35% |
| Perf Half Y | -48.32% |
| Perf YTD | -49.54% |
| Perf Year | -72.20% |
| Perf 3Y | -77.92% |
| Perf 5Y | -95.22% |
| Perf 10Y | -95.93% |
| Recom | 1.00 |
| Target Price | 82.50 |
| Prev Close | 4.68 |
| Price | 4.67 |
| Change % | -0.21% |
Peers
Mkt capHeld by
AUM| Ticker | Company | AUM |
|---|---|---|
| VXF | Vanguard Extended Market Index ETF | AUM: 30.47B |
News
latest 14 of 200- Lexaria Enters a New Pharmaceutical Agreement for DehydraTECH (ACCESSWIRE)
- Lexaria Celebrates its 70th Patent Award (ACCESSWIRE)
- Lexaria's Human Study GLP-1-H26-7 Reaches Full Enrollment and Continues Dosing on Schedule (ACCESSWIRE) +6.42%
- Lexaria Announces Results from Animal Study GLP-1-A26-1 (ACCESSWIRE) +6.03%
- GLP-1 Weight-Loss/Diabetes Industries Continue Transition to Oral Medications (ACCESSWIRE) +16.97%
- Lexaria Updates Financial Position (ACCESSWIRE) +6.30%
- Lexaria Announces Closing of Exercise of Warrants for Approximately $5.9 Million in Gross Proceeds (ACCESSWIRE) -29.56% -38.64%
- Lexaria Announces Exercise of Warrants for Approximately $5.9 Million in Gross Proceeds (ACCESSWIRE) -33.78%
- Lexaria to Present at the H.C. Wainwright 28th Annual Global Investment Conference (ACCESSWIRE) +14.85%
- Lexaria Receives USD$2.6 Million Tax Rebate Payment (ACCESSWIRE) +10.59%
- DehydraTECH(TM)-enhanced Amycretin and Retatrutide Yield Significant Absorption Improvements in Lexaria's 2026 Animal Study #2 (ACCESSWIRE)
- Lexaria Enters a Material Transfer Agreement With PegBio (ACCESSWIRE) +32.35%
- Lexaria Announces Effective Date for Reverse Stock Split (ACCESSWIRE) -25.23%
- Lexaria Updates Business Development (ACCESSWIRE)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q3 | 2026-07-17 | -1.200 | -0.900 | -1.200 | 0.00 | 0.00 | 1 |
| 2026Q2 | 2026-04-14 | -1.050 | -1.050 | -0.890 | 0.00 | 0.00 | 1 |
| 2026Q1 | 2026-01-21 | -1.050 | -1.950 | -1.119 | 0.00 | 0.10 | 1 |
| 2025Q4 | 2025-10-29 | -2.100 | -2.400 | -2.067 | 0.20 | 0.14 | 2 |
| 2025Q3 | 2025-07-18 | -3.150 | -2.175 | -3.106 | 0.17 | 0.14 | 2 |
| 2025Q2 | 2025-04-15 | -2.250 | -2.450 | -2.324 | 0.17 | 0.15 | 3 |
| 2025Q1 | 2025-01-15 | -2.400 | -1.800 | -2.433 | 0.18 | 0.10 | 1 |
| 2024Q4 | 2024-10-30 | -2.100 | -1.800 | -2.073 | 0.09 | 0.20 | 1 |
| 2024Q3 | 2024-07-19 | -1.950 | -1.950 | -1.929 | 0.00 | 0.11 | 3 |
| 2024Q2 | 2024-04-09 | -0.900 | -1.500 | -0.905 | 0.15 | - | 1 |
| 2024Q1 | 2024-01-17 | -1.950 | -1.650 | -1.954 | 0.15 | - | 1 |
| 2023Q4 | 2023-11-01 | -2.250 | -2.550 | -2.250 | 0.00 | 0.18 | 1 |
| 2023Q3 | 2023-07-14 | -5.550 | -3.750 | -5.523 | 0.09 | 0.01 | 1 |
| 2023Q2 | 2023-04-19 | -3.300 | - | -3.272 | 0.04 | - | - |
| 2023Q1 | 2023-01-18 | -4.500 | - | -4.426 | 0.10 | - | - |
| 2022Q3 | 2022-11-28 | -6.150 | -4.200 | -6.006 | 0.10 | 0.12 | 1 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2017FY | - | - | -14.315 | 0.06 | - |
| 2018FY | -40.500 | -45.000 | -41.846 | 0.43 | 0.45 |
