Oculis Holding AG
OCSHealthcare·Biotechnology·Switzerland·Small·NASD·Nov 10 • 3:59 PM ET
7.590.00 (0.00%)
2026-11-11 14:54 CET
Market cap
468.55 USD m
Revenue, TTM
0.00 USD m
Net income, TTM
-101.30 USD m
Free cash flow, TTM
-87.18 USD m
EPS diluted, TTM
-1.72
P/E
-
Price
OCS against its 20, 50 and 200-day averages2050200beatmiss
78.0% under 34.48 on 11 May 2026. Last 15 sessions, 30.4% high to low
Profile
OCS52-week range, 3% of the way up
6.7834.47
Oculis Holding AG is a global biopharmaceutical company, which engages in sight and improving eye care. The firm's pipeline includes multiple product candidates in development such as, OCS-01, a topical retinal candidate for diabetic macular edema, OCS-02, a topical biologic candidate for dry eye disease, and OCS-05, a disease modifying candidate for acute optic neuritis and other neuro-ophtha disorders such as glaucoma, diabetic retinopathy, geographic atrophy, and neurotrophic keratitis. The company was founded in 2016 and is headquartered in Zug, Switzerland.
| Employees | 60 |
|---|---|
| IPO | May 18, 2021 |
| Beta | 0.30 |
| ATR, 14d | 0.60 |
| Rel volume | 0.00 |
| Short float | 3.37% |
| Insider own | 23.77% |
| Inst own | 25.78% |
Snapshot
6 groupsValuation
| Index | - |
|---|---|
| Market Cap | 468.55M |
| Enterprise Value | 220.03M |
| Income | -101.30M |
| Sales | 0.00M |
| Book/sh | 4.04 |
| Cash/sh | 4.08 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 60 |
| IPO | May 18, 2021 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | - |
| P/B | 1.88 |
| P/C | 1.86 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | - |
| Quick Ratio | 10.41 |
| Current Ratio | 10.41 |
| Debt/Eq | 0.01 |
| LT Debt/Eq | 0.01 |
| Option/Short | Yes / Yes |
Earnings
| EPS (ttm) | -1.72 |
|---|---|
| EPS next Y | -1.89 |
| EPS next Q | -0.51 |
| EPS this Y | 24.40% |
| EPS next Y | -8.99% |
| EPS next 5Y | 5.51% |
| EPS past 3/5Y | -26.82% - |
| Sales past 3/5Y | - - |
| EPS Y/Y TTM | 31.72% |
| Sales Y/Y TTM | - |
| EPS Q/Q | 9.72% |
| Sales Q/Q | - |
| Earnings | Nov 03 AMC |
| EPS/Sales Surpr. | 23.35% -97.88% |
Ownership
| Insider Own | 23.77% |
|---|---|
| Insider Trans | 0.00% |
| Inst Own | 25.78% |
| Inst Trans | 8.93% |
| ROA | -41.42% |
| ROE | -48.92% |
| ROIC | -40.14% |
| Gross Margin | - |
| Oper. Margin | - |
| Profit Margin | - |
| SMA20 | -0.84% |
| SMA50 | -15.79% |
| SMA200 | -58.23% |
| Trades | - |
Technical
| Shs Outstand | 61.92M |
|---|---|
| Shs Float | 47.06M |
| Short Float | 3.37% |
| Short Ratio | 5.98 |
| Short Interest | 1.58M |
| 52W High | 34.47 -77.98% |
| 52W Low | 6.78 11.95% |
| Volatility | 11.61% 7.76% |
| ATR (14) | 0.60 |
| RSI (14) | 42.93 |
| Beta | 0.30 |
| Rel Volume | 0.00 |
| Avg Volume | 264.63K |
| Volume | 0 |
Performance
| Perf Week | -0.52% |
|---|---|
| Perf Month | -3.68% |
| Perf Quarter | -41.12% |
| Perf Half Y | -75.04% |
| Perf YTD | -61.99% |
| Perf Year | -60.92% |
| Perf 3Y | -22.55% |
| Perf 5Y | -21.99% |
| Perf 10Y | - |
| Recom | 1.27 |
| Target Price | 36.66 |
| Prev Close | 7.59 |
| Price | 7.59 |
| Change % | 0.00% |
Analyst ratings
latest 10 of 10| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| May 21, 2026 | Initiated | GGuggenheim | Buy | $75 | +888.1% |
| Dec 19, 2025 | Initiated | JJP Morgan | Overweight | $38 | +400.7% |
| Aug 27, 2025 | Initiated | NNeedham | Buy | $36 | +374.3% |
| Dec 05, 2023 | Initiated | CChardan Capital Markets | Buy | $30 | +295.3% |
