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ANGLE plc (GB:AGL)
:AGL
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ANGLE plc (AGL) AI Stock Analysis

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GB:AGL

ANGLE plc

(AGL)

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Underperform 40 (OpenAI - 4o)
Rating:40Underperform
Price Target:
$2.50
▲(35.14% Upside)
ANGLE plc's overall stock score is primarily impacted by its poor financial performance, with declining revenues and profitability issues being the most significant factors. Technical analysis also indicates a bearish trend, and the valuation is unattractive due to a negative P/E ratio. While the earnings call provided some positive developments, these are overshadowed by the financial and market challenges.
Positive Factors
Pharma Collaborations
These collaborations validate the Parsortix system's utility and enhance ANGLE's credibility, potentially leading to more partnerships and revenue opportunities.
MedTech Collaboration
This collaboration offers potential for large-scale commercialization, expanding market reach and driving long-term revenue growth.
Cost Management
Effective cost management extends cash runway, supporting ongoing operations and strategic initiatives without immediate financial strain.
Negative Factors
Revenue Decline
Declining revenue indicates market challenges and slower decision-making, potentially impacting future growth and financial stability.
Need for Additional Funding
The need for additional funding highlights potential liquidity issues, which could limit operational flexibility and investment in growth initiatives.
Negative Profitability Metrics
Ongoing operational inefficiencies and negative profitability metrics suggest challenges in achieving sustainable profitability, impacting long-term viability.

ANGLE plc (AGL) vs. iShares MSCI United Kingdom ETF (EWC)

ANGLE plc Business Overview & Revenue Model

Company Description
How the Company Makes MoneyANGLE plc generates revenue through the sale of its Parsortix systems and related consumables, including the CTC harvesting kits. The company also earns income from service contracts, collaborations with academic institutions, and pharmaceutical companies engaged in research and clinical trials. Significant partnerships with industry leaders enhance ANGLE's market presence and contribute to its earnings, as they facilitate access to larger client bases and shared research initiatives. Furthermore, ANGLE may also benefit from licensing agreements for its technologies, which can provide additional revenue streams.

ANGLE plc Earnings Call Summary

Earnings Call Date:Sep 09, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Apr 23, 2026
Earnings Call Sentiment Neutral
ANGLE's earnings call presented a balanced outlook with significant achievements in pharma collaborations and technology development, but also faced challenges from adverse market conditions affecting revenue and the need for additional funding.
Q2-2025 Updates
Positive Updates
Successful Completion of Large Pharma Projects
ANGLE successfully completed three large pharma projects with Eisai and AstraZeneca, demonstrating the utility of the Parsortix system in HER2 breast cancer trials and developing assays for DNA Damage Response and Androgen Receptor.
MedTech Collaboration with Myriad Genetics
ANGLE announced its first large medtech collaboration with Myriad Genetics, offering potential for large-scale commercialization of the Parsortix system.
Development of DNA Dual Analysis
A major achievement was the development of the DNA dual analysis, Illumina, end-to-end NGS assay, which identifies twice as many mutations as ctDNA alone.
Accreditation Progress for Clinical Lab
ANGLE is making good progress on accrediting its clinical lab, targeting completion by the end of the year, which would enable offering tests directly for patient management.
Negative Updates
Revenue Decline Due to Market Conditions
Pharma revenue was down and product revenue was flat due to market volatility and tariff concerns, resulting in slowed decision-making and a delay in conversion of pipeline opportunities.
Need for Additional Funding
Despite managing costs and reducing operating expenditure by 12%, ANGLE acknowledges the need for additional funding due to cash runway ending in Q1 2026.
Company Guidance
During the ANGLE 2025 Interim Results Call, CEO Andrew Newland provided comprehensive guidance on the company's financial and operational progress for the first half of the fiscal year. Despite facing adverse market conditions that pressured revenue, with pharma revenue down and product revenue flat compared to the prior year, ANGLE has made significant strides in commercialization and development. Key achievements include the completion of three major pharma projects with Eisai and AstraZeneca, the development of the DNA dual analysis using Illumina's NGS assay, and the commencement of a collaboration with Myriad Genetics for large-scale commercialization of the Parsortix system. The company has maintained tight cost control, reducing operating expenditure by 12%, and holds a cash position of GBP 6.6 million, with a runway extending into Q1 2026. Despite the challenging environment, ANGLE anticipates further developments with multiple large pharma and med tech companies and is actively pursuing additional funding sources to ensure continued growth and innovation in its cancer diagnostic solutions.

