Healthcare · Biotechnology
Price
$4.23
Market Cap
$349.3M
Employees
18
Beta
0.55
Avg Volume
974,059
CEO
George Magrath
Business Description
Opus Genetics, Inc. is a clinical-stage biopharmaceutical company focused on ophthalmology. The company is dedicated to discovering and commercializing innovative therapies to address significant unmet medical needs in patients suffering from refractive and retinal eye disorders. Its portfolio includes Phentolamine Ophthalmic Solution, currently used to reverse pharmacologically induced mydriasis (pupil dilation). This solution is also advancing through Phase III clinical trials for the treatment of presbyopia and impaired vision in dim light or at night. A leading candidate in its retinal pipeline is APX3330, a small-molecule inhibitor targeting the reduction oxidation effector factor-1 protein. APX3330 has successfully completed Phase II clinical trials for diabetic retinopathy. Furthermore, Opus Genetics is developing APX2009 and APX2014, two preclinical product candidates also aimed at various retinal indications. Originally founded in 2018 as Ocuphire Pharma, Inc., the company maintains its headquarters in Farmington Hills, Michigan.
Business History
Price Overview
Price at report time · Jul 5, 4:04am (0m ago)
$4.23
Change · Jul 5
+0.05 (+1.20%)
Day Range
$4.11 – $4.35
52-Week Range
$0.98 – $5.81
50-Day MA
$4.47
200-Day MA
$3.28
Volume
846,032.00
Right now · live
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Real-time — the change above is the move since the report (over 0m).
Analyst Price Targets
Low
$7.00
Consensus
$8.80
High
$10.00
(6 analysts)
Share Structure
Outstanding
82,565,835.00
Float
34,978,921.00
Free Float
42.4%
Moderate free float
— 42.4% of shares trade freely, ~57.6% held by insiders/institutions
Reasonable but insiders still hold a significant stake. This can be positive (skin in the game) but may limit liquidity during sell-offs.
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)
-5.29
Stock Price: $4.23
EPS (Diluted): -0.80
EPS (Diluted): -0.80
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
81.49
Stock Price: $4.23
Total Equity: $15.35M
Shares: 622,219,010
Total Equity: $15.35M
Shares: 622,219,010
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-3.01
Market Cap: $349.25M
Total Debt: $0.00
Cash: $45.09M
EBITDA: -$48.07M
Total Debt: $0.00
Cash: $45.09M
EBITDA: -$48.07M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$1.2B
Market Cap: $349.25M
Total Debt: $0.00
Cash: $45.09M
Total Debt: $0.00
Cash: $45.09M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
88.10
Stock Price: $4.23
Revenue: $14.20M
Shares: 622,219,010
Revenue: $14.20M
Shares: 622,219,010
EV/Sales (Total value vs revenue — works when P/E can't)
API84.92
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
100.0%
Gross Profit: $14.20M
Revenue: $14.20M
Revenue: $14.20M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-271.9%
Operating Income: -$38.60M
Revenue: $14.20M
Revenue: $14.20M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-349.3%
Net Income: -$49.59M
Revenue: $14.20M
Revenue: $14.20M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
6,068.8%
Net Income: -$49.59M
Total Equity: $15.35M
Total Equity: $15.35M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-74.9%
Operating Income: -$38.60M
Tax Rate: 0.0%
Equity: $15.35M
Total Debt: $0.00
Cash: $45.09M
Tax Rate: 0.0%
Equity: $15.35M
Total Debt: $0.00
Cash: $45.09M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
6.43
Current Assets: $50.04M
Current Liabilities: $7.78M
Current Liabilities: $7.78M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $15.35M
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $15.35M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$0.02
Revenue: $14.20M
Shares: 622,219,010
Shares: 622,219,010
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$0.02
Total Equity: $15.35M
Shares: 622,219,010
Shares: 622,219,010
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.06
Operating CF: -$35.25M
CapEx: $0.00
Shares: 622,219,010
CapEx: $0.00
Shares: 622,219,010
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $4.23
Stock Price: $4.23
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$49.59M