| 2021FY | -14.250 | -14.625 | -13.755 | 0.72 | 0.93 |
| 2022FY | -18.150 | -18.150 | -18.528 | 0.30 | 0.34 |
| 2023FY | -15.150 | -15.450 | -15.115 | 0.23 | 0.41 |
| 2024FY | -7.050 | -6.600 | -7.020 | 0.48 | 0.50 |
| 2025FY | -9.900 | -10.200 | -9.750 | 0.70 | 0.67 |
| 2026FY | - | -4.050 | - | - | 0.02 |
| 2027FY | - | -4.650 | - | - | 1.40 |
| 2028FY | - | -4.200 | - | - | 1.59 |
| 2029FY | - | 20.100 | - | - | 70.19 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q4 | S | 2026-07-17 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-04-14 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-04-04 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-02-09 | 2 | 0 | 0 | 0.05 | 0.00 | 0.10 |
| 2026Q4 | S | 2026-01-21 | 1 | 0 | 0 | 0.10 | 0.10 | 0.10 |
| 2026Q4 | S | 2025-11-11 | 1 | 0 | 0 | 0.10 | 0.10 | 0.10 |
| 2026Q4 | S | 2025-11-10 | 1 | 0 | 0 | 0.10 | 0.10 | 0.10 |
| 2026Q4 | S | 2025-11-09 | 1 | 0 | 0 | 0.10 | 0.10 | 0.10 |
| 2026Q4 | S | 2025-11-08 | 1 | 0 | 0 | 0.10 | 0.10 | 0.10 |
| 2026Q4 | S | 2025-11-07 | 1 | 0 | 0 | 0.10 | 0.10 | 0.10 |
| 2026Q4 | S | 2025-11-06 | 1 | 0 | 0 | 0.10 | 0.10 | 0.10 |
| 2026Q4 | S | 2025-11-05 | 1 | 0 | 0 | 0.10 | 0.10 | 0.10 |
| 2026Q4 | S | 2025-11-04 | 1 | 0 | 0 | 0.10 | 0.10 | 0.10 |
| 2026Q4 | S | 2025-11-03 | 1 | 0 | 0 | 0.10 | 0.10 | 0.10 |
Estimate history
| EPS, annual | -14.315 | -41.846 | -23.715 | -21.276 | -13.755 | -18.528 | -15.115 | -7.02 | -9.919 | -5.2806 |
|---|---|---|---|---|---|---|---|---|---|---|
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
| EPS, quarterly | -1.929 | -2.073 | -2.433 | -2.324 | -3.106 | -2.067 | -1.119 | -0.89 | -1.204 | |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
| Sales, annual | 0.064 | 0.433 | 0.223 | 0.315 | 0.723 | 0.255 | 0.226 | 0.464 | 0.706 | 0.19 |
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
| Sales, quarterly | 0.084 | 0.084 | 0.184 | 0.174 | 0.174 | 0.174 | 0 | 0.02 | 0 | |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
| Shares, annual | 0.151 | 0.168 | 0.175 | 0.2 | 0.382 | 0.397 | 0.539 | 1.054 | 1.304 | 1.652 |
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | MRQ |
| Shares, quarterly | 1.054 | 1.054 | 1.164 | 1.163 | 1.297 | 1.304 | 1.482 | 1.659 | 1.652 | |
| 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 | 2020FY | 2019FY | 2018FY |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 0.19 | 0.71 | 0.46 | 0.23 | 0.26 | 0.72 | 0.31 | 0.22 | 0.43 |
| Cost of Goods Sold Incl. D&A | 0.10 | 0.12 | 0.08 | 0.17 | 0.21 | 0.18 | 0.25 | 0.42 | 0.03 |
| Gross Profit | 0.10 | 0.59 | 0.38 | 0.05 | 0.05 | 0.55 | 0.07 | -0.19 | 0.41 |
| Selling, General and Administrative Excl. Other | 7.59 | 12.22 | 6.08 | 6.59 | 6.55 | 6.07 | 4.20 | 3.94 | 7.01 |
| Research and Development | 4.00 | 8.24 | 2.36 | 3.67 | 1.84 | 1.26 | 0.39 | 0.56 | 0.49 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Operating Income | -7.49 | -11.63 | -5.70 | -6.53 | -6.50 | -5.52 | -4.13 | -4.14 | -6.61 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - | - | - | - |
