Biodexa Pharmaceuticals Plc (BDRX)
Biodexa Pharmaceuticals Plc, a biopharmaceutical company in the clinical development stage, is dedicated to advancing a diverse portfolio of products. Founded in 2000 and headquartered in Cardiff, United Kingdom, the company was formerly known as Midatech Pharma plc until its rebranding in March 2023. Its research and development efforts are focused on addressing significant unmet medical needs, including familial adenomatous polyposis, non-muscle invasive bladder cancer, Type 1 diabetes, and a spectrum of rare or orphan brain cancers. The company's primary drug candidate, Tolimidone, a selective activator of the lyn kinase enzyme, is currently undergoing Phase II clinical trials for the management of Type 1 diabetes. Additionally, Biodexa is progressing MTX110 through Phase I studies as an investigational treatment targeting specific challenging brain malignancies such as diffuse intrinsic recurrent glioblastoma, diffuse midline glioma, and medulloblastoma. Beyond its direct drug pipeline, Biodexa Pharmaceuticals also provides a suite of advanced drug delivery platforms designed to optimize therapeutic efficacy. These include Q-Sphera, a microtechnology utilizing polymer microspheres for controlled, sustained release of medications; MidaSolve, an oligosaccharide nanotechnology that facilitates the solubilization of drugs, enabling their direct and localized administration into tumor sites; and MidaCore, which employs gold nanoparticles for precise targeting of diseased areas, allowing for the delivery of either chemotherapeutic or immunotherapeutic agents. The company has established strategic collaboration agreements with pharmaceutical industry leaders Janssen and Melior.
Sector: Pharmaceutical Preparations
Industry: Biotechnology
Biodexa Pharmaceuticals Plc
Past the 1:250 Nasdaq cap, ineligible for a bid-price compliance period
- 1:8Reverse splitOct 26, 20268 shares → 1
- 1:10,000Reverse splitJul 29, 202610,000 shares → 1
- 1:5Reverse splitApr 6, 20265 shares → 1
- 1:10Reverse splitJul 31, 202510 shares → 1
- 1:25Reverse splitOct 4, 202425 shares → 1
- 1:80Reverse splitJul 5, 202380 shares → 1
- 1:4Reverse splitMar 27, 20234 shares → 1
- 1:5Reverse splitSep 26, 20225 shares → 1
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $0 | $0 | $510K | $937K | $774K | $460K | $903K | $2.6M | $1.33M | $1.77M | $1.84M | $210K | $197K | $0 |
| YoY Growth | - | - | -45.5% | 20.9% | 68.5% | -49.1% | -65.2% | 96.0% | -25.2% | -3.8% | 775.8% | 6.8% | - | - |
| Cost of Revenue | $248K | $7.28M | $5.45M | $6.85M | $6.24M | $8.13M | $10.51M | $12.54M | $11.16M | $10.36M | $94K | $0 | $0 | $0 |
| Gross Profit | -$248K | -$7.28M | -$4.94M | -$5.91M | -$5.46M | -$7.67M | -$9.61M | -$9.94M | -$9.83M | -$8.58M | $1.75M | $210K | $197K | $0 |
| Gross Margin | - | - | -967.5% | -631.2% | -705.2% | -1669.1% | -1063.6% | -382.9% | -742.2% | -484.3% | 94.9% | 100.0% | 100.0% | - |
| Research and Development | $5M | $7.28M | $5.45M | $6.85M | $6.24M | $21.63M | $10.51M | $12.54M | $13.17M | $10.36M | $11.67M | $7.29M | $3.81M | $2.21M |
| Selling, General, and Administrative | $6.48M | $5.08M | $5.82M | $6.09M | $3.95M | $6.64M | $5.58M | $5.89M | $5.94M | $4.35M | $3.6M | $5.67M | $2.42M | $3.16M |
| Other | -$647K | -$7.33M | -$5.47M | -$6.88M | -$6.27M | -$5.08M | -$11.18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $10.83M | $5.04M | $5.8M | $6.06M | $3.92M | $23.2M | $4.91M | $5.89M | $7.42M | $2.78M | $16.86M | $13.19M | $6.23M | $5.37M |
