Tiziana Life Sciences Ltd
TLSAHealthcare·Biotechnology·Bermuda·Micro·NASD·Nov 11 • 1:07 PM ET
0.6560+0.0458 (7.51%)
2026-11-11 19:12 CET
Market cap
78.29 USD m
Revenue, TTM
0.00 USD m
Net income, TTM
-25.19 USD m
Free cash flow, TTM
-13.46 USD m
EPS diluted, TTM
-0.20
P/E
-
Price
TLSA against its 20, 50 and 200-day averages2050200missearnings
65.5% under the 52-week high of 1.90 on 2 Dec 2025. 52-week low 0.57 on 5 Nov 2026. Last 15 sessions, 78.1% high to low
Profile
TLSA52-week range, 6% of the way up
0.571.90
Tiziana Life Sciences Ltd. is a clinical-stage biotechnology company, which engages in developing therapies for neurodegenerative and lung diseases. Its clinical pipeline includes drug assets for Secondary Progressive Multiple Sclerosis, Amyotrophic Lateral Sclerosis, and Alzheimer's. The company was founded by Gabriele Marco Antonio Cerrone on February 11, 1998 and is headquartered in London, the United Kingdom.
| Employees | 10 |
|---|---|
| IPO | Nov 20, 2018 |
| Beta | 0.49 |
| ATR, 14d | 0.08 |
| Rel volume | 0.39 |
| Short float | 4.54% |
| Insider own | 49.84% |
| Inst own | 1.99% |
Snapshot
6 groupsValuation
| Index | - |
|---|---|
| Market Cap | 84.17M |
| Enterprise Value | 81.92M |
| Income | -25.19M |
| Sales | 0.00M |
| Book/sh | -0.02 |
| Cash/sh | 0.02 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 10 |
| IPO | Nov 20, 2018 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | - |
| P/B | - |
| P/C | 26.47 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | - |
| Quick Ratio | 0.69 |
| Current Ratio | 0.69 |
| Debt/Eq | - |
| LT Debt/Eq | - |
| Option/Short | Yes / Yes |
Earnings
| EPS (ttm) | -0.20 |
|---|---|
| EPS next Y | -0.19 |
| EPS next Q | - |
| EPS this Y | -7.03% |
| EPS next Y | -9.06% |
| EPS next 5Y | -5.88% |
| EPS past 3/5Y | -0.89% -0.19% |
| Sales past 3/5Y | - - |
| EPS Y/Y TTM | -78.92% |
| Sales Y/Y TTM | - |
| EPS Q/Q | -101.04% |
| Sales Q/Q | - |
| Earnings | Sep 18 |
| EPS/Sales Surpr. | 1.50% - |
Ownership
| Insider Own | 49.84% |
|---|---|
| Insider Trans | 1.57% |
| Inst Own | 1.99% |
| Inst Trans | -15.23% |
| ROA | -178.26% |
| ROE | -780.60% |
| ROIC | - |
| Gross Margin | - |
| Oper. Margin | - |
| Profit Margin | - |
| SMA20 | -21.59% |
| SMA50 | -30.16% |
| SMA200 | -44.16% |
| Trades | - |
Technical
| Shs Outstand | 128.03M |
|---|---|
| Shs Float | 64.36M |
| Short Float | 4.54% |
| Short Ratio | 3.98 |
| Short Interest | 2.92M |
| 52W High | 1.90 -65.47% |
| 52W Low | 0.57 15.68% |
| Volatility | 12.17% 10.19% |
| ATR (14) | 0.08 |
| RSI (14) | 34.80 |
| Beta | 0.49 |
| Rel Volume | 0.39 |
| Avg Volume | 735.03K |
| Volume | 167,363 |
Performance
| Perf Week | 2.82% |
|---|---|
| Perf Month | -39.82% |
| Perf Quarter | -36.92% |
| Perf Half Y | -56.27% |
| Perf YTD | -55.97% |
| Perf Year | -62.30% |
| Perf 3Y | 12.14% |
| Perf 5Y | -52.46% |
| Perf 10Y | - |
| Recom | 1.00 |
| Target Price | 7.98 |
| Prev Close | 0.61 |
| Price | 0.66 |
| Change % | 7.51% |
Analyst ratings
latest 3 of 3| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Sep 03, 2026 | Initiated | BBTIG Research | Buy | $7 | +967.1% |
| Dec 22, 2020 | Initiated | RB. Riley Securities | Buy | $8 | +1,119.5% |
| Dec 17, 2018 | Initiated | LLaidlaw | Buy |
