SAB Biotherapeutics Inc
SABSHealthcare·Biotechnology·USA·Micro·NASD·Nov 11 • 3:59 PM ET
3.11+0.04 (1.30%)
2026-11-11 22:45 CET
Market cap
276.57 USD m
Revenue, TTM
0.00 USD m
Net income, TTM
-66.51 USD m
Free cash flow, TTM
-58.76 USD m
EPS diluted, TTM
-1.69
P/E
-
Price
SABS against its 20, 50 and 200-day averages2050200beatmissearnings
39.6% under the 52-week high of 5.15 on 12 Mar 2026. 52-week low 2.44 on 19 Oct 2026. Last 15 sessions, 23.0% high to low
Volume 1.41× normal · the line is the 50-bar volume average
Profile
SABS52-week range, 25% of the way up
2.445.15
SAB Biotherapeutics, Inc. is a clinical-stage, biopharmaceutical company, which engages in advancing a new class of immunotherapies leveraging fully-human polyclonal antibodies. It produces human polyclonal immunotherapies and its versatile DiversitAb platform is applicable for unmet needs in human diseases. The company was founded by Eddie J. Sullivan and Christine E. Hamilton in July 2014 and is headquartered in Miami Beach, FL.
| Index | RUT |
|---|---|
| Employees | 86 |
| IPO | Feb 09, 2021 |
| Beta | 0.75 |
| ATR, 14d | 0.21 |
| Rel volume | 1.41 |
| Short float | 6.23% |
| Insider own | 10.40% |
| Inst own | 73.76% |
Snapshot
6 groupsValuation
| Index | RUT |
|---|---|
| Market Cap | 280.17M |
| Enterprise Value | 181.04M |
| Income | -66.51M |
| Sales | 0.00M |
| Book/sh | 2.31 |
| Cash/sh | 1.15 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 86 |
| IPO | Feb 09, 2021 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | - |
| P/B | 1.34 |
| P/C | 2.69 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | - |
| Quick Ratio | 7.28 |
| Current Ratio | 7.28 |
| Debt/Eq | 0.02 |
| LT Debt/Eq | 0.02 |
| Option/Short | Yes / Yes |
Earnings
| EPS (ttm) | -1.69 |
|---|---|
| EPS next Y | -0.66 |
| EPS next Q | -0.23 |
| EPS this Y | -39.16% |
| EPS next Y | 40.25% |
| EPS next 5Y | 10.78% |
| EPS past 3/5Y | 43.07% - |
| Sales past 3/5Y | - - |
| EPS Y/Y TTM | 60.70% |
| Sales Y/Y TTM | -100.00% |
| EPS Q/Q | -12.51% |
| Sales Q/Q | - |
| Earnings | Nov 05 BMO |
| EPS/Sales Surpr. | 12.60% - |
Ownership
| Insider Own | 10.40% |
|---|---|
| Insider Trans | 0.00% |
| Inst Own | 73.76% |
| Inst Trans | 0.59% |
| ROA | -31.74% |
| ROE | -35.38% |
| ROIC | -30.89% |
| Gross Margin | - |
| Oper. Margin | - |
| Profit Margin | - |
| SMA20 | 4.03% |
| SMA50 | -1.29% |
| SMA200 | -14.62% |
| Trades | - |
Technical
| Shs Outstand | 91.14M |
|---|---|
| Shs Float | 80.72M |
| Short Float | 6.23% |
| Short Ratio | 9.17 |
| Short Interest | 5.03M |
| 52W High | 5.15 -39.61% |
| 52W Low | 2.44 27.46% |
| Volatility | 7.52% 8.01% |
| ATR (14) | 0.21 |
| RSI (14) | 51.54 |
| Beta | 0.75 |
| Rel Volume | 1.41 |
| Avg Volume | 548.37K |
| Volume | 774,167 |
Performance
| Perf Week | -2.20% |
|---|---|
| Perf Month | 16.04% |
| Perf Quarter | -17.07% |
| Perf Half Y | -21.46% |
| Perf YTD | -16.84% |
| Perf Year | -4.89% |
| Perf 3Y | -67.95% |
| Perf 5Y | -96.68% |
| Perf 10Y | - |
| Recom | 1.08 |
| Target Price | 11.75 |
| Prev Close | 3.07 |
| Price | 3.11 |
| Change % | 1.30% |
Analyst ratings
latest 10 of 10| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Jun 24, 2026 | Initiated | BBarclays | Overweight | $13 | +318.0% |
| May 22, 2026 | Initiated | CCitigroup | Buy | $11 | +253.7% |
| May 20, 2026 | Initiated | JJefferies | Buy | $11 | +253.7% |
| Apr 02, 2026 | Initiated | RRodman & Renshaw | Buy | $13 | +318.0% |
| Dec 19, 2025 | Initiated | GGuggenheim | Buy | $15 | +382.3% |
| Sep 17, 2025 | Initiated | LLeerink Partners | Outperform | $7 | +125.1% |
