Business Description
Soligenix, Inc., a biopharmaceutical firm in its advanced development stages, concentrates on bringing innovative products to market within the United States, specifically targeting rare illnesses. The company's operations are divided into two main divisions: Specialized BioTherapeutics and Public Health Solutions. Within the Specialized BioTherapeutics division, Soligenix is advancing SGX301 (marketed as HyBryte), a novel photodynamic treatment that has successfully completed its Phase III clinical trials for managing cutaneous T-cell lymphoma. This segment also includes SGX942, an innate defense regulator technology currently undergoing Phase III trials for various inflammatory conditions, notably oral mucositis in patients with head and neck cancer. Additionally, this division is pursuing proprietary oral formulations of beclomethasone 17,21-dipropionate designed to prevent or treat severe inflammatory gastrointestinal disorders, such as SGX203 for pediatric Crohn's disease. Another candidate, SGX302, is currently in Phase I/II clinical development for addressing mild-to-moderate psoriasis. The Public Health Solutions segment is dedicated to developing several critical assets. These include RiVax, a vaccine candidate against ricin toxin, which has successfully completed Phase Ia and Ib clinical evaluations; SGX943, a therapeutic agent in pre-clinical studies aimed at combating antibiotic-resistant and emerging infectious diseases; ThermoVax, an early-stage technology focused on enhancing vaccine thermostability; and CiVax, a pre-clinical vaccine candidate intended for COVID-19 prevention. Soligenix, Inc. was originally established as DOR BioPharma, Inc. before adopting its current name in 2009. Founded in 1987, the company maintains its corporate headquarters in Princeton, New Jersey.
Business History
Price History (1 Year)
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): -2.14
Total Equity: $5.29M
Shares: 5,188,799
Total Debt: $0.00
Cash: $7.94M
EBITDA: -$11.58M
Total Debt: $0.00
Cash: $7.94M
Revenue: $0.00
Shares: 5,188,799
Revenue: $0.00
Revenue: $0.00
Revenue: $0.00
Total Equity: $5.29M
Tax Rate: 4.4%
Equity: $5.29M
Total Debt: $0.00
Cash: $7.94M
Current Liabilities: $3.70M
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $5.29M
Shares: 5,188,799
Shares: 5,188,799
CapEx: -$5,883
Shares: 5,188,799
Stock Price: $0.41
Net Income: -$11.08M
Industry Benchmarks
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
Income Statement (Annual)
Last updated: Jun 25, 2026 2:37am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $33,351 | $250,000 | $0 | $0 | $0 |
| Cost of Revenue | $728,640 | $550,822 | $742,048 | $119,371 | $0 |
| Gross Profit | $-695,289 | $-300,822 | $-742,048 | $-119,371 | $0 |
| Operating Expenses | $12.4M | $13.9M | $7.0M | $9.3M | $11.8M |
| Operating Income | -$13.1M | -$14.2M | -$7.7M | -$9.4M | -$11.8M |
| Net Income | -$12.6M | -$13.8M | -$6.1M | -$8.3M | -$11.1M |
| EBITDA | -$12.5M | -$14.1M | -$7.7M | -$9.5M | -$11.6M |
| EPS | $-67.54 | $-76.96 | $-12.66 | $-4.98 | $-2.14 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 25, 2026 2:37am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $26.0M | $13.4M | $8.4M | $7.8M | $7.9M |
| Total Current Assets | $26.6M | $13.9M | $9.5M | $8.8M | $8.8M |
| Total Assets | $26.9M | $14.3M | $9.8M | $9.0M | $9.2M |
| Current Liabilities | $6.3M | $16.5M | $6.2M | $4.8M | $3.7M |