Peers
Mkt capInsider trading
3 filings| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| Elrifi Ivor | Chief Executive Officer | Aug 05 '26 | Buy | 1.00 | 237,616 | 237,616 | 4,793,684 | Aug 06 09:30 AM |
| Elrifi Ivor | Chief Executive Officer | Aug 04 '26 | Buy | 0.97 | 83,807 | 81,293 | 4,556,068 | Aug 06 09:30 AM |
| Elrifi Ivor | Chief Executive Officer | Aug 03 '26 | Buy | 1.00 | 667,000 | 667,000 | 4,472,261 | Aug 05 04:30 PM |
News
latest 14 of 200- Tizianas nasal foralumab reduces microglial activation in progressive MS trial (Proactive)
- Tiziana KOL Call Highlights Consistency Between Positive Phase 2a INFORM-MS Topline Results and Longer-Term Clinical Benefits Observed in Expanded Access Program for Patients with Non-Active Secondary Progressive Multiple Sclerosis Treated with Intranasal Foralumab (GlobeNewswire)
- Tiziana Life Sciences to advance foralumab partnering talks at BIO-Europe 2026 (Proactive)
- MARKETS LIVE: Wall Street rebounds from worst weekly sell-off, FTSE finishes strongly (Proactive)
- Tiziana Life Sciences to Present at BIO-Europe 2026 and Host KOL Webcast (GlobeNewswire)
- Tiziana to Host Investor Call with Key Opinion Leaders to Discuss Positive Phase 2a INFORM-MS Topline Results (GlobeNewswire)
- Tiziana Announces Positive Topline Results from Phase 2a INFORM-MS Trial of Intranasal Foralumab in Non-Active Secondary Progressive Multiple Sclerosis (GlobeNewswire) -16.25%
- Tiziana Management Team to Attend the 10th Joint ACTRIMS-ECTRIMS Meeting in Toronto (GlobeNewswire)
- Tiziana completes dosing in Phase 2 Alzheimers trial of intranasal foralumab (Proactive)
- Tiziana Doses Last Patient in Phase 2 Trial of Intranasal Foralumab for Mild Alzheimer's Disease (GlobeNewswire)
- Tiziana Life Sciences seeks FDA orphan drug status for nasal MSA therapy (Proactive) +16.39%
- MARKETS LIVE: Wall Street closes mixed as cooling inflation lifts Nasdaq (Proactive)
- Tiziana Life Sciences Files for Orphan Drug Designation with the FDA for Intranasal Foralumab for the Treatment of Multiple System Atrophy (MSA) (GlobeNewswire)
- Tiziana doses first three patients in ALS trial of nasal antibody foralumab (Proactive)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026S1 | 2026-09-18 | -0.079 | -0.080 | -0.097 | 0.00 | - | 1 |
| 2025S2 | 2026-06-18 | -0.110 | -0.090 | -0.108 | 0.00 | - | 1 |
| 2025S1 | 2025-10-01 | -0.070 | -0.070 | -0.048 | - | - | 1 |
| 2024S2 | 2025-06-05 | -0.070 | - | -0.066 | 0.00 | - | - |
| 2021S1 | 2021-09-24 | -0.202 | -0.059 | -0.116 | 0.00 | 0.00 | 1 |
| 2020S2 | 2021-07-13 | -0.081 | - | -0.123 | 0.00 | - | - |
| 2020Q4 | 2021-05-18 | -0.028 | - | - | 0.00 | - | - |
| 2020S1 | 2020-09-30 | -0.066 | -0.079 | -0.033 | - | - | - |
| 2019S2 | 2020-09-15 | -0.025 | - | -0.033 | - | - | 1 |
| 2026S2 | - | - | -0.100 | - | - | - | 1 |
| 2027S1 | - | - | -0.090 | - | - | - | 1 |
| 2027S2 | - | - | -0.100 | - | - | - | 1 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2019FY | -0.053 | -0.050 | -0.068 | - | - |
| 2020FY | -0.338 | -0.067 | -0.154 | 0.00 | 0.00 |
| 2021FY | -0.240 | -0.114 | -0.239 | - | - |
| 2022FY | -0.150 | -0.372 | -0.152 | 0.00 | - |
| 2023FY | -0.150 | - | -0.173 | 0.00 | - |
