Healthcare · Medical - Devices
Price
$0.36
Market Cap
$22.7M
Employees
149
Beta
1.36
Avg Volume
154,882
CEO
Phillip Chan
Business Description
Cytosorbents Corporation specializes in creating and bringing to market innovative medical devices. Their core expertise lies in a unique blood purification platform, built upon a proprietary adsorbent and porous polymer technology. The company's leading product, CytoSorb, is an extracorporeal filter designed to remove cytokines from the blood. It serves as a complementary treatment in various critical care scenarios, including sepsis, managing complications during and after heart bypass surgery, and improving the viability of donor organs for transplantation. Beyond CytoSorb, Cytosorbents offers a portfolio of specialized devices. These include VetResQ, used to assist in treating critical conditions like sepsis and pancreatitis in animals; CytoSorb-XL, another device targeting sepsis and other severe illnesses; HemoDefend, a platform for purifying blood supplies by removing contaminants that cause transfusion reactions and diseases, as well as anti-A and anti-B antibodies from blood products; K+ontrol, designed for patients with severe, life-threatening hyperkalemia; and ContrastSorb, which extracts intravenous contrast agents following imaging procedures (like CT scans, angiograms, or interventional radiology) to mitigate the risk of contrast-induced kidney damage. The company is also actively developing several new solutions: BetaSorb, aimed at preventing and treating complications from metabolic toxin buildup in chronic kidney disease patients; DrugSorb, which focuses on eliminating harmful chemicals from the bloodstream; and DrugSorb-ATR, an innovative system for removing antithrombotic agents. Originally established as MedaSorb Technologies Corporation in 1997, the company adopted its current name, Cytosorbents Corporation, in May 2010. Its corporate headquarters are situated in Princeton, New Jersey.
Business History
Price Overview
Last updated: Jun 27, 2026 8:58am (just now)$0.36
-0.10 (-21.30%)
Day Range
$0.36 – $0.50
52-Week Range
$0.36 – $1.30
50-Day MA
$0.52
200-Day MA
$0.68
Volume
315,838.00
Share Structure
Outstanding
62,842,700.00
Float
53,938,805.00
Free Float
85.8%
High free float
— 85.8% of shares trade freely, ~14.2% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-2.78
Stock Price: $0.36
EPS (Diluted): -0.13
EPS (Diluted): -0.13
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
6.74
Stock Price: $0.36
Total Equity: $5.90M
Shares: 62,231,771
Total Equity: $5.90M
Shares: 62,231,771
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-4.74
Market Cap: $22.75M
Total Debt: $16.67M
Cash: $6.25M
EBITDA: -$4.36M
Total Debt: $16.67M
Cash: $6.25M
EBITDA: -$4.36M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$62.6M
Market Cap: $22.75M
Total Debt: $16.67M
Cash: $6.25M
Total Debt: $16.67M
Cash: $6.25M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
1.07
Stock Price: $0.36
Revenue: $37.06M
Shares: 62,231,771
Revenue: $37.06M
Shares: 62,231,771
EV/Sales (Total value vs revenue — works when P/E can't)
API1.69
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
71.5%
Gross Profit: $26.49M
Revenue: $37.06M
Revenue: $37.06M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-38.4%
Operating Income: -$14.24M
Revenue: $37.06M
Revenue: $37.06M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-22.1%
Net Income: -$8.20M
Revenue: $37.06M
Revenue: $37.06M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-165.1%
Net Income: -$8.20M
Total Equity: $5.90M
Total Equity: $5.90M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-41.2%
Operating Income: -$14.24M
Tax Rate: 4.7%
Equity: $5.90M
Total Debt: $16.67M
Cash: $6.25M
Tax Rate: 4.7%
Equity: $5.90M
Total Debt: $16.67M
Cash: $6.25M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
2.13
Current Assets: $20.63M
Current Liabilities: $9.71M
Current Liabilities: $9.71M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
2.82
Short-Term Debt: $0.00
Long-Term Debt: $16.67M
Total Debt: $16.67M
Total Equity: $5.90M
Long-Term Debt: $16.67M
Total Debt: $16.67M
Total Equity: $5.90M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$0.60
Revenue: $37.06M
Shares: 62,231,771
Shares: 62,231,771
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$0.09
Total Equity: $5.90M
Shares: 62,231,771
Shares: 62,231,771
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.20