| Operating Income (EBIT) | -$11.08M | -$12.33M | -$10.74M | -$11.97M | -$9.38M | -$30.87M | -$15.16M | -$15.83M | -$15.78M | -$12.93M | -$13.52M | -$10.34M | -$6.03M | -$5.37M |
| Operating Margin | - | - | -2103.4% | -1277.8% | -1210.7% | -6717.2% | -1679.2% | -609.6% | -1190.7% | -729.6% | -734.0% | -4914.0% | -3060.5% | - |
| Interest Expense | $92K | $0 | $55K | $71K | $59K | $46K | $130K | $787K | $146K | $0 | $0 | $216K | $332K | $0 |
| Interest Income | $117K | $3K | $111K | $39K | $0 | $1K | $11K | $3K | $20K | $122K | $64K | $11K | $515K | $746K |
| Other Income (Expense) | $2.58M | $4.31M | $709K | $595K | $1.2M | -$576K | $529K | -$784K | -$1.6M | $1.69M | $2.26M | -$205K | -$515K | -$746K |
| Income Before Tax (EBT) | -$8.5M | -$8.01M | -$10.03M | -$11.37M | -$8.18M | -$31.45M | -$14.64M | -$16.61M | -$17.38M | -$11.24M | -$15.05M | -$13.18M | -$6.54M | -$6.12M |
| Income Tax Expense | -$138K | -$335K | -$544K | -$1.11M | -$866K | -$1.72M | -$2.39M | -$2.72M | -$1.69M | -$2.98M | -$1.52M | -$1.36M | -$1.07M | -$765K |
| Net Income | -$8.37M | -$7.68M | -$9.49M | -$10.26M | -$7.32M | -$29.73M | -$13.51M | -$13.89M | -$15.68M | -$8.26M | -$13.53M | -$11.82M | -$5.47M | -$5.35M |
| Net Income Margin | - | - | -1858.0% | -1095.3% | -944.6% | -6469.1% | -1496.3% | -535.0% | -1183.5% | -465.7% | -734.5% | -5619.1% | -2778.2% | - |
| Supplementary Data | ||||||||||||||
| EPS | -400.00 | -3705.65 | -69640.00 | -4770680.00 | -4661590.00 | -33209775.00 | -35095575.00 | -292803790.00 | -397196150.00 | -740868715.00 | -536944425.00 | -1577747295.00 | -229264380.00 | -216922555.00 |
| Diluted EPS | -400.00 | -3705.65 | -69640.00 | -4770680.00 | -4661590.00 | -33209775.00 | -35095575.00 | -292803790.00 | -397196150.00 | -740868715.00 | -536944425.00 | -1577747295.00 | -229264380.00 | -216922555.00 |
| Weighted Average OS | 21,944 | 1,981 | 126 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | -$10.83M | -$11.99M | -$9.59M | -$10.84M | -$7.58M | -$29.77M | -$12.78M | -$14.34M | -$14.21M | -$7.1M | -$14.06M | -$12.54M | -$5.7M | -$5.11M |
| EBITDA Margin | - | - | -1879.5% | -1157.7% | -979.1% | -6477.8% | -1415.6% | -552.3% | -1072.7% | -400.8% | -762.9% | -5959.9% | -2893.2% | - |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $11.41M | $2.24M | $8M | $3.8M | $13.48M | $10.11M | $14.64M | $3.14M | $17.69M | $23.59M | $21.67M | $40.63M | $3.2M | $290K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $11.41M | $2.24M | $8M | $3.8M | $13.48M | $10.11M | $14.64M | $3.14M | $17.69M | $23.59M | $21.67M | $40.63M | $3.2M | $290K |
| Accounts Receivable | $297K | $958K | $943K | $441K | $44K | $127K | $2.43M | $119K | $2.99M | $1.91M | $1.32M | $253K | $214K | $2.01M |
| Inventory | $0 | $0 | -$943K | $0 | $0 | $0 | $0 | $0 | $1.26M | $1.09M | $615K | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $943K | $1.54M | $1.43M | $1.84M | $1.13M | $4.08M | $2.12M | $2.5M | $2.72M | $1.43M | $1.98M | $1 |
| Total Current Assets | $16.64M | $11.8M | $9.42M | $6.28M | $15.76M | $12.43M | $18.41M | $7.53M | $24.9M | $29.88M | $27.24M | $42.38M | $5.49M | $2.39M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $122K | $434K | $765K | $1.11M | $1.54M | $726K | $2.89M | $2.66M | $3.39M | $3.71M | $2.66M | $2.03M | $916K | $1.91M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $3.07M | $3.07M | $18.01M | $19.41M | $16.69M | $3.07M | $0 | $0 |
| Intangible Assets | $7.55M | $7.57M | $3.94M | $8K | $0 | $0 | $13.52M | $13.51M | $19.03M | $22.35M | $38.7M | $14.47M | $5K | $4K |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16K | $536K |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $3.52M | $628K | $623K | $600K | $519K | $569K | $508K | $0 |
