NervGen Pharma Corp
NGENHealthcare·Biotechnology·Canada·Micro·NASD·Nov 11 • 3:36 PM ET
1.34+0.01 (0.75%)
2026-11-11 21:36 CET
Market cap
143.13 USD m
Revenue, TTM
0.00 USD m
Net income, TTM
-15.73 USD m
Free cash flow, TTM
-18.43 USD m
EPS diluted, TTM
-0.40
P/E
-
Price
NGEN against its 20, 50 and 200-day averages2050200beatmiss
78.7% under the 52-week high of 6.30 on 8 Jan 2026. 52-week low 1.28 on 3 Nov 2026. Last 15 sessions, 21.1% high to low
Volume 0.41× normal · the line is the 50-bar volume average
Profile
NGEN52-week range, 1% of the way up
1.286.30
NervGen Pharma Corp. operates as a clinical stage biotech company. It engages in the discovery, development and commercialization of neuroreparative therapeutics for spinal cord injury and other neurotraumatic and neurologic conditions. The company was founded by Harold Punnett and William Joseph Radvak on January 19, 2017 and is headquartered in Vancouver, Canada.
| Employees | 8 |
|---|---|
| IPO | Apr 03, 2019 |
| Beta | 0.78 |
| ATR, 14d | 0.10 |
| Rel volume | 0.41 |
| Short float | 5.41% |
| Insider own | 16.53% |
| Inst own | 12.09% |
Snapshot
6 groupsValuation
| Index | - |
|---|---|
| Market Cap | 144.21M |
| Enterprise Value | 83.04M |
| Income | -15.73M |
| Sales | 0.00M |
| Book/sh | 0.31 |
| Cash/sh | 0.57 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 8 |
| IPO | Apr 03, 2019 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | - |
| P/B | 4.32 |
| P/C | 2.36 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | - |
| Quick Ratio | 2.07 |
| Current Ratio | 2.07 |
| Debt/Eq | 0.00 |
| LT Debt/Eq | 0.00 |
| Option/Short | Yes / Yes |
Earnings
| EPS (ttm) | -0.40 |
|---|---|
| EPS next Y | -0.40 |
| EPS next Q | -0.10 |
| EPS this Y | -19.11% |
| EPS next Y | 23.08% |
| EPS next 5Y | 5.80% |
| EPS past 3/5Y | -13.03% -10.94% |
| Sales past 3/5Y | - - |
| EPS Y/Y TTM | 18.13% |
| Sales Y/Y TTM | - |
| EPS Q/Q | -1.20% |
| Sales Q/Q | - |
| Earnings | Aug 13 BMO |
| EPS/Sales Surpr. | -337.95% - |
Ownership
| Insider Own | 16.53% |
|---|---|
| Insider Trans | 0.00% |
| Inst Own | 12.09% |
| Inst Trans | 13.67% |
| ROA | -41.42% |
| ROE | -97.30% |
| ROIC | -47.66% |
| Gross Margin | - |
| Oper. Margin | - |
| Profit Margin | - |
| SMA20 | -6.24% |
| SMA50 | -23.82% |
| SMA200 | -50.21% |
| Trades | - |
Technical
| Shs Outstand | 106.41M |
|---|---|
| Shs Float | 89.82M |
| Short Float | 5.41% |
| Short Ratio | 9.57 |
| Short Interest | 4.86M |
| 52W High | 6.30 -78.73% |
| 52W Low | 1.28 4.69% |
| Volatility | 6.07% 6.86% |
| ATR (14) | 0.10 |
| RSI (14) | 34.59 |
| Beta | 0.78 |
| Rel Volume | 0.41 |
| Avg Volume | 508.17K |
| Volume | 195,791 |
Performance
| Perf Week | -0.74% |
|---|---|
| Perf Month | -17.79% |
| Perf Quarter | -23.86% |
| Perf Half Y | -63.19% |
| Perf YTD | -76.07% |
| Perf Year | -44.49% |
| Perf 3Y | -1.47% |
| Perf 5Y | -42.49% |
| Perf 10Y | - |
| Recom | 1.00 |
| Target Price | 10.00 |
| Prev Close | 1.33 |
| Price | 1.34 |
| Change % | 0.75% |
Analyst ratings
latest 3 of 3| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Jul 13, 2026 | Initiated | LLeerink Partners | Outperform | $10 | +646.3% |
| Jun 11, 2026 | Initiated | TTD Cowen | Buy | ||