| Oct 05, 2023 | Initiated | SStifel | Buy | $35 | +361.1% |
| Jun 14, 2023 | Initiated | BBofA Securities | Buy | $22 | +189.9% |
| Jun 12, 2023 | Initiated | HH.C. Wainwright | Buy | $28 | +268.9% |
| Jun 08, 2023 | Initiated | RRobert W. Baird | Outperform | $58 | +664.2% |
| May 10, 2023 | Initiated | PPareto | Buy | $23 | +203.0% |
| Apr 28, 2023 | Initiated | WWedbush | Outperform | $27 | +255.7% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| EYPT | EyePoint Inc | 34.31M |
| OCUL | Ocular Therapeutix Inc | 1.46B |
| KOD | Kodiak Sciences Inc | 6.79B |
| TARS | Tarsus Pharmaceuticals Inc | 3.64B |
| ALDX | Aldeyra Therapeutics Inc | 38.62M |
| LENZ | LENZ Therapeutics Inc | 127.25M |
| REGN | Regeneron Pharmaceuticals Inc | 92.98B |
| HROW | Harrow Inc | 1.15B |
| BLCO | Bausch + Lomb Corp | 7.67B |
| GKOS | Glaukos Corp | 14.08B |
Insider trading
1 filings| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| Sherif Riad | Officer | Mar 09 '26 | Proposed Sale | 26.40 | 25,000 | 660,000 | Mar 09 04:08 PM |
Held by
AUMNews
latest 14 of 206- Oculis to Host In-Person and Virtual R&D Day: Advancing a Differentiated Late-Stage Development Pipeline (GlobeNewswire)
- Oculis Reports Q3 2026 Financial Results and Builds Momentum Toward Multiple Upcoming Pipeline Catalysts (GlobeNewswire)
- Oculis Appoints Experienced Life Sciences Leader Bjorn Tackenberg, M.D., Ph.D., as Chief Scientific Officer to Advance Neurology Innovation (GlobeNewswire) -6.66%
- Oculis to Feature Privosegtor's Neuroprotective Potential and Ongoing PIONEER Program at APOIS Congress and CNS Summit (GlobeNewswire)
- Oculis Reports New Phase 2 ACUITY Biomarker Data Further Supporting Privosegtor's Neuroprotective Potential in Optic Neuritis (GlobeNewswire)
- Loading…
- Oculis to Present Late-Breaking Phase 2 ACUITY Biomarker Analyses of Privosegtor in Optic Neuritis at the 10th Joint ACTRIMS-ECTRIMS Meeting (GlobeNewswire)
- Oculis lýkur slembiroðun i PREDICT-1 skraningarrannsokninni a Licaminlimab við TNFR1-miðluðum augnþurrki (GlobeNewswire)
- Oculis Completes Randomization in PREDICT-1 Registrational Trial of Licaminlimab for TNFR1-Mediated Dry Eye Disease (GlobeNewswire)
- Oculis Publishes Notifications of Transactions by Persons Discharging Managerial Responsibilities (GlobeNewswire)
- Oculis to Highlight Licaminlimab at Eyecelerator @ AAO 2026 and Partner with Neuro-Ophthalmology Subspecialty Day (GlobeNewswire)
- Oculis Joins the National Multiple Sclerosis Society's Campaign to End MS (GlobeNewswire) -6.21%
- Oculis Announces Resignation of Lionel Carnot from Board of Directors (GlobeNewswire)
- Oculis Publishes Notifications of Transactions by Persons Discharging Managerial Responsibilities (GlobeNewswire)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q3 | 2026-11-03 | -0.366 | -0.478 | -0.366 | 0.01 | 0.26 | 10 |
| 2026Q2 | 2026-08-06 | -0.197 | -0.479 | -0.206 | 0.37 | 0.22 | 10 |
| 2026Q1 | 2026-05-11 | -0.630 | -0.512 | -0.625 | 0.22 | 0.26 | 9 |
| 2025Q4 | 2026-03-03 | -0.537 | -0.497 | -0.526 | 0.53 | 0.15 | 9 |
| 2025Q3 | 2025-11-10 | -0.397 | -0.512 | -0.402 | 0.30 | 0.20 | 8 |
| 2025Q2 | 2025-08-21 | -0.606 | -0.508 | -0.587 | 0.34 | 0.25 | 1 |
| 2025Q1 | 2025-05-08 | -0.830 | -0.524 | -0.766 | 0.34 | 0.21 | 7 |
| 2024Q4 | 2025-03-11 | -0.758 | -0.524 | -0.764 | 0.00 | 0.23 | 7 |
| 2024Q3 | 2024-11-07 | -0.548 | -0.553 | -0.557 | 0.24 | 0.28 | 6 |
| 2024Q2 | 2024-08-27 | -0.602 | -0.488 | -0.568 | 0.29 | 0.29 | 5 |