ANGLE plc Financial Statement Overview

Summary
ANGLE plc is in a growth phase with improving revenues but persistent profitability challenges. The balance sheet shows a solid equity position with manageable leverage. However, negative cash flows highlight operational inefficiencies and the need for financial support.
Income Statement
35
Negative
ANGLE plc has shown moderate revenue growth over the past years, with a significant increase from $762,000 in 2020 to $2,862,000 in 2024. Gross profit margins have improved, but the net profit margin remains negative due to substantial operating losses. EBIT and EBITDA margins are also negative, indicating challenges in achieving operational profitability. The company is still in a growth phase, focusing on revenue increase while managing high operational costs.
Balance Sheet
45
Neutral
The balance sheet of ANGLE plc indicates a stable equity base with a debt-to-equity ratio below industry averages, suggesting conservative leverage usage. The equity ratio remains strong, but declining cash reserves and increasing liabilities pose potential liquidity concerns. Overall, while the company has a solid equity foundation, monitoring cash and liabilities is crucial.
Cash Flow
40
Negative
Operating cash flows remain negative, reflecting ongoing operational challenges. Although there is a slight improvement in free cash flow over the years, it remains negative, indicating the need for external financing to support operations. The cash flow to net income ratios are not favorable, underscoring difficulties in generating sufficient cash from operations.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue2.62M2.86M2.19M1.04M1.01M762.00K
Gross Profit1.63M1.78M-408.00K613.00K711.00K597.00K
EBITDA-15.60M-13.02M-19.48M-22.06M-15.74M-12.29M
Net Income-15.78M-14.22M-20.13M-21.69M-15.01M-11.61M
Balance Sheet
Total Assets18.08M25.46M31.18M49.87M47.31M39.05M
Cash, Cash Equivalents and Short-Term Investments5.27M10.43M16.22M31.90M31.84M28.62M
Total Debt3.67M4.21M4.55M5.00M2.34M1.36M
Total Liabilities6.39M7.02M8.24M9.80M6.99M4.71M
Stockholders Equity11.69M18.44M22.94M40.06M40.33M34.34M
Cash Flow
Free Cash Flow-11.62M-13.89M-15.12M-17.94M-15.80M-8.35M
Operating Cash Flow-11.25M-13.45M-14.46M-16.05M-14.01M-7.85M
Investing Cash Flow-491.50K-48.00K-203.00K-1.75M14.77M-1.97M
Financing Cash Flow-2.05M7.67M-1.13M18.10M18.99M18.14M

ANGLE plc Technical Analysis

Technical Analysis Sentiment
Negative
Last Price1.85
Price Trends
50DMA
3.41
Negative
100DMA
4.85
Negative
200DMA
7.51
Negative
Market Momentum
MACD
-0.25
Negative
RSI
43.71
Neutral
STOCH
36.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AGL, the sentiment is Negative. The current price of 1.85 is below the 20-day moving average (MA) of 2.17, below the 50-day MA of 3.41, and below the 200-day MA of 7.51, indicating a bearish trend. The MACD of -0.25 indicates Negative momentum. The RSI at 43.71 is Neutral, neither overbought nor oversold. The STOCH value of 36.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:AGL.