| Unusual Expense | 0.25 | 0.28 | 0.13 | 0.22 | 0.88 | 0.17 | 0.02 | 0.02 | - |
| Net Income Before Taxes | -7.74 | -11.91 | -5.81 | -6.71 | -7.38 | -4.16 | -4.15 | -4.16 | -6.61 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -7.74 | -11.91 | -5.81 | -6.71 | -7.38 | -4.16 | -4.15 | -4.16 | -6.61 |
| Net Income From Continuing Operations | -7.73 | -11.90 | -5.80 | -6.66 | -7.27 | -4.01 | -4.00 | -4.10 | -6.60 |
| Net Income | -7.73 | -11.90 | -5.80 | -6.66 | -7.27 | -4.03 | -3.93 | -4.10 | -6.60 |
| EPS (Recurring) | -4.57 | -9.75 | -6.91 | -14.76 | -16.95 | -13.36 | -21.20 | -23.65 | -41.85 |
| EPS (Basic, Before Extraordinaries) | -5.28 | -9.92 | -7.02 | -15.12 | -18.53 | -13.76 | -21.28 | -23.71 | -41.85 |
| EPS (Diluted) | -5.28 | -9.92 | -7.02 | -15.12 | -18.53 | -13.76 | -21.28 | -23.71 | -41.85 |
| EBITDA | -7.40 | -11.52 | -5.62 | -6.39 | -6.35 | -5.37 | -3.98 | -4.08 | -6.61 |
| Non-Operating Income (Expense) | 0.01 | 0.00 | 0.01 | 0.04 | 0.00 | 1.52 | 0.00 | 0.00 | 0.00 |
| 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 | 0.33 | 0.86 | 0.49 | 0.17 | 0.75 | 0.41 | 1.14 | 0.63 | 2.60 |
| Price To Sales Ratio | 76.98 | 22.44 | 104.29 | 30.70 | 68.21 | 37.79 | 91.42 | 241.12 | 335.73 |
| Gross Margin | 48.98 | 83.20 | 82.56 | 23.86 | 18.29 | 75.74 | 22.02 | -87.16 | 93.66 |
| Operating Margin | -3,862.94 | -1,647.97 | -1,226.70 | -2,888.50 | -2,545.39 | -763.84 | -1,311.63 | -1,860.64 | -1,526.28 |
| Net Margin | -3,985.58 | -1,686.00 | -1,248.25 | -2,946.36 | -2,846.28 | -557.19 | -1,249.71 | -1,841.53 | -1,522.97 |
| Shares Outstanding | 1.65 | 1.30 | 1.05 | 0.54 | 0.40 | 0.38 | 0.20 | 0.18 | 0.17 |
| Market Capitalization | 9.86 | 9.86 | 61.82 | 8.50 | 17.61 | 35.62 | 31.14 | 54.12 | 154.84 |
Income statement, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.02 | 0.00 | 0.17 | 0.17 | 0.17 | 0.18 | 0.08 |
| Cost of Goods Sold Incl. D&A | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.04 | 0.02 |
| Gross Profit | -0.03 | -0.01 | -0.02 | 0.15 | 0.16 | 0.16 | 0.15 | 0.07 |
| Selling, General and Administrative Excl. Other | 1.97 | 1.45 | 1.55 | 2.63 | 3.91 | 2.91 | 2.77 | 2.27 |
| Research and Development | 0.97 | 0.48 | 0.67 | 1.88 | 2.72 | 1.69 | 1.95 | 0.97 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -1.99 | -1.45 | -1.57 | -2.47 | -3.75 | -2.75 | -2.62 | -2.20 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unusual Expense | 0.00 | 0.00 | 0.02 | 0.23 | 0.04 | -0.03 | 0.02 | -0.01 |
| Net Income Before Taxes | -1.99 | -1.45 | -1.60 | -2.70 | -3.79 | -2.72 | -2.71 | -2.19 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -1.99 | -1.45 | -1.60 | -2.70 | -3.79 | -2.72 | -2.71 | -2.19 |
| Net Income From Continuing Operations | -1.99 | -1.45 | -1.60 | -2.70 | -3.79 | -2.71 | -2.70 | -2.18 |