| May 14, 2025 | Resumed | HH.C. Wainwright | Buy | $10 | +221.5% |
| Oct 09, 2024 | Initiated | CCraig Hallum | Buy | $11 | +253.7% |
| Aug 28, 2024 | Initiated | OOppenheimer | Outperform | $12 | +285.9% |
| Nov 05, 2021 | Initiated | CChardan Capital Markets | Buy | $17 | +446.6% |
Peers
Mkt capHeld by
AUM| Ticker | Company | AUM |
|---|---|---|
| VTI | Vanguard Morningstar Total Stock Market ETF | AUM: 687.42B |
| IWM | iShares Russell 2000 Index Fund | AUM: 77.38B |
| VXF | Vanguard Extended Market Index ETF | AUM: 30.47B |
| IWN | iShares Russell 2000 Value ETF | AUM: 14.10B |
| VTWO | Vanguard Russell 2000 Index ETF | AUM: 16.75B |
| IWC | iShares Micro-Cap ETF | AUM: 1.22B |
| AVSC | Avantis U.S Small Cap Equity ETF | AUM: 3.23B |
| SBIO | ALPS Medical Breakthroughs ETF | AUM: 192.65M |
| SURI | Simplify Propel Opportunities ETF | AUM: 74.30M |
| VTWV | Vanguard Russell 2000 Value Index ETF | AUM: 1.29B |
News
latest 14 of 200- SAB BIO to Participate in Upcoming Investor Conferences (GlobeNewswire)
- SAB Biotherapeutics Beats On A Narrower-Than-Expected Loss As SAFEGUARD De-Risks Execution, But Rising Burn Moves The Focus To 2027 Data (Earnings Whispers) -7.55%
- SAB BIO Reports Q3 2026 Financial Results and Provides Business Highlights (GlobeNewswire)
- SAB Biotherapeutics Heads Into Q3 With Safeguard Enrollment Clock And Tzield Competition In Focus (Earnings Whispers)
- SAB BIO to Host Third Quarter 2026 Financial Results Conference Call and Webcast on November 5, 2026, 08:30 AM ET (GlobeNewswire)
- SAB BIO to Participate in Chardan 10th Annual Healthcare Conference (GlobeNewswire) -7.09%
- SAB BIO Receives FDA Fast Track Designation for SAB-142 in Stage 3 Type 1 Diabetes (GlobeNewswire) -5.30%
- SAB BIO to Present SAB-142 Data at the Inaugural Breakthrough T1D Clinical & Research Congress (GlobeNewswire)
- SAB BIO to Present SAB-142 Data at the 62nd Annual Meeting of the European Association for the Study of Diabetes (GlobeNewswire)
- SAB BIO to Participate in Upcoming Investor Conferences (GlobeNewswire)
- SAB Biotherapeutics Inc (SABS) (Q2 2026) Earnings Call Highlights: Advancing SAB142 with Strong ... (GuruFocus.com)
- SAB BIO Reports Q2 2026 Financial Results and Provides Business Highlights (GlobeNewswire)
- SAB BIO to Host Second Quarter 2026 Financial Results Conference Call and Webcast on August 6, 2026, 08:30 AM ET (GlobeNewswire)
- Breakthrough T1D Awards Grant to Support PRISE-hATG Study of SAB-142 in Stage 3 Type 1 Diabetes (GlobeNewswire)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q3 | 2026-11-05 | -0.240 | -0.275 | -0.240 | 0.00 | 0.00 | 10 |
| 2026Q2 | 2026-08-06 | -0.280 | -0.283 | -0.282 | 0.00 | 0.00 | 11 |
| 2026Q1 | 2026-05-12 | -0.350 | -0.213 | -0.352 | 0.00 | 0.00 | 7 |
| 2025Q4 | 2026-03-09 | -0.244 | -0.214 | -0.813 | 0.00 | 0.00 | 8 |
| 2025Q3 | 2025-11-13 | -0.092 | -0.458 | -0.213 | 0.00 | 0.10 | 6 |
| 2025Q2 | 2025-08-13 | -1.090 | -0.796 | -1.088 | 0.00 | 0.13 | 5 |
| 2025Q1 | 2025-05-08 | -0.560 | -1.073 | -0.559 | 0.00 | 0.13 | 4 |
| 2024Q4 | 2025-03-31 | -1.230 | -1.164 | -1.228 | 0.10 | 0.12 | 5 |
| 2024Q3 | 2024-11-06 | -1.120 | -1.106 | -1.118 | 0.00 | 0.12 | 5 |
| 2024Q2 | 2024-08-08 | -0.790 | -1.147 | -0.793 | 0.29 | 0.00 | 3 |
| 2024Q1 | 2024-05-20 | -0.540 | -0.960 | -0.544 | 0.94 | 0.00 | 2 |
| 2023Q4 | 2024-03-28 | -3.380 | -0.620 | -3.857 | 0.30 | 0.00 | 2 |
| 2023Q3 | 2023-11-14 | -1.000 | -1.167 | -0.974 | 0.63 | 0.01 | 3 |
| 2023Q2 | 2023-08-21 | -1.400 | -1.400 | -1.365 | 0.10 | 0.40 | 3 |
