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VolitionRX (VNRX)
:VNRX
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VolitionRX
(NYSE MKT:VNRX)
34Underperform
VolitionRX (VNRX) vs. S&P 500 (SPY)
Market Cap
$54.71M
Dividend YieldN/A
Average Volume (3M)127.98K
Price to Earnings (P/E)―
Beta (1Y)1.16
Revenue Growth97.50%
EPS Growth30.73%
CountryUS
Employees96
SectorHealthcare
Sector Strength72
IndustryMedical - Diagnostics & Research
Share Statistics
EPS (TTM)-0.36
Shares Outstanding95,967,850
10 Day Avg. Volume166,631
30 Day Avg. Volume127,983
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)39.64
Price to Cash Flow (P/CF)-2.40
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
VolitionRX Business Overview & Revenue Model
Company DescriptionVolitionRx Limited, a multi-national epigenetics company, engages in the development of blood tests to help diagnose a range of cancers and other diseases worldwide. It sells Nu.Q that detect cancer; Nu.Q Nets, monitoring the immune system; Nu.Q Vet cancer screening test for veterinary applications; Nu.Q Capture capturing and concentrating samples for more accurate diagnosis; and Nu.Q Discover, a solution to profiling nucleosomes. The company operates Nucleosomics a technology platform for blood test. VolitionRx Limited is based in Austin, Texas.
How the Company Makes MoneyVolitionRX generates revenue through the development and commercialization of its diagnostic tests, primarily leveraging its proprietary Nucleosomics technology. Revenue streams include sales of test kits to laboratories, healthcare providers, and veterinary services that utilize these diagnostics for early disease detection and monitoring. Additionally, VolitionRX may engage in partnerships and collaborations with research institutions, pharmaceutical companies, and other healthcare entities to further develop and distribute its products. These partnerships can also serve as significant sources of revenue, particularly through licensing agreements and joint ventures that expand the reach of their technology.
VolitionRX Financial Statement Overview
Summary
VolitionRX faces financial difficulties with ongoing losses, high leverage, and cash flow challenges. The company needs to address profitability and liquidity issues to improve financial health and reduce reliance on external financing.Income Statement
VolitionRX shows significant challenges in profitability. Despite some revenue growth, the company maintains negative net and EBIT margins, indicating persistent losses. The TTM data reflects an increase in revenue but also a substantial net loss, highlighting ongoing financial pressure.20
Very Negative
Balance Sheet
The balance sheet displays a concerning negative stockholders' equity, indicating financial distress and high leverage. The persistently high debt-to-equity ratio underscores the company's reliance on debt financing, posing a risk to financial stability.15
Very Negative
Cash Flow
VolitionRX struggles with negative operating and free cash flows, suggesting issues with cash generation. Despite some improvement in cash flows due to financing activities, the operational cash flow remains insufficient to cover net income, highlighting liquidity concerns.25
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 1.29M | 775.30K | 306.39K | 90.03K | 13.43K | 17.10K | Gross Profit |
| 277.04K | 775.30K | -882.03K | 90.03K | 13.43K | 17.10K | EBIT |
| -29.98M | -35.99M | -31.78M | -28.33M | -21.25M | -16.04M | EBITDA |
| -28.55M | -34.04M | -29.24M | -25.69M | -19.23M | -15.07M | Net Income Common Stockholders |
| -29.87M | -35.32M | -30.27M | -26.97M | -20.48M | -16.03M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 725.00 | 20.73M | 10.87M | 20.58M | 19.44M | 16.97M | Total Assets |
| 725.00 | 27.95M | 18.30M | 27.49M | 26.15M | 21.29M | Total Debt |
| 0.00 | 5.86M | 4.97M | 4.02M | 4.44M | 3.94M | Net Debt |
| -725.00 | -14.87M | -5.89M | -16.56M | -15.00M | -13.03M | Total Liabilities |
| 112.67K | 36.66M | 21.42M | 9.77M | 9.86M | 7.09M | Stockholders Equity |
| -111.95K | -7.80M | -2.57M | 17.94M | 16.34M | 14.20M |
| Cash Flow | Free Cash Flow | ||||
| -14.53M | -19.15M | -16.85M | -21.83M | -18.41M | -13.25M | Operating Cash Flow |
| -13.85M | -18.06M | -15.28M | -20.85M | -16.46M | -12.74M | Investing Cash Flow |
| -679.36K | -1.08M | -1.57M | -973.56K | -1.65M | -511.27K | Financing Cash Flow |
| 10.13M | 28.98M | 6.94M | 22.86M | 20.62M | 16.93M |
VolitionRX Technical Analysis
Neutral
0.57
Price Trends
0.59
Negative
0.62
Negative
0.64
Negative
Market Momentum
-0.01
Negative
50.56
Neutral
48.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VNRX, the sentiment is Neutral. The current price of 0.57 is above the 20-day moving average (MA) of 0.57, below the 50-day MA of 0.59, and below the 200-day MA of 0.64, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 50.56 is Neutral, neither overbought nor oversold. The STOCH value of 48.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for VNRX.