| Net Income | -1.99 | -1.45 | -1.60 | -2.70 | -3.79 | -2.71 | -2.70 | -2.18 |
| EPS (Recurring) | -1.20 | -0.89 | -1.11 | -1.95 | -3.08 | -2.34 | -2.42 | -2.08 |
| EPS (Basic, Before Extraordinaries) | -1.20 | -0.89 | -1.12 | -2.07 | -3.11 | -2.32 | -2.43 | -2.07 |
| EPS (Diluted) | -1.20 | -0.89 | -1.12 | -2.07 | -3.11 | -2.32 | -2.43 | -2.07 |
| EBITDA | -1.97 | -1.43 | -1.55 | -2.45 | -3.73 | -2.73 | -2.59 | -2.19 |
| Non-Operating Income (Expense) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.07 | 0.01 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 0.07 | 0.07 | 0.06 | 0.12 | 0.47 | 0.17 | 0.10 | 0.10 |
| Price To Sales Ratio | 76.98 | 46.43 | 44.64 | 24.39 | 30.30 | 48.95 | 69.77 | 133.15 |
| Gross Margin | - | -32.84 | - | 87.70 | 91.14 | 89.76 | 80.47 | 80.51 |
| Operating Margin | - | -7,259.51 | - | -1,422.28 | -2,155.41 | -1,581.04 | -1,424.04 | -2,622.70 |
| Net Margin | - | -7,249.89 | - | -1,549.33 | -2,177.64 | -1,559.32 | -1,470.02 | -2,600.94 |
| Shares Outstanding | 1.65 | 1.66 | 1.48 | 1.30 | 1.30 | 1.16 | 1.16 | 1.05 |
| Market Capitalization | 9.86 | 15.54 | 21.32 | 17.13 | 17.80 | 25.65 | 32.89 | 61.82 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY | 2017FY |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 1.97 | 6.56 | 1.48 | 6.16 | 11.75 | 1.31 | 1.35 | 1.74 | 2.53 |
| Short Term Receivables | 0.37 | 0.15 | 0.18 | 0.20 | 0.34 | 0.31 | 0.27 | 0.27 | 0.05 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.04 | 0.03 | 0.12 | 0.13 | 0.09 | 0.07 |
| Other Current Assets | 1.13 | 1.19 | 0.55 | 0.58 | 0.32 | 0.18 | 0.07 | 0.19 | 0.15 |
| Total Current Assets | 3.47 | 7.90 | 2.20 | 6.98 | 12.44 | 1.93 | 1.82 | 2.28 | 2.80 |
| Net Property, Plant & Equipment | 0.33 | 0.39 | 0.42 | 0.37 | 0.46 | 0.61 | 0.59 | 0.00 | 0.00 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-Term Note Receivable | 0.06 | 0.06 | - | - | - | - | - | - | - |
| Intangible Assets | 0.31 | 0.52 | 0.46 | 0.49 | 0.36 | 0.29 | 0.27 | 0.15 | 0.06 |
| Other Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Assets | 4.18 | 8.87 | 3.08 | 7.83 | 13.27 | 2.83 | 2.68 | 2.43 | 2.86 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.03 | 0.03 | 0.03 | 0.04 | 0.05 | 0.04 | 0.00 | 0.01 | 0.04 |
| Accounts Payable | 0.57 | 0.38 | 0.23 | 0.06 | 0.05 | 0.05 | 0.03 | 0.04 | 0.03 |
| Income Tax Payable | - | - | - | 0.00 | - | - | - | - | - |
| Other Current Liabilities | 0.89 | 0.69 | 0.01 | 0.09 | 0.05 | 0.14 | 0.15 | 0.00 | 0.02 |
| Total Current Liabilities | 1.49 | 1.10 | 0.27 | 0.19 | 0.15 | 0.23 | 0.18 | 0.04 | 0.09 |
| Long Term Debt | 0.08 | 0.11 | 0.14 | 0.01 | 0.05 | 0.12 | 0.00 | 0.00 | 0.00 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 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 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.57 | 1.21 | 0.40 | 0.20 | 0.20 | 0.35 | 0.18 | 0.04 | 0.09 |