| 2023Q1 | 2023-05-16 | -1.500 | -1.133 | -1.459 | 0.60 | 2.54 | 3 |
| 2022Q4 | 2023-01-05 | -1.800 | -0.975 | -1.563 | 5.90 | 5.90 | 4 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2021FY | -6.300 | -1.925 | -6.271 | 60.88 | 67.89 |
| 2022FY | -4.300 | -3.450 | -4.306 | 23.90 | 27.64 |
| 2023FY | -7.640 | -4.215 | -7.642 | 2.22 | 1.30 |
| 2024FY | -3.680 | -3.680 | -3.682 | 1.32 | 1.32 |
| 2025FY | -0.790 | -0.382 | -0.790 | 0.00 | 0.00 |
| 2026FY | - | -1.099 | - | - | 0.00 |
| 2027FY | - | -0.657 | - | - | 0.05 |
| 2028FY | - | -0.561 | - | - | 8.66 |
| 2029FY | - | -0.363 | - | - | 120.2 |
| 2030FY | - | -0.062 | - | - | 265.62 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q4 | S | 2026-11-05 | 8 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-08-06 | 8 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-05-22 | 8 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-05-19 | 7 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-05-12 | 6 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-03-10 | 6 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2026-01-28 | 6 | 0 | 0 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2025-12-18 | 6 | 0 | 1 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2025-11-21 | 5 | 0 | 1 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2025-11-14 | 4 | 0 | 1 | 0.00 | 0.00 | 0.00 |
| 2026Q4 | S | 2025-11-11 | 3 | 0 | 0 | 0.17 | 0.00 | 0.50 |
| 2026Q4 | S | 2025-11-10 | 3 | 0 | 0 | 0.17 | 0.00 | 0.50 |
| 2026Q4 | S | 2025-11-09 | 3 | 0 | 0 | 0.17 | 0.00 | 0.50 |
| 2026Q4 | S | 2025-11-08 | 3 | 0 | 0 | 0.17 | 0.00 | 0.50 |
Estimate history
| EPS, annual | 7.448 | -6.271 | -4.306 | -7.642 | -3.682 | -0.794 | -1.6868 | ||
|---|---|---|---|---|---|---|---|---|---|
| Period | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | ||
| EPS, quarterly | -1.118 | -1.228 | -0.559 | -1.088 | -0.213 | -0.813 | -0.352 | -0.282 | -0.239 |
| Period | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
| Sales, annual | 0 | 60.876 | 23.904 | 2.239 | 1.322 | 0 | 0 | ||
| Period | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | ||
| Sales, quarterly | 0 | 0.115 | 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 | 2.597 | 4.349 | 5.039 | 9.225 | 9.289 | 47.61 | 91.138 | ||
| Period | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | MRQ | ||
| Shares, quarterly | 9.229 | 9.289 | 9.292 | 9.292 | 47.494 | 47.61 | 75.745 | 83.493 | 91.138 |
| 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 |
|---|---|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 1.32 | 2.24 | 23.90 | 60.88 | 0.00 |
| Cost of Goods Sold Incl. D&A | 3.17 | 3.08 | 4.79 | 3.75 | 3.29 | 1.65 | 0.00 |
| Gross Profit | -3.17 | -3.08 | -3.47 | -1.51 | 20.61 | 59.22 | 0.00 |
| Selling, General and Administrative Excl. Other | 81.87 | 45.87 | 39.44 | 36.57 | 49.53 | 72.62 | 34.13 |
| Research and Development | 58.33 | 34.27 | 30.16 | 16.52 | 36.44 | 57.18 | 27.91 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -85.04 | -48.95 | -42.91 | -38.08 | -28.92 | -13.39 | -34.68 |
| Interest Expense | - | 0.24 | 0.32 | 0.32 | 0.30 | 0.29 | 0.47 |
| Unusual Expense | -1.70 | -62.79 | -58.39 | 4.82 | -10.40 | 3.49 | 0.00 |
| Net Income Before Taxes | -80.52 | 13.27 | -34.11 | -42.19 | -18.72 | -17.14 | 20.12 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 |
| Consolidated Net Income | -66.51 | 4.26 | -34.11 | -42.19 | -18.74 | -17.14 | 20.12 |
| Net Income From Continuing Operations | -66.51 | 4.26 | -34.11 | -42.19 | -18.74 | -17.14 | 20.12 |
