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Eupraxia Pharmaceuticals

EPRX
Biotechnology · Healthcare
Also trades as: EPRX.TO
Price
$6.73
-0.03 (-0.44%)
Market Cap
$225.3M
Exchange
NASDAQ
Winston Score
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No score yet — Winston is napping.
We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+180.5% over 4y

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

Diluted shares outstanding: 14.2M (2021) → 40.0M (2025)

Winston Score History

The full picture

Eupraxia Pharmaceuticals is a Canadian clinical-stage biotechnology company focused on developing injectable drugs that treat pain and inflammation. Its lead product, EP-104IAR, is a longer-lasting form of a steroid called fluticasone propionate, designed to be injected directly into joints to relieve pain from conditions like osteoarthritis. The main customers would be patients and physicians dealing with chronic joint pain, a very large and underserved medical market.

Eupraxia does not yet sell any products, so it currently earns no revenue. The company funds its operations through equity financing and is based in Victoria, British Columbia, Canada. Its core competitive idea is a proprietary drug-delivery technology that aims to make existing medicines last longer inside the body, potentially reducing how often patients need injections. The biggest risk the company faces is clinical and regulatory — EP-104IAR must still successfully complete clinical trials and receive approval from regulators like the FDA before it can generate any sales.

Growth Profile

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

Revenue Growth

Revenue data limited

EPS Growth

+4.2% YoY

YoY Growth Rate

Slow EPS growth

R&D Spend

$30M/ year

Rising (+84% vs prior year)

R&D investment increasing — building for the future

Insider Activity

22.8%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~3 years

$133M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$133M cash & investments at current burn rate

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
N/A
Data not available
Profit after running costs
Operating Margin
N/A
Data not available
Return on the money invested
ROCE
-43.2%
Weak — -43.2% 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
N/A
Data not available
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
N/A
Data not available

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
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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