| 2024FY | -0.109 | - | - | 0.00 | - |
| 2025FY | -0.159 | -0.160 | -0.158 | 0.00 | 0.00 |
| 2026FY | - | -0.172 | - | - | 0.00 |
| 2027FY | - | -0.187 | - | - | - |
| 2028FY | - | -0.191 | - | - | - |
| 2029FY | - | -0.194 | - | - | - |
| 2030FY | - | -1.291 | - | - | 97.54 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026S2 | R | 2026-11-05 | 1 | 1 | 0 | -0.10 | -0.10 | -0.10 |
| 2026S2 | R | 2026-10-29 | 1 | 0 | 1 | -0.10 | -0.10 | -0.10 |
| 2026S2 | R | 2026-10-02 | 1 | 0 | 1 | -0.10 | -0.10 | -0.10 |
| 2026S2 | R | 2026-09-18 | 1 | 0 | 1 | -0.10 | -0.10 | -0.10 |
| 2026S2 | R | 2026-09-01 | 1 | 0 | 0 | -0.10 | -0.10 | -0.10 |
| 2026S2 | E | 2026-11-05 | 1 | 1 | 0 | -0.10 | -0.10 | -0.10 |
| 2026S2 | E | 2026-10-29 | 1 | 0 | 1 | -0.10 | -0.10 | -0.10 |
| 2026S2 | E | 2026-10-02 | 1 | 0 | 1 | -0.10 | -0.10 | -0.10 |
| 2026S2 | E | 2026-09-18 | 1 | 0 | 1 | -0.10 | -0.10 | -0.10 |
| 2026S2 | E | 2026-09-01 | 1 | 0 | 0 | -0.10 | -0.10 | -0.10 |
| 2026S2 | E | 2026-06-18 | 1 | 0 | 0 | -0.08 | -0.08 | -0.08 |
| 2026S2 | E | 2026-05-19 | 1 | 0 | 0 | -0.08 | -0.08 | -0.08 |
| 2026S2 | E | 2025-10-28 | 1 | 0 | 0 | -0.10 | -0.10 | -0.10 |
| 2026S2 | E | 2025-10-27 | 1 | 0 | 0 | -0.10 | -0.10 | -0.10 |
Estimate history
| EPS, annual | -0.082 | -0.062 | -0.068 | -0.154 | -0.239 | -0.152 | -0.173 | -0.111 | -0.156 |
|---|---|---|---|---|---|---|---|---|---|
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| EPS, quarterly | |||||||||
| Period | |||||||||
| Sales, annual | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Sales, quarterly | |||||||||
| Period | |||||||||
| Shares, annual | 125.055 | 136.464 | 136.655 | 194.612 | 102.273 | 102.273 | 103.088 | 111.463 | 120.507 |
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Shares, quarterly | |||||||||
| Period |
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 | 0.30 | 0.23 | 0.12 | 0.10 | 0.05 | 0.14 | 0.09 | 0.25 | 0.02 |
| Gross Profit | -0.30 | -0.23 | -0.12 | -0.10 | -0.05 | -0.14 | -0.09 | -0.25 | -0.02 |
| Selling, General and Administrative Excl. Other | 23.45 | 21.05 | 15.51 | 16.37 | 17.72 | 29.13 | 30.04 | 9.50 | 10.15 |
| Research and Development | 13.47 | 10.28 | 5.23 | 8.11 | 12.96 | 13.21 | 5.98 | 3.71 | 5.51 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.00 | 0.00 |
| Operating Income | -23.75 | -21.28 | -15.64 | -16.46 | -17.77 | -29.27 | -30.13 | -9.75 | -10.16 |
| Interest Expense | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.18 | 0.32 | 0.09 | 0.01 |
| Unusual Expense | 2.48 | -1.75 | 1.76 | 0.40 | 0.87 | 0.00 | 0.28 | - | - |
| Net Income Before Taxes | -25.19 | -18.43 | -16.75 | -17.24 | -15.40 | -26.66 | -28.30 | -10.01 | -9.88 |
| Income Taxes | 0.00 | 0.00 | -4.88 | 0.45 | 0.00 | -3.24 | -2.20 | -0.69 | -1.95 |
| Consolidated Net Income | -25.19 | -18.43 | -11.86 | -17.69 | -15.40 | -23.42 | -26.09 | -9.32 | -7.93 |
| Net Income From Continuing Operations | -25.19 | -18.43 | -11.86 | -17.69 | -15.40 | -23.42 | -26.09 | -9.32 | -7.93 |
| Net Income | -25.19 | -18.43 | -11.86 | -17.69 | -15.40 | -23.42 | -26.09 | -9.32 | -7.93 |
| EPS (Recurring) | -0.18 | -0.17 | -0.10 | -0.17 | -0.15 | -0.24 | -0.15 | -0.07 | -0.06 |
