PURPLE BIOTECH LTD. (PPBT)
Purple Biotech Ltd., a clinical-stage biotechnology firm based in Rehovot, Israel, is dedicated to pioneering treatments that help cancer patients, particularly in the United States, overcome tumor immune evasion and drug resistance. Its pipeline features two primary oncology assets: CM24: A monoclonal antibody designed to block carcinoembryonic antigen-related cell adhesion molecule 1 (CEACAM1). This candidate is undergoing Phase 1b/2 clinical trials, where it is being evaluated as a combination therapy with anti-PD-1 checkpoint inhibitors for non-small cell lung cancer and pancreatic cancer. NT219: A small molecule compound that targets insulin receptor substrate 1 and 2 (IRS1/2) as well as signal transducer and activator of transcription (STAT) pathways. NT219 is currently in Phase 1/2 clinical studies for the treatment of recurrent or metastatic solid tumors and squamous cell carcinoma of the head and neck. The company was formerly known as Kitov Pharma Ltd until its rebranding to Purple Biotech Ltd. in December 2020.
Sector: Pharmaceutical Preparations
Industry: Biotechnology
Purple Biotech Ltd.
NASDAQ:PPBTHealthcare · Biotechnology
+7.34%$1.17
Mkt Cap$1.9M
Float1.6M
O/S1.63M
Vol
$ Vol
RVOL
Inst Own6.6%
SI1.0%
Earnings
Dilution
Financials Summary
Revenue$0
Net Income-$26.39M
Total Assets$17.57M
Free Cash Flow-$5.54M
Debt & Equity
Debt 2%
Equity 98%
Total Debt$244K
Total Equity$9.71M
Shares Outstanding
Short Interest
Split History3 splits · 3 reverse
2-year cumulative
1:10
Nasdaq bars a compliance period at 1:250
- 1:10Reverse splitMar 2, 202610 shares → 1
- 1:20Reverse splitSep 17, 202420 shares → 1
- 1:10Reverse splitAug 21, 202010 shares → 1
Balance Sheet Details
Assets$17.57M
Liabilities$7.91M
Accounts Receivable$155K
Accounts Payable$2.07M
Inventory$0
PP&E (Net)$346K
Goodwill$0
Intangible Assets$7.36M
Income Statement
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $1M | $1M | $100K | $0 | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - | - | 0.0% | 900.0% | - | - | - | - | - |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 | $237K | $80 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $0 | $0 | $0 | $0 | $0 | -$237K | $1M | $1M | $100K | $0 | $0 | $0 | $0 |
| Gross Margin | - | - | - | - | - | - | 100.0% | 100.0% | 100.0% | - | - | - | - |
| Research and Development | $3.73M | $7.62M | $17.03M | $16.32M | $11.83M | $7.29M | $2.28M | $5.27M | $4.64M | $4.18M | $2.56M | $3.19M | $109K |
| Selling, General, and Administrative | $2.98M | $2.94M | $4.84M | $5.96M | $5.82M | $5.81M | $6.08M | $5.19M | $6.39M | $3M | $1.51M | $1.27M | $1.06M |
| Other | $20.74M | $450K | $393K | $321K | $286K | $1 | $356K | $0 | $1.03M | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $27.46M | $11.01M | $22.27M | $22.6M | $17.93M | $13.1M | $8.75M | $8.83M | $12.06M | $7.18M | $4.07M | $5.18M | $1.17M |
| Operating Income (EBIT) | -$27.46M | -$11.01M | -$22.27M | -$22.6M | -$17.93M | -$13.33M | -$7.16M | -$7.83M | -$11.97M | -$7.18M | -$4.07M | -$5.18M | -$2.55M |
| Operating Margin | - | - | - | - | - | - | -715.6% | -782.6% | -11966.0% | - | - | - | - |