Operating CF: -$12.38M
CapEx: -$164,000
Shares: 62,231,771
CapEx: -$164,000
Shares: 62,231,771
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $0.36
Stock Price: $0.36
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$8.20M
Net Income: -$8.20M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares CTSO against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 27, 2026 8:58am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $40.1M | $34.7M | $31.1M | $35.6M | $37.1M |
| Cost of Revenue | $11.0M | $14.0M | $9.1M | $10.7M | $10.6M |
| Gross Profit | $29.1M | $20.7M | $22.0M | $24.9M | $26.5M |
| Operating Expenses | $51.8M | $52.3M | $53.9M | $41.3M | $40.7M |
| Operating Income | -$22.7M | -$31.5M | -$31.9M | -$16.5M | -$14.2M |
| Net Income | -$24.6M | -$32.8M | -$29.2M | -$20.7M | -$8.2M |
| EBITDA | -$24.2M | -$30.0M | -$27.9M | -$19.3M | -$4.4M |
| EPS | $-0.57 | $-0.75 | $-0.65 | $-0.38 | $-0.13 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 27, 2026 8:58am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $52.1M | $22.1M | $14.1M | $3.3M | $6.2M |
| Total Current Assets | $64.3M | $33.8M | $25.7M | $21.6M | $20.6M |
| Total Assets | $89.5M | $63.2M | $53.3M | $47.4M | $44.2M |
| Current Liabilities | $13.7M | $9.7M | $14.5M | $9.8M | $9.7M |
| Long-Term Debt | $0 | $5.0M | $2.5M | $14.0M | $16.7M |
| Total Liabilities | $26.9M | $27.9M | $30.0M | $36.3M | $38.3M |
| Total Equity | $62.6M | $35.4M | $23.3M | $11.1M | $5.9M |
| Retained Earnings | -$221.2M | -$254.0M | -$282.5M | -$304.0M | -$312.2M |
Cash Flow (Annual)
Last updated: Jun 27, 2026 8:58am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$14.0M | -$28.2M | -$21.7M | -$14.4M | -$12.4M |
| Capital Expenditure | -$4.3M | -$6.5M | $-936,236 | $-284,343 | $-164,000 |
| Free Cash Flow | -$18.3M | -$34.7M | -$22.6M | -$14.7M | -$12.5M |
| Acquisitions (net) | $0 | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$17.6M | -$30.0M | -$8.2M | -$5.9M | -$2.0M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 8:58am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$47.1M $46.5M – $47.7M
|
$51.6M $50.9M – $52.3M
|
$54.4M $53.7M – $55.1M
|
$133.0M $131.3M – $134.8M
|
| EBITDA |
-$28.5M -$28.9M – -$28.1M
|
-$31.2M -$31.6M – -$30.8M
|
-$32.9M -$33.3M – -$32.5M
|
-$80.4M -$81.5M – -$79.4M
|
| Net Income |
$1.9M $1.8M – $1.9M
|
$3.7M $3.7M – $3.8M
|
$5.0M $4.9M – $5.1M
|
$44.8M $44.0M – $45.6M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 27, 2026 8:58am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -13.5% | -10.4% | +14.5% | +4.1% |
| Gross Profit Growth | -28.7% | +5.9% | +13.4% | +6.4% |
| Operating Income Growth | -38.6% | -1.4% | +48.5% | +13.5% |
| Net Income Growth | -33.6% | +10.9% | +29.2% | +60.4% |
| EBITDA Growth | -24.2% | +7.1% | +30.9% | +77.4% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-15 | MARIANI PETER J | P-Purchase | 100,000.00 | $0.44 | $44,000 |
| 2026-06-15 | Chan Phillip P. | P-Purchase | 10,333.00 | $0.43 | $4,443 |
| 2026-06-12 | Chan Phillip P. | P-Purchase | 251,136.00 | $0.40 | $100,454 |
| 2025-11-18 | Chan Phillip P. | A-Award | 100,000.00 | $0.64 | $64,000 |
| 2025-08-08 | Chan Phillip P. | A-Award | 105,600.00 | $0.00 | $0 |
| 2025-08-08 | Chan Phillip P. | A-Award | 136,400.00 | $1.00 | $136,400 |
| 2025-08-08 | Jones Edward Raymond | A-Award | 22,000.00 | $1.00 | $22,000 |
| 2025-08-08 | BATOR MICHAEL G. | A-Award | 44,000.00 | $1.00 | $44,000 |
| 2025-08-08 | MARIANI PETER J | A-Award | 71,500.00 | $0.00 | $0 |
| 2025-08-08 | MARIANI PETER J | A-Award | 90,000.00 | $1.00 | $90,000 |
| 2025-08-08 | Kim Jiny | A-Award | 22,000.00 | $1.00 | $22,000 |
| 2025-08-08 | Capponi Vincent | A-Award | 89,100.00 | $0.00 | $0 |
| 2025-08-08 | Capponi Vincent | A-Award | 111,100.00 | $1.00 | $111,100 |
| 2025-08-08 | Deliargyris Efthymios | A-Award | 70,000.00 | $0.00 | $0 |
| 2025-08-08 | Deliargyris Efthymios | A-Award | 95,000.00 | $1.00 | $95,000 |
| 2025-08-08 | Sobel Alan D. | A-Award | 22,000.00 | $1.00 | $22,000 |
| 2025-02-24 | BATOR MICHAEL G. | O-OutOfTheMoney | 10,000.00 | $1.13 | $11,300 |
| 2025-02-24 | BATOR MICHAEL G. | O-OutOfTheMoney | 15,879.00 | $1.13 | $17,943 |
| 2025-02-24 | Capponi Vincent | O-OutOfTheMoney | 12,000.00 | $1.13 | $13,560 |
| 2025-02-24 | Capponi Vincent | O-OutOfTheMoney | 12,000.00 | $1.13 | $13,560 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for CTSO — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30