| 2024Q1 | 2024-05-08 | -0.485 | -0.413 | -0.503 | 0.24 | 0.29 | 6 |
| 2023Q4 | 2024-03-18 | -0.385 | -0.464 | -0.384 | 0.21 | 0.27 | 7 |
| 2023Q3 | 2023-11-15 | -0.536 | -0.363 | -0.542 | 0.21 | 0.12 | 7 |
| 2023Q2 | 2023-08-29 | -0.430 | -0.296 | -0.427 | 0.20 | 0.20 | 4 |
| 2023Q1 | 2023-08-17 | -0.320 | - | -0.288 | 0.20 | - | 2 |
| 2022Q4 | 2023-04-27 | 0.000 | - | - | 0.00 | - | - |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2022FY | -13.775 | - | -1.118 | 0.96 | - |
| 2023FY | -1.856 | -3.431 | -3.305 | 1.00 | 1.00 |
| 2024FY | -2.400 | -2.078 | -2.411 | 0.78 | 1.01 |
| 2025FY | -2.417 | -2.316 | -2.266 | 1.53 | 1.04 |
| 2026FY | - | -1.732 | - | - | 0.96 |
| 2027FY | - | -1.888 | - | - | 4.10 |
| 2028FY | - | -1.933 | - | - | 20.92 |
| 2029FY | - | -1.892 | - | - | 117.18 |
| 2030FY | - | -0.183 | - | - | 351.33 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q4 | S | 2026-11-04 | 8 | 3 | 2 | 0.30 | 0.00 | 0.61 |
| 2026Q4 | S | 2026-11-03 | 8 | 2 | 0 | 0.26 | 0.00 | 0.45 |
| 2026Q4 | S | 2026-11-02 | 8 | 2 | 0 | 0.26 | 0.00 | 0.45 |
| 2026Q4 | S | 2026-10-30 | 8 | 1 | 1 | 0.21 | 0.00 | 0.45 |
| 2026Q4 | S | 2026-10-27 | 7 | 1 | 0 | 0.24 | 0.00 | 0.45 |
| 2026Q4 | S | 2026-10-21 | 7 | 2 | 0 | 0.24 | 0.00 | 0.45 |
| 2026Q4 | S | 2026-10-07 | 7 | 2 | 2 | 0.24 | 0.00 | 0.44 |
| 2026Q4 | S | 2026-09-25 | 8 | 2 | 2 | 0.25 | 0.00 | 0.45 |
| 2026Q4 | S | 2026-08-15 | 8 | 2 | 2 | 0.26 | 0.00 | 0.45 |
| 2026Q4 | S | 2026-08-13 | 8 | 3 | 2 | 0.26 | 0.00 | 0.46 |
| 2026Q4 | S | 2026-08-12 | 8 | 2 | 3 | 0.20 | 0.00 | 0.37 |
| 2026Q4 | S | 2026-08-07 | 8 | 2 | 2 | 0.36 | 0.00 | 1.23 |
| 2026Q4 | S | 2026-07-30 | 8 | 1 | 1 | 0.39 | 0.00 | 1.23 |
| 2026Q4 | S | 2026-07-29 | 9 | 1 | 1 | 0.38 | 0.00 | 1.22 |
Estimate history
| EPS, annual | 0.108 | -1.118 | -3.305 | -2.411 | -2.281 | -1.7196 | |||
|---|---|---|---|---|---|---|---|---|---|
| Period | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | |||
| EPS, quarterly | -0.557 | -0.764 | -0.766 | -0.587 | -0.402 | -0.526 | -0.625 | -0.206 | -0.363 |
| 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 | 16.399 | 36.233 | 36.65 | 43.662 | 57.984 | 61.92 | |||
| Period | 2021 | 2022 | 2023 | 2024 | 2025 | MRQ | |||
| Shares, quarterly | 41.945 | 43.662 | 52.061 | 54.534 | 52.375 | 57.984 | 60.388 | 61.732 | 61.92 |
| 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 | 0.76 | 0.66 | 0.46 | 0.32 | 0.31 | 0.00 |
| Gross Profit | -0.76 | -0.66 | -0.46 | -0.32 | -0.31 | 0.00 |
| Selling, General and Administrative Excl. Other | 112.89 | 99.13 | 83.44 | 51.69 | 34.54 | 1.10 |
| Research and Development | 71.99 | 68.33 | 58.83 | 32.30 | 23.03 | - |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -113.64 | -99.79 | -83.90 | -52.00 | -34.85 | -1.10 |
| Interest Expense | 1.37 | 1.00 | 0.73 | 1.46 | 6.75 | 0.00 |
| Unusual Expense | -4.96 | 14.80 | 17.64 | 42.61 | 0.00 | -2.58 |
| Net Income Before Taxes | -101.70 | -119.38 | -97.58 | -98.70 | -40.46 | 1.48 |
| Income Taxes | -0.40 | -0.22 | -0.18 | 0.12 | 0.06 | 0.00 |
| Consolidated Net Income | -101.30 | -119.16 | -97.40 | -98.82 | -40.52 | 1.48 |
| Net Income From Continuing Operations | -101.30 | -119.16 | -97.40 | -98.82 | -40.52 | 1.48 |
| Net Income | -101.30 | -119.16 | -97.40 | -98.82 | -40.52 | 1.48 |
| EPS (Recurring) | -1.69 | -2.08 | -2.10 | -2.31 | -1.12 | -0.02 |
| EPS (Basic, Before Extraordinaries) | -1.72 | -2.28 | -2.41 | -3.31 | -1.12 | 0.11 |
