NanoViricides, Inc. :NNVC-US: Earnings Analysis: Q1, 2017 By the Numbers : December 5, 2016

NanoViricides, Inc. reports financial results for the quarter ended September 30, 2016.

Analysis

  • Summary numbers: Revenues of USD 0 million, Net Earnings of USD -3.06 million.
  • The company did not record any revenues for the last twelve months making the comparison of net margin versus asset turnover meaningless.
  • NNVC-US‘s earnings and EBITDA are both negative which suggest that P/E or Price/EBITDA are not meaningful to make this analysis between operating advantage (ROE) and growth expectations (as suggested by P/E or P/EBITDA).
  • Cash and Cash equivalents were down this period to 21.91 million compared to 29.48 million in the same period last year.
  • With debt at a relatively low 10.54% of its enterprise value compared to an overall benchmark of 25% (Note: The peer median is currently 12.08%), and relatively tight interest coverage level of -3.57x, NNVC-US would have a hard time raising much additional debt. Thus, the company is classified as having Limited Flexibility when it comes to raising more debt.
  • Of the 9 chosen peers for the company, only 7 of the stocks have an outstanding debt balance. Companies with no debt include CMRX-US and NBY-US.
  • Net income of -3.06 million this period compared to a net income of -1.65 million last period. This is a growth of -85.46% over the previous period. In comparison, the peer group grew at 4.64%

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Company Profile

NanoViricides, Inc. is a nano-biopharmaceutical company. The company engages in the discovery, development, and commercialization of therapeutics to advance the care of patients suffering from life-threatening viral infections. It intends to manufacture Injectable and Oral FluCide, HIVCide, Nanoviricide Eye Drops, HerpeCide, DengueCide, RabiCide as well as other drugs for pre-clinical animal studies and human clinical studies. NanoViricides was founded by Anil R. Diwan on July 25, 2000 and is headquartered in Shelton, CT.

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