The company has issued more shares over this period, which dilutes each existing shareholder’s stake.
Diluted shares outstanding: 112.6M (2021) → 162.2M (2025)
Headquartered in Winnipeg, Canada, Kane Biotech Inc. is a biotechnology firm established in 2001, focusing on the research, development, and global commercialization of innovative technologies and products engineered to prevent and remove microbial biofilms. The company's diverse portfolio features pet dental hygiene solutions marketed as StrixNB and bluestem, alongside DispersinB for both animal and human wound care. They also provide Alosera brand shampoos for dogs, cats, and horses, and Aledex for medical device coatings. Additional offerings include DermaKB scalp care products, Coactiv+ wound care items, and other specialized products under the goldstem, silkstem, and DermaKB Biofilm brand names.
When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.
-70.9% YoY
YoY Growth Rate
Revenue declining
-95.2% YoY
YoY Growth Rate
Earnings declining
C$867,865/ year
↓ Declining (-55% vs prior year)
202.8% of revenue
11.3x the sector average (18%)
R&D spend declining — could signal cost-cutting or efficiency
~4 months
C$854,729 cash & investments
Quarterly Free Cash Flow
→ Burn rate stable
Short runway — potential dilution ahead through share issuance
Kane Biotech has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.
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.
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Negative ROIC means the business is losing money on every dollar invested in it.
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Free cash flow is negative. They are burning cash, not generating it.
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See every metric, trend, and what it means for this stock.
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