Net Income: -$49.59M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares IRD 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: Jul 5, 2026 4:04am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $589,000 | $39.9M | $19.0M | $11.0M | $14.2M |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $589,000 | $39.9M | $19.0M | $11.0M | $14.2M |
| Operating Expenses | $23.3M | $21.6M | $29.6M | $73.1M | $52.8M |
| Operating Income | -$22.7M | $18.2M | -$10.6M | -$62.1M | -$38.6M |
| Net Income | -$56.7M | $17.9M | -$10.0M | -$57.5M | -$49.6M |
| EBITDA | -$56.7M | $18.2M | -$10.0M | -$57.5M | -$48.1M |
| EPS | $-3.82 | $0.90 | $-0.46 | $-2.15 | $-0.80 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 5, 2026 4:04am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $24.5M | $42.6M | $50.5M | $30.3M | $45.1M |
| Total Current Assets | $26.1M | $49.0M | $53.9M | $36.6M | $50.0M |
| Total Assets | $26.1M | $49.0M | $53.9M | $36.9M | $50.2M |
| Current Liabilities | $3.9M | $2.8M | $4.0M | $11.3M | $7.8M |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $3.9M | $2.8M | $4.0M | $30.1M | $34.9M |
| Total Equity | $22.2M | $46.2M | $49.9M | $6.7M | $15.3M |
| Retained Earnings | -$89.4M | -$71.5M | -$81.5M | -$139.0M | -$188.6M |
Cash Flow (Annual)
Last updated: Jul 5, 2026 4:04am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$19.4M | $14.3M | -$1.1M | -$25.6M | -$35.3M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | -$19.4M | $14.3M | -$1.1M | -$25.6M | -$35.3M |
| Acquisitions (net) | $0 | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $-79,000 | $-152,000 |
| Net Change in Cash | $8.1M | $18.1M | $7.9M | -$20.2M | $14.8M |
Analyst Estimates (Annual)
Last updated: Jul 5, 2026 4:04am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$15.2M $1.9M – $31.0M
|
$47.5M $13.9M – $86.0M
|
$149.7M $44.0M – $271.3M
|
$313.7M $92.1M – $568.3M
|
| EBITDA |
-$9.3M -$19.0M – -$1.1M
|
-$29.1M -$52.7M – -$8.5M
|
-$91.8M -$166.3M – -$27.0M
|
-$192.4M -$348.5M – -$56.5M
|
| Net Income |
-$483.1M -$704.7M – -$261.4M
|
-$208.6M -$344.1M – -$73.2M
|
$565,597 $46,318 – $1.2M
|
$582.4M $47.7M – $1.2B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 5, 2026 4:04am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +6,665.7% | -52.2% | -42.3% | +29.1% |
| Gross Profit Growth | +6,665.7% | -52.2% | -42.3% | +29.1% |
| Operating Income Growth | +180.3% | -158.0% | -487.7% | +37.8% |
| Net Income Growth | +131.6% | -155.8% | -476.1% | +13.8% |
| EBITDA Growth | +132.1% | -154.7% | -477.1% | +16.4% |
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 |
|---|---|---|---|---|---|
| 2026-05-18 | Foundation Fighting Blindness Retinal Degeneration Fund | S-Sale | 1,700,000.00 | $4.35 | $7.4M |
| 2026-04-23 | YERXA BENJAMIN R | S-Sale | 7,470.00 | $5.24 | $39,121 |
| 2026-04-23 | SCHACHLE JOSEPH K | S-Sale | 4,697.00 | $5.22 | $24,519 |
| 2026-04-23 | Zaremba Rabourn Amy | S-Sale | 1,641.00 | $5.20 | $8,540 |
| 2026-04-23 | Magrath George | S-Sale | 9,511.00 | $5.22 | $49,647 |
| 2026-04-23 | Jayagopal Ashwath | S-Sale | 7,542.00 | $5.19 | $39,156 |
| 2026-04-23 | Gagnon Robert E. | S-Sale | 7,842.00 | $5.18 | $40,658 |
| 2026-04-20 | Rodgers Richard J | A-Award | 24,367.00 | $0.00 | $0 |
| 2026-04-20 | MANUSO JAMES S J | A-Award | 24,367.00 | $0.00 | $0 |
| 2026-04-20 | Graves Adrienne L | A-Award | 24,367.00 | $0.00 | $0 |
| 2026-04-20 | Gallagher Cam | A-Award | 24,367.00 | $0.00 | $0 |
| 2026-04-20 | Benton Susan | A-Award | 24,367.00 | $0.00 | $0 |
| 2026-04-20 | Bennett Jean | A-Award | 24,367.00 | $0.00 | $0 |
| 2026-04-20 | Ainsworth Sean | A-Award | 24,367.00 | $0.00 | $0 |
| 2026-03-16 | SCHACHLE JOSEPH K | S-Sale | 3,719.00 | $5.25 | $19,525 |
| 2026-03-16 | Zaremba Rabourn Amy | S-Sale | 2,816.00 | $5.25 | $14,770 |
| 2026-03-16 | Magrath George | S-Sale | 24,438.00 | $5.21 | $127,327 |
| 2026-03-16 | Jayagopal Ashwath | S-Sale | 3,719.00 | $5.12 | $19,046 |
| 2026-02-12 | Jayagopal Ashwath | F-InKind | 5,313.00 | $3.39 | $18,011 |
| 2026-01-22 | YERXA BENJAMIN R | A-Award | 400,000.00 | $0.00 | $0 |
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 IRD — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.377 · 1648bd22 · 2026-07-04 14:36:23