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Ondine Biomedical, Inc.
(LSE:OBI)
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Select Model
Rating:48Neutral
Price Target:
14.50 p
▲(65.71% Upside)
Action:Upgraded
Date:06/08/26
The score is mainly held back by weak financial performance—large losses, falling margins, and worsening cash burn—despite strong revenue growth and low leverage. Technicals are mixed with recent weakness (below the 20-day average and low RSI/Stochastics), and valuation is hard to assess due to negative earnings and no dividend data.
Positive Factors
Strong Revenue Growth
Revenue up ~18% in 2025 signals durable commercial traction in healthcare channels. Sustained top-line growth can enable scale economics, justify ongoing R&D/ commercialization spend, and increase the chance of achieving operating leverage and margin recovery over coming quarters.
Negative Factors
Worsening Cash Burn
Operating cash flow deteriorated to about -£23.9M in 2025, reflecting accelerating cash burn. Persistent negative cash flow raises financing urgency, increases dilution risk from capital raises, and constrains strategic choices unless revenue scales materially or spending is reduced.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Revenue up ~18% in 2025 signals durable commercial traction in healthcare channels. Sustained top-line growth can enable scale economics, justify ongoing R&D/ commercialization spend, and increase the chance of achieving operating leverage and margin recovery over coming quarters.
Read all positive factors
Ondine Biomedical, Inc. (OBI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£76.46M
Dividend YieldN/A
Average Volume (3M)160.07K
Price to Earnings (P/E)―
Beta (1Y)0.21
Revenue Growth22.87%
EPS Growth13.35%
CountryUK
Employees18
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-0.06
Shares Outstanding518,366,940
10 Day Avg. Volume119,918
30 Day Avg. Volume160,072
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)21.53
Price to Sales (P/S)28.32
P/FCF Ratio-3.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.04
Revenue Forecast (FY)£12.20M
Ondine Biomedical, Inc. Business Overview & Revenue Model
Company Description
Ondine Biomedical Inc., a life sciences firm, specializes in the research, development, and commercialization of advanced antimicrobial photodisinfection therapies, operating both within Canada and internationally. Its foundational technology is P...
How the Company Makes Money
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Ondine Biomedical, Inc. Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
56
Neutral
Cash Flow
20
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.65M | 2.05M | 1.20M | 638.00K | 2.57M |
| Gross Profit | 1.09M | 1.32M | 703.00K | 287.00K | 1.25M |
| EBITDA | -29.45M | -18.49M | -13.79M | -18.85M | -48.36M |
| Net Income | -29.59M | -19.10M | -14.41M | -19.37M | -50.09M |
Balance Sheet | |||||
| Total Assets | 14.40M | 12.82M | 5.73M | 16.57M | 34.14M |
| Cash, Cash Equivalents and Short-Term Investments | 10.58M | 9.77M | 2.98M | 13.13M | 30.36M |
| Total Debt | 413.50K | 168.00K | 541.00K | 896.00K | 739.00K |
| Total Liabilities | 10.91M | 5.95M | 3.65M | 4.92M | 4.48M |
| Stockholders Equity | 3.49M | 6.88M | 2.08M | 11.64M | 29.66M |
Cash Flow | |||||
| Free Cash Flow | -24.02M | -15.50M | -13.83M | -16.66M | -12.62M |
| Operating Cash Flow | -23.90M | -15.49M | -13.65M | -16.34M | -12.54M |
| Investing Cash Flow | -117.28K | -10.00K | -177.00K | -311.00K | -77.00K |
| Financing Cash Flow | 24.28M | 21.74M | 3.79M | -275.00K | 41.90M |
Ondine Biomedical, Inc. Technical Analysis
Positive
8.75
Price Trends
13.75
Positive
12.00
Positive
11.72
Positive
Market Momentum
0.27
Negative
61.83
Neutral
83.88
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:OBI, the sentiment is Positive. The current price of 8.75 is below the 20-day moving average (MA) of 14.15, below the 50-day MA of 13.75, and below the 200-day MA of 11.72, indicating a bullish trend. The MACD of 0.27 indicates Negative momentum. The RSI at 61.83 is Neutral, neither overbought nor oversold. The STOCH value of 83.88 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:OBI.
Ondine Biomedical, Inc. Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
54 Neutral | £47.59M | -7.26 | -55.47% | ― | ― | 19.83% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
50 Neutral | £370.04M | -8.49 | -2929.47% | ― | ― | ― | |
49 Neutral | £1.21B | -8.41 | -29.43% | ― | 22.22% | 7.19% | |
48 Neutral | £76.46M | -4.32 | -1411.54% | ― | 22.87% | 13.35% | |
47 Neutral | £31.75M | -68.06 | -5.25% | ― | 95.16% | 85.60% | |
43 Neutral | £81.30M | -4.82 | -116.21% | ― | 81.46% | -15.88% |
* Healthcare Sector Average
GB:OBI
Ondine Biomedical, Inc.
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3.51%
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Ondine Biomedical, Inc. Corporate Events
Business Operations and StrategyProduct-Related Announcements
Ondine Nears Top-Line Data from Landmark Phase 3 Study of Nasal Photodisinfection
Positive
Jun 22, 2026
Ondine Biomedical has announced progress in its LANTERN Phase 3 pivotal trial evaluating its non-antibiotic nasal photodisinfection technology for reducing surgical site infections. Endpoint adjudication is complete, principal investigators are fi...