| Long-Term Debt | $9.9M | $0 | $1.0M | $0 | $0 |
| Total Liabilities | $16.1M | $16.8M | $7.3M | $4.8M | $3.9M |
| Total Equity | $10.7M | -$2.5M | $2.5M | $4.1M | $5.3M |
| Retained Earnings | -$205.8M | -$219.6M | -$225.7M | -$234.0M | -$245.1M |
Cash Flow (Annual)
Last updated: Jun 25, 2026 2:37am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$11.7M | -$12.6M | -$8.6M | -$8.4M | -$10.3M |
| Capital Expenditure | $-11,789 | $-13,073 | $0 | $0 | $-5,883 |
| Free Cash Flow | -$11.8M | -$12.7M | -$8.6M | -$8.4M | -$10.3M |
| Acquisitions (net) | $0 | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $7.4M | -$12.7M | -$4.9M | $-626,644 | $116,639 |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 5:18pm (15h ago)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$800,000 $800,000 – $800,000
|
$800,000 $800,000 – $800,000
|
$1.0M $1.0M – $1.0M
|
$0 |
| EBITDA |
$159,999 $159,999 – $159,999
|
$159,999 $159,999 – $159,999
|
$199,999 $199,999 – $199,999
|
$0 |
| Net Income |
-$11.2M -$11.2M – -$11.2M
|
-$2.1M -$2.1M – -$2.1M
|
-$1.3M -$1.3M – -$1.3M
|
-$3.7M -$3.7M – -$3.7M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 25, 2026 2:37am (2d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +649.6% | -100.0% | — | — |
| Gross Profit Growth | +56.7% | -146.7% | +83.9% | +100.0% |
| Operating Income Growth | -8.7% | +45.9% | -22.6% | -25.5% |
| Net Income Growth | -9.9% | +55.5% | -34.6% | -34.0% |
| EBITDA Growth | -13.1% | +45.6% | -23.4% | -22.5% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 5:01am (4h ago)All SEC Form 4 codes
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
- 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.
- 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.
- 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.
- 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 |
|---|---|---|---|---|---|
| 2025-12-11 | Straube Richard | A-Award | 10,000.00 | $1.63 | $16,300 |
| 2025-12-11 | Donini Oreola | A-Award | 100,000.00 | $1.63 | $163,000 |
| 2025-12-11 | Guarino Jonathan L. | A-Award | 100,000.00 | $1.63 | $163,000 |
| 2025-12-11 | SCHABER CHRISTOPHER J | A-Award | 200,000.00 | $1.63 | $326,000 |
| 2025-10-02 | SCHABER CHRISTOPHER J | P-Purchase | 15,132.00 | $1.32 | $20,000 |
| 2025-06-20 | LAPOINTE ANTHONY GREGG | A-Award | 17,647.00 | $1.70 | $30,000 |
| 2025-06-20 | ZELDIS JEROME B | A-Award | 17,647.00 | $1.70 | $30,000 |
| 2025-06-20 | RUBIN ROBERT J. | A-Award | 17,647.00 | $1.70 | $30,000 |
| 2025-06-20 | Parks Diane L. | A-Award | 17,647.00 | $1.70 | $30,000 |
| 2024-12-12 | Parks Diane L. | A-Award | 8,646.00 | $3.47 | $30,002 |
| 2024-12-12 | Donini Oreola | A-Award | 20,000.00 | $3.31 | $66,200 |
| 2024-12-12 | Guarino Jonathan L. | A-Award | 20,000.00 | $3.31 | $66,200 |
| 2024-12-12 | Straube Richard | A-Award | 12,000.00 | $3.31 | $39,720 |
| 2024-12-12 | SCHABER CHRISTOPHER J | A-Award | 45,000.00 | $3.31 | $148,950 |
| 2024-12-12 | LAPOINTE ANTHONY GREGG | A-Award | 8,646.00 | $3.47 | $30,002 |
| 2024-12-12 | ZELDIS JEROME B | A-Award | 8,646.00 | $3.47 | $30,002 |
| 2024-12-12 | RUBIN ROBERT J. | A-Award | 8,646.00 | $3.47 | $30,002 |
| 2023-12-15 | ZELDIS JEROME B | A-Award | 38,136.00 | $0.59 | $22,500 |
| 2023-12-15 | Parks Diane L. | A-Award | 38,136.00 | $0.59 | $22,500 |
| 2023-12-15 | RUBIN ROBERT J. | A-Award | 38,136.00 | $0.59 | $22,500 |
Narrative Economics
market-narrative step).