Imunon (IMNN) AI Stock Analysis

• Market Cap: $15.42M
• Dividend Yield: N/A
• Average Volume (3M): 158.62K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.12
• Revenue Growth: N/A
• EPS Growth: 24.16%
• Country: US
• Employees: 25
• Sector: Healthcare
• Sector Strength: 62
• Industry: Biotechnology
• EPS (TTM): -1.65
• Shares Outstanding: 14,620,732
• 10 Day Avg. Volume: 174,536
• 30 Day Avg. Volume: 158,617
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -0.80
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $14.00
• Price Target Upside: 1233.33% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Imunon's financial instability, characterized by negative revenue and high leverage, is a critical concern. While technical indicators show some bullish momentum, the valuation remains unattractive due to negative earnings. The positive clinical developments offer potential, but funding challenges need addressing to sustain progress.

Positive Factors

Clinical Trial Results

Improved overall survival hazard ratio and increased survival benefit have been shown with IMNN-001 treatment.

Cost Management

Imunon's cost-effective approach, including in-house manufacturing and competitive pricing, has allowed it to beat internal cost projections for the trial.

Regulatory Approval

Imunon has full FDA alignment for its OVATION 3 trial, which is a positive development for advancing their study.

Negative Factors

Funding Challenges

The company has sufficient funding to initiate the Phase 3 program though will need to raise additional capital in 2025.

Market Competition

The trial is set to enroll approximately 500 women with ovarian cancer and will be a broad trial including both BRCA+/HRD and BRCA-/HRP patients, indicating potential competition with other treatments targeting similar populations.

Imunon Business Overview & Revenue Model

Company Description

Imunon, Inc., a clinical stage biotechnology company, focuses on the development and commercialization of DNA-based immunotherapies, vaccines, and directed chemotherapies. Its product pipeline includes GEN-1, a DNA-based immunotherapy for the localized treatment of ovarian cancer; and ThermoDox, a proprietary heat-activated liposomal encapsulation of doxorubicin, which is in development stage for various cancer indications. The company also has two feasibility stage platform technologies for the development of nucleic acid-based immunotherapies, vaccines, and other anti-cancer DNA or RNA therapies. The company was formerly known as Celsion Corporation and changed its name to Imunon, Inc. in September 2022. Imunon, Inc. was founded in 1982 and is based in Lawrenceville, New Jersey.

How the Company Makes Money

Imunon generates revenue primarily through the development and commercialization of its proprietary therapeutic and vaccine solutions. The company may engage in licensing agreements, where it partners with other pharmaceutical or biotechnology firms to co-develop or distribute its products, thereby earning licensing fees and royalties. Additionally, Imunon may receive funding from government grants or research collaborations, which contribute to its research and development efforts. By advancing its pipeline of candidates through clinical trials and achieving regulatory approvals, Imunon positions itself to earn revenue from product sales, either directly or through strategic partnerships.

Imunon Financial Statement Overview

Summary

Imunon faces significant financial challenges, including consistently negative revenue, profitability, and cash flow metrics. The high leverage and negative returns further exacerbate financial instability, requiring strategic restructuring to improve financial health.

Income Statement

Imunon has consistently reported zero or negative revenue over the past years. Gross profit margins are nonexistent, with significant net losses indicating severe profitability issues. EBIT and EBITDA margins are deeply negative, showing a lack of operational efficiency. There is no evidence of revenue growth, suggesting challenges in achieving market penetration or product commercialization.

Balance Sheet

The company exhibits a relatively high debt-to-equity ratio, indicating reliance on debt financing. Return on Equity (ROE) is negative, reflecting ongoing net losses. The equity ratio shows some equity presence but is overshadowed by continuous financial strain. The balance sheet stability is questionable due to high leverage and negative equity returns.

Cash Flow

Operating cash flow is consistently negative, reflecting poor cash generation from operations. Free cash flow is also negative, indicating insufficient cash to cover capital expenditures. Despite some positive financing and investing cash flow activities, the company's overall cash flow position is weak, raising concerns about liquidity and future operational funding.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
0.00	0.00	500.00K	500.00K	500.00K
	Gross Profit
0.00	-720.00K	-231.63K	-202.92K	-10.84M
	EBIT
-19.13B	-21.03M	-24.92M	-21.01M	-18.49M
	EBITDA
-19.13B	-19.88M	-31.71M	-20.88M	-21.30M
	Net Income Common Stockholders
-18.62B	-19.51M	-35.90M	-20.77M	-21.48M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
5.87M	15.70M	32.88M	49.50M	17.16M
	Total Assets
9.72M	21.92M	43.98M	74.05M	37.53M
	Total Debt
1.14B	1.62M	6.27M	6.63M	6.19M
	Net Debt
1.14B	-4.21M	-5.23M	-12.95M	-10.97M
	Total Liabilities
5.47M	8.53M	14.65M	18.25M	18.92M
	Stockholders Equity
4.24B	13.39M	29.33M	55.80M	18.61M
Cash Flow		Free Cash Flow
-18.88B	-19.47M	-23.40M	-16.54M	-15.64M
	Operating Cash Flow
-18.85B	-19.02M	-23.13M	-16.22M	-15.62M
	Investing Cash Flow
9.83B	11.01M	8.32M	-30.12M	7.92M
	Financing Cash Flow
9.06B	-3.64M	6.72M	54.77M	17.98M

Imunon Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IMNN, the sentiment is Positive. The current price of 1.05 is above the 20-day moving average (MA) of 0.96, above the 50-day MA of 0.92, and above the 200-day MA of 1.01, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 60.60 is Neutral, neither overbought nor oversold. The STOCH value of 63.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IMNN.

Imunon Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AVXL	62 Neutral	$682.21M	―	-37.72%	―	―	-3.08%
Sector *	48 Neutral	$6.86B	1.11	-50.22%	2.47%	16.71%	1.53%
IMNN	42 Neutral	$15.42M	―	-211.21%	―	―	24.16%
IMUX	36 Underperform	$98.19M	―	-424.44%	―	―	51.02%
EPIX	32 Underperform	$69.25M	―	-23.98%	―	―	-19.93%
BYSI	30 Underperform	$65.31M	―	78.44%	―	―	―

Imunon Corporate Events

Imunon Appoints Dr. Douglas Faller as CMO

On February 18, 2025, IMUNON appointed Dr. Douglas Faller as Chief Medical Officer to lead the company’s clinical strategy, including advancing its lead program IMNN-001 into a Phase 3 trial for advanced ovarian cancer. Dr. Faller brings over 30 years of experience in oncology and immunology, and his appointment is expected to bolster IMUNON’s efforts in progressing its pipeline of non-viral DNA-based immunotherapies, leveraging his expertise to drive clinical programs and potential commercialization.