| Apr 27, 2026 | Initiated | HH.C. Wainwright | Buy | $18 | +1,243.3% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| LCTX | Lineage Cell Therapeutics Inc | 284.52M |
| CLNN | Clene Inc | 62.64M |
| ACIU | AC Immune SA | 231.61M |
| AVXL | Anavex Life Sciences Corp | 98.72M |
| ACOG | Alpha Cognition Inc | 191.21M |
| VYGR | Voyager Therapeutics Inc | 108.90M |
| ALEC | Alector Inc | 401.60M |
| CGTX | Cognition Therapeutics Inc | 64.36M |
| ANNX | Annexon Inc | 795.44M |
| SLDB | Solid Biosciences Inc | 847.76M |
Held by
AUMNews
latest 14 of 40- NervGen Announces First Participant Dosed in RESTORE, a Phase 3 Registrational Study Evaluating NVG-291 in Chronic Spinal Cord Injury (GlobeNewswire)
- NervGen to Restate Previously Filed Financial Statements Recognizing Non-Cash Accounting Adjustments (GlobeNewswire)
- NervGen to Host Inaugural R&D Day on September 30, 2026 (GlobeNewswire)
- NervGen Reports Second Quarter 2026 Financial Results and Provides Business Updates (GlobeNewswire)
- NervGen Announces Positive Independent, Blinded Biomechanical Gait Analyses Demonstrating Genuine Neural Recovery with NVG-291 in Phase 1b/2a CONNECT SCI Study (GlobeNewswire)
- NervGen Announces Pricing of US$60.0 Million Public Offering of Securities (GlobeNewswire) -43.48%
- NervGen Announces Proposed Public Offering of Securities (GlobeNewswire)
- NervGen Reports First Quarter 2026 Financial Results and Provides Business Updates (GlobeNewswire)
- NervGen Pharma Strengthens Leadership Team with Appointment of Keith Vendola as Chief Financial Officer (GlobeNewswire)
- NervGen Pharma to Participate in the H.C. Wainwright "HCW@Home" Series and the 2026 Bloom Burton & Co. Healthcare Investor Conference (GlobeNewswire)
- NervGen Pharma Announces Successful End-of-Phase 2 Meeting and FDA Alignment on RESTORE, a Phase 3 Registrational Study of NVG-291 for Chronic Tetraplegia (GlobeNewswire) -9.57%
- NervGen Pharma Reports Full Year 2025 Financial Results and Provides Business Updates (GlobeNewswire)
- NervGen Pharma Announces Voluntary Delisting from TSX Venture Exchange (GlobeNewswire) -6.98%
- NervGen Pharma Appoints Shamim Ruff as Chief Regulatory Affairs Officer and Christine McSherry as SVP, Patient Advocacy and Clinical Affairs (GlobeNewswire) +8.10%
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q2 | 2026-08-13 | -0.265 | -0.061 | -0.270 | 0.00 | 0.00 | 6 |
| 2026Q1 | 2026-05-15 | -0.015 | -0.074 | -0.015 | 0.00 | 0.00 | 6 |
| 2025Q4 | 2026-03-31 | -0.258 | -0.114 | -0.251 | 0.00 | 0.00 | 4 |
| 2025Q3 | 2025-11-25 | -0.043 | -0.061 | -0.041 | 0.00 | 0.00 | 2 |
| 2026Q3 | - | - | -0.103 | - | - | 0.00 | 2 |
| 2026Q4 | - | - | -0.124 | - | - | 0.00 | 2 |
| 2027Q1 | - | - | -0.092 | - | - | - | 1 |
| 2027Q2 | - | - | -0.099 | - | - | - | 1 |
| 2027Q3 | - | - | -0.106 | - | - | - | 1 |
| 2027Q4 | - | - | -0.099 | - | - | - | 1 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2024FY | -0.256 | -0.219 | -0.263 | 0.00 | 0.00 |
| 2025FY | -0.437 | -0.217 | -0.313 | 0.00 | 0.00 |
| 2026FY | - | -0.521 | - | - | 0.00 |
| 2027FY | - | -0.401 | - | - | 0.00 |
| 2028FY | - | -0.365 | - | - | 0.00 |
| 2029FY | - | -0.220 | - | - | 65.97 |
