Acurx Pharmaceuticals, Inc. ACXP
Acurx Pharmaceuticals is a late-stage biopharmaceutical company focused on developing a new class of small molecule antibiotics for difficult-to-treat bacterial infections. Our approach is to develop antibiotic candidates with a Gram-positive selective spectrum ("GPSS®") that block the active site of the Gram positive specific bacterial enzyme deoxyribonucleic acid ("DNA") polymerase IIIC ("pol IIIC"), inhibiting DNA replication and leading to Gram-positive bacterial cell death. Our research and development ("R&D") pipeline includes antibiotic product candidates that target Gram-positive bacteria, including Clostridioides difficile ("C. difficile"), methicillin-resistant Staphylococcus aureus ("MRSA"), vancomycin resistant Enterococcus ("VRE") and drug-resistant Streptococcus pneumoniae ("DRSP") and B. anthracis (anthrax; a Bioterrorism Category A Threat-Level pathogen).
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| R&D | $1.8M | $5.4M | $6.0M | $4.8M | $2.0M | $2.2M | — |
| SG&A | $6.3M | $8.7M | $8.5M | $7.3M | $10.8M | $2.4M | — |
| Total operating expenses | $8.1M | $14.1M | $14.6M | $12.1M | $12.8M | $4.6M | — |
| Operating income | -$8.1M | -$14.1M | — | — | — | — | — |
| Pre-tax income | — | — | — | -$12.1M | — | -$4.6M | — |
| Income tax | — | — | — | $0 | — | $0 | — |
| Net income | -$8.0M | -$14.1M | -$14.6M | -$12.1M | -$12.7M | -$4.6M | — |
| EPS, basic | -5.32 | -17.45 | -1.15 | -1.12 | -1.49 | -0.74 | — |
| EPS, diluted | -5.32 | -17.45 | -1.15 | -1.12 | -1.49 | -0.74 | — |
| Shares, diluted (wtd. avg.) | 1.5M | 808,168 | 12.7M | 10.8M | 8.5M | 6.2M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $7.6M | $3.7M | $7.5M | $9.1M | $13.0M | $3.2M | $2.5M |
| Total assets | $7.7M | $3.9M | $7.7M | $9.4M | $13.3M | $3.2M | — |
| Accounts payable | $2.4M | $3.2M | $3.0M | $2.1M | $843.9K | $455.9K | — |
| Total current liabilities | $2.4M | $3.2M | $3.0M | $2.1M | $843.9K | $472.6K | — |
| Total liabilities | $2.4M | $3.2M | $3.0M | $2.1M | $843.9K | $522.4K | — |
| Retained earnings | -$75.3M | -$67.3M | -$53.2M | -$38.6M | -$26.5M | -$13.8M | — |
| Total equity | $5.3M | $615.1K | $4.7M | $7.3M | $12.4M | $2.7M | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$6.8M | -$10.4M | -$9.8M | -$7.5M | -$5.0M | -$3.4M | — |
| Stock-based compensation | $1.2M | $2.6M | $3.2M | $2.9M | $5.2M | $695.8K | — |
| Financing cash flow | $10.6M | $6.6M | $8.2M | $3.7M | $14.8M | $4.0M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-027052.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — |
| Net income | — | -$4.6M | -$12.7M | -$12.1M | -$14.6M | -$14.1M | -$8.0M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Other event Item 8.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed Item 5.03
- Other event Item 8.01
- Shareholder vote Item 5.07
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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