| Non-Equity Reserves | 0.00 | 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 | 0.00 |
| Common Equity | 2.99 | 8.04 | 3.04 | 7.95 | 13.27 | 2.53 | 2.38 | 2.39 | 3.01 |
| Total Shareholders Equity | 2.99 | 8.04 | 3.04 | 7.95 | 13.27 | 2.53 | 2.38 | 2.39 | 3.01 |
| Accumulated Minority Interest | -0.39 | -0.38 | -0.36 | -0.32 | -0.20 | -0.04 | 0.11 | 0.00 | -0.24 |
| Total Equity | 2.60 | 7.66 | 2.68 | 7.63 | 13.06 | 2.48 | 2.49 | 2.39 | 2.77 |
| Total Liabilities & Stockholders Equity | 4.18 | 8.87 | 3.08 | 7.83 | 13.27 | 2.83 | 2.68 | 2.43 | 2.86 |
| Book Value Per Share | 2.29 | 7.62 | 5.64 | 20.04 | 34.75 | 12.62 | 13.61 | 14.23 | 19.90 |
| Tangible Book Value Per Share | 2.06 | 7.13 | 4.79 | 18.80 | 33.79 | 11.16 | 12.10 | 13.35 | 19.49 |
| Full-Time Employees | 7 | 7 | 5 | 7 | 6 | 4 | - | - | - |
| Price to Book Ratio | 1.63 | 6.11 | 1.93 | 2.22 | 2.69 | 12.33 | 17.02 | 64.84 | 7.91 |
| Return on Assets | -182.50 | -96.98 | -122.09 | -68.90 | -49.77 | -145.30 | -160.54 | -249.39 | -109.10 |
| Return on Equity | -215.88 | -104.60 | -121.26 | -68.53 | -50.73 | -162.92 | -171.84 | -244.65 | -114.25 |
| Return on Invested Capital | -387.86 | -71.15 | -209.57 | -91.37 | -30.24 | -148.72 | -172.02 | -276.31 | -62.18 |
| Quick Ratio | 2.32 | 7.18 | 8.22 | 35.76 | 80.99 | 8.01 | 9.17 | 50.34 | 29.54 |
| Current Ratio | 2.32 | 7.18 | 8.22 | 35.96 | 81.18 | 8.53 | 9.86 | 52.34 | 30.27 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | -7.74 | -11.91 | -5.81 | -6.71 | -7.38 | -4.19 | -4.08 | -4.16 | -6.61 |
| Depreciation | 0.13 | 0.12 | 0.08 | 0.15 | 0.14 | 0.15 | 0.15 | 0.06 | 0.00 |
| Other Funds (Non Cash) | 0.60 | 1.15 | 0.67 | 0.54 | 2.71 | -0.01 | 1.51 | 1.01 | 4.46 |
| Funds from Operations | -7.01 | -10.65 | -5.07 | -6.02 | -4.53 | -4.05 | -2.42 | -3.09 | -2.15 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -0.41 | 0.20 | 0.11 | 0.14 | -0.35 | 0.06 | -0.19 | 0.04 | -0.34 |
| Cash from Operating Activities | -7.43 | -10.45 | -4.96 | -5.88 | -4.88 | -3.99 | -2.62 | -3.05 | -2.48 |
| Capital Expenditures | -0.10 | -0.10 | -0.19 | -0.17 | -0.18 | -0.08 | -0.03 | -0.77 | -0.09 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.07 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.27 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | -0.14 | -0.14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Purchase of Investments | -0.14 | -0.14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Other Uses | 0.00 | 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 | -0.24 | -0.24 | -0.19 | -0.17 | -0.18 | 0.19 | -0.03 | -0.77 | -0.16 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 6.52 | 6.05 | 10.32 | 1.59 | 0.00 | 13.49 | 2.67 | 2.33 | 1.87 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 6.52 | 6.05 | 10.32 | 1.59 | 0.00 | 13.49 | 2.67 | 2.33 | 1.87 |
| Proceedsfrom Stock Options | 6.52 | 6.05 | 4.21 | 1.59 | 0.00 | 9.47 | 2.67 | 2.33 | 1.87 |