ANGLE plc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
59
Neutral
£17.58M-90.48%37.39%-126.19%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
51
Neutral
£10.04M125.37%22.47%
46
Neutral
£9.46M-0.26-122.54%-57.03%-15.71%
40
Underperform
£5.92M-1.5612.19%18.12%
40
Underperform
-87.18%29.64%28.51%
39
Underperform
£8.18M-1.23-181.41%12.12%54.24%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:AGL
ANGLE plc
2.10
-7.90
-79.00%
GB:GDR
Genedrive
1.02
-1.06
-50.96%
GB:PRM
Proteome Sciences
1.60
-1.11
-40.96%
GB:VRCI
Verici Dx Plc
0.70
-2.42
-77.56%
GB:ABDX
Abingdon Health PLC
6.75
-0.25
-3.57%
GB:GENI
GENinCode UK Ltd.
2.15
-2.10
-49.41%

ANGLE plc Corporate Events

Business Operations and StrategyExecutive/Board Changes
ANGLE plc Strengthens Leadership with Key Appointments
Positive
Oct 16, 2025

ANGLE plc has announced key appointments to strengthen its management team, naming Peter Collins as interim CEO and Klaas de Boer as a senior board advisor. Collins brings over 25 years of experience in oncology diagnostics, while de Boer’s expertise in finance and technology will support the company’s restructuring and funding efforts. These strategic hires are expected to enhance ANGLE’s operational capabilities and market positioning as it undergoes significant organizational changes.

The most recent analyst rating on (GB:AGL) stock is a Sell with a £2.50 price target. To see the full list of analyst forecasts on ANGLE plc stock, see the GB:AGL Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
ANGLE plc Announces Strategic Shift and Name Change to CelLBxHealth
Neutral
Oct 8, 2025

ANGLE plc has announced a strategic shift, including a name change to CelLBxHealth plc, under the leadership of Dr. Jan Groen as Executive Chairman. The revised strategy aims to enhance the company’s focus on CTC intelligence, improve commercial traction, and maintain cost control, with a potential need to raise funds by Q1 2026. The company plans to capitalize on its Parsortix platform by developing applications that integrate with existing proteomics and genomic assays, targeting the pharmaceutical services and clinical diagnostics markets.

The most recent analyst rating on (GB:AGL) stock is a Sell with a £2.50 price target. To see the full list of analyst forecasts on ANGLE plc stock, see the GB:AGL Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
ANGLE plc’s Parsortix System Shows Promise in Glioblastoma CTC Detection
Positive
Sep 29, 2025

ANGLE plc announced promising results from a proof-of-concept study using its Parsortix system to detect circulating tumor cells (CTCs) in glioblastoma patients. The study, presented at the 7th ACTC meeting, demonstrated that CTCs were detected in 60% of patients, with CTC clusters observed in 78% of CTC-positive cases, highlighting the system’s potential for minimally invasive monitoring. This advancement could significantly impact the treatment and monitoring of glioblastoma, offering new opportunities for targeted therapies and aiding pharmaceutical companies in drug development.

The most recent analyst rating on (GB:AGL) stock is a Hold with a £4.00 price target. To see the full list of analyst forecasts on ANGLE plc stock, see the GB:AGL Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
ANGLE plc’s Parsortix System Shows Promise in Glioblastoma CTC Detection
Positive
Sep 29, 2025

ANGLE plc announced promising results from a proof-of-concept study presented at the ACTC meeting, demonstrating the effectiveness of their Parsortix system in detecting circulating tumour cells (CTCs) in glioblastoma patients. This breakthrough could enable minimally invasive, real-time monitoring of tumour biology and disease progression, potentially transforming treatment approaches and supporting drug development in this high-need area.