| EPS (Diluted) | -1.72 | -2.28 | -2.41 | -3.31 | -1.12 | 0.11 |
| EBITDA | -112.89 | -99.13 | -83.44 | -51.69 | -34.54 | -1.10 |
| Non-Operating Income (Expense) | 8.36 | -3.79 | 4.68 | -2.62 | 1.14 | 0.00 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | - | 15.46 | 8.77 | 3.01 | 0.67 | - |
| Price To Earnings Ratio | - | - | - | 123.81 | 123.81 | - |
| Shares Outstanding | 61.92 | 57.98 | 43.66 | 36.65 | 36.23 | 16.40 |
| Market Capitalization | 468.55 | 468.55 | 692.67 | 408.63 | 408.63 | - |
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 | 0.33 | 0.23 | 0.20 | 0.00 | 0.19 | 0.14 | 0.14 | 0.14 |
| Gross Profit | -0.33 | -0.23 | -0.20 | 0.00 | -0.19 | -0.14 | -0.14 | -0.14 |
| Selling, General and Administrative Excl. Other | 28.78 | 29.99 | 27.80 | 26.33 | 25.48 | 25.30 | 22.40 | 19.54 |
| Research and Development | 18.35 | 19.20 | 17.81 | 16.63 | 17.57 | 17.93 | 16.35 | 13.32 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -29.11 | -30.21 | -27.99 | -26.33 | -25.67 | -25.43 | -22.54 | -19.68 |
| Interest Expense | 0.46 | 0.39 | 0.22 | 0.30 | 0.20 | 0.22 | 0.27 | 0.28 |
| Unusual Expense | -3.89 | -15.31 | 10.19 | 4.05 | -3.86 | 0.28 | 13.25 | 15.26 |
| Net Income Before Taxes | -22.50 | -12.61 | -36.94 | -29.65 | -21.05 | -30.72 | -36.94 | -32.93 |
| Income Taxes | -0.05 | 0.01 | -0.13 | -0.23 | 0.02 | -0.03 | 0.01 | -0.27 |
| Consolidated Net Income | -22.45 | -12.61 | -36.82 | -29.42 | -21.06 | -30.69 | -36.95 | -32.66 |
| Net Income From Continuing Operations | -22.45 | -12.61 | -36.82 | -29.42 | -21.06 | -30.69 | -36.95 | -32.66 |
| Net Income | -22.45 | -12.61 | -36.82 | -29.42 | -21.06 | -30.69 | -36.95 | -32.66 |
| EPS (Recurring) | -0.41 | -0.38 | -0.50 | -0.47 | -0.45 | -0.58 | -0.57 | -0.51 |
| EPS (Basic, Before Extraordinaries) | -0.36 | -0.21 | -0.62 | -0.53 | -0.40 | -0.59 | -0.77 | -0.76 |
| EPS (Diluted) | -0.36 | -0.21 | -0.62 | -0.53 | -0.40 | -0.59 | -0.77 | -0.76 |
| EBITDA | -28.78 | -29.99 | -27.80 | -26.33 | -25.48 | -25.30 | -22.40 | -19.54 |
| Non-Operating Income (Expense) | 3.18 | 2.69 | 1.46 | 1.03 | 0.96 | -4.78 | -0.88 | 2.28 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 11.03 | 6.24 | 4.74 | - | 4.23 | 7.90 | 2.17 | 2.11 |
| Shares Outstanding | 61.92 | 61.73 | 60.39 | 57.98 | 52.37 | 54.53 | 52.06 | 43.66 |
| Market Capitalization | 468.55 | 792.94 | 1,520.14 | 1,141.67 | 958.70 | 1,058.50 | 913.44 | 692.67 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY |
|---|---|---|---|---|---|
| Cash & Short Term Investments | 268.87 | 108.87 | 108.89 | 21.39 | 0.87 |
| Short Term Receivables | 2.26 | 1.67 | 1.43 | 1.17 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 5.15 | 5.21 | 9.70 | 3.02 | 0.05 |
| Total Current Assets | 276.29 | 115.75 | 120.02 | 25.57 | 0.92 |
| Net Property, Plant & Equipment | 3.78 | 1.86 | 1.24 | 1.21 | 0.00 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.05 | 127.56 |
| Intangible Assets | 16.78 | 14.67 | 14.50 | 13.19 | 0.00 |
| Deferred Tax Assets | - | - | - | 0.03 | - |
| Other Assets | 0.99 | 0.53 | 0.11 | 0.00 | 0.00 |
| Total Assets | 297.84 | 132.80 | 135.87 | 40.06 | 128.47 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.63 | 0.35 | 0.21 | 0.15 | 0.00 |
| Accounts Payable | 2.27 | 6.48 | 9.03 | 4.18 | 0.06 |
| Other Current Liabilities | 43.48 | 41.99 | 13.45 | 8.66 | 0.45 |
| Total Current Liabilities | 46.38 | 48.81 | 22.68 | 12.99 | 0.51 |
| Long Term Debt | 2.29 | 0.95 | 0.51 | 132.88 | 0.00 |