| Issuance or Reduction of Debt, Net | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.02 | 0.03 | 0.04 | -0.03 |
| Change in Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.02 | 0.03 | 0.00 | 0.00 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 |
| Reduction of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.02 | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | -0.04 | -0.04 | -0.04 | 1.00 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | 0.00 | 0.00 | -0.04 | -0.04 | -0.04 | 0.00 | 0.00 |
| Cash from Financing Activities | 6.52 | 6.05 | 10.32 | 1.59 | -0.04 | 13.42 | 2.65 | 3.37 | 1.83 |
| Exchange Rate Effect | 0.03 | -0.05 | -0.02 | - | - | - | - | - | - |
| Net Change in Cash | -1.12 | -4.70 | 5.15 | -4.46 | -5.10 | 9.62 | 0.01 | -0.44 | -0.81 |
| Free Cash Flow | -7.47 | -10.48 | -5.00 | -5.91 | -4.93 | -3.99 | -2.62 | -3.69 | -2.48 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Taxes & Investment Tax Credit | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance sheet, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 3.62 | 5.27 | 4.42 | 1.97 | 4.63 | 6.54 |
| Short Term Receivables | 0.05 | 0.04 | 0.09 | 0.37 | 0.36 | 0.33 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 0.40 | 0.46 | 0.85 | 1.13 | 0.82 | 0.85 |
| Total Current Assets | 4.06 | 5.77 | 5.36 | 3.47 | 5.81 | 7.72 |
| Net Property, Plant & Equipment | 0.31 | 0.33 | 0.32 | 0.33 | 0.35 | 0.38 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 0.34 | 0.32 | 0.31 | 0.31 | 0.52 | 0.51 |
| Other Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Assets | 4.78 | 6.49 | 6.05 | 4.18 | 6.74 | 8.68 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Accounts Payable | 0.10 | 0.04 | 1.18 | 0.57 | 0.60 | 1.28 |
| Other Current Liabilities | 0.25 | 0.15 | 0.25 | 0.89 | 0.86 | 0.51 |
| Total Current Liabilities | 0.38 | 0.21 | 1.46 | 1.49 | 1.49 | 1.82 |
| Long Term Debt | 0.05 | 0.06 | 0.07 | 0.08 | 0.09 | 0.09 |
| 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 | 0.44 | 0.28 | 1.53 | 1.57 | 1.57 | 1.92 |
| 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 | 4.74 | 6.60 | 4.91 | 2.99 | 5.55 | 7.14 |
| Total Shareholders Equity | 4.74 | 6.60 | 4.91 | 2.99 | 5.55 | 7.14 |
| Accumulated Minority Interest | -0.39 | -0.39 | -0.39 | -0.39 | -0.39 | -0.38 |
| Total Equity | 4.34 | 6.21 | 4.52 | 2.60 | 5.17 | 6.76 |
| Total Liabilities & Stockholders Equity | 4.78 | 6.49 | 6.05 | 4.18 | 6.74 | 8.68 |
| Book Value Per Share | 2.87 | 3.98 | 3.32 | 2.29 | 4.28 | 6.14 |
| Tangible Book Value Per Share | 2.66 | 3.79 | 3.11 | 2.06 | 3.88 | 5.71 |
| Full-Time Employees | - | - | - | 7 | - | - |
| Price to Book Ratio | 1.63 | 3.16 | 7.13 | 3.09 | 2.49 | 3.59 |
| Return on Assets | -134.21 | -125.68 | -136.24 | -182.50 | -135.93 | -124.87 |
| Return on Equity | -150.28 | -138.64 | -146.97 | -215.88 | -145.34 | -137.33 |