Business Operations and StrategyProduct-Related Announcements
Ondine’s nasal photodisinfection cuts infections in complex brain surgery
Positive
Jun 18, 2026
Ondine Biomedical reported interim results from a 189-patient study at Leeds Teaching Hospitals showing that its Steriwave nasal photodisinfection, applied immediately before complex brain surgery performed through the nose, reduced surgical site ...
Business Operations and StrategyExecutive/Board Changes
Ondine Biomedical Expands Equity Incentives Ahead of Key FDA Milestone
Positive
Jun 8, 2026
Ondine Biomedical has granted 3,121,471 restricted share units to employees and executive directors, with vesting tied to U.S. FDA marketing approval for its nasal photodisinfection therapy, representing about 0.56% of current share capital. The c...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Ondine Biomedical lifts revenue and funding as Phase 3 trial nears climax
Positive
Jun 4, 2026
Ondine Biomedical, a Canadian photodisinfection specialist focused on hospital infection prevention, is building a portfolio around its Steriwave nasal decolonisation product and related light-activated antimicrobial therapies. The company is targ...
Business Operations and StrategyShareholder Meetings
Ondine Biomedical Sets Virtual 2026 AGM to Confirm Board and Auditor
Neutral
Jun 4, 2026
Ondine Biomedical Inc. has published the notice and proxy materials for its 2026 Annual General Meeting, which will be held virtually on 30 June 2026 at 16:00 BST, with shareholders encouraged to vote in advance via proxy. The meeting agenda inclu...
Business Operations and StrategyFinancial Disclosures
Ondine Biomedical sets date for 2025 results and investor presentation
Positive
May 28, 2026
Ondine Biomedical Inc., a Canadian life sciences company, develops proprietary photodisinfection-based antimicrobial therapies, with a commercial nasal decolonisation system, Steriwave, already approved in several key markets outside the U.S. and ...
Business Operations and Strategy
Ondine Highlights Feasibility Data on Nasal Photodisinfection in ICU Patients
Positive
May 26, 2026
Ondine Biomedical reported that results from its SMURF feasibility pilot study, examining implementation of a nasal photodisinfection protocol in critically ill patients, were presented at the 2026 Canadian Society of Respiratory Therapists confer...
Business Operations and StrategyProduct-Related Announcements
Ondine Showcases Steriwave Infection-Reduction Data at UK IPC 2026 Conference
Positive
Apr 30, 2026
Ondine Biomedical, a developer of light-activated antimicrobial therapies, highlighted new clinical and economic data on its Steriwave nasal photodisinfection system at the Infection Prevention and Control Conference 2026 in Birmingham. The compan...
Business Operations and StrategyPrivate Placements and Financing
Ondine Biomedical Raises £5 Million to Advance Steriwave Toward FDA Submission
Positive
Apr 29, 2026
Ondine Biomedical has raised £5 million (C$9.23 million) through a placing and subscription of 41,666,667 new common shares at 12p, with strong backing from existing shareholders and participation by several directors, some subscribing in lie...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Ondine Biomedical launches £5m share issue to fund NDA push and extend cash runway
Positive
Apr 28, 2026
Ondine Biomedical plans to raise about £5 million through a non‑underwritten placing and subscription of new common shares at 12 pence, with directors and certain employees participating, and an additional c.£0.3 million to be rais...
Business Operations and StrategyProduct-Related Announcements
Ondine ICU Photodisinfection Study Gains National Stage with Strong Pneumonia-Reduction Data
Positive
Apr 27, 2026
Ondine Biomedical’s Steriwave nasal photodisinfection ICU study has been selected for both oral and poster presentation at the Canadian Critical Care Nursing Conference, elevating the profile of its non-antibiotic technology among nursing le...
Business Operations and StrategyProduct-Related Announcements
Ondine’s Steriwave Cuts Cardiac Surgery Infections at Ottawa Heart Institute
Positive
Apr 23, 2026
Ondine Biomedical reported that the University of Ottawa Heart Institute significantly reduced surgical site infections in cardiac surgery patients after adding Steriwave nasal photodisinfection to its pre-surgical protocol, compared with a prior ...
Business Operations and StrategyProduct-Related Announcements
Ondine to Spotlight Long-Term Infection Control Gains from Steriwave at Global Congress
Positive
Apr 22, 2026
Ondine Biomedical Inc. will present two new research abstracts at the 2026 World Congress on Infectious Diseases in Barcelona, showcasing long-term clinical and economic data on its Steriwave light-activated antimicrobial technology in surgical se...
Business Operations and Strategy
Ondine’s Steriwave cuts ICU pneumonia in pilot study, signalling potential shift in infection control
Positive
Apr 14, 2026
Royal Columbian Hospital Foundation’s Advancing Innovation in Medicine team has published a landmark ICU feasibility pilot study showing that Ondine Biomedical’s Steriwave nasal photodisinfection achieved a 39.5% reduction in pneumonia...
Business Operations and StrategyFinancial Disclosures
Ondine Biomedical readies for next growth phase with Phase 3 completion and 29% revenue rise
Positive
Apr 13, 2026
Ondine Biomedical reported significant clinical and commercial momentum for its Steriwave nasal photodisinfection platform as it prepares for its next growth phase. The company has completed patient enrolment of more than 5,000 participants across...
Business Operations and StrategyProduct-Related Announcements
Ondine Study on ICU Nasal Photodisinfection Wins Acceptance in Journal of Critical Care
Positive
Apr 8, 2026
Ondine Biomedical, a Canadian life sciences company focused on light-activated antimicrobial photodisinfection therapies, has developed its Steriwave nasal decolonisation system, which is approved in multiple countries and progressing through U.S....
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.