| Provision for Risks Charges | 1.69 | 2.06 | 0.86 | 0.10 | 0.00 |
| Other Liabilities | 0.00 | 0.00 | 0.45 | 0.00 | 7.11 |
| Total Liabilities | 50.35 | 51.83 | 24.51 | 145.97 | 7.61 |
| 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 | 247.49 | 80.97 | 111.36 | -105.91 | 120.86 |
| Total Shareholders Equity | 247.49 | 80.97 | 111.36 | -105.91 | 120.86 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 247.49 | 80.97 | 111.36 | -105.91 | 120.86 |
| Total Liabilities & Stockholders Equity | 297.84 | 132.80 | 135.87 | 40.06 | 128.47 |
| Book Value Per Share | 4.27 | 1.85 | 3.04 | -2.92 | 7.37 |
| Tangible Book Value Per Share | 3.98 | 1.52 | 2.64 | -3.29 | 7.37 |
| Full-Time Employees | 60 | 49 | 36 | 28 | 2 |
| Price to Book Ratio | 1.88 | 6.32 | -0.46 | -0.46 | - |
| Return on Assets | -55.34 | -72.51 | -112.34 | -48.09 | - |
| Return on Equity | -72.55 | -101.28 | -3,627.05 | -542.13 | - |
| Return on Invested Capital | -47.71 | -118.88 | -88.33 | -150.26 | 1.22 |
| Quick Ratio | 5.96 | 2.37 | 5.29 | 1.97 | 1.81 |
| Current Ratio | 5.96 | 2.37 | 5.29 | 1.97 | 1.81 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY |
|---|---|---|---|---|---|---|
| Net Income | -100.51 | -119.38 | -97.58 | -98.70 | -40.46 | 1.48 |
| Depreciation | 0.95 | 0.66 | 0.46 | 0.32 | 0.31 | - |
| Other Funds (Non Cash) | 18.38 | 40.36 | 27.11 | 52.92 | 7.61 | -2.55 |
| Funds from Operations | -81.19 | -78.36 | -70.02 | -45.46 | -32.53 | -1.07 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -5.92 | -0.09 | 16.08 | -14.46 | 6.28 | 0.39 |
| Cash from Operating Activities | -87.11 | -78.45 | -53.94 | -59.92 | -26.25 | -0.69 |
| Capital Expenditures | -0.07 | -1.67 | -0.26 | -0.05 | -3.71 | 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 | -55.96 | -73.19 | -19.67 | -60.27 | 0.00 | 0.00 |
| Purchase of Investments | -55.96 | -73.19 | -19.67 | -60.27 | 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 | -56.03 | -74.87 | -19.94 | -60.32 | -3.71 | 0.00 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 164.46 | 225.62 | 61.66 | 144.47 | 0.06 | 0.00 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 164.46 | 225.62 | 61.66 | 144.47 | 0.06 | 0.00 |
| Proceedsfrom Stock Options | 159.45 | 199.45 | 57.51 | 142.46 | 0.06 | 0.00 |
| Issuance or Reduction of Debt, Net | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Long Term Debt | - | 0.00 | 0.00 | 0.00 | - | 0.00 |
| Issuance of Long Term Debt | - | 0.00 | 0.00 | 0.00 | - | 0.00 |
| Reduction of Long Term Debt | - | - | 0.00 | 0.00 | - | 0.00 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 1.90 | 129.10 |
| Other Financing Activities Uses | 0.00 | 0.00 | 0.00 | 0.00 | -0.22 | -2.99 |
| Cash from Financing Activities | 163.77 | 225.18 | 61.35 | 144.30 | 1.79 | 129.10 |
| Exchange Rate Effect | 3.93 | -7.30 | 0.46 | -3.42 | 0.44 | - |
| Net Change in Cash | 24.56 | 64.57 | -12.06 | 20.63 | -27.74 | 128.42 |
| Free Cash Flow | -87.18 | -78.81 | -54.20 | -59.97 | -26.32 | -0.69 |
| Preferred Dividends (Cash Flow) | - | 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 |
Balance sheet, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 251.86 | 283.05 | 276.32 | 268.87 | 182.47 | 201.38 |
| Short Term Receivables | 2.30 | 2.29 | 1.96 | 2.26 | 2.91 | 1.48 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 3.13 | 3.59 | 4.26 | 5.15 | 4.29 | 5.93 |
| Total Current Assets | 257.29 | 288.93 | 282.54 | 276.29 | 189.67 | 208.79 |
