ATHE · NASDAQ · Biotechnology

Alterity Therapeutics (ADR) (ATHE)

Develops ATH434, a clinical candidate for multiple system atrophy and related Parkinsonian disorders.

$3.78
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Alterity Therapeutics LimitedATHE
Health Care

Advances ATH434, a small-molecule clinical candidate for multiple system atrophy and related Parkinsonian disorders. The Melbourne-based company has no approved product described in its latest filing and depends on clinical, regulatory, and financing progress.

Advances ATH434, a small molecule designed to inhibit pathological protein aggregation and restore normal iron balance in the brain. The clinical program focuses on multiple system atrophy and related Parkinsonian disorders, following earlier Prana-era work on Alzheimer’s and Huntington’s disease; the PBT2 program was ended after a Phase 2 trial missed its primary endpoint.

Operates as a clinical-development enterprise rather than a commercial drug seller, with most staff in research and development. Its ordinary shares have an Australian primary listing while ADSs trade on Nasdaq, and its work is shaped by clinical execution, regulatory engagement, and financing milestones. No approved product is described in the latest reviewed filing.

Company facts

CEODavid Stamler, M.D.
ListedSep 5, 2002
ExchangeNASDAQ
HeadquartersMelbourne, Australia
CountryAustralia
Employees9
CIK0001131343
ISINUS02155X2053

Market cap$64.0M
EPS (ttm)−$0.9335
P/E (ttm)−4.05
ROE-48.3%
P/B2.12
P/S
Dividend yieldDiv yield
Beta1.27vs XLV 0.02

Price target$10.00+164.6%Average of 8 analysts
ConsensusBuy4 of 8 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 15, 2026Lake StreetInitiate
Rating: Target:
Rating: BuyTarget: $10
Aug 11, 2026UBSTarget
Target:
Target: $12
Aug 11, 2026Craig-HallumInitiate
Rating: Target: $12
Rating: BuyTarget: $2

EPSReportedEstimate

Feb '24Apr '24Aug '24Feb '25Feb '25Aug '25Feb '26Aug '26
Reported$0.00$0.00−$0.80$0.00$0.00−$0.34−$0.42−$0.05
Estimate−$0.14−$0.07−$0.69−$0.56−$0.25−$0.12
Surprise+98.1%−1,067.4%+99.9%+39.5%−65.9%+59.2%

RevenueReportedEstimate

Feb '24Apr '24Aug '24Feb '25Feb '25Aug '25Feb '26Aug '26
Reported$1.9M$1.1M$1.4M$803.0K$803.0K$4.1M$645.9K$806.6K
Estimate$958.3K$910.1K$2.3M$5.1M$1.1M$2.3M
Surprise+98.4%+55.2%−65.1%−18.0%−39.6%−65.2%
Estimate−$0.12
Reported−$0.05+59.2%
Estimate$2.3M
Reported$806.6K−65.2%
View details

Debt to equity0.50%
Current ratio1,452.00%

ProfitabilityRevenueNet incomeNet margin

Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Revenue$1.7M$1.1M$1.3M$1.5M$1.1M$2.7M$0$0
Net income−$5.7M−$4.1M−$4.6M−$8.9M−$5.1M−$3.5M−$6.6M−$9.8M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Operating income−$7.6M−$5.5M−$3.2M−$9.1M−$5.3M−$5.0M−$9.0M−$11.0M
YoY growthLoss widenedLoss narrowedLoss narrowedLoss widenedLoss widenedLoss narrowedLoss widenedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $26.3M · Total debt $136.3K · Total assets $32.4M · Shareholders' equity $30.1M

Revenue
$0
Operating income
−$11.0M
Net income
−$9.8M

Reported in AUD, converted at the latest exchange rate

View details

No dividends on record.

Institutions2.18%394.5K ADS
22 holders · as of Jun 30, 2026
Insiders8.53%1.55M ADS
4 holders · as of Sep 8, 2026
Other89.29%16.19M ADS
remainder

18.13M ADS (1 ADS = 12 ordinary shares) as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
David Allen StamlerInsiderdirector, officer: Chief Executive Officer
6.14%11.69M ordinary · 139,258 ADSfiled Apr 15, 2026
Lawrence Bernard GozlanInsiderdirector
2.09%4.55M ordinaryfiled Apr 10, 2026
Twin Lakes Capital Management, LLCInstitution
0.77%139,258 ADSas of Jun 30, 2026
Morgan StanleyInstitution
0.35%63,065 ADSas of Jun 30, 2026
Greenleaf TrustInstitution
0.34%62,000 ADSas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 31, 2026Peter Ashley Marksdirector+95,240$0.5000
Aug 31, 2026David Allen Stamlerdirector, officer: Chief Executive Officer+47,620$0.5000
View details

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