| 2030FY | - | 0.542 | - | - | 217.39 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q3 | S | 2026-08-26 | 2 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-08-23 | 3 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-08-13 | 4 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-08-02 | 4 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-07-10 | 5 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-06-20 | 4 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-06-10 | 4 | 0 | 1 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-05-15 | 3 | 0 | 1 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-04-24 | 3 | 0 | 1 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-04-13 | 2 | 0 | 1 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-04-06 | 1 | 0 | 1 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2026-03-31 | 1 | 1 | 0 | 0.01 | 0.01 | 0.01 |
| 2026Q3 | S | 2025-11-25 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q3 | S | 2025-11-11 | 1 | 0 | 0 | 0.00 | 0.00 | 0.00 |
Estimate history
| EPS, annual | 0 | -0.039 | -0.284 | -0.26 | -0.258 | -0.302 | -0.28 | -0.263 | -0.437 | -0.4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
| EPS, quarterly | -0.082 | -0.055 | -0.088 | -0.039 | -0.091 | -0.041 | -0.251 | -0.015 | -0.093 | |
| 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 | 0 | 0 | 0 | 0 |
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
| Sales, quarterly | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
| Shares, annual | 27.202 | 27.202 | 29.352 | 35.168 | 46.19 | 58.779 | 59.606 | 70.333 | 79.649 | 106.413 |
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | MRQ |
| Shares, quarterly | 70.043 | 70.185 | 70.333 | 70.938 | 72.836 | 73.408 | 79.649 | 80.991 | 106.413 | |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Goods Sold Incl. D&A | 0.04 | 0.04 | 0.06 | 0.11 | 0.09 | 0.03 | 0.03 | 0.03 | 0.02 |
| Gross Profit | -0.04 | -0.04 | -0.06 | -0.11 | -0.09 | -0.03 | -0.03 | -0.03 | -0.02 |
| Selling, General and Administrative Excl. Other | 23.09 | 17.91 | 18.32 | 13.06 | 17.60 | 10.18 | 8.32 | 7.41 | 1.03 |
| Research and Development | 14.95 | 9.91 | 11.50 | 5.93 | 12.73 | 5.45 | 4.57 | 4.86 | 0.60 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -23.13 | -17.95 | -18.38 | -13.17 | -17.69 | -10.22 | -8.35 | -7.43 | -1.05 |
| Interest Expense | 0.00 | 0.00 | 0.00 | - | 0.40 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unusual Expense | -5.78 | 13.57 | 0.10 | 3.70 | -1.47 | 0.00 | 0.00 | - | - |
| Net Income Before Taxes | -15.73 | -31.57 | -17.70 | -16.58 | -15.92 | -10.15 | -8.34 | -7.36 | -1.05 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -15.73 | -31.57 | -17.70 | -16.58 | -15.92 | -10.15 | -8.34 | -7.36 | -1.05 |
| Net Income From Continuing Operations | -15.73 | -31.57 | -17.70 | -16.58 | -15.92 | -10.15 | -8.34 | -7.36 | -1.05 |
| Net Income | -15.73 | -31.57 | -17.70 | -16.58 | -15.92 | -10.15 | -8.34 | -7.36 | -1.05 |
| EPS (Recurring) | -0.35 | -0.31 | -0.26 | -0.24 | -0.32 | -0.26 | -0.26 | -0.28 | -0.04 |
| EPS (Basic, Before Extraordinaries) | -0.22 | -0.44 | -0.26 | -0.28 | -0.30 | -0.26 | -0.26 | -0.28 | -0.04 |