| Net Income | -66.51 | 4.26 | -34.11 | -42.19 | -18.74 | -17.14 | 20.12 |
| EPS (Recurring) | -1.11 | -1.51 | -8.09 | -7.03 | -5.98 | -5.38 | 7.45 |
| EPS (Basic, Before Extraordinaries) | -0.93 | 0.22 | -3.68 | -7.64 | -4.31 | -6.27 | 7.92 |
| EPS (Diluted) | -1.69 | -0.79 | -3.68 | -7.64 | -4.31 | -6.27 | 7.45 |
| EBITDA | -81.87 | -45.87 | -38.12 | -34.33 | -25.63 | -11.74 | -34.13 |
| Non-Operating Income (Expense) | 3.01 | -0.32 | -49.26 | 1.02 | 0.10 | 0.03 | 55.27 |
| Other After Tax Adjustments | 14.02 | -9.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 23.31 | 5.21 | 2.94 | 2.42 | 2.11 | 2.31 | 1.30 |
| Price To Earnings Ratio | - | - | - | - | 20.24 | 267.92 | 273.07 |
| Price To Sales Ratio | - | - | 26.57 | 16.95 | 1.07 | 3.51 | - |
| Gross Margin | - | - | -262.41 | -67.28 | 86.23 | 97.28 | - |
| Operating Margin | - | - | -3,244.87 | -1,700.56 | -120.97 | -22.00 | - |
| Net Margin | - | - | -2,579.03 | -1,884.50 | -78.40 | -28.16 | - |
| Shares Outstanding | 91.14 | 47.61 | 9.29 | 9.23 | 5.04 | 4.35 | 2.60 |
| Market Capitalization | 276.57 | 276.57 | 35.02 | 35.97 | 25.38 | 115.53 | 117.75 |
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 | 0.11 |
| Cost of Goods Sold Incl. D&A | 0.82 | 0.83 | 0.75 | 0.76 | 0.77 | 0.82 | 0.78 | 0.79 |
| Gross Profit | -0.82 | -0.83 | -0.75 | -0.76 | -0.77 | -0.82 | -0.78 | -0.67 |
| Selling, General and Administrative Excl. Other | 25.08 | 22.54 | 19.25 | 15.01 | 11.91 | 8.91 | 9.99 | 9.34 |
| Research and Development | 18.08 | 16.17 | 13.38 | 10.71 | 8.95 | 6.97 | 7.64 | 7.63 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -25.90 | -23.38 | -20.00 | -15.77 | -12.68 | -9.73 | -10.77 | -10.01 |
| Interest Expense | - | 0.06 | 0.06 | 0.06 | 0.04 | 0.06 | 0.07 | 0.07 |
| Unusual Expense | -1.65 | 1.11 | 0.49 | -1.66 | -56.75 | 0.64 | -5.03 | 2.31 |
| Net Income Before Taxes | -22.30 | -22.49 | -18.87 | -16.86 | 45.45 | -10.11 | -5.20 | -11.39 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | -22.30 | -22.49 | -18.87 | -2.85 | 5.34 | -10.11 | -5.20 | -11.39 |
| Net Income From Continuing Operations | -22.30 | -22.49 | -18.87 | -2.85 | 5.34 | -10.11 | -5.20 | -11.39 |
| Net Income | -22.30 | -22.49 | -18.87 | -2.85 | 5.34 | -10.11 | -5.20 | -11.39 |
| EPS (Recurring) | -0.25 | -0.27 | -0.35 | -0.84 | -0.72 | -1.04 | -0.94 | -1.05 |
| EPS (Basic, Before Extraordinaries) | -0.24 | -0.28 | -0.35 | -0.06 | 0.50 | -1.09 | -0.56 | -1.23 |
| EPS (Diluted) | -0.24 | -0.28 | -0.35 | -0.81 | -0.21 | -1.09 | -0.56 | -1.23 |
| EBITDA | -25.08 | -22.54 | -19.25 | -15.01 | -11.91 | -8.91 | -9.99 | -9.22 |
| Non-Operating Income (Expense) | 1.95 | 2.06 | 1.69 | -2.68 | 1.42 | 0.33 | 0.62 | 0.99 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 14.02 | -40.11 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 7.44 | 7.25 | 5.46 | 3.17 | 0.80 | 0.63 | 0.61 | 0.67 |
| Price To Sales Ratio | - | - | - | - | 1,364.50 | 142.22 | 33.44 | 26.63 |
| Gross Margin | - | - | - | - | - | - | - | -585.03 |
| Operating Margin | - | - | - | - | - | - | - | -8,726.26 |
| Net Margin | - | - | - | - | - | - | - | -9,934.52 |
| Shares Outstanding | 91.14 | 83.49 | 75.74 | 47.61 | 47.49 | 9.29 | 9.29 | 9.29 |
| Market Capitalization | 276.57 | 298.21 | 195.14 | 178.05 | 20.93 | 16.31 | 12.55 | 35.02 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 96.59 | 20.76 | 56.57 | 15.05 | 39.55 | 12.61 |
| Short Term Receivables | 0.95 | 0.05 | 0.00 | 5.56 | 8.01 | 20.57 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 3.51 | 2.98 | 2.34 | 1.49 | 2.64 | 1.28 |