| Total Long-Term Assets | $7.67M | $8M | $4.71M | $1.12M | $1.54M | $726K | $22.99M | $19.87M | $41.06M | $46.07M | $58.57M | $20.15M | $1.45M | $2.45M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $24.32M | $19.8M | $14.13M | $7.4M | $17.3M | $13.15M | $41.4M | $27.39M | $65.95M | $75.96M | $85.81M | $62.52M | $6.93M | $4.84M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $130K | $947K | $421K | $454K | $650K | $452K | $971K | $383K | $3.04M | $4.38M | $3.06M | $1.31M | $699K | $1.23M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $143K | $240K | $386K | $431K | $679K | $498K | $608K | $1.61M | $4.96M |
| Current Income Tax Payable | $0 | $67K | $83K | $103K | $75K | $42K | $115K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $764K | $1.97M | $0 | $264K | $0 | $91K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.15M |
| Other Current Liabilities | $4.65M | $1.23M | $5.67M | $517K | $890K | $2.17M | $3.7M | $1.06M | $3.54M | $4.74M | $4.38M | $841K | $626K | $3.69M |
| Total Current Liabilities | $8.2M | $6.75M | $7.46M | $2.55M | $2.47M | $4M | $7.59M | $3.31M | $11.21M | $12.52M | $12.19M | $3.79M | $3.08M | $11.03M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $6.38M | $957K | $8.25M | $2.1M | $1.93M | $1.99M | $2.79M | $4.72M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $863K | $1.75M | $0 | $0 | -$628 | $67K | $0 | $221K | $0 | $0 | $8.77M | $474K | $0 | $0 |
| Total Long-Term Liabilities | $863K | $1.91M | $395K | $620K | $830K | $147K | $7.6M | $1.41M | $8.29M | $2.17M | $10.79M | $2.47M | $2.84M | $4.89M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 |
| Total Liabilities | $9.06M | $8.65M | $7.86M | $3.17M | $3.3M | $4.15M | $15.19M | $4.72M | $19.49M | $14.69M | $22.98M | $6.26M | $5.91M | $15.93M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $18.86M | $8.96M | $1.59M | $145K | $132K | $84K | $31K | $4K | $4K | $3K | $3K | $1K | $0 | $0 |
| Retained Earnings | -$137.51M | -$201.55M | -$193.97M | -$181.34M | -$171.24M | -$164.05M | -$133.77M | -$120.21M | -$100.03M | -$79.2M | -$52.46M | -$39.15M | -$27.33M | -$37.45M |
| Comprehensive Income & Other | $1.59M | $71.02M | $82.43M | $71.02M | $71.02M | $73.32M | $71.68M | $71.95M | $75.55M | $77.21M | $72.88M | $53.02M | $190K | $298K |
| Other Stockholders' Equity | $133.9M | $203.74M | $198.65M | $185.43M | $185.12M | $172.96M | $159.95M | $142.89M | $146.49M | $140.46M | $115.28M | $95.41M | $28.35M | $26.36M |
| Total Equity | $15.25M | $11.15M | $6.27M | $4.24M | $14.01M | $9M | $26.21M | $22.68M | $46.46M | $61.27M | $62.82M | $56.26M | $1.02M | -$11.09M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $24.32M | $19.8M | $14.13M | $7.4M | $17.3M | $13.15M | $41.4M | $27.39M | $65.95M | $75.96M | $85.81M | $62.52M | $6.93M | $4.84M |
| Supplementary Data | ||||||||||||||
| Total Debt | $82K | $974K | $622K | $836K | $1.03M | $348K | $8.15M | $1.68M | $8.77M | $2.89M | $2.61M | $2.6M | $4.51M | $9.85M |
| Net Debt | -$11.33M | -$1.26M | -$7.38M | -$2.96M | -$12.45M | -$9.76M | -$6.49M | -$1.46M | -$8.92M | -$20.7M | -$19.06M | -$38.03M | $1.31M | $9.56M |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$8.55M | -$7.68M | -$9.49M | -$10.26M | -$7.32M | -$29.73M | -$13.51M | -$20.14M | -$21.52M | -$27.01M | -$13.53M | -$11.82M | -$5.47M | -$5.35M |
| Depreciation & Amortization | $248K | $340K | $379K | $460K | $540K | $1.63M | $1.72M | $1.49M | $1.56M | $5.83M | $986K | $430K | $330K | $260K |