| EPS (Diluted) | -0.40 | -0.44 | -0.26 | -0.28 | -0.30 | -0.26 | -0.26 | -0.28 | -0.04 |
| EBITDA | -23.09 | -17.91 | -18.32 | -13.06 | -17.60 | -10.18 | -8.32 | -7.41 | -1.03 |
| Non-Operating Income (Expense) | 1.62 | -0.05 | 0.78 | 0.29 | 0.70 | 0.07 | 0.01 | 0.07 | 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 | 2.67 | 3.86 | 4.41 | 4.48 | 2.13 | 3.20 | 2.55 | 0.97 | 0.03 |
| Shares Outstanding | 106.41 | 79.65 | 70.33 | 59.61 | 58.78 | 46.19 | 35.17 | 29.35 | 27.20 |
| Market Capitalization | 143.13 | 143.13 | 153.27 | 121.39 | 69.83 | 58.41 | 36.41 | 33.06 | 32.23 |
Income statement, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 | 2024Q3 |
|---|---|---|---|---|---|---|---|---|
| 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 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Gross Profit | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 |
| Selling, General and Administrative Excl. Other | 8.56 | 5.48 | 4.58 | 4.47 | 4.66 | 4.20 | 4.86 | 5.24 |
| Research and Development | 5.62 | 3.54 | 2.57 | 3.22 | 1.95 | 2.19 | 3.27 | 3.19 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -8.57 | -5.49 | -4.59 | -4.48 | -4.67 | -4.21 | -4.87 | -5.25 |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | - | - | - | - |
| Unusual Expense | -14.69 | -4.17 | 14.52 | -1.44 | 1.95 | -1.39 | 1.50 | -1.29 |
| Net Income Before Taxes | 7.80 | -1.22 | -19.30 | -3.02 | -6.57 | -2.75 | -6.16 | -3.83 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | 7.80 | -1.22 | -19.30 | -3.02 | -6.57 | -2.75 | -6.16 | -3.83 |
| Net Income From Continuing Operations | 7.80 | -1.22 | -19.30 | -3.02 | -6.57 | -2.75 | -6.16 | -3.83 |
| Net Income | 7.80 | -1.22 | -19.30 | -3.02 | -6.57 | -2.75 | -6.16 | -3.83 |
| EPS (Recurring) | -0.19 | -0.05 | -0.12 | -0.06 | -0.07 | -0.05 | -0.07 | -0.07 |
| EPS (Basic, Before Extraordinaries) | 0.08 | -0.02 | -0.25 | -0.04 | -0.09 | -0.04 | -0.09 | -0.05 |
| EPS (Diluted) | -0.09 | -0.02 | -0.25 | -0.04 | -0.09 | -0.04 | -0.09 | -0.05 |
| EBITDA | -8.56 | -5.48 | -4.58 | -4.47 | -4.66 | -4.20 | -4.86 | -5.24 |
| Non-Operating Income (Expense) | 1.68 | 0.10 | -0.19 | 0.02 | 0.04 | 0.06 | 0.21 | 0.12 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 0.59 | 0.69 | 0.58 | 0.81 | 1.46 | 1.02 | 1.20 | 1.19 |
| Shares Outstanding | 106.41 | 80.99 | 79.65 | 73.41 | 72.84 | 70.94 | 70.33 | 70.19 |
| Market Capitalization | 143.13 | 300.07 | 438.85 | 173.05 | 183.18 | 141.82 | 153.27 | 133.34 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY | 2017FY |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 16.11 | 12.07 | 8.84 | 16.57 | 13.40 | 4.39 | 3.17 | 1.81 | 0.00 |
| Short Term Receivables | 0.06 | 0.29 | 0.19 | 0.02 | 0.05 | 0.05 | 0.09 | 0.02 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 0.47 | 0.86 | 0.46 | 0.49 | 0.34 | 0.42 | 1.56 | 0.04 | 0.00 |
| Total Current Assets | 16.63 | 13.22 | 9.49 | 17.08 | 13.79 | 4.87 | 4.82 | 1.87 | 0.00 |
| Net Property, Plant & Equipment | 0.00 | 0.00 | 0.15 | 0.22 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Investments and Advances | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 0.30 | 0.32 | 0.39 | 0.32 | 0.37 | 0.37 | 0.39 | 0.40 | 0.00 |
