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ProMIS Neurosciences, Inc. (PMN) 10-Year Financial Performance & Capital Metrics

PMN • • Industrial / General
HealthcareBiotechnologyNeurology & CNS DisordersAlzheimer's & Neurodegenerative
AboutProMIS Neurosciences, Inc. discovers and develops precision medicine solutions for the treatment of neurodegenerative diseases, primarily Alzheimer's disease (AD), amyotrophic lateral sclerosis (ALS), and multiple system atrophy (MSA) in Canada. The company's proprietary discovery platform comprises ProMIS and Collective Coordinates algorithms to predict novel targets known as disease specific epitopes on the molecular surface of misfolded proteins. Its lead product candidates include PMN310, a monoclonal antibody (mAb) for toxic oligomers in AD; PMN267, a superoxide dismustase 1 and TAR-DNA binding protein 43 in ALS, as well as alpha synuclein in Parkinson's disease and Lewy body dementia; and PMN442, a mAb targeting toxic a-syn oligomers and seeding fibrils in MSA. The company was formerly known as Amorfix Life Sciences Ltd. and changed its name to ProMIS Neurosciences, Inc. in July 2015. ProMIS Neurosciences, Inc. was incorporated in 2004 and is headquartered in Toronto, Canada.Show more
  • Revenue $0
  • EBITDA $3M +115.1%
  • Net Income $3M +115.9%
  • EPS (Diluted) 2.75 +107.7%
  • Gross Margin -
  • EBITDA Margin -
  • Operating Margin -
  • Net Margin -
  • ROE 27.46% +101.5%
  • ROIC -
  • Debt/Equity -
  • Interest Coverage -219.18 -133.6%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Trading at only 0.5x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Weak momentum: RS Rating 13 (bottom 13%)
  • ✗Shares diluted 100.0% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-5098.07%

