Gemina Laboratories Ltd. (GLABF)
Gemina Laboratories Ltd. is a Canadian biotechnology enterprise primarily focused on the investigation, creation, and commercialization of in vitro diagnostic solutions. The firm's innovation extends to developing unique surface functionalization chemistries specifically designed for the identification of pathogens and various biological markers. A significant ongoing project is the POC Antigen COVID test, a rapid, point-of-care lateral flow assay strip intended to determine active COVID-19 infections. The company maintains its corporate headquarters in Vancouver, Canada.
Industry: Biotechnology
Gemina Laboratories Ltd.
OTC:GLABFHealthcare · Biotechnology
Mkt Cap$3.83M
Float43.67M
O/S76.57M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$15K
Net Income-$1.67M
Total Assets$1.16M
Free Cash Flow-$370K
Debt & Equity
Total Debt$926K
Total Equity-$4.26M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in GLABF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.16M
Liabilities$5.42M
Accounts Receivable$32K
Accounts Payable$2.37M
Inventory$0
PP&E (Net)$26K
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 |
| Revenue | $15K | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - | - |
| Cost of Revenue | $27K | $81K | $67K | $36K | $31K | $9K |
| Gross Profit | -$11K | -$81K | -$67K | -$36K | -$31K | -$9K |
| Gross Margin | -74.4% | - | - | - | - | - |
| Research and Development | $585K | $829K | $1.77M | $2.96M | $1.93M | $362K |
| Selling, General, and Administrative | $999K | $1.88M | $1.86M | $1.28M | $1.42M | $89K |
| Other | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $1.58M | $2.71M | $3.63M | $4.26M | $3.37M | $452K |
| Operating Income (EBIT) | -$1.6M | -$2.79M | -$3.63M | -$4.26M | -$3.37M | -$460K |
| Operating Margin | -10407.0% | - | - | - | - | - |
| Interest Expense | $50K | $117K | $14K | $0 | $384 | $2K |
| Interest Income | $0 | $0 | $0 | $783 | $0 | $0 |
| Other Income (Expense) | -$75K | -$115K | -$93K | $200K | $125K | -$179K |
| Income Before Tax (EBT) | -$1.67M | -$2.9M | -$3.72M | -$4.26M | -$3.38M | -$595K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$1.67M | -$2.9M | -$3.72M | -$4.26M | -$3.38M | -$595K |
| Net Income Margin | -10893.2% | - | - | - | - | - |
| Supplementary Data | ||||||
| EPS | -0.03 | -0.06 | -0.07 | -0.10 | -0.10 | -0.02 |
| Diluted EPS | -0.03 | -0.06 | -0.07 | -0.10 | -0.10 | -0.02 |
| Weighted Average OS | 76.18M | 74.06M | 72.45M | 60.19M | 47.66M | 50.24M |
| EBITDA | -$1.57M | -$2.71M | -$3.64M | -$4.23M | -$3.34M | -$452K |
| EBITDA Margin | -10232.5% | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $343K | $501 | $706 | $59K | $824K | $629K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $11K |
| Cash and Short-Term Investments | $343K | $501 | $706 | $59K | $824K | $640K |
| Accounts Receivable | $32K | $25K | $27K | $275K | $7K | $11K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $1.1M |
| Other Current Assets | $29K | $0 | $0 | $0 | $0 | $1.1M |
| Total Current Assets | $404K | $76K | $66K | $401K | $983K | $1.74M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $26K | $224K | $263K | $226K | $29K | $33K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $710K | $709K | $709K | $709K | $0 | $7K |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $16K | $16K | $0 | $0 | $0 | $18K |
| Total Long-Term Assets | $752K | $949K | $972K | $935K | $29K | $58K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.16M | $1.03M | $1.04M | $1.34M | $1.01M | $1.8M |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $2.37M | $2.04M | $1.19M | $662K | $232K | $60K |
| Short-Term Debt | $926K | $712K | $143K | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $23K |
| Other Current Liabilities | $2.12M | $0 | $527K | $0 | $0 | $1.54M |
| Total Current Liabilities | $5.42M | $4.06M | $2.02M | $1.25M | $335K | $1.66M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $0 | $125K | $147K | $141K | $4K | $27K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $5.42M | $4.19M | $2.17M | $1.39M | $339K | $1.69M |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $9.12M | $8.54M | $8.01M | $5.81M | $4.01M | $709K |
| Retained Earnings | -$16.55M | -$14.85M | -$11.95M | -$8.23M | -$3.97M | -$595K |
| Comprehensive Income & Other | $3.16M | $3.15M | $2.78M | $2.37M | $635K | $0 |
| Other Stockholders' Equity | $3.16M | $3.15M | $2.81M | $2.37M | $635K | $0 |
| Total Equity | -$4.26M | -$3.16M | -$1.13M | -$51K | $673K | $114K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.16M | $1.03M | $1.04M | $1.34M | $1.01M | $1.8M |
| Supplementary Data | ||||||
| Total Debt | $926K | $908K | $346K | $172K | $33K | $70K |
| Net Debt | $583K | $907K | $345K | $112K | -$791K | -$559K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 |
| Operating Activities | ||||||
| Net Income | -$1.67M | -$2.9M | -$3.72M | -$4.26M | -$3.38M | -$595K |
| Depreciation & Amortization | $27K | $81K | $67K | $36K | $31K | $9K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $370K | $403 | $280K | $501K | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$8K | $3K | $248 | -$143K | -$124K | -$3K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $1.2M | $1.42M | $47 | $867K | $204K | $102K |
| Total Working Capital Change | $1.19M | $1.42M | $295 | $724K | $80K | $100K |
| Other Non-Cash Items | $80K | $103K | $1.34M | $7K | $3K | $279K |
| Net Cash from Operating | -$370K | -$927K | -$2.31M | -$3.21M | -$2.76M | -$227K |
| Investing Activities | ||||||
| Capital Expenditures | $0 | $0 | -$29K | -$57K | -$7K | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $24K |
| Purchases of Investments | $0 | $0 | $0 | -$306K | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $13K | $0 | $3K | $13K | -$14K |
| Net Cash from Investing | $0 | $13K | -$29K | -$360K | $6K | $10K |
| Financing Activities | ||||||
| Debt Repaid | - | -$565K | $64K | $45K | $48K | - |
| Common Stock Issuance | -$5K | $0 | $1.86M | $3.06M | $1.72M | $1.94M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$22K | $349K | $348K | -$209K | $1.27M | $1K |
| Net Cash from Financing | $713K | $914K | $2.28M | $2.81M | $2.95M | $1.94M |
| Forex Effect | $31 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $343K | -$205 | -$59K | -$765K | $196K | $1.72M |
| Supplementary Data | ||||||
| Operating Cash Flow | -$370K | -$927K | -$2.31M | -$3.21M | -$2.76M | -$227K |
| Capital Expenditure | $3 | $0 | -$29K | -$57K | -$7K | $0 |
| Free Cash Flow | -$370K | -$927K | -$2.34M | -$3.27M | -$2.77M | -$227K |
| Cash at Beginning | $471 | $706 | $59K | $824K | $629K | $0 |
| Cash at End | $343K | $501 | $706 | $59K | $824K | $1.72M |