| Total Current Assets | 101.05 | 23.79 | 58.91 | 22.10 | 50.19 | 34.46 |
| Net Property, Plant & Equipment | 19.40 | 19.92 | 24.68 | 28.34 | 30.95 | 22.08 |
| Total Investments and Advances | 46.89 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Assets | 1.71 | 1.87 | - | - | - | - |
| Other Assets | 5.46 | 0.48 | 0.35 | 0.47 | 0.00 | 0.00 |
| Total Assets | 174.52 | 46.06 | 83.94 | 50.90 | 81.14 | 56.54 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.95 | 0.81 | 1.85 | 1.40 | 3.10 | 1.66 |
| Accounts Payable | 3.15 | 1.69 | 0.95 | 3.68 | 4.46 | 7.38 |
| Other Current Liabilities | 6.58 | 5.47 | 8.01 | 9.92 | 18.90 | 2.02 |
| Total Current Liabilities | 10.68 | 7.98 | 10.81 | 14.99 | 26.46 | 11.06 |
| Long Term Debt | 5.00 | 3.86 | 4.05 | 4.53 | 5.42 | 6.47 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liabilities | 1.71 | 1.87 | - | - | - | - |
| Other Liabilities | 5.64 | 6.39 | 11.77 | 0.32 | 10.72 | 0.00 |
| Total Liabilities | 23.02 | 20.09 | 26.64 | 19.85 | 42.59 | 17.53 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 5E-06 | 5E-06 | 0.00 | 0.00 | 0.00 |
| Common Equity | 151.49 | 25.97 | 57.30 | 31.06 | 38.55 | 39.01 |
| Total Shareholders Equity | 151.49 | 25.97 | 57.30 | 31.06 | 38.55 | 39.01 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 151.49 | 25.97 | 57.30 | 31.06 | 38.55 | 39.01 |
| Total Liabilities & Stockholders Equity | 174.52 | 46.06 | 83.94 | 50.90 | 81.14 | 56.54 |
| Book Value Per Share | 3.18 | 2.80 | 6.21 | 6.16 | 8.86 | 15.02 |
| Tangible Book Value Per Share | 3.18 | 2.80 | 6.21 | 6.16 | 8.86 | 15.02 |
| Full-Time Employees | 86 | 63 | 57 | 56 | 139 | - |
| Price to Book Ratio | 1.33 | 0.95 | 2.36 | 0.83 | 1.08 | 1.10 |
| Return on Assets | 3.86 | -52.47 | -62.58 | -28.39 | -24.91 | - |
| Return on Equity | 4.80 | -81.92 | -95.51 | -53.85 | -44.21 | - |
| Return on Invested Capital | 2.72 | -114.35 | -68.77 | -52.66 | -39.00 | 44.24 |
| Quick Ratio | 9.46 | 2.98 | 5.45 | 1.47 | 1.90 | 3.11 |
| Current Ratio | 9.46 | 2.98 | 5.45 | 1.47 | 1.90 | 3.11 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY |
|---|---|---|---|---|---|---|---|
| Net Income | -80.52 | 13.27 | -34.11 | -42.19 | -18.74 | -17.14 | 20.12 |
| Depreciation | 3.17 | 3.08 | 4.79 | 3.75 | 3.29 | 1.65 | 0.55 |
| Other Funds (Non Cash) | 26.86 | -57.45 | -2.68 | 11.00 | -7.77 | 5.79 | 1.29 |
| Funds from Operations | -50.49 | -41.09 | -31.99 | -27.45 | -23.22 | -9.70 | 21.96 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -3.43 | -3.69 | -2.30 | 2.33 | -0.24 | 11.68 | -11.95 |
| Cash from Operating Activities | -53.91 | -44.78 | -34.29 | -25.12 | -23.46 | 1.99 | 10.00 |
| Capital Expenditures | -4.85 | -0.93 | -0.34 | -0.20 | -2.17 | -10.94 | -12.73 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.02 | 0.00 | 0.00 | 0.04 | 0.08 | 0.00 | 0.01 |
| Purchase or Sale of Investments | -61.34 | -120.77 | -11.63 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | -171.63 | -142.04 | -37.45 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 110.29 | 21.26 | 25.82 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 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 |
| Cash from Investing Activities | -66.17 | -121.71 | -11.96 | -0.15 | -2.09 | -10.94 | -12.72 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 273.99 | 168.73 | 0.02 | 67.16 | 7.76 | 0.01 | 9.90 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 273.99 | 168.73 | 0.02 | 67.16 | 7.76 | 0.01 | 9.90 |
| Proceedsfrom Stock Options | 168.73 | 168.73 | 0.00 | 7.50 | 7.68 | 0.00 | 9.90 |