EPS CAGR

10Y-
5Y-
3Y-
TTM-274.9%

ROCE

10Y Avg-605.12%
5Y Avg-304.16%
3Y Avg-378.39%
Latest-160.55%

Peer Comparison

Alzheimer's & Neurodegenerative
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Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+14.37K2K7.87K3491.2K1.56K8.14K000
Revenue Growth %-0.89%-0.86%2.93%-0.96%2.45%0.3%4.2%-1%--
Cost of Goods Sold+00004.74M3.18M5.85M010.44M0
COGS % of Revenue----3939.53%2033.96%718.97%---
Gross Profit+14.37K2K7.87K349-4.73M-3.18M-5.84M0-10.44M0
Gross Margin %1%1%1%1%-3938.53%-2032.96%-717.97%---
Gross Profit Growth %-0.89%-0.86%2.93%-0.96%-13575.75%0.33%-0.84%1%-1%
Operating Expenses+1.45M2.56M4.79M7.46M7.4M2.48M8.26M23.38M8.45M16.83M
OpEx % of Revenue100.68%1279%608.67%21405.31%6154.29%1585.18%1015.22%---
Selling, General & Admin682.26K1.17M1.64M2.02M2.66M2.48M3.31M7.29M6.38M6.19M
SG&A % of Revenue47.49%585.76%208.33%5806.27%2214.76%1585.32%407.11%---
Research & Development763.96K1.39M3.15M5.44M4.74M3.18M4.95M16.09M7.88M10.64M
R&D % of Revenue53.18%693.24%400.34%15599.04%3939.53%2033.96%608.1%---
Other Operating Expenses00000-3.18M00-5.81M0
Operating Income+-1.51M-2.56M-4.78M-7.46M-12.13M-5.66M-8.25M-23.38M-18.9M-16.83M
Operating Margin %-105.19%-1278%-607.67%-21404.32%-10092.83%-3618.14%-1013.64%---
Operating Income Growth %0.26%-0.69%-0.87%-0.56%-0.63%0.53%-0.46%-1.83%0.19%0.11%
EBITDA+-1.51M-2.55M-4.78M-7.46M-12.12M-5.65M-8.2M-23.37M-18.87M2.86M
EBITDA Margin %-104.81%-1275.52%-606.99%-21390.27%-10085.7%-3608.09%-1008.01%---
EBITDA Growth %0.26%-0.7%-0.87%-0.56%-0.63%0.53%-0.45%-1.85%0.19%1.15%
D&A (Non-Cash Add-back)5.5K4.96K5.31K4.9K8.56K15.73K45.83K11.22K28.04K0
EBIT-1.51M-2.56M-4.78M-7.46M-7.4M-5.66M-9.37M-17.78M-17.84M2.86M
Net Interest Income+-23.98K-15.89K-5.65K000-411.55K-282.06K-201.39K-76.78K
Interest Income0000004.73K000
Interest Expense23.98K15.89K5.65K000416.29K282.06K201.39K76.78K
Other Income/Expense-17.28K-11.82K-5.65K04.74M0-1.5M5.32M1.39M19.61M
Pretax Income+-1.53M-2.57M-4.79M-7.46M-7.4M-5.66M-9.24M-18.06M-17.51M2.78M
Pretax Margin %-106.4%-1283.9%-608.39%-21404.32%-6153.29%-3618.14%-1135.63%---
Income Tax+011.82K5.65K000415.02K000
Effective Tax Rate %1%1%1%1%1%1%1.04%1%1%1%
Net Income+-1.53M-2.57M-4.79M-7.46M-7.4M-5.66M-9.66M-18.06M-17.51M2.78M
Net Margin %-106.4%-1283.9%-608.39%-21404.32%-6153.29%-3618.14%-1186.62%---
Net Income Growth %0.25%-0.68%-0.86%-0.56%0.01%0.23%-0.71%-0.87%0.03%1.16%
Net Income (Continuing)-1.53M-2.57M-4.79M-7.46M-7.4M-5.66M-9.79M-18.06M-17.51M2.78M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-21.25-22.75-35.00-46.75-32.75-23.25-41.75-42.50-35.502.75
EPS Growth %0.58%-0.07%-0.54%-0.34%0.3%0.29%-0.8%-0.02%0.16%1.08%
EPS (Basic)-21.25-22.75-35.00-46.75-32.75-23.25-41.75-42.50-35.502.75
Diluted Shares Outstanding71.98K113.26K137.19K159.46K173.2K190.4K231.43K300.1K491.71K1.06M
Basic Shares Outstanding71.98K113.26K137.19K159.46K173.2K190.4K231.42K300.1K491.71K1.04M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.07M897.63K2.11M2.91M2.03M1.24M22.4M9.35M13.62M18.91M
Cash & Short-Term Investments944.21K753.25K1.73M2.43M1.7M1.11M21.48M8.01M12.63M13.32M
Cash Only903.21K712.04K1.69M2.39M1.66M1.03M21.43M7.96M12.6M13.29M
Short-Term Investments41K41.2K41.41K41.62K41.83K76.72K50.69K59.46K32.36K33.05K
Accounts Receivable9.16K6.92K2.17K1.16K000078.64K78.03K
Days Sales Outstanding232.691.26K100.591.22K------
Inventory-53.48K-34.44K-36.69K-40.14K000000
Days Inventory Outstanding----------
Other Current Assets65.06K39.36K43.97K53.5K74.22K78.75K768.78K571.72K228.85K47.28K
Total Non-Current Assets+76.87K70.2K63.52K56.85K48.29K144.23K40.83K28.65K00
Property, Plant & Equipment1.89K1.89K1.89K1.89K099.61K5.91K43500
Fixed Asset Turnover7.61x1.06x4.17x0.18x-0.02x1.38x---
Goodwill0000000000
Intangible Assets74.98K68.31K61.64K54.96K48.29K41.62K34.92K28.21K00
Long-Term Investments000003K0000
Other Non-Current Assets0000000000
Total Assets+1.15M967.82K2.17M2.97M2.07M1.38M22.44M9.38M13.62M18.91M
Asset Turnover0.01x0.00x0.00x0.00x0.00x0.00x0.00x---
Asset Growth %2.91%-0.16%1.24%0.37%-0.3%-0.33%15.2%-0.58%0.45%0.39%
Total Current Liabilities+550.76K898.39K637.45K1.81M1.68M2.4M1.17M8.68M9.35M2.22M
Accounts Payable311.65K478.08K207.48K523K465.02K557.84K517.17K4.03M7.84M1.74M
Days Payables Outstanding----35.8463.9732.26-274.08-
Short-Term Debt118.28K89.92K00000000