| Other Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 |
| Total Assets | 16.93 | 13.55 | 10.04 | 17.62 | 14.17 | 5.24 | 5.22 | 2.27 | 0.07 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.01 | 0.07 | 0.07 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Accounts Payable | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Liabilities | 14.39 | 11.68 | 11.41 | 7.48 | 0.85 | 0.59 | 0.71 | 0.33 | 0.08 |
| Total Current Liabilities | 14.40 | 11.75 | 11.48 | 7.54 | 0.85 | 0.59 | 0.71 | 0.33 | 0.08 |
| Long Term Debt | 0.00 | 0.01 | 0.08 | 0.15 | 0.00 | 0.00 | 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 | 0.10 | 0.00 |
| Total Liabilities | 14.40 | 11.76 | 11.56 | 7.69 | 0.85 | 0.59 | 0.71 | 0.43 | 0.08 |
| 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 | 2.54 | 1.79 | -1.52 | 9.93 | 13.31 | 4.65 | 4.50 | 1.84 | -0.01 |
| Total Shareholders Equity | 2.54 | 1.79 | -1.52 | 9.93 | 13.31 | 4.65 | 4.50 | 1.84 | -0.01 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 2.54 | 1.79 | -1.52 | 9.93 | 13.31 | 4.65 | 4.50 | 1.84 | -0.01 |
| Total Liabilities & Stockholders Equity | 16.93 | 13.55 | 10.04 | 17.62 | 14.17 | 5.24 | 5.22 | 2.27 | 0.07 |
| Book Value Per Share | 0.03 | 0.03 | -0.03 | 0.17 | 0.29 | 0.13 | 0.15 | 0.07 | -0.00 |
| Tangible Book Value Per Share | 0.03 | 0.02 | -0.03 | 0.16 | 0.28 | 0.12 | 0.14 | 0.05 | -0.00 |
| Full-Time Employees | 8 | - | 16 | 11 | 18 | 18 | 13 | - | - |
| Price to Book Ratio | 4.29 | 22.52 | 32.14 | 5.21 | 13.38 | 8.22 | 8.98 | 8.75 | - |
| Return on Assets | -207.17 | -150.09 | -119.91 | -100.15 | -104.61 | -159.51 | -196.65 | -89.80 | - |
| Return on Equity | -1,459.01 | -13,215.59 | -394.32 | -136.93 | -113.03 | -182.26 | -231.96 | -114.45 | - |
| Return on Invested Capital | -1,244.76 | -984.84 | - | -157.91 | -76.24 | -179.47 | -163.38 | -56.93 | - |
| Quick Ratio | 1.16 | 1.12 | 0.83 | 2.27 | 16.16 | 8.21 | 6.77 | 5.68 | 0.00 |
| Current Ratio | 1.16 | 1.12 | 0.83 | 2.27 | 16.16 | 8.21 | 6.77 | 5.68 | 0.00 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | -15.80 | -31.57 | -17.70 | -16.58 | -15.92 | -10.15 | -8.34 | -7.36 | -1.05 |
| Depreciation | 0.04 | 0.04 | 0.06 | 0.11 | 0.09 | 0.03 | 0.03 | 0.03 | 0.02 |
| Other Funds (Non Cash) | -0.39 | 17.11 | 4.73 | 8.28 | 0.54 | 3.18 | 2.56 | 1.08 | -0.00 |
| Funds from Operations | -16.15 | -14.43 | -12.91 | -8.19 | -15.29 | -6.94 | -5.75 | -6.26 | -1.04 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -2.28 | 0.47 | 0.61 | -0.18 | 1.62 | 0.34 | 1.05 | 0.16 | 0.23 |
| Cash from Operating Activities | -18.43 | -13.96 | -12.29 | -8.37 | -13.66 | -6.60 | -4.70 | -6.10 | -0.80 |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | -0.10 | -0.02 | -0.04 | -0.00 | 0.00 | -0.10 |
| 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 | 0.00 |
| Purchase or Sale of Investments | 0.04 | 0.07 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 0.04 | 0.07 | 0.04 | 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 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | 0.04 | 0.07 | 0.04 | -0.10 | -0.02 | -0.04 | -0.00 | 0.00 | -0.10 |
| 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 | 71.19 | 17.08 | 16.64 | 0.64 | 17.45 | 15.64 | 5.85 | 7.42 | 2.77 |