| Issuance or Reduction of Debt, Net | -168.88 | -0.42 | -1.17 | -0.39 | -1.19 | 1.54 | -0.92 |
| Change in Long Term Debt | -168.88 | -0.42 | -1.17 | -0.39 | -1.19 | 1.54 | -0.92 |
| Issuance of Long Term Debt | -168.73 | 0.00 | 0.25 | 0.77 | 1.24 | 2.84 | 0.66 |
| Reduction of Long Term Debt | -0.15 | -0.42 | -1.42 | -1.16 | -2.42 | -1.30 | -1.58 |
| Net Financing Active Other Cash Flow | 0.14 | -0.01 | -0.02 | 0.00 | -5.52 | 34.34 | 0.00 |
| Other Financing Activities Uses | -0.00 | -0.01 | -0.02 | 0.00 | -5.52 | 0.00 | 0.00 |
| Cash from Financing Activities | 105.25 | 168.30 | -1.17 | 66.77 | 1.05 | 35.89 | 8.98 |
| Exchange Rate Effect | -0.15 | -0.21 | -0.24 | 0.02 | - | - | - |
| Net Change in Cash | -14.99 | 1.60 | -47.67 | 41.52 | -24.50 | 26.93 | 6.26 |
| Free Cash Flow | -58.76 | -45.71 | -34.63 | -25.32 | -25.63 | -8.96 | -2.73 |
| Preferred Dividends (Cash Flow) | - | - | - | - | 0.00 | 0.00 | 0.00 |
| Deferred Taxes & Investment Tax Credit | - | 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 | 104.05 | 102.63 | 107.39 | 96.59 | 110.88 | 5.71 |
| Short Term Receivables | 1.50 | 1.84 | 1.56 | 0.95 | 0.56 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 2.19 | 3.46 | 3.84 | 3.51 | 1.84 | 3.59 |
| Total Current Assets | 107.74 | 107.94 | 112.78 | 101.05 | 113.28 | 9.31 |
| Net Property, Plant & Equipment | 20.81 | 19.58 | 20.17 | 19.40 | 19.44 | 20.40 |
| Total Investments and Advances | 101.29 | 105.35 | 110.24 | 46.89 | 50.61 | 0.00 |
| Intangible Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Assets | - | - | - | 1.71 | - | - |
| Other Assets | 5.81 | 5.34 | 5.28 | 5.46 | 0.12 | 0.42 |
| Total Assets | 235.64 | 238.21 | 248.47 | 174.52 | 183.45 | 30.13 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.57 | 0.64 | 0.92 | 0.95 | 0.99 | 0.96 |
| Accounts Payable | 2.42 | 3.85 | 3.54 | 3.15 | 2.95 | 2.62 |
| Other Current Liabilities | 11.80 | 7.21 | 5.39 | 6.58 | 6.85 | 7.09 |
| Total Current Liabilities | 14.80 | 11.71 | 9.85 | 10.68 | 10.79 | 10.68 |
| Long Term Debt | 4.35 | 4.49 | 5.25 | 5.00 | 5.20 | 5.46 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liabilities | - | - | - | 1.71 | - | - |
| Other Liabilities | 5.58 | 7.23 | 6.12 | 5.64 | 2.38 | 1.98 |
| Total Liabilities | 24.72 | 23.43 | 21.22 | 23.02 | 18.37 | 18.11 |
| 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 | 5E-06 |
| Common Equity | 210.92 | 214.78 | 227.25 | 151.49 | 165.07 | 12.02 |
| Total Shareholders Equity | 210.92 | 214.78 | 227.25 | 151.49 | 165.07 | 12.02 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 210.92 | 214.78 | 227.25 | 151.49 | 165.07 | 12.02 |
| Total Liabilities & Stockholders Equity | 235.64 | 238.21 | 248.47 | 174.52 | 183.45 | 30.13 |
| Book Value Per Share | 2.31 | 2.57 | 3.00 | 3.18 | 3.48 | 1.29 |
| Tangible Book Value Per Share | 2.31 | 2.57 | 3.00 | 3.18 | 3.48 | 1.29 |
| Full-Time Employees | - | - | - | 86 | - | - |
| Price to Book Ratio | 1.33 | 1.30 | 1.20 | 1.08 | 1.55 | 0.76 |
| Return on Assets | -31.74 | -28.97 | -18.49 | -11.62 | -18.01 | -80.54 |
| Return on Equity | -35.38 | -34.27 | -21.31 | -14.45 | -21.16 | -127.48 |
| Return on Invested Capital | -10.36 | -10.26 | -8.12 | -1.82 | 3.13 | -57.89 |
| Quick Ratio | 7.28 | 9.22 | 11.45 | 9.46 | 10.50 | 0.87 |
| Current Ratio | 7.28 | 9.22 | 11.45 | 9.46 | 10.50 | 0.87 |
Cash flow, quarterly
| Metric | 2026Q3 | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 |
|---|---|---|---|---|---|---|
| Net Income | -22.30 | -22.49 | -18.87 | -16.86 | 45.45 | -10.11 |