| Interest Expense | $39K | $41K | $56K | $67K | $79K | $56K | $181K | $9K | $26K | $6K | $3K | $21K | $48K |
| Interest Income | $227K | $260K | $474K | $532K | $320K | $256K | $151K | $93K | $106K | $138K | $94K | $0 | $0 |
| Other Income (Expense) | $966K | $3.73M | $2.29M | $843K | $108K | -$15.57M | $1.48M | $2.26M | -$1.04M | -$4.94M | -$133K | -$71K | -$75K |
| Income Before Tax (EBT) | -$26.49M | -$7.28M | -$19.98M | -$21.76M | -$17.83M | -$28.9M | -$5.89M | -$5.57M | -$12.91M | -$12.13M | -$4.2M | -$5.25M | -$2.63M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $216K | $0 | $0 | $6K | $0 | $0 | $0 |
| Net Income | -$26.39M | -$7.24M | -$19.88M | -$21.67M | -$18.38M | -$28.2M | -$5.85M | -$5.2M | -$12.18M | -$12.13M | -$4.2M | -$5.25M | -$2.63M |
| Net Income Margin | - | - | - | - | - | - | -585.0% | -520.0% | -12177.0% | - | - | - | - |
| Supplementary Data | |||||||||||||
| EPS | -5.50 | -4.42 | -17.96 | -24.00 | -20.00 | -50.00 | -56.00 | -74.00 | -258.00 | -422.00 | -874.00 | -4688.00 | -6406.00 |
| Diluted EPS | -5.50 | -4.42 | -17.96 | -24.00 | -20.00 | -50.00 | -56.00 | -74.00 | -258.00 | -422.00 | -874.00 | -4688.00 | -6406.00 |
| Weighted Average OS | 4.80M | 1.64M | 1.11M | 902,830 | 910,185 | 562,410 | 105,590 | 71,025 | 47,280 | 28,775 | 4,810 | 1,120 | 410 |
| EBITDA | -$26.25M | -$7.05M | -$19.72M | -$21.49M | -$17.52M | -$13.1M | -$6.14M | -$5.55M | -$12.88M | -$7.04M | -$4.2M | -$4.46M | -$1.2M |
| EBITDA Margin | - | - | - | - | - | - | -613.6% | -555.3% | -12883.0% | - | - | - | - |
Balance Sheet
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $8.72M | $7.4M | $14.49M | $15.03M | $10.89M | $11.25M | $4.38M | $5.16M | $3.95M | $6.76M | $10.56M | $1.31M | $193K |
| Short-Term Investments | $857K | $1.12M | $923K | $17.08M | $36.31M | $46.56M | $2.01M | $0 | $0 | $7.9M | $0 | $0 | $0 |
| Cash and Short-Term Investments | $9.57M | $8.52M | $15.41M | $32.11M | $47.2M | $57.8M | $6.39M | $5.16M | $3.95M | $14.66M | $10.56M | $1.31M | $193K |
| Accounts Receivable | $155K | $275K | $205K | $0 | $0 | $500K | $1.49M | $743K | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | -$1.49M | $778K | $0 | -$7.81M | -$124K | -$420K | $0 |
| Other Current Assets | $137K | $109K | -$34K | $146K | $268K | $197K | $2.18M | $824K | $337K | $0 | $0 | $0 | $38K |
| Total Current Assets | $9.87M | $8.91M | $15.79M | $33.26M | $48.47M | $59.28M | $8.3M | $8.51M | $7.98M | $14.9M | $10.8M | $1.76M | $311K |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $346K | $288K | $470K | $682K | $896K | $968K | $244K | $37K | $28K | $16K | $8K | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $20.66M | $20.46M | $20.46M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $7.36M | $27.84M | $28.04M | $21K | $20K | $20K | $6.17M | $6.17M | $6.17M | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $187K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $160K | $3.07M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $7.71M | $28.13M | $28.51M | $21.37M | $21.73M | $24.52M | $6.42M | $6.21M | $6.2M | $16K | $8K | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $17.57M | $37.04M | $44.3M | $54.62M | $70.2M | $83.8M | $14.72M | $14.72M | $14.18M | $14.91M | $10.81M | $1.76M | $311K |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $2.07M | $1.46M | $3.53M | $2.13M | $1.47M | $1.2M | $1.25M | $705K | $215K | $515K | $353K | $500K | $54K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $294K | $897K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $961K | $0 | $95K | $0 | $0 | -$294K | $0 |
