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Argenica Therapeutics

AGN.AX
25
Biotechnology · Healthcare
Price
A$0.20
-0.02 (-9.30%)
Market Cap
A$25.0M
Exchange
Australian Securities Exchange
Winston Score
25
Winston is worried
Below-average fundamentals — multiple weak pillars.
Based on the IPO prospectus (annual filing). This score will refine automatically once the company reports its first quarters.
Data as of Aug 23, 2026 · filings through Dec 31, 2025
How the score breaks down
Quality
Mixed
Growth
Mixed
Cash Flow
Weak
Stability
Good
Valuation
Data not available

Share count rising — dilution

+74.3% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 73.2M (2021) → 127.5M (2025)

Winston Score History

The full picture

Argenica Therapeutics is a small Australian biotechnology company focused on developing drugs to treat brain injuries caused by strokes. Its lead drug candidate, ARG-007, is a peptide designed to protect brain cells from dying after a stroke occurs. The company is in the clinical-stage, meaning it does not yet sell any products and is still running trials to test whether its treatments are safe and effective.

Argenica makes no revenue from product sales yet. It funds its research through capital raises, grants, and government incentives, which is typical for early-stage biotech companies. Based in Perth, Australia, it is a very small company with a market cap near zero, and it has no approved products or commercial moat at this stage. The key risk is that ARG-007 could fail in clinical trials, which would severely threaten the company's future, while success in later-stage trials would be the main catalyst for growth.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-100.0% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-216.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

A$8M/ year

Rising (+35% vs prior year)

253.0% of revenue

14.1x the sector average (18%)

Investing heavily in future products and technology

Insider Activity

24.6%ownership

Insiders own a meaningful stake in the company

Cash Runway

~3 months

A$5M cash & investments

Short runway — potential dilution ahead through share issuance

Heavy R&D investment

Argenica Therapeutics is putting 253% of revenue into R&D and that number is rising. That's 14.1x the sector average.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
100.0%
Premium pricing power — 100.0% gross margin
Profit after running costs
Operating Margin
-239.1%
Losing money on operations — -239.1%
Return on the money invested
ROCE
-106.2%
Weak — -106.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
+23.7%
Fast-growing sales (+23.7% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
N/A
Data not available

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-177.5%
Burning cash (-177.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.00
Conservative — low debt load (0.00)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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