| EPS (Basic, Before Extraordinaries) | -0.20 | -0.16 | -0.11 | -0.17 | -0.15 | -0.24 | -0.15 | -0.07 | -0.06 |
| EPS (Diluted) | -0.20 | -0.16 | -0.11 | -0.17 | -0.15 | -0.24 | -0.15 | -0.07 | -0.06 |
| EBITDA | -23.45 | -21.05 | -15.51 | -16.37 | -17.72 | -29.13 | -30.04 | -9.50 | -10.15 |
| Non-Operating Income (Expense) | 1.58 | 1.12 | 0.66 | -0.36 | 3.25 | 2.79 | 2.43 | -0.16 | 0.30 |
| 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 | 3.05 | 3.09 | 2.34 | 1.73 | -1.41 | 4.19 | 3.88 | 1.03 | 0.54 |
| Shares Outstanding | 128.03 | 120.51 | 111.46 | 103.09 | 102.27 | 102.27 | 194.61 | 136.65 | 136.46 |
| Market Capitalization | 78.29 | 78.29 | 77.04 | 108.98 | 116.48 | 186.83 | 193.94 | 14.54 | 12.71 |
Income statement, quarterly
| Metric | 2026S1 | 2025S2 | 2025S1 | 2024S2 | 2024S1 | 2023S2 | 2023S1 | 2022S2 |
|---|---|---|---|---|---|---|---|---|
| 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 | 0.16 | 0.15 | 0.09 | 0.06 | 0.06 | 0.04 | 0.06 | 0.05 |
| Gross Profit | -0.16 | -0.15 | -0.09 | -0.06 | -0.06 | -0.04 | -0.06 | -0.05 |
| Selling, General and Administrative Excl. Other | 11.26 | 12.18 | 8.87 | 9.13 | 6.38 | 6.19 | 10.18 | 9.99 |
| Research and Development | 6.43 | 7.04 | 3.24 | 2.65 | 2.58 | 4.83 | 3.29 | 5.49 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -11.42 | -12.33 | -8.96 | -9.19 | -6.44 | -6.23 | -10.23 | -10.04 |
| Interest Expense | 0.00 | 0.02 | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 |
| Unusual Expense | 1.21 | 1.28 | -3.03 | 0.18 | 1.59 | 0.40 | 0.00 | 0.00 |
| Net Income Before Taxes | -12.39 | -12.80 | -5.63 | -8.77 | -7.98 | -8.63 | -8.62 | -10.88 |
| Income Taxes | 0.00 | 0.00 | 0.00 | -1.56 | -3.33 | 0.45 | 0.00 | 0.00 |
| Consolidated Net Income | -12.39 | -12.80 | -5.63 | -7.21 | -4.65 | -9.07 | -8.62 | -10.88 |
| Net Income From Continuing Operations | -12.39 | -12.80 | -5.63 | -7.21 | -4.65 | -9.07 | -8.62 | -10.88 |
| Net Income | -12.39 | -12.80 | -5.63 | -7.21 | -4.65 | -9.07 | -8.62 | -10.88 |
| EPS (Recurring) | -0.09 | -0.10 | -0.07 | -0.06 | -0.03 | -0.09 | -0.08 | -0.11 |
| EPS (Basic, Before Extraordinaries) | -0.10 | -0.11 | -0.05 | -0.07 | -0.05 | -0.09 | -0.08 | -0.11 |
| EPS (Diluted) | -0.10 | -0.11 | -0.05 | -0.07 | -0.05 | -0.09 | -0.08 | -0.11 |
| EBITDA | -11.26 | -12.18 | -8.87 | -9.13 | -6.38 | -6.19 | -10.18 | -9.99 |
| Non-Operating Income (Expense) | 0.24 | 1.34 | 0.30 | 0.61 | 0.05 | -1.98 | 1.62 | -0.84 |
| Stock Option Compensation Expense | 0.58 | 2.47 | 0.62 | 1.67 | 0.66 | 0.81 | 0.92 | 0.93 |
| Shares Outstanding | 128.03 | 120.51 | 118.82 | 111.46 | 104.04 | 103.09 | 102.27 | 102.27 |
| Market Capitalization | 78.29 | 177.09 | 176.11 | 77.04 | 178.85 | 108.98 | 132.61 | 116.48 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY | 2017FY |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 4.01 | 3.72 | 1.18 | 18.12 | 42.19 | 65.91 | 0.20 | 5.30 | 0.06 |
| Short Term Receivables | 4.26 | 3.69 | 6.05 | 5.99 | 5.31 | 3.98 | 1.29 | 1.29 | 2.06 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 0.29 | 0.09 | 0.10 | 0.17 | 1.19 | 0.38 | 0.03 | 0.04 | 0.33 |
| Total Current Assets | 8.55 | 7.51 | 7.34 | 24.28 | 48.68 | 70.27 | 1.52 | 6.64 | 2.45 |
| Net Property, Plant & Equipment | 0.50 | 0.19 | 0.29 | 0.39 | 0.02 | 0.36 | 0.44 | 0.01 | 0.02 |
