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Futura Medical PLC (GB:FUM)
LSE:FUM

Futura Medical (FUM) AI Stock Analysis

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GB:FUM

Futura Medical

(LSE:FUM)

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Neutral 52 (OpenAI - 5.2)
Rating:52Neutral
Price Target:
1.50 p
▲(21.95% Upside)
Action:N/ADate:01/04/26
The score is held back most by the earnings call’s sharply reduced FY2025 outlook and short cash runway, plus weak technical trend signals. These risks are partially offset by the FY2024 profitability turnaround and a zero-debt balance sheet, though negative free cash flow keeps financial quality mixed.

Futura Medical (FUM) vs. iShares MSCI United Kingdom ETF (EWC)

Futura Medical Business Overview & Revenue Model

Company Description
Futura Medical plc, a pharmaceutical company, develops pharmaceutical and healthcare products for the consumer healthcare markets focusing on sexual health and pain relief management. Its lead product is MED3000, a topical gel for the treatment of...
How the Company Makes Money
Futura Medical makes money primarily by commercializing its ED topical gel (Eroxon/MED3000) via partnerships and distribution agreements rather than operating large-scale in-house sales forces across all markets. Key revenue streams include: (1) L...

Futura Medical Earnings Call Summary

Earnings Call Date:Sep 30, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Apr 15, 2026
Earnings Call Sentiment Negative
The earnings call reflected significant financial and operational challenges with revenue shortfalls, unexpected market performance, and inventory issues. While there are promising R&D developments, these are long-term. Immediate financial pressures and market challenges dominate the current outlook.
Positive Updates
R&D Developments
Futura is advancing two new products: Project Intense and WSD4000. Project Intense aims to enhance sensorial effects for men, with regulatory approval expected by the end of 2025. WSD4000 targets women's sexual response, with significant market potential, though it is expected to launch in the latter half of 2028.
Negative Updates
Revenue Shortfall
Revenues of just over GBP 1 million for H1 2025 fell significantly below expectations, with full-year sales now expected to be between GBP 1.3 million and GBP 1.4 million, far below the initial GBP 5 million projection.
Read all updates
Q2-2025 Updates
Negative
R&D Developments
Futura is advancing two new products: Project Intense and WSD4000. Project Intense aims to enhance sensorial effects for men, with regulatory approval expected by the end of 2025. WSD4000 targets women's sexual response, with significant market potential, though it is expected to launch in the latter half of 2028.
Read all positive updates
Company Guidance
During the investor presentation call for Futura Medical plc, Interim CEO Alex Duggan provided guidance indicating that the company's full-year 2025 performance is expected to fall significantly below market expectations due to challenges in sustaining consumer uptake and lower-than-anticipated repeat sales. Despite launching in seven countries in H1, the initial strong trials did not translate into continued sales, affecting supply volumes and royalty streams. Angela Hildreth reported a revenue of just over GBP 1 million for the first half of 2025, with a gross profit of GBP 0.7 million, but also highlighted a GBP 0.49 million provision for inventory obsolescence. The company incurred an exceptional charge of GBP 3.6 million due to impairment of U.S. plant and equipment, contributing to a loss after tax of GBP 6.6 million. The adjusted loss after tax was GBP 1.9 million, with cash reserves at GBP 3.69 million at the period's end. Full-year sales for 2025 are now projected to be between GBP 1.3 million and GBP 1.4 million, with cash reserves reduced to GBP 2.7 million by the end of August. The company is actively exploring commercial and financing options to extend its cash runway, which currently runs into January 2026.

Futura Medical Financial Statement Overview

Summary
Financial statements show a sharp FY2024 turnaround (revenue +65.8% YoY and positive net income) and a debt-free balance sheet, but cash flow quality is weak with negative FY2024 free cash flow and low cash conversion versus earnings.
Income Statement
72
Positive
Balance Sheet
80
Positive
Cash Flow
46
Neutral
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue7.93M13.93M3.10M0.000.000.00
Gross Profit5.05M9.57M1.77M-24.73K-19.81K-25.01K
EBITDA-6.14M1.41M-6.83M-6.85M-5.85M-2.90M
Net Income-6.29M1.29M-6.51M-5.85M-4.96M-2.41M
Balance Sheet
Total Assets5.49M13.59M11.82M6.47M11.80M1.62M
Cash, Cash Equivalents and Short-Term Investments3.69M6.60M7.71M4.03M10.37M1.02M
Total Debt0.000.000.000.000.000.00
Total Liabilities2.44M4.63M6.34M1.75M2.08M766.52K
Stockholders Equity3.05M8.96M5.48M4.72M9.72M853.54K
Cash Flow
Free Cash Flow-402.30K-1.29M-935.60K-6.52M-4.29M-4.55M
Operating Cash Flow501.43K438.41K570.25K-5.78M-3.87M-4.54M
Investing Cash Flow-903.73K-1.73M-1.43M-740.70K-419.72K-7.45K
Financing Cash Flow181.86K170.91K4.55M169.58K13.65M3.06M

Futura Medical Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
56
Neutral
£25.86M-1.64-197.54%3.31%21.91%
52
Neutral
£6.66M-0.92-115.97%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
49
Neutral
£30.32M-1.92-53.86%
44
Neutral
£25.27M-54.98-10.01%283.74%78.57%
43
Neutral
£5.06M-2.61-2.42%
42
Neutral
£277.75M-1.74-361.23%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:FUM
Futura Medical
1.15
-9.20
-88.93%
GB:AVCT
Avacta Group plc
63.50
28.00
78.87%
GB:OPTI
OptiBiotix Health
4.90
-10.35
-67.87%
GB:SBTX
SkinBioTherapeutics
9.75
-15.25
-61.00%
GB:POLB
Poolbeg Pharma Ltd.
4.30
1.55
56.36%
GB:AREC
Arecor Therapeutics PLC
68.50
26.00
61.18%

Futura Medical Corporate Events

Business Operations and StrategyProduct-Related Announcements
Futura Medical Secures Key US Patent Milestone for Eroxon and Women’s Sexual Health Product
Positive
Feb 5, 2026
Futura Medical has received a notice of allowance for a US continuation patent that will extend protection for its erectile dysfunction gel Eroxon, including derivative formulations such as Eroxon Intense, as well as its women’s sexual healt...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Futura Medical Lifts 2025 Revenue Guidance and Extends Cash Runway to Late 2026
Positive
Feb 4, 2026
Futura Medical reported that unaudited revenue for 2025 is expected to reach £1.7 million, ahead of earlier guidance, and year-end net cash stood at £3.4 million following a £2.75 million fundraise completed in November. The company...
Business Operations and StrategyProduct-Related Announcements
Futura Medical Reports Strong Early Data for WSD4000 Female Sexual Dysfunction Gel
Positive
Jan 12, 2026
Futura Medical has reported highly positive early feasibility results for WSD4000, its topical gel prototype for female sexual dysfunction, in a 12-patient study that showed statistically and clinically significant improvements on the Female Sexua...
Regulatory Filings and Compliance
Futura Medical Confirms Total Voting Rights at 581.3 Million Shares
Neutral
Dec 31, 2025
Futura Medical has confirmed that its total issued share capital stands at 581,327,755 ordinary shares, all of which carry voting rights as the company holds no shares in treasury. This updated share capital and voting rights figure provides a new...
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: Jan 04, 2026