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RenovoRx (RNXT)
NASDAQ:RNXT
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RenovoRx
(NASDAQ:RNXT)
Rating:49Neutral
Price Target:―
Positive Factors
Clinical Trial Progress
Johns Hopkins commenced patient enrollment in the ongoing P3 TIGeR-PaC trial, strengthening the clinical sites participating in the trial across the US.
Interim Analysis Results
Positive interim analysis results suggest a 6-month potential improvement in median overall survival with RenovoGem, and no safety concerns were observed.
Market Potential
RenovoRx has a significant market potential with its focus on Locally Advanced Pancreatic Cancer, one of the deadliest cancers with very poor prognosis and outcomes.
Negative Factors
Financial Performance
For 1Q25, the company reported $197,000 in revenue and a net loss of $0.08 per diluted share, compared to an estimate of $335,000 and a net loss of $0.07 per diluted share.
Revenue Estimates
RenovoCath recorded $197K in the first full quarter of commercialization, with orders from more than 10 medical centers not participating in the ongoing Phase 3 TIGeR-PaC study.
Stock Valuation
The company reported a net loss of $0.40 per diluted share for the fourth quarter.
RenovoRx (RNXT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$47.54M
Dividend YieldN/A
Average Volume (3M)133.10K
Price to Earnings (P/E)―
Beta (1Y)1.25
Revenue GrowthN/A
EPS Growth61.43%
CountryUS
Employees10
SectorHealthcare
Sector Strength37
IndustryBiotechnology
Share Statistics
EPS (TTM)-0.08
Shares Outstanding36,572,230
10 Day Avg. Volume133,903
30 Day Avg. Volume133,102
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)3.21
Price to Sales (P/S)0.00
P/FCF Ratio-4.77
Enterprise Value/Market Cap0.71
Enterprise Value/Revenue119.71
Enterprise Value/Gross Profit232.05
Enterprise Value/Ebitda-0.96
Forecast
1Y Price Target
$5.50Price Target Upside333.07% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
RenovoRx Business Overview & Revenue Model
Company DescriptionRenovoRx, Inc., a clinical-stage biopharmaceutical company, focuses on developing therapies for the treatment of solid tumors. Its lead product candidate is RenovoGem, a drug and device combination consisting of intra-arterial gemcitabine and RenovoCath that is in Phase III clinical trials for the locally advanced pancreatic cancer. RenovoRx, Inc. was founded in 2009 and is headquartered in Los Altos, California.
How the Company Makes MoneyRenovoRx generates revenue primarily through the development and commercialization of its RenovoTAMP therapy platform. The company aims to monetize its technology through licensing agreements with pharmaceutical companies and healthcare institutions. Additionally, RenovoRx seeks to establish partnerships and collaborations to further develop its therapeutic applications, which can lead to milestone payments and royalties. The company's financial strategy may also include seeking funding through public and private investments to support ongoing research and development efforts.
RenovoRx Earnings Call Summary
Earnings Call Date:May 15, 2025
(Q1-2025)
| % Change Since: 14.41%|
Next Earnings Date:Aug 14, 2025
Earnings Call Sentiment Positive
The earnings call was predominantly positive, with strong clinical trial results, better-than-expected first-quarter revenue, and robust demand for RenovoCath. However, there were some increases in operating expenses and limited international market presence.Q1-2025 Updates
Positive Updates
Encouraging Clinical Trial Results
The ongoing Phase 3 TIGeR-PaC clinical trial showed that patients experienced median overall survival of 16 months with the targeted approach, compared to 10 months with standard chemotherapy. Additionally, there was a 65% reduction in adverse events such as nausea and fatigue.
First Quarter Revenue Exceeds Expectations
RenovoRx reported approximately $200,000 in revenue from the RenovoCath device, exceeding initial expectations and marking the company's first quarter of commercial sales.
Strong Market Interest and Demand
There is strong organic demand for RenovoCath, with more than 10 new medical institutions initiating purchase orders and repeat orders from initial customers.
New U.S. Patent Issued
RenovoRx announced the issuance of a new U.S. patent for their TAMP therapy platform, further enhancing their intellectual property portfolio.
Financial Stability
The company has $14.6 million in cash, expected to fully fund the RenovoCath scale-up and the Phase 3 TIGeR-PaC clinical trial.
Negative Updates
Increased Operating Expenses
Research and development expenses increased by $0.4 million to $1.7 million, and selling, general, and administrative expenses rose by $0.4 million to $1.6 million, primarily due to increased personnel costs and commercialization efforts.
Limited Current International Market Presence
Currently, there is no CE mark for RenovoCath, and international market expansion is not expected until later in the year or potentially next year.