| Total Investments and Advances | 2.44 | 3.59 | 4.55 | 1.81 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-Term Note Receivable | - | - | - | - | - | 0.00 | 0.15 | - | - |
| Intangible Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.13 | 0.13 | - | 0.00 | 0.00 |
| Other Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.29 | 0.28 | 0.00 |
| Total Assets | 11.50 | 11.28 | 12.18 | 26.48 | 48.83 | 70.76 | 2.40 | 6.92 | 2.48 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.22 | 0.11 | 0.14 | 0.12 | 1.36 | 2.31 | 0.88 | 0.45 | 0.32 |
| Accounts Payable | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Liabilities | 10.99 | 7.24 | 6.40 | 6.54 | 6.19 | 5.68 | 6.51 | 5.95 | 4.44 |
| Total Current Liabilities | 11.21 | 7.35 | 6.54 | 6.66 | 7.55 | 7.99 | 7.39 | 6.40 | 4.75 |
| Long Term Debt | 0.23 | 0.00 | 0.11 | 0.24 | 0.00 | 0.29 | 0.54 | 0.00 | 0.00 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | - |
| Other Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 11.44 | 7.35 | 6.65 | 6.91 | 7.55 | 8.28 | 7.93 | 6.40 | 4.75 |
| 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 | 0.05 | 3.94 | 5.54 | 19.57 | 41.28 | 62.48 | -5.54 | 0.52 | -2.28 |
| Total Shareholders Equity | 0.05 | 3.94 | 5.54 | 19.57 | 41.28 | 62.48 | -5.54 | 0.52 | -2.28 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 0.05 | 3.94 | 5.54 | 19.57 | 41.28 | 62.48 | -5.54 | 0.52 | -2.28 |
| Total Liabilities & Stockholders Equity | 11.50 | 11.28 | 12.18 | 26.48 | 48.83 | 70.76 | 2.40 | 6.92 | 2.48 |
| Book Value Per Share | 0.00 | 0.04 | 0.05 | 0.19 | 0.40 | 0.32 | -0.04 | 0.00 | -0.02 |
| Tangible Book Value Per Share | 0.00 | 0.04 | 0.05 | 0.19 | 0.40 | 0.32 | -0.04 | 0.00 | -0.02 |
| Full-Time Employees | 10 | 9 | 9 | 9 | 8 | 11 | 10 | 10 | 11 |
| Price to Book Ratio | -28.43 | - | - | - | - | - | - | - | - |
| Return on Assets | -161.82 | -101.10 | -91.52 | -40.89 | -39.16 | -71.34 | -200.05 | -168.80 | -200.01 |
| Return on Equity | -924.32 | -250.49 | -140.92 | -50.61 | -45.14 | -91.64 | - | - | - |
| Return on Invested Capital | -6,444.41 | -301.40 | -313.39 | -77.71 | -56.73 | -41.57 | - | -1,515.67 | - |
| Quick Ratio | 0.76 | 1.02 | 1.12 | 3.64 | 6.45 | 8.79 | 0.21 | 1.04 | 0.52 |
| Current Ratio | 0.76 | 1.02 | 1.12 | 3.64 | 6.45 | 8.79 | 0.21 | 1.04 | 0.52 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | -25.19 | -18.43 | -16.75 | -17.24 | -15.40 | -26.66 | -28.30 | -10.01 | -9.88 |
| Depreciation | 0.30 | 0.23 | 0.12 | 0.10 | 0.05 | 0.14 | 0.09 | 0.25 | 0.02 |
| Other Funds (Non Cash) | 4.42 | 2.29 | 15.65 | 3.03 | -3.11 | 5.53 | 16.58 | 2.68 | 3.32 |
| Funds from Operations | -20.46 | -15.91 | -0.97 | -14.12 | -18.45 | -20.99 | -11.63 | -7.08 | -6.54 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 7.08 | 3.06 | -0.55 | -1.58 | -1.16 | -0.77 | -0.29 | 0.29 | 1.94 |
| Cash from Operating Activities | -13.38 | -12.85 | -1.53 | -15.70 | -19.62 | -21.76 | -11.92 | -6.79 | -4.60 |
| Capital Expenditures | -0.08 | -0.02 | -0.02 | 0.00 | 0.00 | -0.02 | -0.13 | -0.00 | 0.00 |