| 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 | 71.19 | 17.08 | 16.64 | 0.64 | 17.45 | 15.64 | 5.85 | 7.42 | 2.77 |
| Proceedsfrom Stock Options | 65.54 | 11.44 | 15.61 | 0.00 | 15.08 | 13.75 | 5.62 | 7.42 | 2.77 |
| Issuance or Reduction of Debt, Net | 0.00 | 0.00 | 0.00 | 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 | 0.00 | 0.00 | 0.00 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 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 | 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 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | 71.15 | 17.01 | 16.57 | 0.57 | 17.39 | 15.64 | 5.85 | 7.42 | 2.77 |
| Exchange Rate Effect | -1.42 | 0.31 | -0.22 | -0.09 | 0.53 | 0.03 | -0.03 | -0.09 | 0.04 |
| Net Change in Cash | 51.34 | 3.44 | 4.09 | -8.00 | 4.24 | 9.04 | 1.11 | 1.23 | 1.91 |
| Free Cash Flow | -18.43 | -13.96 | -12.29 | -8.37 | -13.68 | -6.60 | -4.70 | -6.10 | -0.80 |
| 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 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 61.17 | 11.87 | 16.11 | 8.19 | 11.53 | 10.11 |
| Short Term Receivables | 0.14 | 0.07 | 0.06 | 0.25 | 0.07 | 0.23 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 1.96 | 2.66 | 0.47 | 0.66 | 0.48 | 0.35 |
| Total Current Assets | 63.30 | 14.60 | 16.63 | 9.09 | 12.08 | 10.69 |
| Net Property, Plant & Equipment | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 0.27 | 0.28 | 0.30 | 0.30 | 0.32 | 0.31 |
| Other Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Assets | 63.57 | 14.88 | 16.93 | 9.40 | 12.40 | 11.00 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.00 | 0.00 | 0.01 | 0.02 | 0.04 | 0.06 |
| Accounts Payable | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Liabilities | 30.56 | 10.91 | 14.39 | 11.49 | 13.03 | 9.98 |
| Total Current Liabilities | 30.56 | 10.91 | 14.40 | 11.51 | 13.08 | 10.04 |
| Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 30.56 | 10.91 | 14.40 | 11.51 | 13.08 | 10.04 |
| 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 | 33.02 | 3.97 | 2.54 | -2.11 | -0.67 | 0.97 |
| Total Shareholders Equity | 33.02 | 3.97 | 2.54 | -2.11 | -0.67 | 0.97 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 33.02 | 3.97 | 2.54 | -2.11 | -0.67 | 0.97 |
| Total Liabilities & Stockholders Equity | 63.57 | 14.88 | 16.93 | 9.40 | 12.40 | 11.00 |
| Book Value Per Share | 0.31 | 0.05 | 0.03 | -0.03 | -0.01 | 0.01 |
| Tangible Book Value Per Share | 0.31 | 0.05 | 0.03 | -0.03 | -0.01 | 0.01 |
| Price to Book Ratio | 4.29 | 118.37 | -194.44 | -255.41 | 184.81 | 20.66 |
| Return on Assets | -41.42 | -232.67 | -207.62 | -142.18 | -117.82 | -107.03 |
| Return on Equity | -97.30 | -1,220.04 | -1,462.20 | -790.66 | -456.91 | -248.16 |
| Return on Invested Capital | 23.64 | -30.76 | -760.82 | - | - | -285.02 |
| Quick Ratio | 2.07 | 1.34 | 1.16 | 0.79 | 0.92 | 1.06 |
| Current Ratio | 2.07 | 1.34 | 1.16 | 0.79 | 0.92 | 1.06 |
Cash flow, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Net Income | 7.63 | -1.22 | -19.14 | -3.07 | -6.67 | -2.75 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Other Funds (Non Cash) | -11.15 | -3.42 | 14.81 | -0.62 | 3.33 | -0.38 |