| Deferred Income Tax | -$141K | -$335K | -$544K | -$1.11M | $628K | $17.69M | -$2.39M | $0 | $0 | $0 | $1.92M | $0 | $0 | $0 |
| Stock-Based Compensation | $228K | $379K | $38K | $165K | $119K | -$541K | -$46K | $0 | $0 | $0 | $228K | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $3.45M | -$8.01M | $489K | $9K | -$653K | $661K | $971K | $1.38M | -$1.3M | -$324K | -$2.06M | $1.02M | -$592K | -$226K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $465K | -$271K | -$318K | -$83K | $0 | $0 | $0 |
| Accounts Payable | -$1.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $3M | -$555K | $687K | -$174K | -$2.75M | $1.44M | $221K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $2.25M | -$5.01M | -$66K | $697K | -$827K | -$2.09M | $2.41M | $2.07M | -$1.57M | -$642K | -$2.15M | $1.02M | -$592K | -$226K |
| Other Non-Cash Items | -$1.26M | -$4.13M | $532K | $608K | -$1.2M | $576K | $3.12M | -$1.44M | $4.17M | $4.29M | -$2.18M | $3.06M | -$209K | $782K |
| Net Cash from Operating | -$7.23M | -$16.43M | -$9.15M | -$9.44M | -$8.05M | -$12.46M | -$8.69M | -$18.02M | -$17.36M | -$17.53M | -$16.64M | -$7.31M | -$5.94M | -$4.31M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$906K | -$12K | -$35K | -$83K | -$429K | -$280K | -$427K | -$327K | -$947K | -$1.8M | -$1.24M | -$1.38M | -$63K | -$320K |
| Acquisitions | $24K | $0 | $0 | $0 | $0 | $0 | -$1.27M | $0 | $0 | $0 | -$886K | $154K | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | -$3.42M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $3.54M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$789K | -$320K | -$212K | $56K | $193K | $11K | $12.44M | -$1.02M | $194K | $67K | $11K | -$4K | -$79K |
| Net Cash from Investing | -$882K | -$801K | -$355K | -$295K | -$372K | $3.45M | -$5.1M | $12.12M | -$1.97M | -$1.61M | -$2.05M | -$1.22M | -$67K | -$399K |
| Financing Activities | ||||||||||||||
| Debt Repaid | $933K | $249K | $252K | $239K | $288K | $8.28M | -$5.17M | $7.8M | -$6.28M | $228K | $221K | -$729K | -$1.41M | - |
| Common Stock Issuance | $18.02M | $11.14M | $13.97M | $326K | $12.11M | $13.05M | $18.9M | $0 | $7.67M | $0 | $0 | $45.36M | $7.77M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $20K | -$318K | -$17K | -$24K | -$20K | -$638K | $1.03M | -$787K | -$182K | $20.76M | -$7K | -$129K | -$145K | -$167K |
| Net Cash from Financing | $17.11M | $11.47M | $13.7M | $63K | $11.8M | $4.13M | $25.1M | -$8.67M | $13.77M | $20.44M | -$293K | $45.96M | $9.03M | -$167K |
| Forex Effect | $339K | $0 | $0 | $0 | -$11K | $350K | $198K | $25K | -$346K | $624K | $31K | $0 | $0 | $5.05M |
| Net Change in Cash | $9.34M | -$5.76M | $4.2M | -$9.68M | $3.36M | -$4.53M | $11.5M | -$14.55M | -$5.9M | $1.92M | -$18.96M | $37.43M | $3.02M | $178K |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | -$7.23M | -$16.43M | -$9.15M | -$9.44M | -$8.05M | -$12.46M | -$8.69M | -$18.02M | -$17.36M | -$17.53M | -$16.64M | -$7.31M | -$5.94M | -$4.31M |
| Capital Expenditure | -$3K | -$1.04M | -$352K | -$83K | -$429K | -$280K | -$427K | -$327K | -$947K | -$1.8M | -$1.24M | -$1.38M | -$63K | -$320K |
| Free Cash Flow | -$7.23M | -$17.47M | -$9.5M | -$9.53M | -$8.48M | -$12.74M | -$9.12M | -$18.35M | -$18.3M | -$19.34M | -$17.88M | -$8.69M | -$6.01M | -$4.63M |
| Cash at Beginning | $2.08M | $8M | $3.8M | $13.48M | $10.11M | $14.64M | $3.14M | $17.69M | $23.59M | $21.67M | $40.63M | $3.2M | $178K | $0 |
| Cash at End | $11.41M | $2.24M | $8M | $3.8M | $13.48M | $10.11M | $14.64M | $3.14M | $17.69M | $23.59M | $21.67M | $40.63M | $3.2M | $178K |