| Net Assets From Acquisitions | 0.00 | 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 | -2.89 | 0.00 | 0.00 | -1.00 | -2.68 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | -1.00 | -2.68 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | -2.89 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | -0.05 | -0.25 | -1.32 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 3.06 | 3.06 | 0.00 | 0.00 | 0.00 | 0.15 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | 0.10 | 3.04 | -0.07 | -1.25 | -4.00 | 0.13 | -0.13 | -0.00 | 0.00 |
| 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 | 9.44 | 10.20 | 4.65 | 0.16 | 0.00 | 0.13 | 73.96 | 1.88 | 10.09 |
| 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 | 9.44 | 10.20 | 4.65 | 0.16 | 0.00 | 0.13 | 73.96 | 1.88 | 10.09 |
| Proceedsfrom Stock Options | 9.29 | 10.06 | 4.57 | 0.02 | 0.00 | 0.00 | 69.44 | 0.00 | 8.58 |
| 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 | 9.16 | 10.01 | 4.51 | 0.04 | -0.06 | -0.02 | 73.68 | 1.68 | 10.09 |
| Exchange Rate Effect | 0.05 | 0.08 | -0.37 | -0.03 | -0.40 | -1.98 | - | - | - |
| Net Change in Cash | -4.07 | 0.29 | 2.54 | -16.94 | -24.06 | -23.64 | 61.64 | -5.12 | 5.49 |
| Free Cash Flow | -13.46 | -12.87 | -1.54 | -15.70 | -19.61 | -21.78 | -11.92 | -6.80 | -4.60 |
| 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 | 2026S1 | 2025S2 | 2025S1 | 2024S2 | 2024S1 | 2023S2 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 3.18 | 4.01 | 7.25 | 3.72 | 1.13 | 1.18 |
| Short Term Receivables | 4.32 | 4.26 | 4.95 | 3.69 | 6.27 | 6.05 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 1.94 | 0.29 | 0.52 | 0.09 | 0.36 | 0.10 |
| Total Current Assets | 9.44 | 8.55 | 12.72 | 7.51 | 7.75 | 7.34 |
| Net Property, Plant & Equipment | 0.99 | 0.50 | 0.15 | 0.19 | 0.25 | 0.29 |
| Total Investments and Advances | 1.24 | 2.44 | 3.73 | 3.59 | 2.97 | 4.55 |
| Intangible Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Assets | 11.66 | 11.50 | 16.60 | 11.28 | 10.96 | 12.18 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.11 | 0.22 | 0.11 | 0.11 | 0.14 | 0.14 |
| Accounts Payable | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Tax Payable | 0.00 | - | 0.10 | - | - | - |
| Other Current Liabilities | 13.48 | 10.99 | 7.19 | 7.24 | 8.93 | 6.40 |
| Total Current Liabilities | 13.58 | 11.21 | 7.40 | 7.35 | 9.07 | 6.54 |
| Long Term Debt | 0.83 | 0.23 | 0.00 | 0.00 | 0.04 | 0.11 |
| Other Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 14.41 | 11.44 | 7.40 | 7.35 | 9.11 | 6.65 |
| 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 | -2.75 | 0.05 | 9.20 | 3.94 | 1.86 | 5.54 |
| Total Shareholders Equity | -2.75 | 0.05 | 9.20 | 3.94 | 1.86 | 5.54 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | -2.75 | 0.05 | 9.20 | 3.94 | 1.86 | 5.54 |
| Total Liabilities & Stockholders Equity | 11.66 | 11.50 | 16.60 | 11.28 | 10.96 | 12.18 |
| Book Value Per Share | -0.02 | 0.00 | 0.08 | 0.04 | 0.02 | 0.05 |
| Tangible Book Value Per Share | -0.02 | 0.00 | 0.08 | 0.04 | 0.02 | 0.05 |
| Price to Book Ratio | -28.43 | 19.24 | 44.75 | - | - | - |
| Return on Assets | -178.26 | -161.82 | -93.18 | -101.10 | -96.74 | -91.52 |
| Return on Equity | -780.60 | -924.32 | -232.31 | -250.49 | -181.23 | -140.92 |
| Return on Invested Capital | - | -4,475.17 | -61.22 | -183.16 | -245.98 | -160.74 |
| Quick Ratio | 0.69 | 0.76 | 1.72 | 1.02 | 0.85 | 1.12 |