| Depreciation | 0.82 | 0.83 | 0.75 | 0.76 | 0.77 | 0.77 |
| Other Funds (Non Cash) | 5.75 | 8.57 | 5.91 | 6.64 | -60.88 | 1.25 |
| Funds from Operations | -15.73 | -13.08 | -12.21 | -9.46 | -14.67 | -8.09 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 2.71 | 3.24 | -2.06 | -7.32 | 1.62 | 0.94 |
| Cash from Operating Activities | -13.02 | -9.84 | -14.27 | -16.78 | -13.05 | -7.15 |
| Capital Expenditures | -1.34 | -1.59 | -0.98 | -0.93 | 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 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 7.39 | -3.30 | -64.67 | -0.77 | -129.87 | 5.20 |
| Purchase of Investments | -7.31 | -13.01 | -139.26 | -12.04 | -129.87 | -0.05 |
| Sale Or Maturity of Investments | 14.71 | 9.71 | 74.60 | 11.27 | 0.00 | 5.25 |
| 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 | 6.07 | -4.88 | -65.65 | -1.71 | -129.87 | 5.20 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | - | - | - | 0.00 | - |
| Change in Capital Stock | 12.89 | 2.41 | 89.96 | 168.73 | 0.00 | 0.00 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 12.89 | 2.41 | 89.96 | 168.73 | 0.00 | 0.00 |
| Proceedsfrom Stock Options | 0.00 | -79.64 | 79.64 | 168.73 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | -0.04 | -0.04 | -0.04 | -168.77 | 168.69 | -0.17 |
| Change in Long Term Debt | -0.04 | -0.04 | -0.04 | -168.77 | 168.69 | -0.17 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | -168.73 | 168.73 | 0.00 |
| Reduction of Long Term Debt | -0.04 | -0.04 | -0.04 | -0.04 | -0.04 | -0.17 |
| Net Financing Active Other Cash Flow | 0.15 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 |
| Other Financing Activities Uses | 0.01 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 |
| Cash from Financing Activities | 13.00 | 2.36 | 89.92 | -0.04 | 168.69 | -0.17 |
| Exchange Rate Effect | 0.12 | 0.11 | 0.01 | -0.40 | -0.04 | 0.18 |
| Net Change in Cash | 6.17 | -12.25 | 10.02 | -18.92 | 25.73 | -1.95 |
| Free Cash Flow | -14.37 | -11.43 | -15.25 | -17.71 | -13.05 | -7.15 |
Revenue breakdown
| Biological Products, (No Diagnostic Substances) | 2024: 1.32M |
|---|---|
| United States | 2024: 1.32M |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 6.23% | 5.0M | 80.7M | 539.93K |
| 2026-10-15 | 5.89% | 4.8M | 81.5M | 525.93K |
| 2026-09-30 | 5.26% | 4.3M | 81.5M | 487.32K |
| 2026-09-15 | 4.42% | 3.6M | 81.5M | 569.01K |
| 2026-08-31 | 5.06% | 4.1M | 81.5M | 666.01K |
| 2026-08-14 | 5.68% | 4.6M | 81.5M | 691.29K |
| 2026-07-31 | 7.24% | 4.7M | 64.4M | 887.63K |
| 2026-07-15 | 6.80% | 4.4M | 64.4M | 871.65K |
| 2026-06-30 | 5.86% | 3.8M | 64.4M | 859.11K |
| 2026-06-15 | 4.47% | 2.9M | 64.4M | 776.57K |
| 2026-05-29 | 4.63% | 2.6M | 57.1M | 785.90K |
| 2026-05-15 | 4.81% | 2.7M | 57.1M | 771.54K |
| 2026-04-30 | 6.57% | 2.4M | 36.8M | 553.38K |
| 2026-04-15 | 8.15% | 3.0M | 36.8M | 570.87K |
| 2026-03-31 | 6.80% | 2.5M | 36.8M | 569.62K |
| 2026-03-13 | 5.31% | 2.0M | 36.8M | 464.83K |
| 2026-02-27 | 4.69% | 1.6M | 34.4M | 354.85K |
| 2026-02-13 | 5.41% | 1.9M | 34.4M | 345.64K |
| 2026-01-30 | 5.66% | 1.9M | 34.4M | 322.87K |
| 2026-01-15 | 4.53% | 1.6M | 34.4M | 294.09K |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 1.00 | 0.35 | 4.20 | 0.00 | 0.000 | 0.00 | 0.00 | 0.964 | -0.011 | 0.000 |
| call | 2.00 | 0.70 | 3.20 | 1.10 | 18.795 | 2,229 | 0.00 | 0.918 | -0.010 | 0.001 |
| call | 3.00 | 0.00 | 2.30 | 0.45 | 14.320 | 446 | 0.00 | 0.722 | -0.066 | 0.002 |
| call | 4.00 | 0.00 | 2.15 | 0.05 | 14.083 | 96.00 | 0.00 | 0.837 | -0.095 | 0.001 |
