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Deep Value: cash covers more than 100% of the stock price

This company holds roughly $867,000 in cash and investments — more than its entire stock-market value, based on its latest quarterly filing. You're paying very little for the actual business. Sometimes that's a genuine bargain or a takeover target, sometimes it's cheap for a reason. Not a buy signal on its own — always ask why it's this cheap.

Ocean Biomedical logo

Ocean Biomedical

OCEA
Biotechnology · Healthcare
Price
$0.00
-0.00 (-16.67%)
Market Cap
$889,765
Exchange
Other OTC
Winston Score
Winston looking sleepy
No score yet — Winston is napping.
We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+36.1% over 5y

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

Diluted shares outstanding: 20.2M (2019) → 27.5M (2024)

Winston Score History

The full picture

Ocean Biomedical is a small biotechnology company that tries to turn scientific discoveries from Brown University into new medicines. It focuses on developing treatments for serious diseases, including certain cancers, pulmonary arterial hypertension, and infectious diseases like malaria. The company does not yet sell any approved products — it is still in the early research and clinical testing stage.

Ocean Biomedical makes no revenue from product sales right now, so it relies on outside funding such as stock offerings and partnerships to keep its operations running. It is based in Providence, Rhode Island, and operates primarily in the United States, though its drug candidates could eventually target global markets. The company's main competitive angle is its exclusive licensing relationship with Brown University, which gives it access to a pipeline of academic research. The biggest risk it faces is the long, expensive, and uncertain process of getting any of its drug candidates through clinical trials and approved by regulators.

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

-162.5% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$26,000/ year

Declining (-100% vs prior year)

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

Insider Activity

10.3%ownership

Insiders own a meaningful stake in the company

Cash Runway

~7 months

$867,000 cash & investments

Short runway — potential dilution ahead through share issuance

Cash watch

Ocean Biomedical 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.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

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
N/A
Data not available

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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
4/8 quarters
Earnings inconsistent quarter-to-quarter

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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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