| Return on Invested Capital | -41.55 | -21.76 | -32.00 | -87.85 | -67.20 | -37.48 |
| Quick Ratio | 10.60 | 26.88 | 3.68 | 2.32 | 3.90 | 4.24 |
| Current Ratio | 10.60 | 26.88 | 3.68 | 2.32 | 3.90 | 4.24 |
Cash flow, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Net Income | -1.99 | -1.45 | -1.60 | -2.70 | -3.79 | -2.72 |
| Depreciation | 0.03 | 0.03 | 0.02 | 0.05 | 0.03 | 0.00 |
| Other Funds (Non Cash) | 0.09 | 0.08 | 0.10 | 0.33 | 0.52 | 0.18 |
| Funds from Operations | -1.87 | -1.35 | -1.47 | -2.32 | -3.24 | -2.54 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 0.24 | -0.81 | 0.49 | -0.32 | -0.34 | 1.04 |
| Cash from Operating Activities | -1.64 | -2.16 | -0.98 | -2.64 | -3.58 | -1.50 |
| Capital Expenditures | -0.03 | -0.06 | -0.01 | -0.01 | -0.02 | -0.03 |
| 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 | -0.00 | 0.00 | 0.00 | -0.14 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | -0.14 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | -0.00 | 0.00 | 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 | -0.03 | -0.05 | -0.01 | -0.16 | -0.02 | -0.03 |
| 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 | 0.00 | 3.04 | 3.47 | 0.00 | 1.69 | 0.01 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.00 | 3.04 | 3.47 | 0.00 | 1.69 | 0.01 |
| Proceedsfrom Stock Options | 0.00 | 3.04 | 3.47 | 0.00 | 1.69 | 0.01 |
| Issuance or Reduction of Debt, Net | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 | 0.00 | 3.04 | 3.47 | 0.00 | 1.69 | 0.01 |
| Exchange Rate Effect | 0.01 | 0.02 | -0.01 | 0.01 | 0.04 | -0.10 |
| Net Change in Cash | -1.65 | 0.85 | 2.48 | -2.79 | -1.88 | -1.61 |
| Free Cash Flow | -1.64 | -2.20 | -0.98 | -2.64 | -3.58 | -1.50 |
Revenue breakdown
| B2B | 2024: 6.29K 2025: 9.92K |
|---|---|
| IP Licensing | 2024: 457.99K 2025: 696.00K |
| Canada | 2024: 464.28K 2025: 705.92K |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 10.66% | 0.2M | 2.0M | 74.86K |
| 2026-10-15 | 12.54% | 0.3M | 2.0M | 69.51K |
| 2026-09-30 | 13.46% | 0.3M | 2.0M | 57.67K |
| 2026-09-15 | 8.77% | 0.2M | 2.0M | 47.09K |
| 2026-08-31 | 2.23% | 0.0M | 1.6M | 29.68K |
| 2026-08-14 | 1.74% | 0.0M | 1.6M | 11.52K |
| 2026-07-31 | 1.02% | 0.0M | 1.6M | 7.19K |
| 2026-07-15 | 0.68% | 0.0M | 1.6M | 7.92K |
| 2026-06-30 | 1.43% | 0.0M | 1.6M | 9.90K |
| 2026-06-15 | 1.50% | 0.0M | 1.6M | 10.79K |
| 2026-05-29 | 1.46% | 0.0M | 1.6M | 11.76K |
| 2026-05-15 | 1.59% | 0.0M | 1.6M | 11.93K |
| 2026-04-30 | 1.44% | 0.0M | 1.6M | 12.56K |
| 2026-04-15 | 1.59% | 0.0M | 1.6M | 11.35K |
| 2026-03-31 | 1.20% | 0.0M | 1.6M | 12.03K |
| 2026-03-13 | 1.58% | 0.0M | 1.6M | 41.10K |
| 2026-02-27 | 1.63% | 0.0M | 1.6M | 40.82K |
| 2026-02-13 | 2.77% | 0.0M | 1.6M | 41.22K |
| 2026-01-30 | 2.68% | 0.0M | 1.6M | 41.90K |
| 2026-01-15 | 4.49% | 0.1M | 1.6M | 42.22K |
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 |
|---|---|---|---|---|