The most recent analyst rating on (GB:AGL) stock is a Hold with a £4.00 price target. To see the full list of analyst forecasts on ANGLE plc stock, see the GB:AGL Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
ANGLE plc Announces Leadership Reshuffle Amid Strategic Discussions
Negative
Sep 12, 2025

ANGLE plc announced significant board changes following discussions with a major shareholder, leading to the resignation of Chief Executive Andrew Newland and Finance Director Ian Griffiths. The company remains committed to ensuring a smooth transition, with Dr. Jan Groen and Dr. Joseph Eid continuing as non-executive members of the board. These changes may impact ANGLE’s strategic direction and stakeholder confidence, as the company plans to expand its board in the future.

The most recent analyst rating on (GB:AGL) stock is a Hold with a £4.00 price target. To see the full list of analyst forecasts on ANGLE plc stock, see the GB:AGL Stock Forecast page.

ANGLE plc Earnings Call: Progress Amid Challenges
Sep 10, 2025

ANGLE plc’s recent earnings call painted a picture of both progress and challenges. The company highlighted significant achievements in pharmaceutical collaborations and technology advancements, yet acknowledged the hurdles posed by adverse market conditions impacting revenue and the necessity for additional funding.

Business Operations and StrategyFinancial Disclosures
ANGLE plc Reports Interim Results Amid Market Challenges and Strategic Advances
Neutral
Sep 9, 2025

ANGLE plc reported interim results for the first half of 2025, highlighting successful completion of contracts with major pharma companies like Eisai and AstraZeneca, despite facing revenue pressures due to adverse market conditions. The company has developed a unique DNA dual analysis assay using Illumina NGS, expanding its market reach and enhancing its product offerings. ANGLE continues to face challenges from external conditions such as US policy volatility and tariff uncertainties, which have delayed new projects and collaborations. However, the company remains optimistic about its growth potential with ongoing discussions for new contracts and collaborations, including a significant partnership with Myriad Genetics to adapt a cancer test to a CTC-based sample using ANGLE’s Parsortix system.

The most recent analyst rating on (GB:AGL) stock is a Hold with a £6.50 price target. To see the full list of analyst forecasts on ANGLE plc stock, see the GB:AGL Stock Forecast page.

Business Operations and Strategy
ANGLE plc Appoints Cavendish as Nominated Adviser and Sole Broker
Positive
Sep 9, 2025

ANGLE plc has appointed Cavendish Capital Markets Limited as its Nominated Adviser and Sole Broker, effective immediately. This strategic move is expected to enhance ANGLE’s market positioning and potentially impact its operations positively by leveraging Cavendish’s expertise in corporate finance and life sciences, benefiting stakeholders and supporting the company’s growth in the liquid biopsy industry.

The most recent analyst rating on (GB:AGL) stock is a Hold with a £6.50 price target. To see the full list of analyst forecasts on ANGLE plc stock, see the GB:AGL Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
ANGLE plc to Announce Interim Results Amid Virtual Meeting
Neutral
Sep 5, 2025

ANGLE plc announced it will release its interim results for the first half of 2025 on September 9, 2025. Due to planned tube strikes, the analyst meeting will be held virtually, with a live webcast available for analysts. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and strategic direction, potentially impacting its market positioning in the liquid biopsy industry.

The most recent analyst rating on (GB:AGL) stock is a Hold with a £6.50 price target. To see the full list of analyst forecasts on ANGLE plc stock, see the GB:AGL Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
ANGLE plc Collaborates with Myriad Genetics to Enhance Cancer Diagnostics
Positive
Aug 20, 2025

ANGLE plc has announced a collaboration with Myriad Genetics to assess the feasibility of using Parsortix-derived circulating tumour cell (CTC) DNA alongside Myriad’s existing tissue-based diagnostic test. This partnership aims to enhance patient treatment by improving access to genomic data through a simple blood test, potentially impacting the precision medicine field significantly.

The most recent analyst rating on (GB:AGL) stock is a Hold with a £5.50 price target. To see the full list of analyst forecasts on ANGLE plc stock, see the GB:AGL Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 29, 2025