| Current Ratio | 0.69 | 0.76 | 1.72 | 1.02 | 0.85 | 1.12 |
Cash flow, quarterly
| Metric | 2026S1 | 2025S2 | 2025S1 | 2024S2 | 2024S1 | 2023S2 |
|---|---|---|---|---|---|---|
| Net Income | -12.39 | -12.80 | -5.63 | -8.77 | -7.98 | -8.62 |
| Depreciation | 0.16 | 0.15 | 0.09 | 0.06 | 0.06 | 0.04 |
| Other Funds (Non Cash) | 2.55 | 1.87 | 0.42 | 9.01 | 6.63 | 0.67 |
| Funds from Operations | -9.68 | -10.78 | -5.13 | 0.31 | -1.28 | -7.91 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 2.33 | 4.76 | -1.70 | -2.24 | 1.68 | 3.61 |
| Cash from Operating Activities | -7.36 | -6.02 | -6.82 | -1.93 | 0.40 | -4.31 |
| Capital Expenditures | -0.06 | -0.02 | -0.01 | -0.01 | -0.01 | 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 | -2.89 | 2.89 | 0.00 | 0.00 | -1.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.00 |
| Sale Or Maturity of Investments | 0.00 | -2.89 | 2.89 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | -0.05 | 0.00 | 0.00 |
| Other Sources | 0.00 | 3.06 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -0.06 | 0.16 | 2.88 | -0.06 | -0.01 | -1.00 |
| 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 | 6.64 | 2.79 | 7.41 | 4.65 | 0.00 | 0.16 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 6.64 | 2.79 | 7.41 | 4.65 | 0.00 | 0.16 |
| Proceedsfrom Stock Options | 6.64 | 2.65 | 7.41 | 4.57 | 0.00 | 0.02 |
| 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 | 6.51 | 2.65 | 7.36 | 4.57 | -0.07 | 0.08 |
| Exchange Rate Effect | 0.07 | -0.03 | 0.11 | 0.00 | -0.37 | -0.19 |
| Net Change in Cash | -0.83 | -3.24 | 3.53 | 2.59 | -0.05 | -5.41 |
| Free Cash Flow | -7.42 | -6.04 | -6.83 | -1.93 | 0.39 | -4.31 |
Revenue breakdown
| Revenue split | - |
|---|
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 4.54% | 2.9M | 64.4M | 782.44K |
| 2026-10-15 | 4.34% | 2.8M | 64.4M | 750.91K |
| 2026-09-30 | 4.10% | 2.6M | 64.4M | 692.44K |
| 2026-09-15 | 2.65% | 1.7M | 65.4M | 582.65K |
| 2026-08-31 | 2.60% | 1.7M | 65.4M | 537.62K |
| 2026-08-14 | 2.60% | 1.7M | 65.4M | 423.08K |
| 2026-07-31 | 2.52% | 1.7M | 67.5M | 238.22K |
| 2026-07-15 | 1.84% | 1.2M | 67.6M | 222.38K |
| 2026-06-30 | 2.49% | 1.6M | 62.9M | 206.82K |
| 2026-06-15 | 2.73% | 1.6M | 58.2M | 207.19K |
| 2026-05-29 | 2.51% | 1.5M | 58.2M | 185.53K |
| 2026-05-15 | 2.32% | 1.4M | 60.9M | 147.98K |
| 2026-04-30 | 2.23% | 1.4M | 60.9M | 149.97K |
| 2026-04-15 | 2.11% | 1.3M | 60.9M | 196.73K |
| 2026-03-31 | 2.29% | 1.5M | 63.5M | 204.56K |
| 2026-03-13 | 2.35% | 1.5M | 63.5M | 249.41K |
| 2026-02-27 | 2.41% | 1.5M | 63.5M | 292.27K |
| 2026-02-13 | 2.30% | 1.5M | 63.5M | 312.23K |
| 2026-01-30 | 2.38% | 1.5M | 63.5M | 311.31K |
| 2026-01-15 | 2.51% | 1.6M | 63.5M | 286.20K |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 2.50 | 0.00 | 0.15 | 0.09 | 9.341 | 487 | 0.00 | 0.423 | -0.020 | 0.000 |
| call | 5.00 | 0.00 | 3.80 | 0.00 | 11.305 | 0.00 | 0.00 | 0.394 | -0.024 | 0.000 |
| call | 7.50 | 0.00 | 0.20 | 0.00 | 0.000 | 0.00 | 0.00 | 0.000 | 0.000 | 0.000 |
| put | 2.50 | 0.00 | 4.40 | 0.00 | 0.000 | 0.00 | 0.00 | -0.584 | -0.020 | 0.000 |
| put | 5.00 | 2.00 | 6.90 | 3.78 | 0.000 | 1.00 | 0.00 | 0.000 | 0.000 | 0.000 |