| Other Current Liabilities | $4.41M | $1.15M | $2.52M | $698K | $611K | $584K | $1.58M | $721K | $2.27M | $682K | $690K | $160K | $0 |
| Total Current Liabilities | $7.75M | $3.99M | $9.7M | $7.06M | $4.25M | $3.1M | $3.54M | $3.31M | $4.07M | $1.27M | $1.2M | $986K | $1.26M |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $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 |
| Other Long-Term Liabilities | $160K | $140K | $141K | $145K | $292K | $265K | $285K | $405K | $1.52M | $256K | $185K | $0 | $0 |
| Total Long-Term Liabilities | $160K | $140K | $304K | $466K | $842K | $953K | $313K | $405K | $1.52M | $256K | $185K | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $7.91M | $4.13M | $10.01M | $7.52M | $5.09M | $4.05M | $3.86M | $3.72M | $5.59M | $1.53M | $1.38M | $986K | $1.26M |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$171.08M | -$144.69M | -$137.45M | -$117.58M | -$95.91M | -$77.52M | -$49.52M | -$43.67M | -$38.57M | -$26.2M | -$14.05M | -$9.85M | -$4.6M |
| Comprehensive Income & Other | $28.31M | -$98K | -$79K | $38.08M | $36.78M | $38M | $12.96M | $1.62M | $2.49M | $1.34M | $1.3M | $1.32M | $1M |
| Other Stockholders' Equity | $180.79M | $177.55M | $171.66M | $164.49M | $160.73M | $156.91M | $59.94M | $54.2M | $45.88M | $39.59M | $23.48M | $10.63M | $3.65M |
| Total Equity | $9.71M | $32.86M | $34.21M | $46.91M | $64.83M | $79.39M | $10.42M | $10.52M | $7.31M | $13.38M | $9.43M | $773K | -$946K |
| Minority Interest | -$55K | $51K | $90K | $187K | $279K | $363K | $438K | $481K | $1.28M | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $17.63M | $36.99M | $44.21M | $54.44M | $69.92M | $83.44M | $14.28M | $14.24M | $12.9M | $14.91M | $10.81M | $1.76M | $311K |
| Supplementary Data | |||||||||||||
| Total Debt | $244K | $183K | $351K | $515K | $749K | $895K | $223K | $0 | $0 | $0 | $0 | $294K | $897K |
| Net Debt | -$8.47M | -$7.22M | -$14.14M | -$14.52M | -$10.14M | -$10.35M | -$4.16M | -$5.16M | -$3.95M | -$6.76M | -$10.56M | -$1.02M | $704K |
Cash Flow Statement
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | |||||||||||||
| Net Income | -$26.39M | -$7.28M | -$19.88M | -$21.76M | -$17.83M | -$28.07M | -$5.89M | -$5.57M | -$13.01M | -$12.13M | -$4.2M | -$5.25M | -$2.63M |
| Depreciation & Amortization | $203K | $186K | $197K | $201K | $231K | $235K | $179K | $7K | $4K | $2K | $1K | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$894K | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $309K | $582K | $1.88M | $2.41M | $2.08M | $2.65M | $1.27M | $773K | $2.31M | $400K | $59K | $88K | $296K |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | $154K | $0 | $0 | $313K | -$316K | $501K | $2K | -$1.11M | $0 | $0 | $197K | -$375K | -$110K |