Company Guidance
During the RenovoRx Q1 2025 financial call, the company highlighted several key metrics and guidance for the future. RenovoRx reported its first revenue of approximately $200,000 from the sale of its FDA-cleared RenovoCath device, surpassing initial expectations. This revenue marks the beginning of commercial sales for the device, which is part of a broader strategy to expand its market presence, targeting a potential U.S. sales opportunity of $400 million annually. The ongoing Phase 3 TIGeR-PaC clinical trial demonstrated promising results, with patients showing a median overall survival of 16 months using the targeted therapy, compared to 10 months with standard chemotherapy, and a significant 65% reduction in adverse events. Research and development expenses increased to $1.7 million from $1.3 million in Q1 2024, driven by enhanced employee compensation and manufacturing costs, while selling, general, and administrative expenses rose to $1.6 million from $1.2 million. The company has $14.6 million in cash, which is expected to fund ongoing clinical trials and commercial scale-up. Looking forward, RenovoRx anticipates continued revenue growth and is exploring strategic partnerships to enhance market penetration.RenovoRx Financial Statement Overview
Summary
RenovoRx is facing significant financial challenges, with persistent losses and negative cash flows. Despite improvements in revenue and equity, the company's core operations remain unprofitable, and it heavily relies on external financing. The balance sheet shows some asset management improvements, but the overall financial health is fragile, with high operational losses posing a significant risk.Income Statement
RenovoRx shows a slight improvement in revenue with $43,000 reported in the latest year. However, the company faces a challenging profitability situation with a negative net income of $8.8 million and negative EBIT and EBITDA margins, indicating significant operational losses. The gross profit margin is also concerning as it demonstrates no cost of goods sold, which reflects no substantial revenue activities.30
Negative
Balance Sheet
The balance sheet highlights a modest improvement in stockholders' equity, now at $4.48 million, up from a negative position. However, the company maintains a high leverage with a debt-to-equity ratio of 0.05, which could be considered low in relative terms but is risky in the context of negative profitability. The equity ratio is positive, indicating a shift towards better asset management, but overall financial stability remains a concern.40
Negative
Cash Flow
Operating cash flow remains negative at $9.13 million, showing consistent cash outflows from operations. Free cash flow is similarly negative, reflecting the company's reliance on financing activities to sustain operations. This cash flow instability poses a risk to long-term sustainability, despite substantial financing inflows in the past year.35
Negative
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 43.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 43.00K | 0.00 | -6.00K | -9.00K | 0.00 |
| EBITDA | -10.97M | -11.39M | -9.94M | -5.66M | 0.00 |
| Net Income | -8.81M | -10.23M | -9.77M | -7.10M | -4.38M |
Balance Sheet | |||||
| Total Assets | 8.12M | 1.47M | 7.26M | 16.29M | 1.91M |
| Cash, Cash Equivalents and Short-Term Investments | 7.15M | 1.17M | 6.44M | 15.19M | 1.79M |
| Total Debt | 278.00K | 0.00 | 0.00 | 0.00 | 2.79M |
| Total Liabilities | 3.64M | 4.47M | 1.10M | 938.00K | 16.57M |
| Stockholders Equity | 4.48M | -3.00M | 6.16M | 15.35M | -14.66M |
Cash Flow | |||||
| Free Cash Flow | -9.14M | -10.26M | -8.81M | -5.93M | -3.53M |
| Operating Cash Flow | -9.13M | -10.26M | -8.81M | -5.92M | -3.53M |
| Investing Cash Flow | -12.00K | 2.03M | -2.03M | -15.00K | 0.00 |
| Financing Cash Flow | 15.12M | 5.01M | 42.00K | 19.33M | 3.20M |
RenovoRx Technical Analysis
Negative
1.27
Price Trends
1.31
Negative
1.14
Positive
1.16
Positive
Market Momentum
>-0.01
Positive
45.71
Neutral
29.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RNXT, the sentiment is Negative. The current price of 1.27 is below the 20-day moving average (MA) of 1.31, below the 50-day MA of 1.31, and above the 200-day MA of 1.16, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.71 is Neutral, neither overbought nor oversold. The STOCH value of 29.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for RNXT.
RenovoRx Risk Analysis
RenovoRx disclosed 67 risk factors in its most recent earnings report. RenovoRx reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
RenovoRx Peers Comparison
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ¥355.44B | 11.35 | -2.99% | 2.49% | 11.76% | -10.21% | |
53 Neutral | $49.28M | ― | -36.31% | ― | 15.73% | 51.00% | |
49 Neutral | $47.54M | ― | -136.13% | ― | ― | 61.43% | |
46 Neutral | $44.25M | ― | -14.91% | ― | ― | 75.74% | |
40 Underperform | $47.12M | ― | -75.45% | ― | ― | 14.06% | |
35 Underperform | $47.02M | ― | -101.34% | ― | ― | 21.40% | |
30 Underperform | $48.70M | ― | -2880.11% | ― | ― | 31.09% |
* Healthcare Sector Average
Performance Comparison
RNXT
RenovoRx
1.27
-0.01
-0.78%
OVID
Ovid Therapeutics
0.62
-0.43
-40.95%
GRCE
Grace Therapeutics
3.08
0.40
14.93%
JSPR
Jasper Therapeutics
3.15
-17.06
-84.41%
NRSN
Neurosense Therapeutics Ltd.
2.03
1.26
163.64%
PEPG
PepGen Inc.
1.45
-16.06
-91.72%
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.