| Funds from Operations | -3.51 | -4.64 | -4.32 | -3.68 | -3.33 | -3.12 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -0.58 | -1.34 | -0.15 | -0.21 | 0.58 | 0.25 |
| Cash from Operating Activities | -4.09 | -5.98 | -4.47 | -3.89 | -2.75 | -2.87 |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.00 | 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 | -0.00 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | -0.00 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 |
| 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 | -0.00 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 |
| 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 | 56.43 | 2.03 | 11.96 | 0.77 | 3.48 | 0.91 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 56.43 | 2.03 | 11.96 | 0.77 | 3.48 | 0.91 |
| Proceedsfrom Stock Options | 55.68 | -0.04 | 9.95 | -0.05 | 0.74 | 0.82 |
| 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 | 56.43 | 2.03 | 11.94 | 0.75 | 3.46 | 0.89 |
| Exchange Rate Effect | -1.58 | -0.07 | 0.24 | -0.01 | 0.07 | 0.02 |
| Net Change in Cash | 50.77 | -4.02 | 7.73 | -3.14 | 0.80 | -1.95 |
| Free Cash Flow | -4.09 | -5.98 | -4.47 | -3.89 | -2.75 | -2.87 |
Revenue breakdown
| Revenue split | - |
|---|
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 5.41% | 4.9M | 89.8M | 505.78K |
| 2026-10-15 | 5.66% | 5.1M | 89.8M | 530.06K |
| 2026-09-30 | 6.51% | 5.8M | 89.6M | 588.55K |
| 2026-09-15 | 6.13% | 5.5M | 89.6M | 653.86K |
| 2026-08-31 | 6.07% | 5.4M | 89.7M | 712.36K |
| 2026-08-14 | 6.34% | 5.3M | 84.2M | 975.86K |
| 2026-07-31 | 8.45% | 5.4M | 64.4M | 936.97K |
| 2026-07-15 | 7.00% | 4.5M | 64.5M | 874.64K |
| 2026-06-30 | 6.33% | 4.1M | 64.0M | 777.21K |
| 2026-06-15 | 5.39% | 3.5M | 64.0M | 641.32K |
| 2026-05-29 | 4.89% | 3.1M | 63.1M | 515.13K |
| 2026-05-15 | 2.45% | 1.6M | 63.9M | 168.24K |
| 2026-04-30 | 2.31% | 1.5M | 63.6M | 163.00K |
| 2026-04-15 | 2.04% | 1.3M | 62.5M | 162.03K |
| 2026-03-31 | 2.28% | 1.4M | 62.5M | 142.02K |
| 2026-03-13 | 2.16% | 1.4M | 62.5M | 139.09K |
| 2026-02-27 | 2.10% | 1.3M | 62.5M | 154.16K |
| 2026-02-13 | 2.11% | 1.3M | 62.5M | 162.00K |
| 2026-01-30 | 2.04% | 1.3M | 62.2M | 153.19K |
| 2026-01-15 | 1.96% | 1.2M | 62.2M | 143.00K |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 2.50 | 0.00 | 0.05 | 0.09 | 3.228 | 2,738 | 0.00 | 0.169 | -0.010 | 0.001 |
| call | 5.00 | 0.00 | 0.05 | 0.07 | 5.126 | 605 | 0.00 | 0.124 | -0.012 | 0.000 |
| call | 7.50 | 0.00 | 0.10 | 0.50 | 6.127 | 3.00 | 0.00 | 0.111 | -0.013 | 0.000 |
| put | 2.50 | 0.55 | 1.60 | 0.70 | 8.356 | 67.00 | 0.00 | -0.831 | -0.009 | 0.001 |
| put | 5.00 | 1.60 | 6.00 | 3.20 | 0.000 | 0.00 | 0.00 | -0.877 | -0.012 | 0.000 |
| put | 7.50 | 3.60 | 8.50 | 0.00 | 0.000 | 0.00 | 0.00 | -0.890 | -0.013 | 0.000 |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-10-16 | 6-K/A | 2026-08-13 | SEC | |
| 2026-10-16 | 40-F/A | 2025-12-31 | SEC | |
| 2026-09-25 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-09-25 | SEC |
| 2026-09-24 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-09-24 | SEC |
| 2026-08-13 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-08-13 | SEC |