| Inventory | $0 | $0 | $0 | $2.13M | $0 | -$511K | -$2K | $0 | $0 | $0 | $54K | $0 | $0 |
| Accounts Payable | $454K | -$2.08M | $1.33M | $799K | $399K | -$2.33M | $503K | $393K | -$491K | -$138K | -$152K | $453K | -$11K |
| Other Working Capital | $207K | -$2.26M | -$1.06M | $11K | $661K | -$20K | -$163K | -$933K | $613K | $407K | $239K | -$583K | $255K |
| Total Working Capital Change | $814K | -$4.33M | $274K | $3.25M | $744K | -$2.36M | $340K | -$540K | $122K | $269K | $284K | -$130K | $134K |
| Other Non-Cash Items | $19.52M | -$3.52M | -$2.39M | -$843K | -$482K | $15.46M | -$1.48M | -$2.26M | $1.95M | $5.19M | $550K | $768K | $1.69M |
| Net Cash from Operating | -$5.54M | -$14.37M | -$19.93M | -$16.73M | -$15.25M | -$12.09M | -$5.58M | -$8.48M | -$8.63M | -$6.26M | -$3.31M | -$4.53M | -$512K |
| Investing Activities | |||||||||||||
| Capital Expenditures | -$3K | $0 | -$3K | -$228K | -$115K | -$156K | -$11K | -$16K | -$13K | -$10K | -$9K | $0 | $0 |
| Acquisitions | $0 | $0 | -$3.55M | $0 | $0 | $69K | $0 | $0 | -$1.73M | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | -$49.62M | -$2.1M | $0 | $0 | -$7.9M | $0 | $0 | $0 |
| Sales of Investments | $453K | $189K | $16.68M | $19.82M | $13.16M | $41K | $1.51M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $320K | $755K | $324K | $359K | $69K | $151K | $2.06M | $4.52M | -$7.9M | $0 | $0 | $0 |
| Net Cash from Investing | $450K | $509K | $13.88M | $19.91M | $13.41M | -$49.59M | -$449K | $2.04M | $2.77M | -$7.91M | -$9K | $0 | $0 |
| Financing Activities | |||||||||||||
| Debt Repaid | $217K | $183K | $168K | $165K | $153K | $179K | $171K | - | $130K | - | $294K | $736K | - |
| Common Stock Issuance | $6.63M | $5.81M | $1.56M | $1.5M | $1.76M | $27.93M | $2.59M | $4.68M | $2.42M | $6.29M | $14.94M | $6.85M | $0 |
| Common Stock Repurchases | $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 | -$341K | $0 | $0 |
| Other Financing Activities | -$2K | $1.15M | $4.05M | -$219K | -$99K | $40.74M | $2.81M | $3.1M | $576K | $4M | -$1.97M | -$1.03M | $15K |
| Net Cash from Financing | $6.41M | $6.77M | $5.45M | $1.11M | $1.51M | $68.49M | $5.23M | $7.79M | $3M | $10.42M | $12.63M | $5.82M | $701K |
| Forex Effect | -$4K | -$4K | $54K | -$153K | -$24K | $61K | $19K | -$136K | $49K | -$53K | -$70K | -$176K | $4K |
| Net Change in Cash | $1.32M | -$7.09M | -$541K | $4.14M | -$357K | $6.86M | -$778K | $1.22M | -$2.81M | -$3.8M | $9.24M | $1.12M | $193K |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | -$5.54M | -$14.37M | -$19.93M | -$16.73M | -$15.25M | -$12.09M | -$5.58M | -$8.48M | -$8.63M | -$6.26M | -$3.31M | -$4.53M | -$512K |
| Capital Expenditure | -$3K | $0 | -$3K | -$228K | -$115K | -$156K | -$11K | -$16K | -$13K | -$10K | -$9K | $0 | $0 |
| Free Cash Flow | -$5.54M | -$14.37M | -$19.93M | -$16.96M | -$15.37M | -$12.25M | -$5.59M | -$8.5M | -$8.64M | -$6.27M | -$3.32M | -$4.53M | -$512K |
| Cash at Beginning | $7.4M | $14.49M | $15.03M | $10.89M | $11.25M | $4.38M | $5.16M | $3.95M | $6.76M | $10.56M | $1.31M | $193K | $0 |
| Cash at End | $8.72M | $7.4M | $14.49M | $15.03M | $10.89M | $11.25M | $4.38M | $5.16M | $3.95M | $6.76M | $10.56M | $1.31M | $193K |