| 2026-10-13 | EFFECT | Effectiveness filing by commission order | SEC | |
| 2026-10-13 | 424B3 | SEC | ||
| 2026-10-02 | S-3 | Registration statement for specified transactions by certain issuers including face-amount certificate companies | SEC | |
| 2026-09-21 | D | Notice of sales of securities on Form D (Regulation D) | SEC | |
| 2026-09-09 | 8-K | Current report | 2026-09-07 | SEC |
| 2026-09-01 | 8-K | Current report | 2026-08-28 | SEC |
| 2026-08-17 | 8-K | Current report | 2026-08-17 | SEC |
| 2026-08-10 | 8-K | Current report | 2026-08-04 | SEC |
| 2026-07-30 | 8-K | Current report | 2026-07-29 | SEC |
| 2026-07-13 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-05-31 | SEC |
| 2026-04-13 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-02-28 | SEC |
| 2026-03-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-03-17 | SEC |
| 2026-02-06 | 8-K | Current report | 2026-02-04 | SEC |
| 2026-01-28 | 8-K | Current report | 2026-01-27 | SEC |
| 2026-01-28 | S-8 | Initial registration statement for securities to be offered to employees pursuant to employee benefit plans | SEC | |
| 2026-01-14 | EFFECT | Effectiveness filing by commission order | SEC | |
| 2026-01-14 | 424B3 | SEC | ||
| 2026-01-14 | 25-NSE | SEC | ||
| 2026-01-13 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2025-11-30 | SEC |
| 2025-12-29 | S-3 | Registration statement for specified transactions by certain issuers including face-amount certificate companies | SEC | |
| 2025-12-19 | D | Notice of sales of securities on Form D (Regulation D) | SEC | |
| 2025-12-16 | 8-K | Current report | 2025-12-14 | SEC |
| 2025-12-16 | 424B5 | SEC | ||
| 2025-12-10 | DEF 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-01-27 | SEC |
| 2025-12-09 | EFFECT | Effectiveness filing by commission order | SEC | |
| 2025-12-09 | 424B3 | SEC | ||
| 2025-12-08 | EFFECT | Effectiveness filing by commission order | SEC | |
| 2025-12-05 | POS AM | Post-effective amendment to a registration statement that is not immediately effective upon filing | SEC | |
| 2025-12-05 | CORRESP | SEC | ||
| 2025-12-05 | S-1/A | 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 |
|---|---|
| Invenomic Capital Management LP | 1.39% |
| VANGUARD CAPITAL MANAGEMENT LLC | 1.20% |
| GEODE CAPITAL MANAGEMENT, LLC | 0.79% |
| CITADEL ADVISORS LLC | 0.63% |
| UBS Group AG | 0.61% |
| TORONTO DOMINION BANK | 0.40% |
| VANGUARD FIDUCIARY TRUST CO | 0.38% |
| HRT FINANCIAL LP | 0.26% |
| NORTHERN TRUST CORP | 0.16% |
| STATE STREET CORP | 0.16% |
Funds
| Fund | % owned |
|---|---|
| VANGUARD EXTENDED MARKET INDEX FUND | 1.20% |
| Fidelity Extended Market Index Fund | 0.52% |
| Invenomic Fund | 0.40% |
| Fidelity Series Total Market Index Fund | 0.13% |
| Fidelity Total Market Index Fund | 0.11% |
| Fidelity Nasdaq Composite Index Fund | 0.04% |
| Blackstone Alternative Multi-Strategy Fund | 0.00% |
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