WGRX (WGRX)
Wellgistics Health, Inc.
NASDAQ:WGRXHealthcare · Medical - Distribution
Mkt Cap$7.49M
Float1.76M
O/S2.51M
Inst Own2.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$23.34M
Net Income-$101.27M
Total Assets$30.46M
Free Cash Flow-$10.86M
Debt & Equity
Debt 201%
Total Debt$24.77M
Total Equity-$12.45M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:50
Nasdaq bars a compliance period at 1:250
- 1:50Reverse splitMay 26, 202650 shares → 1
Balance Sheet Details
Assets$30.46M
Liabilities$42.91M
Accounts Receivable$1.14M
Accounts Payable$11.69M
Inventory$1.64M
PP&E (Net)$1.2M
Goodwill$14.19M
Intangible Assets$10.31M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Revenue | $23.34M | $18.13M | $0 | $32.78M |
| YoY Growth | 28.7% | - | - | - |
| Cost of Revenue | $32.98M | $16.36M | $0 | $27.03M |
| Gross Profit | -$9.64M | $1.77M | $0 | $5.75M |
| Gross Margin | -41.3% | 9.7% | - | 17.5% |
| Research and Development | $0 | $0 | $375 | $1K |
| Selling, General, and Administrative | $71.56M | $6.8M | $2.88M | $7.08M |
| Other | $0 | $1.11M | -$375 | $2.09M |
| Total Operating Expenses | $71.56M | $7.91M | $2.88M | $9.17M |
| Operating Income (EBIT) | -$81.19M | -$6.15M | -$2.88M | -$3.42M |
| Operating Margin | -347.9% | -33.9% | - | -10.4% |
| Interest Expense | $4.58M | $831K | $15K | $287K |
| Interest Income | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$20.08M | -$711K | -$15K | $679K |
| Income Before Tax (EBT) | -$101.27M | -$6.86M | -$2.9M | -$2.74M |
| Income Tax Expense | $0 | $0 | $0 | $0 |
| Net Income | -$101.27M | -$6.86M | -$2.9M | -$2.74M |
| Net Income Margin | -433.9% | -37.8% | - | -8.4% |
| Supplementary Data | ||||
| EPS | -71.50 | -6.50 | -3.00 | -2.90 |
| Diluted EPS | -71.50 | -6.50 | -3.00 | -2.90 |
| Weighted Average OS | 1.42M | 1.04M | 894,400 | 945,042 |
| EBITDA | -$93.48M | -$4.91M | -$2.88M | -$369K |
| EBITDA Margin | -400.6% | -27.1% | - | -1.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Assets | |||
| Current Assets | |||
| Cash and Cash Equivalents | $43K | $1.03M | $1K |
| Short-Term Investments | $0 | $0 | $0 |
| Cash and Short-Term Investments | $43K | $1.03M | $1K |
| Accounts Receivable | $1.14M | $3.75M | $337K |
| Inventory | $1.64M | $9.52M | $0 |
| Other Current Assets | $0 | $875K | $0 |
| Total Current Assets | $2.82M | $15.17M | $338K |
| Long-Term Assets | |||
| Property, Plant & Equipment Net | $1.2M | $1.92M | $0 |
| Goodwill | $14.19M | $16.22M | $0 |
| Intangible Assets | $10.31M | $22.36M | $0 |
| Long-Term Investments | $0 | $18K | $0 |
| Deferred Tax Assets | $0 | $0 | $0 |
| Other Long-Term Assets | $1.94M | $1.65M | $0 |
| Total Long-Term Assets | $27.64M | $42.16M | $0 |
| Other Assets | $0 | $0 | $0 |
| Total Assets | $30.46M | $57.33M | $338K |
| Liabilities | |||
| Current Liabilities | |||
| Accounts Payable | $11.69M | $6.33M | $1.04M |
| Short-Term Debt | $11.07M | $12.04M | $350K |
| Current Income Tax Payable | $0 | $0 | $0 |
| Current Unearned Revenue | $488K | $246K | $0 |
| Other Current Liabilities | $4.59M | $3.11M | $950K |
| Total Current Liabilities | $29.78M | $38.05M | $2.89M |
| Long-Term Liabilities | |||
| Long-Term Debt | $13.13M | $11.46M | $350K |
| Long-Term Unearned Revenue | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 |
| Total Long-Term Liabilities | $13.13M | $12.55M | $350K |
| Other Liabilities | $0 | $0 | $0 |
| Total Liabilities | $42.91M | $50.6M | $3.24M |
| Stockholders' Equity | |||
| Preferred Stock | $0 | $0 | $0 |
| Common Stock | $10K | $5K | $4K |
| Retained Earnings | -$111.03M | -$9.76M | -$2.9M |
| Comprehensive Income & Other | $0 | $0 | $0 |
| Other Stockholders' Equity | $98.57M | $16.49M | -$4K |
| Total Equity | -$12.45M | $6.73M | -$2.9M |
| Minority Interest | $0 | $0 | $0 |
| Total Liabilities and Equity | $30.46M | $57.33M | $338K |
| Supplementary Data | |||
| Total Debt | $24.77M | $25.11M | $700K |
| Net Debt | $24.73M | $24.08M | $699K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Operating Activities | ||||
| Net Income | -$101.27M | -$6.86M | -$2.9M | -$5K |
| Depreciation & Amortization | $3.21M | $1.11M | $0 | $2.09M |
| Deferred Income Tax | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $54.79M | $1.08M | $0 | $0 |
| Changes in Working Capital: | ||||
| Accounts Receivable | $800K | -$40K | -$269K | $0 |
| Inventory | $1.89M | -$72K | $0 | $0 |
| Accounts Payable | $2.2M | -$882K | $1.03M | $5K |
| Other Working Capital | $3.6M | $4.34M | $1.51M | $5K |
| Total Working Capital Change | $8.48M | $3.34M | $2.55M | $5K |
| Other Non-Cash Items | $23.93M | $93K | $0 | -$2.09M |
| Net Cash from Operating | -$10.86M | -$1.22M | -$349K | $0 |
| Investing Activities | ||||
| Capital Expenditures | -$882K | -$377K | $0 | $0 |
| Acquisitions | $0 | $931K | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$85K | $0 | $0 |
| Net Cash from Investing | -$882K | $469K | $0 | $0 |
| Financing Activities | ||||
| Debt Repaid | $2.11M | - | -$350K | - |
| Common Stock Issuance | $12.86M | $10K | $500 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $1.15M | $0 | $0 |
| Net Cash from Financing | $10.75M | $1.78M | $351K | $0 |
| Forex Effect | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$986K | $1.03M | $1K | $0 |
| Supplementary Data | ||||
| Operating Cash Flow | -$10.86M | -$1.22M | -$349K | $0 |
| Capital Expenditure | $0 | -$377K | $0 | $0 |
| Free Cash Flow | -$10.86M | -$1.6M | -$349K | $0 |
| Cash at Beginning | $1.03M | $1K | $0 | $0 |
| Cash at End | $43K | $1.03M | $1K | $0 |