| 2026-07-02 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-07-02 | SEC |
| 2026-07-02 | SUPPL | Voluntary supplemental material filed pursuant to Section 11(a) of the Securities Act of 1933 by foreign issuers | SEC | |
| 2026-06-01 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-06-01 | SEC |
| 2026-05-26 | EFFECT | Effectiveness filing by commission order | SEC | |
| 2026-05-26 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-05-26 | SEC |
| 2026-05-26 | SUPPL | Voluntary supplemental material filed pursuant to Section 11(a) of the Securities Act of 1933 by foreign issuers | SEC | |
| 2026-05-26 | F-X | For appointment of agent for service of process by issuers registering securities (if filed on Form F-8, F-9, F-10 or F-80, or registering securities or filing periodic reports on Form 40-F, or by any person filing certain tender offer documents, or by an | SEC | |
| 2026-05-26 | F-10 | Registration statement for securities of certain Canadian issuers under the Securities Act of 1933 | SEC | |
| 2026-05-22 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-05-22 | SEC |
| 2026-05-22 | SUPPL | Voluntary supplemental material filed pursuant to Section 11(a) of the Securities Act of 1933 by foreign issuers | SEC | |
| 2026-05-21 | SUPPL | Voluntary supplemental material filed pursuant to Section 11(a) of the Securities Act of 1933 by foreign issuers | SEC | |
| 2026-05-18 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-05-18 | SEC |
| 2026-05-15 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-05-15 | SEC |
| 2026-05-07 | S-8 | Initial registration statement for securities to be offered to employees pursuant to employee benefit plans | SEC | |
| 2026-04-27 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-04-27 | SEC |
| 2026-03-31 | 40-F | Registration Statement Pursuant to Section 12 of the Securities Exchange Act of 1934 or Annual Report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 | 2025-12-31 | SEC |
| 2026-03-13 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-03-13 | SEC |
| 2026-02-13 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-02-13 | SEC |
| 2026-02-10 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-02-10 | SEC |
| 2026-01-23 | S-8 | Initial registration statement for securities to be offered to employees pursuant to employee benefit plans | SEC | |
| 2026-01-08 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-01-08 | SEC |
| 2026-01-07 | EFFECT | Effectiveness filing by commission order | SEC | |
| 2026-01-07 | CERT | SEC | ||
| 2026-01-07 | 8-A12B | SEC | ||
| 2026-01-07 | F-10/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 |
|---|---|
| Empery Asset Management, LP | 4.87% |
| Rock Springs Capital Management LP | 1.47% |
| DAFNA Capital Management LLC | 1.28% |
| Ghisallo Capital Management LLC | 1.22% |
| ARMISTICE CAPITAL, LLC | 0.82% |
| VALLEY FORGE INVESTMENT CONSULTANTS INC ADV | 0.78% |
| LMR Partners LLP | 0.73% |
| MARSHALL WACE, LLP | 0.53% |
| Stonepine Capital Management, LLC | 0.33% |
| JANE STREET GROUP, LLC | 0.33% |
Funds
| Fund | % owned |
|---|---|
| Fidelity Nasdaq Composite Index Fund | 0.06% |
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