| Net Property, Plant & Equipment | 3.86 | 3.88 | 3.57 | 3.78 | 3.90 | 2.01 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 15.92 | 16.48 | 16.54 | 16.78 | 16.71 | 16.70 |
| Other Assets | 1.17 | 1.05 | 0.99 | 0.99 | 0.67 | 0.67 |
| Total Assets | 278.24 | 310.34 | 303.64 | 297.84 | 210.94 | 228.17 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.96 | 0.93 | 0.52 | 0.63 | 0.53 | 0.39 |
| Accounts Payable | 1.73 | 3.33 | 5.60 | 2.27 | 1.53 | 1.51 |
| Other Current Liabilities | 22.03 | 30.36 | 48.47 | 43.48 | 40.33 | 44.01 |
| Total Current Liabilities | 24.73 | 34.62 | 54.59 | 46.38 | 42.39 | 45.91 |
| Long Term Debt | 2.37 | 2.22 | 2.28 | 2.29 | 2.57 | 0.90 |
| Provision for Risks Charges | 1.12 | 1.59 | 2.05 | 1.69 | 1.85 | 1.58 |
| Other Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 28.22 | 38.43 | 58.92 | 50.35 | 46.81 | 48.40 |
| 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 | 250.02 | 271.91 | 244.72 | 247.49 | 164.13 | 179.77 |
| Total Shareholders Equity | 250.02 | 271.91 | 244.72 | 247.49 | 164.13 | 179.77 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 250.02 | 271.91 | 244.72 | 247.49 | 164.13 | 179.77 |
| Total Liabilities & Stockholders Equity | 278.24 | 310.34 | 303.64 | 297.84 | 210.94 | 228.17 |
| Book Value Per Share | 4.04 | 4.40 | 4.05 | 4.27 | 3.13 | 3.30 |
| Tangible Book Value Per Share | 3.78 | 4.14 | 3.78 | 3.98 | 2.81 | 2.99 |
| Full-Time Employees | - | - | - | 60 | - | - |
| Price to Book Ratio | 1.88 | 3.42 | 6.23 | 6.37 | 5.33 | 5.50 |
| Return on Assets | -41.42 | -37.11 | -44.16 | -54.86 | -67.45 | -64.62 |
| Return on Equity | -48.92 | -44.24 | -55.07 | -71.92 | -87.61 | -80.96 |
| Return on Invested Capital | -8.90 | -4.60 | -14.91 | -11.78 | -12.63 | -16.99 |
| Quick Ratio | 10.41 | 8.35 | 5.18 | 5.96 | 4.47 | 4.55 |
| Current Ratio | 10.41 | 8.35 | 5.18 | 5.96 | 4.47 | 4.55 |
Cash flow, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Net Income | -21.94 | -12.35 | -36.94 | -29.28 | -23.30 | -33.60 |
| Depreciation | 0.33 | 0.22 | 0.20 | 0.20 | 0.20 | 0.15 |
| Other Funds (Non Cash) | 2.25 | -8.85 | 15.64 | 9.34 | 2.70 | 12.95 |
| Funds from Operations | -19.36 | -20.98 | -21.11 | -19.74 | -20.40 | -20.50 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -3.07 | -4.15 | 1.72 | -0.41 | 2.55 | -1.52 |
| Cash from Operating Activities | -22.43 | -25.13 | -19.39 | -20.15 | -17.85 | -22.02 |
| Capital Expenditures | 0.00 | -0.02 | -0.01 | -0.04 | -0.20 | -0.25 |
| 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 | 28.59 | -10.87 | -32.77 | -40.91 | -4.39 | 26.10 |
| Purchase of Investments | 28.59 | -10.87 | -32.77 | -40.91 | -4.39 | 26.10 |
| 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 | 28.59 | -10.89 | -32.78 | -40.96 | -4.59 | 25.85 |
| 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 | -2.05 | 31.70 | 30.29 | 104.52 | 2.24 | 10.32 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | -2.05 | 31.70 | 30.29 | 104.52 | 2.24 | 10.32 |
| Proceedsfrom Stock Options | -2.75 | 31.13 | 28.05 | 103.01 | 1.43 | 7.04 |
| 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 | - | - | - |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | - | - | - |
| Reduction of Long Term Debt | - | - | 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 | -2.32 | 31.54 | 30.16 | 104.39 | 2.10 | 10.22 |
| Exchange Rate Effect | 2.41 | 0.90 | 0.62 | 0.00 | -0.36 | -5.83 |
| Net Change in Cash | 6.24 | -3.58 | -21.39 | 43.29 | -20.70 | 8.22 |
