Renalytix plc
RNLXY, RENXF · Services-Medical Laboratories · 331.2M shares · +11%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $6M (gross $9M, SBC $3M)
Grade
D36Medical-device company (the KidneyIntelX kidney-disease diagnostic) with operating losses and cash burn.
Strengths
- Liquidity — current ratio 0.53 (15th)
Risks
- Operating/net losses & cash burn — per metrics
- near-insolvent liquidity amplifies the losses — per 10-K
- Adoption/reimbursement dependence — per 10-K
Notable findings
- Net lossNet loss (net margin -1461.6%)
- Weak liquidityCurrent ratio 0.53 (<1)
- Chronic dilutionShare count +11%/yr over 1y (dilution, book value/share -201%)
- Revenue declineRevenue -10.9% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
6.8%
Operating margin
-1293.5%
Net margin
-1461.6%
Return on equity
426.0%
Return on assets
-419.7%
Revenue growth (QoQ)
-10.9%
Current ratio
0.5×
EBITDA
-$29M
Tangible book value
-$9M
Cash & investments
$5M
Stock comp / revenue
74.7%
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2025-01-16 | Reg FD | filing ↗ |
| 2024-12-20 | Shareholder voteReg FDExhibits | filing ↗ |
| 2024-11-19 | Material agreementDebt obligationExhibits | filing ↗ |
| 2024-11-06 | Exec/director changeShareholder voteReg FDExhibits | filing ↗ |
| 2024-10-01 | Material agreementAcquisition/dispositionResultsDebt obligationDelisting notice3.02OtherExhibits | filing ↗ |
| 2024-08-27 | Delisting noticeReg FDExhibits | filing ↗ |
| 2024-07-15 | 3.02Reg FDExhibits | filing ↗ |
| 2024-06-25 | Auditor changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2025-01-16 | 2025-01-16 | 0001213900-25-004220 ↗ |
| 8-K | 2024-12-20 | 2024-12-19 | 0001213900-24-111219 ↗ |
| 8-K/A | 2024-11-19 | 2024-09-26 | 0001213900-24-100211 ↗ |
| 10-Q | 2024-11-19 | 2024-09-30 | 0000950170-24-128687 ↗ |
| 8-K | 2024-11-06 | 2024-10-31 | 0001213900-24-095002 ↗ |
| 8-K | 2024-10-01 | 2024-09-26 | 0001193125-24-230319 ↗ |
| 10-K | 2024-09-30 | 2024-06-30 | 0000950170-24-110315 ↗ |
| 8-K | 2024-08-27 | 2024-08-23 | 0000950170-24-100790 ↗ |
| 8-K | 2024-07-15 | 2024-07-15 | 0000950170-24-083385 ↗ |
| 8-K/A | 2024-06-25 | 2024-06-18 | 0000950170-24-077428 ↗ |
| 8-K | 2024-06-24 | 2024-06-18 | 0000950170-24-076873 ↗ |
| 8-K | 2024-06-24 | 2024-06-21 | 0000950170-24-076884 ↗ |