Deferred Revenue (Current)0000000000
Other Current Liabilities17.04K165.88K0628.79K0000518.7K38.33K
Current Ratio1.95x1.00x3.31x1.61x1.21x0.52x19.07x1.08x1.46x8.52x
Quick Ratio2.05x1.04x3.36x1.63x1.21x0.52x19.07x1.08x1.46x8.52x
Cash Conversion Cycle----------
Total Non-Current Liabilities+00000014.11M2.52M516.19K204.85K
Long-Term Debt0000004.94M000
Capital Lease Obligations0000000000
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities0000009.17M2.52M516.19K204.85K
Total Liabilities550.76K898.39K637.45K1.81M1.68M2.4M15.28M11.2M9.87M2.42M
Total Debt+118.28K120.86K00004.94M000
Net Debt-784.93K-591.18K-1.69M-2.39M-1.66M-1.03M-16.49M-7.96M-12.6M-13.29M
Debt / Equity0.20x1.74x----0.69x---
Debt / EBITDA----------
Net Debt / EBITDA----------4.65x
Interest Coverage-63.01x-161.04x-846.52x----19.82x-82.89x-93.84x-219.18x
Total Equity+599.98K69.43K1.53M1.16M398.12K-1.02M7.16M-1.82M3.75M16.49M
Equity Growth %4.03%-0.88%21.08%-0.25%-0.66%-3.55%8.05%-1.25%3.06%3.39%
Book Value per Share8.340.6111.187.252.30-5.3430.93-6.087.6315.58
Total Shareholders' Equity599.98K69.43K1.53M1.16M398.12K-1.02M7.16M-1.82M3.75M16.49M
Common Stock30.47M32.71M37.47M45.22M49.03M52.74M0000
Retained Earnings-38.55M-42M-48.02M-58.19M-65.59M-71.25M-78.64M-108.66M-93.47M-90.69M
Treasury Stock0000000000
Accumulated OCI1.39M1.48M4.15M6.13M8.88M9.14M-237.63K-264.52K-371.18K-371.18K
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-1.13M-1.89M-4.53M-6.35M-6.09M-4.35M-9.44M-17.03M-10.84M-27.18M
Operating CF Margin %-78.93%-945.3%-575.99%-18197.28%-5066.28%-2782.56%-1160.18%---
Operating CF Growth %0.3%-0.67%-1.39%-0.4%0.04%0.28%-1.17%-0.8%0.36%-1.51%
Net Income-1.53M-2.57M-4.79M-7.46M-7.4M-5.66M-9.4M-18.06M-13.21M2.78M
Depreciation & Amortization5.5K4.96K5.31K4.9K8.56K15.73K46.46K11.22K21.16K0
Stock-Based Compensation401.56K425.25K552.11K789.21K647.39K414.51K0487.63K271.54K825.81K
Deferred Taxes-19.64K001000000
Other Non-Cash Items13.63K1.92K-6.79K0-171.37K92.82K1.5M-4.87M-868.55K-19.06M
Working Capital Changes-6.47K245.76K-295.68K324.33K822.01K784.63K-1.59M5.4M2.94M-11.73M
Change in Receivables0000-19.55K34.63K-17.57K000
Change in Inventory0000000000
Change in Payables00-303.52K331.44K00-32.09K2.68M4.96M-6.11M
Cash from Investing+-29.55K-153-164-152-208-111.88K95.93K-1.98K-1.35K-693
Capital Expenditures00000-108.67K-6.13K-1.98K00
CapEx % of Revenue-----69.44%0.75%---
Acquisitions----------
Investments----------
Other Investing0001-208-3.21K0000
Cash from Financing+2.49M1.75M5.31M6.86M5.36M3.83M25.63M6.49M17.75M27.88M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing94.16K3.57K53.15K1.32M5.36M3.83M01.52M3.6K28.04K
Net Change in Cash----------
Free Cash Flow+-1.13M-1.89M-4.53M-6.35M-6.09M-4.46M-9.45M-17.04M-10.84M-27.18M
FCF Margin %-78.93%-945.3%-575.99%-18197.28%-5066.28%-2851.99%-1160.93%---
FCF Growth %0.3%-0.67%-1.39%-0.4%0.04%0.27%-1.12%-0.8%0.36%-1.51%
FCF per Share-15.75-16.71-33.04-39.80-35.16-23.44-40.83-56.77-22.05-25.68
FCF Conversion (FCF/Net Income)0.74x0.74x0.95x0.85x0.82x0.77x0.98x0.94x0.62x-9.78x
Interest Paid000000087.07K201.39K0
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-760.88%-767.98%-597.36%-555.07%-951.67%--314.51%-677.44%-1815.54%27.46%
Gross Margin100%100%100%100%-393853.16%-203296.1%-71796.88%---
Net Margin-10639.79%-128390%-60838.5%-2140431.58%-615329.37%-361814.19%-118662.24%---
Debt / Equity0.20x1.74x----0.69x---
Interest Coverage-63.01x-161.04x-846.52x----19.82x-82.89x-93.84x-219.18x
FCF Conversion0.74x0.74x0.95x0.85x0.82x0.77x0.98x0.94x0.62x-9.78x
Revenue Growth-89.29%-86.06%293.03%-95.57%244.67%30.2%420.04%-100%--

Frequently Asked Questions

Valuation & Price

ProMIS Neurosciences, Inc. (PMN) has a price-to-earnings (P/E) ratio of 3.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

ProMIS Neurosciences, Inc. (PMN) grew revenue by 0.0% over the past year. Growth has been modest.

ProMIS Neurosciences, Inc. (PMN) reported a net loss of $29.3M for fiscal year 2024.

Dividend & Returns

ProMIS Neurosciences, Inc. (PMN) has a return on equity (ROE) of 27.5%. This is excellent, indicating efficient use of shareholder capital.

ProMIS Neurosciences, Inc. (PMN) had negative free cash flow of $27.2M in fiscal year 2024, likely due to heavy capital investments.

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