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KPRX · NASDAQ · Biotechnology

Kiora Pharmaceuticals (KPRX)

Develops intravitreal photoswitch and DHODH-inhibitor candidates for retinal degeneration and inflammation.

$2.76
After hours+0.02 (+0.73%)
At close$2.74(+2.24%)
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Kiora Pharmaceuticals, Inc.KPRX
Health Care

Develops intravitreal small-molecule candidates for inherited retinal degeneration and retinal inflammation. Relies on license-related payments, partner reimbursements, potential milestones, and royalties rather than product sales.

Develops KIO-301, an intravitreal molecular photoswitch intended to make surviving retinal ganglion cells light-responsive after photoreceptor loss, and KIO-104, an intravitreal DHODH inhibitor for retinal inflammation and macular edema. Both candidates are in mid-stage clinical studies.

Operates from Encinitas and through offices and trial sites in Australia and Austria, while reporting one geographic segment. Its asset- and partnership-oriented model uses acquired technologies, outsources clinical work and manufacturing, and has licensed most non-Asian ophthalmic rights to KIO-301 to Théa Open Innovation.

Has no approved products or product sales. Its economics depend on upfront and option payments, reimbursed research costs, potential milestones, and royalties, while clinical execution depends on third-party manufacturers, CROs, medical institutions, investigators, and data-management providers.

Company facts

CEOBrian M. Strem, Ph.D.
ListedFeb 13, 2015
ExchangeNASDAQ
HeadquartersEncinitas, CA
CountryUnited States
Employees13
CIK0001372514
ISINUS49721T5074

Market cap$11.9M
EPS (ttm)−$2.50
P/E (ttm)−1.07
ROE-63.4%
P/B0.7046
P/S
Dividend yieldDiv yield
Beta1.02vs XLV 0.42

No analyst consensus on record.

Next report
Nov 6, 26
estimated · in 45 days
EPS estimate
−$0.38
Revenue estimate
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$1.04−$0.52−$0.54$0.01−$1.60−$0.58−$0.34Pending
Estimate−$0.64−$0.77−$0.58−$0.72−$0.67−$0.71−$0.47−$0.38
Surprise−62.5%+32.5%+6.9%+101.4%−138.8%+18.3%+27.7%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
ReportedPending
Estimate$750.0K$750.0K$750.0K$750.0K$1.5M$1.5M
Surprise
Estimate−$0.38
ReportedDue Nov 6, 2026
Estimate
ReportedDue Nov 6, 2026
View details

Debt to equity2.00%
Current ratio897.00%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0$0$0
Net income−$3.4M−$4.2M−$2.2M−$2.2M$26.8K−$6.5M−$2.4M−$2.1M
Net margin

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$3.6M−$2.6M−$2.3M−$2.4M−$794.4K−$7.3M−$2.5M−$2.2M
YoY growthLoss narrowedLoss widenedTurned lossLoss narrowedLoss narrowedLoss widenedLoss widenedLoss narrowed

Balance sheet, Jun 30, 2026Cash & short-term investments $16.8M · Total debt $333.0K · Total assets $23.8M · Shareholders' equity $16.9M

Revenue
$0
Operating income
−$2.2M
Net income
−$2.1M
View details

No dividends on record.

Insiders2.64%116.7K shares
4 holders · as of Jul 2, 2026
Strategic holders18.70%827.2K shares
2 holders · as of Feb 11, 2026
Other78.66%3.48M shares
remainder

4.42M company shares as of Sep 22, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Rosalind Advisors, Inc.Strategic
10.50%464,676filed Feb 11, 2026
Perceptive Advisors LLCInstitution
10.00%442,387filed Aug 10, 2026
Nantahala Capital Management, LLCInstitution
9.91%438,469filed May 15, 2026
Alyeska Investment Group, L.P.Institution
8.92%394,668filed May 15, 2026
ADAR1 Capital Management, LLCStrategic
8.19%362,527filed Aug 14, 2025

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

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CompareAfter hours

CompanyPriceChange
Kiora Pharmaceuticals$2.76+0.73%$11.9M
Ocugen$1.050.00%$349.3M76.3+8.4%
Regeneron$803.90−0.02%$82.23B19.713.35.3+16.7%
AbbVie$265.29+0.01%$467.37B74.517.57.3+10.2%
Median47.115.47.3+10.2%