| Free Cash Flow | -22.43 | -25.15 | -19.40 | -20.20 | -18.01 | -22.17 |
Revenue breakdown
| Revenue split | - |
|---|
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 3.37% | 1.6M | 47.1M | 258.37K |
| 2026-10-15 | 3.80% | 1.8M | 47.1M | 265.21K |
| 2026-09-30 | 3.66% | 1.8M | 48.4M | 264.14K |
| 2026-09-15 | 3.98% | 1.6M | 39.0M | 313.31K |
| 2026-08-31 | 4.19% | 1.5M | 35.6M | 577.83K |
| 2026-08-14 | 4.10% | 1.5M | 35.6M | 661.99K |
| 2026-07-31 | 3.94% | 1.5M | 37.0M | 684.53K |
| 2026-07-15 | 4.06% | 1.5M | 37.0M | 735.34K |
| 2026-06-30 | 3.20% | 1.2M | 37.0M | 694.37K |
| 2026-06-15 | 2.98% | 1.1M | 37.0M | 631.24K |
| 2026-05-29 | 1.76% | 0.7M | 37.0M | 425.83K |
| 2026-05-15 | 1.35% | 0.5M | 37.0M | 370.89K |
| 2026-04-30 | 1.23% | 0.4M | 36.3M | 354.34K |
| 2026-04-15 | 1.14% | 0.4M | 37.5M | 320.34K |
| 2026-03-31 | 1.34% | 0.5M | 35.4M | 330.47K |
| 2026-03-13 | 1.38% | 0.5M | 35.4M | 306.42K |
| 2026-02-27 | 1.76% | 0.6M | 35.4M | 234.11K |
| 2026-02-13 | 1.07% | 0.4M | 35.4M | 204.22K |
| 2026-01-30 | 0.96% | 0.3M | 35.8M | 175.75K |
| 2026-01-15 | 0.96% | 0.3M | 35.8M | 127.03K |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 2.50 | 3.00 | 7.50 | 0.00 | 28.091 | 0.00 | 0.00 | 0.933 | -0.083 | 0.002 |
| call | 5.00 | 0.65 | 4.90 | 9.00 | 9.325 | 1.00 | 0.00 | 0.825 | -0.112 | 0.003 |
| call | 7.50 | 0.00 | 1.50 | 0.40 | 2.967 | 607 | 0.00 | 0.611 | -0.077 | 0.005 |
| call | 10.00 | 0.00 | 1.50 | 0.20 | 4.507 | 428 | 0.00 | 0.499 | -0.114 | 0.005 |
| call | 12.50 | 0.00 | 4.90 | 0.15 | 5.224 | 7.00 | 0.00 | 0.456 | -0.133 | 0.005 |
| call | 15.00 | 0.00 | 1.00 | 0.03 | 3.399 | 270 | 0.00 | 0.202 | -0.059 | 0.004 |
| call | 17.50 | 0.00 | 4.90 | 0.05 | 5.638 | 10.00 | 0.00 | 0.330 | -0.130 | 0.005 |
| call | 20.00 | 0.00 | 0.75 | 1.09 | 4.032 | 15.00 | 0.00 | 0.129 | -0.054 | 0.003 |
| call | 22.50 | 0.00 | 4.90 | 13.40 | 4.354 | 4.00 | 0.00 | 0.123 | -0.056 | 0.003 |
| call | 25.00 | 0.00 | 4.90 | 1.02 | 4.488 | 3.00 | 0.00 | 0.117 | -0.056 | 0.003 |
| call | 30.00 | 0.00 | 4.90 | 0.20 | 4.950 | 7.00 | 0.00 | 0.110 | -0.060 | 0.002 |
| call | 35.00 | 0.00 | 4.90 | 1.18 | 5.327 | 9.00 | 0.00 | 0.105 | -0.062 | 0.002 |
| call | 40.00 | 0.00 | 4.90 | 0.05 | 5.605 | 14.00 | 0.00 | 0.101 | -0.064 | 0.002 |
| call | 45.00 | 0.00 | 4.90 | 0.00 | 5.878 | 0.00 | 0.00 | 0.098 | -0.066 | 0.002 |
| put | 2.50 | 0.00 | 0.90 | 0.00 | 10.112 | 0.00 | 0.00 | -0.067 | -0.083 | 0.002 |
| put | 5.00 | 0.00 | 4.90 | 0.00 | 6.866 | 0.00 | 0.00 | -0.175 | -0.112 | 0.003 |
| put | 7.50 | 0.00 | 1.55 | 0.00 | 3.275 | 0.00 | 0.00 | -0.389 | -0.076 | 0.005 |
| put | 10.00 | 0.10 | 4.90 | 1.55 | 6.549 | 0.00 | 0.00 | -0.501 | -0.113 | 0.005 |
| put | 12.50 | 2.50 | 7.00 | 2.42 | 6.676 | 3.00 | 0.00 | -0.543 | -0.136 | 0.005 |
| put | 15.00 | 5.00 | 9.50 | 4.50 | 7.379 | 28.00 | 0.00 | -0.653 | -0.118 | 0.005 |
| put | 17.50 | 7.50 | 12.00 | 4.80 | 7.932 | 10.00 | 0.00 | -0.670 | -0.128 | 0.005 |
| put | 20.00 | 10.00 | 14.50 | 6.10 | 8.389 | 0.00 | 0.00 | -0.871 | -0.052 | 0.003 |
| put | 22.50 | 12.50 | 17.00 | 7.20 | 8.775 | 6.00 | 0.00 | -0.877 | -0.054 | 0.003 |
| put | 25.00 | 15.00 | 19.50 | 6.00 | 9.111 | 0.00 | 0.00 | -0.882 | -0.055 | 0.002 |
| put | 30.00 | 20.00 | 24.50 | 20.00 | 9.670 | 1.00 | 0.00 | -0.889 | -0.058 | 0.002 |
| put | 35.00 | 25.00 | 29.50 | 21.95 | 10.125 | 0.00 | 0.00 | -0.894 | -0.060 | 0.002 |
| put | 40.00 | 30.00 | 34.50 | 13.90 | 10.508 | 0.00 | 0.00 | -0.898 | -0.061 | 0.002 |