| call | 5.00 | 0.00 | 2.15 | 0.00 | 14.899 | 0.00 | 0.00 | 0.830 | -0.103 | 0.001 |
| call | 6.00 | 0.00 | 2.15 | 0.00 | 12.675 | 0.00 | 0.00 | 0.743 | -0.112 | 0.002 |
| call | 7.00 | 0.00 | 0.95 | 0.00 | 8.551 | 0.00 | 0.00 | 0.531 | -0.093 | 0.002 |
| put | 1.00 | 0.00 | 2.15 | 0.00 | 10.425 | 0.00 | 0.00 | -0.066 | -0.036 | 0.001 |
| put | 2.00 | 0.00 | 0.05 | 0.05 | 5.065 | 16.00 | 0.00 | -0.172 | -0.035 | 0.001 |
| put | 3.00 | 0.00 | 0.65 | 0.20 | 3.774 | 106 | 0.00 | -0.278 | -0.065 | 0.002 |
| put | 4.00 | 0.00 | 3.00 | 0.00 | 13.608 | 0.00 | 0.00 | -0.162 | -0.092 | 0.001 |
| put | 5.00 | 0.05 | 4.00 | 0.00 | 14.481 | 0.00 | 0.00 | -0.176 | -0.101 | 0.001 |
| put | 6.00 | 0.85 | 5.00 | 0.00 | 15.248 | 0.00 | 0.00 | -0.257 | -0.111 | 0.002 |
| put | 7.00 | 1.85 | 6.00 | 0.00 | 15.764 | 0.00 | 0.00 | -0.467 | -0.094 | 0.002 |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-05 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-09-30 | SEC |
| 2026-10-22 | 25-NSE | SEC | ||
| 2026-10-13 | 8-K | Current report | 2026-10-13 | SEC |
| 2026-09-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-09-17 | SEC |
| 2026-08-21 | 424B3 | SEC | ||
| 2026-08-14 | SCHEDULE 13G/A | SEC | ||
| 2026-08-14 | SCHEDULE 13G/A | SEC | ||
| 2026-08-14 | SCHEDULE 13G/A | SEC | ||
| 2026-08-14 | SCHEDULE 13G/A | SEC | ||
| 2026-08-14 | SCHEDULE 13G/A | SEC | ||
| 2026-08-14 | SCHEDULE 13G/A | SEC | ||
| 2026-08-12 | SCHEDULE 13G | SEC | ||
| 2026-08-10 | SCHEDULE 13D/A | SEC | ||
| 2026-08-06 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-07-07 | 8-K | Current report | 2026-07-07 | SEC |
| 2026-06-26 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-25 | SEC |
| 2026-06-18 | 8-K | Current report | 2026-06-18 | SEC |
| 2026-05-15 | SCHEDULE 13G | SEC | ||
| 2026-05-15 | SCHEDULE 13G/A | SEC | ||
| 2026-05-15 | SCHEDULE 13G | SEC | ||
| 2026-05-12 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-03-31 | SEC |
| 2026-05-04 | 8-K | Current report | 2026-04-28 | SEC |
| 2026-05-01 | SCHEDULE 13G | SEC | ||
| 2026-04-30 | DEF 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-06-18 | SEC |
| 2026-04-22 | 8-K | Current report | 2026-04-22 | SEC |
| 2026-03-31 | S-8 | Initial registration statement for securities to be offered to employees pursuant to employee benefit plans | SEC | |
| 2026-03-25 | 4 | Statement of changes in beneficial ownership of securities | 2026-03-24 | SEC |
| 2026-03-23 | SCHEDULE 13D/A | SEC | ||
| 2026-03-19 | 8-K | Current report | 2026-03-17 | SEC |
| 2026-03-19 | 424B5 | 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 |
|---|---|
| Caligan Partners LP | 10.42% |
| Vivo Capital, LLC | 9.55% |
| PERCEPTIVE ADVISORS LLC | 8.67% |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | 8.38% |
| RA CAPITAL MANAGEMENT, L.P. | 5.76% |
| BALYASNY ASSET MANAGEMENT L.P. | 4.92% |
| BlackRock, Inc. | 4.01% |
| VANGUARD CAPITAL MANAGEMENT LLC | 3.89% |
| Commodore Capital LP | 3.75% |
| MILLENNIUM MANAGEMENT LLC | 3.60% |
Funds
| Fund | % owned |
|---|---|
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 2.96% |
| iShares Russell 2000 ETF | 1.38% |
| VANGUARD EXTENDED MARKET INDEX FUND | 0.85% |
| Fidelity Small Cap Index Fund | 0.62% |
| iShares Russell 2000 Value ETF | 0.50% |
| Fidelity Extended Market Index Fund | 0.30% |
| VANGUARD RUSSELL 2000 INDEX FUND | 0.27% |
| iShares Micro-Cap ETF | 0.19% |
| Schwab Small-Cap Index Fund | 0.14% |
| Fidelity Total Market Index Fund | 0.14% |
OakChart. SABS. Cached 15 minutes.
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