VolitionRX Risk Analysis
VolitionRX disclosed 35 risk factors in its most recent earnings report. VolitionRX reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
VolitionRX Peers Comparison
Overall Rating
UnderperformOutperform
Sector (48)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $995.45M | 17.45 | 19.46% | ― | 19.07% | ― | |
66 Neutral | $8.67B | 108.08 | 2.27% | ― | 0.66% | ― | |
53 Neutral | $8.04B | ― | -37.09% | ― | 10.37% | -389.98% | |
51 Neutral | $810.82M | ― | -17.15% | ― | 12.15% | 61.33% | |
49 Neutral | $5.26B | ― | -4584.47% | ― | 31.04% | 16.91% | |
48 Neutral | $6.84B | 1.02 | -53.11% | 2.50% | 16.84% | 0.92% | |
34 Underperform | $54.71M | ― | 138.92% | ― | 97.50% | 30.73% |
* Healthcare Sector Average
Performance Comparison
VNRX
VolitionRX
0.57
-0.20
-25.97%
EXAS
Exact Sciences
43.29
-30.45
-41.29%
MYGN
Myriad Genetics
8.87
-11.13
-55.65%
QGEN
Qiagen
40.15
-2.05
-4.86%
CDNA
CareDx
17.75
7.80
78.39%
GH
Guardant Health
42.60
21.81
104.91%
VolitionRX Earnings Call Summary
Earnings Call Date: Mar 31, 2025 | % Change Since: 0.00% | Next Earnings Date: May 7, 2025
Earnings Call Sentiment Positive
VolitionRx showed significant progress in 2024 with strong revenue growth, successful cost reduction, and promising clinical advancements in both oncology and sepsis. However, challenges remain in achieving predictable revenue streams and cash flow management. The company's focus on securing multiple licensing deals in 2025 is critical to future success.Highlights
Nu.Q Vet Cancer Test Expansion
The Nu.Q Vet Cancer Test expanded access to over 20 countries and sold approximately 120,000 tests in 2024, doubling the previous year and resulting in a 75% increase in vet revenue compared to 2023.
Significant Revenue Growth
VolitionRx recorded $1.2 million in revenue for 2024, a 59% increase from 2023. Nu.Q Vet Cancer Test revenue grew by 75%, and Nu.Q Discover revenue grew by 40%.
Cost Reduction Success
Operating expenses were reduced by 23% year-over-year, with a 31% reduction in the second half of 2024 compared to the previous year.
Nu.Q Cancer Clinical Progress
The Nu.Q Cancer platform demonstrated its ability to differentiate between malignant and benign pulmonary nodules in an 800-patient study, with further validation studies underway.
Nu.Q NETs Sepsis Marker Success
Nu.Q NETs test showed promising results across multiple studies as a surrogate marker for neutrophil extracellular traps (NETs) in sepsis, generating interest from key opinion leaders and licensing partners.
Nu.Q Discover Pharmaceutical Partnerships
VolitionRx entered into its first human clinical study partnership with a leading pharmaceutical company, expected to generate significant revenue and validate the Nu.Q Discover program.
Lowlights
Revenue Uncertainty
Revenues remain fairly lumpy and difficult to predict quarterly, with no specific revenue guidance provided for 2025.
Cash Flow Challenges
Net cash used in operating activities was $25.9 million in 2024, although down 17% year-over-year when excluding milestone payments received in 2023.
Delayed Automation in Vet Testing
The point-of-care market for Nu.Q Vet is growing but remains less than 20% of the total market, with central lab automation crucial for accelerating growth.
Company Guidance
During the VolitionRx Limited Fourth Quarter and Full Fiscal Year 2024 Earnings Conference Call, key guidance was provided for 2025. The company aims to achieve cash neutrality, meaning that income, including licensing receipts, will match expenditures on a cash basis. In 2024, VolitionRx reported $1.2 million in revenue, a 59% increase from 2023, with Nu.Q Vet Cancer Test sales growing by 75% to $0.8 million, and Nu.Q Discover revenue rising by 40% to $0.4 million. Approximately 120,000 Nu.Q Vet cancer tests were sold, more than doubling the prior year's sales. Operating expenses were reduced by 23% year-on-year, contributing to a 17% reduction in net cash used in operating activities when excluding previous milestone payments. The company is focused on signing multiple human licensing deals in 2025, replicating its success in the veterinary space, with plans to automate centralized labs to accelerate growth and expand the use of its Nu.Q platform in clinical settings.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.