| put | 45.00 | 35.50 | 38.90 | 0.00 | 9.598 | 0.00 | 0.00 | -0.900 | -0.063 | 0.002 |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-03 | 424B5 | SEC | ||
| 2026-11-03 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-09-30 | SEC |
| 2026-09-30 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-09-30 | SEC |
| 2026-08-10 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-08-10 | SEC |
| 2026-08-06 | S-8 | Initial registration statement for securities to be offered to employees pursuant to employee benefit plans | SEC | |
| 2026-08-06 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-06-30 | SEC |
| 2026-06-25 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-06-25 | SEC |
| 2026-06-01 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-05-29 | SEC |
| 2026-05-14 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-05-14 | SEC |
| 2026-05-11 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-03-31 | SEC |
| 2026-04-29 | SCHEDULE 13G/A | SEC | ||
| 2026-04-21 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-04-21 | SEC |
| 2026-03-27 | SCHEDULE 13G/A | SEC | ||
| 2026-03-09 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2026-03-04 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-03-04 | SEC |
| 2026-03-04 | F-3ASR | Automatic shelf registration statement of securities of well-known seasoned issuers | SEC | |
| 2026-03-04 | 20-F | Registration statement under Section 12 of the Securities Exchange Act of 1934 or an annual or transition report filed under Section 13(a) or 15(d) of the Exchange Act for a foreign private issuer. | 2025-12-31 | SEC |
| 2026-03-03 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-03-03 | 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 | |
| 2025-12-01 | 424B3 | SEC | ||
| 2025-11-14 | SCHEDULE 13G/A | SEC | ||
| 2025-11-10 | F-3 | Registration statement for specified transactions by certain foreign private issuers | SEC | |
| 2025-11-10 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2025-11-10 | SEC |
| 2025-10-31 | 424B5 | SEC | ||
| 2025-10-31 | 424B5 | SEC | ||
| 2025-10-31 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2025-10-31 | SEC |
| 2025-10-29 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2025-10-29 | SEC |
| 2025-10-09 | 144 | Filing for proposed sale of securities under Rule 144. | SEC | |
| 2025-10-06 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2025-10-06 | 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 |
|---|---|
| EQT Fund Management S.a r.l. | 12.16% |
| Aberdeen Group plc | 3.70% |
| MILLENNIUM MANAGEMENT LLC | 3.57% |
| Pivotal bioVenture Partners Investment Advisor LLC | 2.63% |
| CITADEL ADVISORS LLC | 1.73% |
| BRAIDWELL LP | 1.46% |
| PERCEPTIVE ADVISORS LLC | 1.41% |
| Saturn V Capital Management LP | 1.20% |
| SR ONE CAPITAL MANAGEMENT, LP | 1.12% |
| Siren, L.L.C. | 1.09% |
Funds
| Fund | % owned |
|---|---|
| abrdn Healthcare Investors | 1.27% |
| abrdn Healthcare Opportunities Fund | 1.20% |
| abrdn World Healthcare Fund | 0.73% |
| abrdn Life Sciences Investors | 0.57% |
| Franklin Biotechnology Discovery Fund | 0.55% |
| Global Macro Absolute Return Advantage Portfolio | 0.19% |
| THE HARTFORD HEALTHCARE FUND | 0.19% |
| VANGUARD INTERNATIONAL EXPLORER FUND | 0.18% |
| ALPS Medical Breakthroughs ETF | 0.12% |
| THE HARTFORD SMALL COMPANY FUND | 0.12% |
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