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Futura Medical

FAMDF
24
Biotechnology · Healthcare
Price
$0.00
+0.00 (+0.00%)
Market Cap
$882,263
Exchange
Other OTC
Winston Score
24
Winston is worried
Weak fundamentals across most pillars.
Data as of Sep 9, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Mixed
Growth
Mixed
Cash Flow
Weak
Stability
Data not available
Valuation
Data not available

Share count rising — dilution

+20.3% over 4y

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

Diluted shares outstanding: 271.0M (2021) → 326.0M (2025)

§Winston Score History

The full picture

Futura Medical is a small British pharmaceutical company that develops products applied to the skin to treat common health conditions. Its lead product, Eroxon, is a topical gel for erectile dysfunction that can be bought without a prescription. This makes it one of the few non-pill, over-the-counter options available for men seeking treatment.

The company earns money primarily through licensing deals and royalties from commercial partners who sell its products in different markets. Futura Medical is based in the United Kingdom and has launched Eroxon in several countries across Europe and North America. Its small size means it relies heavily on partners for distribution and marketing. The main growth opportunity is expanding Eroxon into new markets and gaining wider consumer adoption, but the key risk is that the company remains unprofitable and faces competition from established oral medications and generics.

Growth Profile

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

Revenue Growth

+62.8% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+90.8% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

£2M/ year

Declining (-7% vs prior year)

95.1% of revenue

5.3x the sector average (18%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

9.2%ownership

Insiders own a meaningful stake in the company

Cash Runway

~2 months

£1M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Strong grower

Futura Medical is growing revenue at 63% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

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

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Quality

Profit per sale
Gross Margin
96.5%
Premium pricing power — 96.5% gross margin
Profit after running costs
Operating Margin
-79.9%
Losing money on operations — -79.9%
Return on the money invested
ROCE
-178.0%
Weak — -178.0% 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
-70.7%
Shrinking sales (-70.7% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-206.6%
Burning cash (-206.6%)

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
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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