| put | 7.50 | 4.50 | 9.40 | 0.00 | 0.000 | 0.00 | 0.00 | -0.533 | -0.029 | 0.000 |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-09 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-11-09 | SEC |
| 2026-11-09 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-11-09 | SEC |
| 2026-11-05 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-11-05 | SEC |
| 2026-11-02 | 6-K/A | 2026-10-16 | SEC | |
| 2026-11-02 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-11-02 | SEC |
| 2026-10-21 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-10-21 | SEC |
| 2026-10-16 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-10-16 | SEC |
| 2026-10-16 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-10-16 | SEC |
| 2026-09-30 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-09-30 | SEC |
| 2026-09-29 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-15 | SEC |
| 2026-09-28 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-09-28 | SEC |
| 2026-09-21 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-09-21 | SEC |
| 2026-09-17 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-09-17 | SEC |
| 2026-08-24 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-08-24 | SEC |
| 2026-08-07 | 4/A | 2026-07-21 | SEC | |
| 2026-08-07 | 4/A | 2026-06-12 | SEC | |
| 2026-08-06 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-04 | SEC |
| 2026-08-06 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-08-06 | SEC |
| 2026-08-05 | 4 | Statement of changes in beneficial ownership of securities | 2026-08-03 | SEC |
| 2026-08-04 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-08-04 | SEC |
| 2026-07-31 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-07-31 | SEC |
| 2026-07-23 | 3 | Initial statement of beneficial ownership of securities | 2026-03-18 | SEC |
| 2026-07-23 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-21 | SEC |
| 2026-07-22 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-07-22 | SEC |
| 2026-06-25 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-06-25 | SEC |
| 2026-06-17 | 4 | Statement of changes in beneficial ownership of securities | 2026-06-12 | SEC |
| 2026-06-15 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-06-15 | SEC |
| 2026-05-28 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-05-28 | SEC |
| 2026-05-22 | 3 | Initial statement of beneficial ownership of securities | 2026-03-18 | SEC |
| 2026-05-21 | 6-K | Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 | 2026-05-21 | 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 | 985.91K | 3 | 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 |
|---|---|
| Dauntless Investment Group, LLC | 0.91% |
| Mid-American Wealth Advisory Group, Inc. | 0.35% |
| Zhang Financial LLC | 0.10% |
| GOLDMAN SACHS GROUP INC | 0.09% |
| CITADEL ADVISORS LLC | 0.06% |
| Focus Partners Wealth | 0.06% |
| HSBC HOLDINGS PLC | 0.05% |
| MORGAN STANLEY | 0.04% |
| China Universal Asset Management Co., Ltd. | 0.04% |
| HRT FINANCIAL LP | 0.04% |
Funds
| Fund | % owned |
|---|---|
| Goldman Sachs Absolute Return Tracker Fund | 0.10% |
| Fidelity Nasdaq Composite Index Fund | 0.03% |
| Blackstone Alternative Multi-Strategy Fund | 0.00% |
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